Predictions For The Global EHR-EMR Market By 2027

Healthcare News

Predictions_For-The-Global-EHR-EMR-Market-By-2027 Predictions For The Global EHR-EMR Market By 2027An Electronic Health Record, or Electronic Medical Record, is the systematized collection of patient and population electronically-stored health information in a digital format. These records can be shared across various health care settings. EHR deployments trend today are higher among hospitals and doctors as more provider organizations are utilizing this system. With the growing adoption of HER systems, the global EHR-EMR market is predicted to reach up to USD120 billion by 2027.

The market is largely driven by easy healthcare delivery, the augmenting role of Health IT, and the growing number of patients getting admitted in hospitals. The further factors that are accelerating the market growth are the rising volume of medical records, maintaining the quality of health-records, and replacement of paper records by electronic records. Besides, technological and scientific innovations are also supporting the global market growth of EHR-EMR. On a regional basis, the global EHR-EMR markets are segmented into North America & South America, Asia Pacific, Europe, and the Middle East & Africa (MEA).

According to the reports, the Americas region is the largest regional market, due to the presence of major market players in this region, increasing the importance of EHR-EMR, research and development (R&D) in the healthcare sector, technological advancement, and a boost in the number of services in specialty & super specialty hospitals. Additionally, the biggest country-specific markets in this region are the USA and Canada, where several key market players are based in this region, particularly in the USA. In South America, the market is smaller than North America as this region has less advanced medical facilities, as reports noted.