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Research details developments in the electronic health records (ehr) market

Research details developments in the electronic health records (ehr) market

The global Electronic Health Records (EHR) Market is expected to reach USD 33.41 billion by 2022, according to a new report by Grand View Research, Inc. The government initiatives undertaken in support of EHR adoption are most likely to accentuate the market growth.

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The National Health Services (NHS), UK is planning to convert the documentation process into digitized form completely by the year 2018. In the U.S., federal government has announced financial incentives for physicians planning to adopt EHR systems.

Any average physician with at least 30% of his/her patients covered with Medicare is eligible for incentives worth USD 44,000.

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Many region-specific initiatives are promoting eHealth services.

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For instance, EUR-Lex gave eHealth action plan for 2017 - 2022, which states the strategies for deployment of eHealth services amongst European nations.

The EHR industry in Asia Pacific is projected to display substantial growth over the forecast period owing to various developments across major economies along with increased expenditure on healthcare IT. This regional market is expected to grow at a CAGR of 7% from 2017 to 2022.

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