Market Research Insights Electronic Health Record Market

Electronic Health Record Market Specifications, Business
Overview and Dynamics Forecast 2025
“The global Electronic Health Records (EHR) market size was valued at USD
20.55 billion in 2016 and is expected to reach USD 33.41 billion by 2025.”
The global Electronic Health Records (EHR) Market size was valued at USD 20.55 billion in 2016 and is expected
to reach USD 33.41 billion by 2025. EHR are the summary of the numerous electronic medical records which are
produced throughout any clinical encounter. An Electronic health records supplies a wide variety of data such
as, medication, laboratory test results, and medical history, demographics and diagnostic images. In the last few
years, EHR implementation has been privileged in the hospitals in contrast to small-sized practices, primarily
because hospitals have a big budget in comparison to miniature sized practice. However, over the forecast
period, the industry for Electronic health record for systems utilized in miniature sized practices is expected to
observe noteworthy growth rate.
Important advantages linked with electronic health records systems coupled with financial incentives offered
by government of different countries are expected to become the chief factors driving the expansion of EHR
(Electronic health records) market globally. Benefits from EHR system comprises updated patient information,
accurate patient information, decreased healthcare services cost in extended term, rapid access to customer
associated data, decreased medical errors, amplified patient involvement and enhanced competence of
healthcare service offerings.
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These compensations encourage healthcare service providers to provide their services with technically superior
(Electronic health records) EHR systems, which is expected to drive the industry growth over the forecast period.