Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 29,417.2 Million | USD 42,203.5 Million | 4.5% | 2021 |
FrequentlyAsked Questions
The growing demand for electronic health records from emerging economies as well as increased demand for expanding patient data accessibility to drive the market growth in the coming years.
According to the Market Research report, the global Electronic Health Records market was worth about 29,417.2 (USD Million) in 2021 and is predicted to grow to around 42,203.5 (USD billion) by 2029, with a compound annual growth rate (CAGR) of around 6.2 percent.
North America is the market leader. The growth factor in North America is technological developments, significant government and private sector investments in healthcare, and the presence of prominent industry players.
Some of the main competitors dominating the global Electronic Health Records market include - Cerner Corporation (Oracle); GE Healthcare; Allscripts Healthcare, LLC; McKesson Corporation; Epic Systems Corporation; NextGen Healthcare, Inc.; eClinicalWorks; Medical Information Technology, Inc.; Health Information Management Systems; CPSI; AdvancedMD, Inc.; CureMD Healthcare; and Greenway Health, LLC.
Electronic Health Records, often known as EHRs, are digital representations of a patient's medical history. These digital representations contain information about a patient's medical problems, medications, allergies, immunizations, lab test results, and other relevant data. Electronic health records, or EHRs, are intended to improve both the quality and the safety of patient treatment by facilitating the sharing of patient information across healthcare practitioners.
Electronic health records are able to be viewed in real-time by authorized medical practitioners, which can help to enhance the coordination of care across a variety of providers and lower the likelihood of medical errors occurring. Moreover, electronic health records have the potential to lessen the administrative loads placed on medical professionals, hence contributing to an increase in the effectiveness of healthcare delivery.
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