From 2015 to 2021, the global electronic health records market registered significant gains, reaching a valuation of US$ 26 Bn in 2021. As per market research and competitive intelligence provider Fact.MR, electronic health records uptake surged at a CAGR of 3% during the said historical period. Rapid digitization of healthcare, with regard to patient care and workflow optimization, have contributed to the rising scope of the market.
Co-operation between Multiple Service Providers and Government to Bolster Prospects
An increasing number of mergers and acquisitions by market players are also boosting market growth. For instance, in January 2021, Allscripts EMR Healthcare Solutions announced a strategic partnership with the U.S Orthopedic Alliance (USOA). This partnership is aimed at bringing to market efficient infrastructure designed to assist orthopedic practices scale with agility, improving electronic health records implementation timelines, providing evidence-based guidelines to support evolving clinical protocols, and creating community-wide connectivity with value-based care analytics.
What Drives the Demand for Electronic Health Records in Asia Pacific Countries?
In the Asia Pacific, the market for electronic health records is anticipated to demonstrate lucrative growth during the forecast period, growing at a CAGR of 5%. This growth can be attributed to the ever-increasing demand for quality standards and services which are boosting the digitalization of healthcare in the region.
The Ministry of Health in China has defined an action plan for the usage of services related to e-health across the country encompassing broad areas of medical services, insurance plans, and with a large focus on the adoption of electronic record, systems to allow data sharing across the national healthcare system.
Originally published by:
https://www.factmr.com/report/electronic-health-records-market
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