Dermatology EMR Software Market:
Regional Analysis
On the basis of region, the
global Dermatology
EMR Software Market is segmented into North America, Latin America, Europe,
Asia Pacific, Middle East, and Africa.
North America is expected to
account for largest market share in the dermatology EMR software market, owing
to adoption of EMR software with advanced features in the region. For instance,
in July 2018, Modernizing Medicine, Inc., a U.S.-based company, at the American
Academy of Dermatology (AAD) 2018 Summer Meeting, declared introduction of EMR
software with new features such as, Electronic Medical Assistant, (EMA); a
mobile EHR system with touch-and-swipe technology and also features the
dermatology electronic health record (EHR) system, including electronic prior
authorization (ePA), Real-time Prescription Benefit, and Inventory Management.
Furthermore, in March 2018,
Spectralink Corporation, a U.S.-based company, released a new line of smart
phones designed specifically for use in healthcare. The Spectralink Versity
phones are resistant to water and chemicals. The devices run on the latest Oreo
Android operating system and has built-in software to seamlessly integrate them
with in-hospital EMRs.
Electronic medical records (EMRs)
is a part of Electronic Health Records (EHR). Dermatology outpatients include
large number of patients with chronic diseases since they need long follow-up
durations for cure. Therefore, EMRs in dermatology will be useful in recording
dermatological data. EMRs in dermatology also allows streamlined, one-click
retrieval of old records, previous investigation reports, medical bills,
X-rays, and graphics of affected area on body on which the dermatologist can
analyze skin lesions along with rashes, and ulcers.
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Dermatology EMR Software Market:
Drivers
Increasing awareness for use of
EMRs in healthcare sector is expected to propel growth of the dermatology EMR
software market. For instance, in November 2017, the Dubai Health Authority
(DHA) completed the third and final phase of the unified electronic medical
record (EMR) system Salama, in Latifa Hospital, Hatta Hospital, Thalassemia
Centre, Dubai Gynecology and Fertility Centre, and all DHA Medical Fitness
Centers across the United Arab Emirates (UAE). Salama stores vital patient
information such as the medical history of the patient, past surgery details,
lab test results, and X-ray reports, which can be easily accessed by any DHA
doctor from all DHA facilities across the UAE region.
Moreover, in September 2018, MedX
Health Corp., a Canadian company, launched DermSecure, its telemedicine
platform, in six Ontario clinics. DermSecure telemedicine platform offers
benefits to patients and primary care physicians by working with dermatologists
for enhancing their skills in terms of disease diagnosis and treatment.
Furthermore, Apple Inc., in April
2018, launched Apple Health Records feature that combines data of patients’
current heath and data from their past EHR in the health app by using HL7’s
Fast Healthcare Interoperability Resource (FHIR) specification. This allow
users to know about their drug allergies, medications, and precautions during
treatment. It also allow patients to check an EHR patient portal for
information such as their laboratory test results. The users need to enter a
password to view the information, as the data is encrypted.
Furthermore, advancements in the
EMR software is expected to boost growth of the dermatology EMR software market.
For instance, in July 2018, Yale School of Medicine in the U.S. developed voice
recognition software for EMR, which will reduce time of physicians during
patient consulting. Physicians can login once at the start of their shift,
which will save physicians time by eliminating 20 to 140 logins per physician
per day. This has improved the user experience with EMRs.
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Dermatology EMR Software Market:
Restraint
Increasing cost of EHR services
offered by key players is expected to hamper growth of the dermatology EMR
software market. For instance, in February 2018, Practice Fusion, Inc., a
company in North America, abandoned its business model that contributed to its
popularity, as it was offering free EHR software to physicians when it was
acquired by Allscripts in 2018. The company later started charging monthly
subscription fee of US$ 100 per physician per month for EMR software.
Therefore, maintaining the customer base could be a challenge for the company,
as it was earlier offering the same service for free.
Moreover, mergers and acquisitions
in the U.S. is also expected to drive growth of the market. For instance, in
June 2017, athenahealth, a cloud-based EHR company, acquired Praxify
Technologies in a US$ 63 million deal. Praxify Technologies originates with a
number of applications, including a personal assistant program integrated with
EHRs and artificial intelligence aimed at patient engagement. This acquisition
is expected to improve athenahealth’s performance in providing their services.
Dermatology EMR Software Market:
Competitive Analysis
Strategies adopted by key players
such as acquisitions in Asia Pacific region is expected to boost growth of the
dermatology EMR software market in this region. For instance, in August 2018,
Persistent Systems, an India-based company, acquired Herald Health. Herald
Health is a software platform that allows various hospital stakeholders to be
automatically notified when data in the EHR and other data systems changes.
Key players operating in the
dermatology EMR software market include Encite, Inc., MetaOptima Australia Pty
Ltd, CureMD Healthcare, CloudPital, CollaborateMD Inc., eClinicalWorks,
CompuGroup Medical, mdconnection, and Practice Fusion, Inc.
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