Electronic Medical Records (EMR) Market is Expected to Increase at 5.6% CAGR through 2025

Shared by Ram Singh | 0 0 0 | about 7 months ago

Electronic medical record systems are defined as healthcare information tools that captures and records patient data gathered from various authorized clinicians’ office under one healthcare organization. These systems enhances workflow efficacy and improves the quality of patient care. Whereas it also provides access to physicians regarding patient information such as lab results, diagnosis and medication. The EMR system is gaining high traction among healthcare service providers, mainly due to its operational efficiencies and the rising need for integrated healthcare facilities worldwide. Over the years, there has been a surge in the need to connect laboratories to hospitals and clinics, and hospitals or clinics to pharmaceutical centers. This has led to the rise in emphasis on product innovation. Thus, increasing number of players are entering the EMR market with varied service offerings.

The global electronic medical records market is estimated to account for US$ 11,417.5 Mn by the end of 2015, and is projected to witness a significant increase in its market value due to rising demand for EMR systems from the concerned end-use segments.

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