- Electronic Medical Records (EMR) refer to digital versions of patients' paper charts, containing their medical history, diagnoses, treatment plans, and other healthcare-related information. EMRs are primarily used by healthcare providers to track patient data, ensuring more efficient care, reducing errors, and improving overall healthcare quality
- The global EMR market is experiencing significant growth, projected to expand at a CAGR of 7.20%. This growth is driven by the increasing adoption of digital healthcare solutions, as healthcare institutions seek to streamline operations, enhance patient care, and comply with regulatory requirements. EMRs reduce administrative burdens, ensure better data management, and enable real-time access to patient information, leading to more accurate and timely decision-making
- For instance, in January 2023, the U.S. Department of Veterans Affairs (VA) announced its rollout of a new Cerner EMR system across multiple VA hospitals. This initiative aims to modernize patient record management and improve care coordination for U.S. veterans. By transitioning to an integrated digital platform, the VA expects to significantly enhance data accessibility and streamline care delivery across its network
- The market's growth is further supported by the increasing focus on patient-centered care, government initiatives for digital health, and the rising demand for interoperability in healthcare systems
