29 Nov Electronic Health Records Market Is Expected To Witness Growth
According to the report published by Grand View Research, global electronic health records market will grow at a CAGR of 5.2% from 2014 to 2020, improvement in quality of healthcare delivery services due to advanced technology tools implementation, increasing the importance of patient access to medical information, and improving patient safety concerns are some of the high-impact rendering drivers for the EHR market.
Global electronic health records (EHR) market size was estimated USD 19.96 billion in 2014 and the market is expected to grow at a CAGR of 5.2% over the forecast period. Quality improvements of healthcare services owing to the implementation of advanced technology tools, rising importance of granting the patients access to critical medical information, and improving their safety concerns are few of the driving factors for the significant increase in the electronic health records market.
Global EHR market is anticipated to value worth USD 29.81 billion by 2020.Electronic health records are a consolidated report storing a wide range of information like the laboratory test results, demographics, diagnostic images, medical history of patients and medications provided. Their ability to provide up-to date and accurate patient information, reduced medical errors, increased patient participation, reduced healthcare cost and improved efficiency are major factors driving the EHR market demand.
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