The global electronic health record (EHR) market will stand at $23.98 billion by 2020 according to a new study.
The study by global market intelligence company Transparency Market Research, EHR Market—Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014–2020, states that the global EHR market will stand at $23.98 billion by 2020, reporting a compound annual growth rate (CAGR) of 6.4 percent over its value of $15.56 billion in 2013.
North America generated the highest percentage of revenue in the global EHR market in 2013, with a 5.8 percent CAGR projected for this market through the forecast horizon.
“At this CAGR, the North America EHR market will firmly remain in its leading position to 2020,” stated Transparency Market Research.
“EHR market leaders and participants have their sights set on the emerging markets of China, India, Brazil, South Africa, and Mexico, where many hospitals are going digital.”
Transparency Market Research, US