Brazil Electronic Medical Record Market - Forecasts from 2021 to 2026

Brazil Electronic Medical Record market is projected to grow at a CAGR of 8.33% to reach US$769.397 million by 2026, from US$439.335 million in 2019.

Electronic Medical Records are electronic documents that are essentially made up of images from basic facts or situations, information, and signals. It stores the information in digital form, pertaining to patient health. It helps in storing data with great accuracy and capture the condition of the patient across time.

A major reason for the growth of this market is the rising GDP, population size, increasing life expectancy, and disposable income.

Brazil is the fifth largest country in terms of both area and population in the world. The population of Brazil accounts for approximately 214 million. With an increasing population and health consciousness among the people, Private Health Insurance and plans Information Exchange Standard was established by The Brazilian Agency for Supplementary Heath to exchange information among health insurance companies and health providers. For this, it implemented prototype software, used in the open EMR reference model.

The electronic Medical Record Market in Brazil is at its initial growth phase and is anticipated to put forward new opportunities in the coming years. With rising income and the demand for better healthcare services, the demand for EMRs in Brazil is on an increase to carry on the operations of healthcare organizations.

The increase in investments by various healthcare IT players is expected to drive the demand for this market in the forecast period.

• According to the World Bank, the health expenditure (% of GDP), in Brazil, stood at 9.51% in 2018.
• The CFM in Brazil provided a standard control program for EMR solution to certify the solutions that met their requirements with efficacy, which marked the beginning of EMRs in Brazil.
• Recently, Brazil made a huge investment in three supercomputers, in order to amalgamate all the government’s EMR into a single operational system.
• According to the Commonwealth Fund, the Ministry of Health launched SUS software in order to unify all the multiple information systems and ensure an efficient public healthcare system.
• According to the Ministry of Health, the EMR system is installed in more than 1920 cities in Brazil and a new version of EMR was released by the Federal Government in order to allow all public health services to track the data of a patient.
• The long-term potential companies in Brazil are expected to remain positive with less domestic competition.

The outbreak of COVID-19 is anticipated to fuel the growth of this market.

As of June 2021, Brazil has registered more than 17 million cases. The very recent COVID-19 epidemic has led to several changes in the way of treating patients. This has encompassed telemedicine in the routine, which is ruling out the need for an in-person doctor visit. With an increasing need for remote delivery for healthcare services accompanied by the need for social distancing, hospitals in Brazil are continuously building up their efforts to incorporate EMR facilities in order to keep track of their patient health record.

Market Segmentation:

By Product

• Client-Server based
• Web-Based

By End-User

• Hospitals
• Ambulatory care
• Physicians Clinic
• Laboratories
• Pharmacies

By Services offered

• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others