Electronic Medical Records (EMR) Market in Emerging Countries - Outlook (2011-2016)
The development of EMR and EHR from standalone to highly integrated IT communication systems is expected to provide new opportunities in the healthcare IT applications market. Further market growth depends on factors such as improvements in data integration, information security, and post-sale services. Integrated systems are widely used for applications such as telemedicine, home telemetry, and remote patient monitoring. These applications also form a huge revenue generating business for the HCIT market; and hold great potential in regions with a dearth of other medical resources. The Electronic Medical Records (EMR) market has been growing rapidly with technical advancements and its extensive data storage and integration applications are also increasing its market share over the forecast period. The shift in EHR technology client-server models to web-based models is stimulating market growth for the same.
Healthcare IT market in Asia is estimated at $360 Million in 2010 and is expected to grow at a CAGR of 6.8% to reach $500 Million by 2015