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According to the latest report by IMARC Group, titled “Electronic Medical Records Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global electronic medical records market is expected to exhibit a CAGR of 4.93% during 2022-2027. Electronic medical record (EMR) refers to digital documents that can generate and send prescriptions to pharmacies electronically. It collects medical information of patients, including their health history, diagnoses, medicines, tests, allergies, immunization, and treatment plans. EMR also assists in keeping track of vital signs, personal statistics, and billing information. It offers a real-time, patient-centered and digital alternative to paper records and charts used to provide information instantly and securely to authorized users. EMR can be accessed by all healthcare providers taking care of the patient and offers quality care and protection from data disruption caused by accidents or mishaps.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Electronic Medical Records Market Trends:
The global EMR market is primarily driven by the rapid digitization in the healthcare industry. Governments of various nations are taking initiatives to encourage physicians and healthcare providers to invest in IT-based solutions, such as EMR. They are also establishing regional extension centers that offer technical support and advice to patients. Besides this, the growing demand for integrated healthcare systems with big data is also contributing to the market growth. With the ongoing coronavirus disease (COVID-19) pandemic, the global healthcare industry is witnessing a crunch. The consequent increase in hospitalizations and lockdowns has resulted in the demand for cloud-based EMR solutions to enhance communication between healthcare providers and patients. Furthermore, the growing geriatric population, the rising prevalence of chronic diseases and the implementation of favorable health management programs are some of the other factors that are significantly impacting the market growth worldwide.
Market Summary:
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