The global wireless electronic health records (EHR) market is expected to reach nearly $ 11.2 billion in 2013.This market is further expected to grow to about $23.5 billion in 2018 with a compound annual growth rate (CAGR) of 16.1%.
The wireless EHR devices market is expected to reach $8.8 billion in 2013. This market is further expected to grow to $17.2 billion in 2018 with a CAGR of 14.3%.
The wireless EHR software market is expected to reach $2.4 billion in 2013. This market is further expected to grow to $6.3 billion in 2018 with a CAGR of 21.9%.
The global market for wireless electronic health records was valued at nearly $9.6 billion in 2012 and is expected to increase to $11.2 billion in 2013. Analysts project the market to grow to nearly $23.5 billion by 2018, and register a five-year compound annual growth rate of 16.1% from 2013 to 2018.
Electronic health records have been in use to some limited degree since the early 1960s. Today, the industry is gaining widespread interest from local and national governments worldwide. While government programs are aimed at driving EHR implementations across the globe, these efforts are also motivating advancements in related areas such as medical device connectivity. Indeed, recent focus on meaningful EHR adoption across hospitals and a parallel growth with respect to mobile technologies have resulted in the evolution of the wireless EHR market.
Wireless EHR-compatible devices not only streamline data and data storage options but also provide critical analytical data inside and outside the traditional hospital setting. Such information is extremely useful in understanding a patient’s state of health, providing alerts, encouraging adherence to medication/consulting (routine), etc. Wireless EHR devices provide freedom from a laboratory setting for monitoring purpose and also keep physicians well connected.
Increasing R&D spending and technological advances, particularly in the area of mobile technologies, as well as intense interest from governmental and global public health institutions and hospital systems will drive tremendous growth in this market for foreseeable future. Source
