Electronic Medical Records Market Growth and Analysis - Industry Trends, Size, Shares, Forecast to 2026
The question for sustainability of this system arises on account of the existence of electronic health records (EHR) , which allows easy access to patient health records irrespective of the time and physical location of the user. The EHR system, however, finds major applicability in large hospitals, and diagnostic centers thus paving the opportunity for EMR in smaller and medium-sized private clinics and health centers, which account for a major share of the healthcare practices. The global electronic medical records market was valued at US$ 21,444.4 million in 2015 and is expected to witness a CAGR of 6.9% during the forecast period (2016 – 2024). Inconsistent return on EMR systems is expected to hinder the market growth The risk associated with chronic diseases such as obesity, cardiovascular attack, neurological conditions, and cancer increases with age. This further leads to patient visits to specialty centers or hospitals for the treatment and...