(Electronic Medical Record) system market is projected to grow at a CAGR 9% during 2020-25. Major factors driving the market are
Global hospital EMR
Rising government support for the adoption of EMR and the need to curtail increasing healthcare costs are a few of the prime reasons.
Introduction of software and its integration along with interoperability is further supporting the market.
As the healthcare industry is dependent on vendors to implement, consult, and storage, these services help doctors, to access patient information to ensure accurate and safe treatments. In such a competitive scenario, EMR act as a tool for facility managers and owners to gain maximum output of the data by studying the pattern of the patient for a specific disease or therapy.
General EMR accounts for a majority share in 2019 and further also it is projected to have major dominance through 2025. The major share of general EMR can be attributed to hospitals with multi-function, multi-specialty capabilities of general EMRs enabling their use in various specialties through flexible functioning and incorporated plugins.
Asia-Pacific
Asia-Pacific region is expected to account for the highest market growth rate through 2025 on account of several investments and reforms to modernize China's healthcare infrastructure, the digital healthcare scenario in India, “One Singaporean, one health record” initiative in Singapore and the execution of e-health initiatives in Australia. With the help of EMR there can be effective treatment across different healthcare settings to track patients’ medication information and history such as diagnostic information, medical history, laboratory & tests results, allergy information and other information. Government initiative to increase adoption of EHR system such as the Centers for Medicare & Medicaid Services (CMS) has conducted Promoting Interoperability (PI) Programs to emphasize improving patients’ access to health information and achieve interoperability.
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