Electronic Medical Records Market Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

 

Electronic Medical Records Market
Electronic Medical Records Market

To give medical staff relatively easy access to patient history, digital revolution in healthcare is essential. During the projection period, increasing demand for systems and software that connect hospitals, clinics, and other healthcare facilities will manifest as a growth driver.

A greater emphasis is placed on strategic partnerships between leading suppliers of electronic medical record solutions as Electronic Medical Records market rivalry intensifies. Additionally, the ongoing demand for knowledge sharing and technology upgrades to improve healthcare efficiency will promote collaborations between important parties.

Over the course of the projected period, rising healthcare costs are anticipated to spur market expansion for electronic medical records worldwide. For instance, the National Center for Biotechnology Information reported in December 2019 that the market for electronic health records in the United States increased by an average of 5.4% each year from 2015 to 2019, reaching US$14.5 billion in that year. The authors of the report pointed out that many healthcare providers buy electronic health records as software-as-a-service because of the necessity for scalability.

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