A recent report from Hexa Research is predicting a strong future for the electronic medical records (EMR) industry, with the value of the market forecasted to exceed $30 billion by the end of 2022, based on a forecast period covering 2015 – 2022.
The forecast highlights the growing trend of digital automation within the healthcare industry, as well as US government initiatives such as the America Recovery and Reinvestment Pack (ARRA) as significant factors which are positively affecting the growth of EMR.
The advancements seen in EMR technology has enabled greater access to information via everyday devices such as smartphones and tablets, and web-based EMR applications are expected to grow more quickly than server-based applications due to the associated hardware costs of server-based EMR.
Competing on the report, Grace Century President and Director of Research Scott Wolf said “Grace Century is in the right space as we predicted 7 years ago. Our portfolio project, Quantum, and its sister firms are squarely positioned to participate in this rapidly growing market.”
Read the full article covering this report on CBS8 news here.