TechSci Press Release

Global Electronic Health Records (EHR) market is forecast to grow from an estimated $ 30 billion in 2020 to $ 40 billion by 2025 . Growth in the market is anticipated on account of  rising demand for centralization and streamlining of electronic healthcare systems, technological advancements in the field of healthcare IT, and increasing awareness about the use and importance of EHR. Moreover, increasing government funding and expenditure for the development of healthcare IT solution are promoting the adoption of electronic health records, globally. Electronic health records market can be classified based on product, component, end user and region. In 2019, the global market was dominated by hospitals, holding about 45% of the market share. Electronic Health Records have become an essential part of hospitals to maintain patient data owing to enhanced convenience and increased productivity. In terms of product, web/cloud based dominated the market in 2019 and the trend is likely to ...