The introduction of mandates involving meaningful use of data and various governmental e-health initiatives across the globe are fuelling the adoption of electronic medical records (EMR) and healthcare information systems (HIS) to enable universal access to patient information.
This is according to analysis from Frost & Sullivan’s Analysis of the Global Enterprise Content Management (ECM) Market for Healthcare which says the market earned revenue of $318.2 million in 2013 and estimates this to more than double to reach $715.4 million in 2019.
The resulting boom in clinical content can only be effectively managed by enterprise content management (ECM) solutions, says Frost & Sullivan, adding that healthcare providers are upgrading their legacy content management solutions and transitioning to ECM solutions that can derive meaningful insights from complex information and hugely improve healthcare data liquidity.
The market research firm points out that while Europe and the US will witness steady demand for ECM solutions, Asia-Pacific will experience significant growth especially in Australia and mainland Asia.
