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The Need For Significant Investments In Infrastructure Development Are Expected To Stymie The Growth Of The Electronic Medical Records (Emr) Market

The patient record created by providers for specific encounters in hospitals and ambulatory settings is known as an electronic medical record (EMR). EMR is a significant data source for electronic health records (EHR). Furthermore, increased adoption of EMR technology is expected to drive market growth. For example, Alcon, a Novartis Ag subsidiary, announced plans in 2018 to develop the SMART Suite digital health platform for cataract surgery using EMR-generated data. North America dominated the global electronic medical records market in 2018, accounting for 62.4 percent of total volume, followed by Europe.

The growing patient volume as a result of the global COVID-19 outbreak, as well as the need to contain rising healthcare costs, have an impact on the electronic medical records (EMR) market. Furthermore, the growing geriatric population, research and development activities, an increase in healthcare expenditure, and improved healthcare infrastructure all have a positive impact on the electronic medical records market. Furthermore, rising demand for cloud-based EHR solutions and a shift toward patient-centric healthcare delivery provide lucrative opportunities for Electronic Medical Records Market players from 2021 to 2028. On the other hand, high deployment costs, reluctance to adopt EMR solutions in developing countries, and the need for significant investments in infrastructure development are expected to stymie the growth of the electronic medical records (EMR) market. Interoperability issues and rising data security concerns are expected to pose challenges to the electronic medical records (EMR) market from 2021 to 2028.

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