The Global Electronic Medical Records Market was valued at US$ 21,444.4 million in 2015 and is projected to expand at a CAGR of 6.9% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Increasing digitization is propelling deployment of EMR across the global healthcare sector.
Healthcare delivery is expected to undergo a drastic transformation through integration of information technology and healthcare services. The market is presenting new growth avenues for healthcare companies as well as major IT companies such as Apple and Microsoft. These companies are working in close coordination with healthcare service providers, understanding the various nitty-gritties of processes and problems and accordingly developing integrated solutions. Besides, emergence of health monitoring devices and applications and rising awareness among the populace about the ease of use and various benefits of such services led to increases demand for digital solutions to track health parameters and securely access personal medical records. Moreover, the advent of on-cloud EMR solutions further provides significant growth traction for the electronic medical records market.
To know the latest trends and insights prevalent in the electronic medical records market, click the link below:
Wide availability of electronic medical record solutions are available in the market to meet increasing demand for medical operations and maintenance of medical data. Furthermore, increasing awareness among hospitals and initiatives taken by government of various economies towards encouraging deployment of EMR in hospitals and private clinics is driving growth of the market. For instance, the Dubai government installed EMR system, Salama, across the Dubai Health Authority (DHA) network of health facilities. The government will be rolling out its MER system across the DHA network in three phases through 2017.
Facilities already using EMR systems are upgrading to improve healthcare delivery. Catholic Health Services (CHS) and University of Maryland Medical System (UMMS) achieved Stage six recognition (almost fully automated/paperless medical records) by the Healthcare Information and Management Systems Society (HIMSS) Analytics on their Outpatient EMR adoption model of HIMSS Analytics. Deployment of new EMR systems and upgrading of systems would be significantly contributing towards growth of the vfvfglobal electronic medical records market.
Emerging economies such as India, Brazil, Turkey, China, and Indonesia need to devise a framework for the use of EMR systems in their respective countries. In India, there are no defined legal framework in place to govern EMR and EHR systems, with preexisting IT laws applied to these systems. Cyber Laws, Indian Information Technology Act laws and compliances concerning health and medical industry are various governing laws posing a major challenge to smooth operations of present EMR systems. Healthcare facilities in India, using EMR systems, are facing challenges in complying with these laws and thus, are at risk of being faced with legal issues. Having a proper legal framework is essential for the growth of electronic medical records market.
Key takeaways of the market:
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
Email: [email protected]
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.