Market Research

A glance at the market of electronic medical records (2020-2025)

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Due to the high costs of maintaining medical records in health care centers as well as the increase in treatment costs, there seems to be a vacancy for a system storing medical information. In addition to providing easy access to the patient’s health history, Electronic Medical Records (EMR)s significantly reduce the additional costs of diagnosing the disease and accelerate the diagnosis and treatment process. Fortunately, with the growing trend of accepting electronic medical records in many health centers, this market seems to be growing.

Market / Industry segment of electronic medical records

Base YearMarket size(B$)Duration(YEAR)CAGR(%)Source Name
201722.365.40%PS markt research
201927.0685.82%Market research futture
201623.5975%Allied market research

Influencing factors that changes market size of electronic medical records

The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of electronic medical records:

Direct drivers:

  1. Government policies
  2. Health care costs
  3. Technology advancement
  4. Cooperation between the pillars of health
  5. Prevalence of chronic diseases

Reverse drivers:

  1. Cyber attacks
  2. Internet and network problems
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This market may also be threatened by following risks:

In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of electronic medical records may also be threatened by the following risks:

  1. Technology risk
  2. Legislation risk
  3. Competition risk
  4. Reputation risk

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