Electronic Health Records Market Size – Likely At USD 24 Billion By 2020

The worldwide Electronic Health Records Market was anticipated at about USD 15 billion in 2013. It is predicted to rise at around 6 percent CAGR from 2014 to 2020. The said phase is termed as forecast period. The market is projected to increase to about USD 24 billion by 2020. Electronic health records are the digital forms of health data of individuals or populations.

For Market Research Report on “Electronic Health Records Market” Visit – http://www.grandviewresearch.com/industry-analysis/electronic-health-records-ehr-market

EHRs store lots of medical data and are accessible only to certified people. The EHR (electronic health records) market is expected to grow in the years to come. This is owing to growing adoption of EHR systems across medical amenities. Data in EHR systems comprise medications, health history of patients, diagnostic images, laboratory test results and demographics.

In the years gone by, the implementation of EHR systems has been higher in medium to big hospitals. This is owing to hospitals having bigger finances than clinics having smaller ones. However, through the forecast phase, the EHR (electronic health records) market for smaller healthcare clinics is estimated to experience imperative expansion.

Benefits linked with EHR systems and fiscal incentives by different governments are propelling further demand for the EHR (electronic health records) market. Decreased healthcare inaccuracies, fast access to health information of patients and decreased medical expenses are some of the benefits offered by these systems and are responsible for furthering the market.

The EHR (electronic health records) market is fragmented into three categories. These include consumers, ways of adoption and geographical regions. Ambulatory centers and hospitals are the various consumers. Client-server based EHR and web-based EHR are the various ways of adoption. North America, Europe, Asia Pacific and rest of the world are the various regions of the EHR (electronic health records) market.

Electronic Health Records Market

Information Source: Grand View Research






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