Technavio’s latest report on the global electronic health records (EHR) market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
Amit Sharma, a lead analyst from Technavio, specializing in research on IT professional services sector, says, “The global EHR market is expected to exceed USD 28 billion by 2020, growing at a CAGR of more than 5%. The is greater adoption of EHR in developed economies as compared to developing economies owing to IT budget constraints in developing countries. The adoption of EHR systems in the European healthcare IT market is increasing at an exponential rate so as to increase the quality of patient care.”
The top three emerging trends driving the global EHR market according to Technavio ICT research analysts are:
- Increased adoption of predictive analytics
- Proliferation of health and fitness device and application
- Integration of telemedicine and EHR is on the rise
Increased adoption of predictive analytics
Big data and analytics is no more a buzzword in the healthcare industry as a range of analytical tools and statistical modeling are being used in hospitals to get structured and meaningful insights about clinical and non-clinical operations. Healthcare organizations generate massive amount of clinical data such as patient health data and non-clinical data such as administrative and financial data. The ever increasing volume, variety, and velocity of clinical and non-clinical data have compelled healthcare organizations to implement statistical tools, data science, and mining technology. For the full article click here
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