When there are a lot of people in need of medical attention, there is a need for the digitization of healthcare to cope with the ever-increasing patient count. All the people seeking medical attention need to be provided with a diagnosis and prescriptions. In this ever-changing world, there is havoc created by chronic diseases. Between the years 2000 and 2030, Americans having chronic conditions will go up by 37%, an upsurge of 46 million persons.
It is a given that older people are in more need of medical assistance, as they are more prone to succumb to all kinds of health issues. The EHR market will continue to rise with the rising number of the elderly population. As per WHO, the elderly people will rise to 22% in 2050, approximately doubling the value of 125 in the year 2015. 80% of the older population will live in low-income countries.
The paybacks of EHR in epidemiology are another main factor for the development of the growth of the EHR market. For example, the FDA has requested over $100 million, for an EHR initiative, to assess the safety of the drugs controlled by it, as EHR allows researchers to analyze data. Additionally, with the use of this system, healthcare workers and patients can have an idea of the present drug development stage and clinical trials and outcomes that were attained from formerly accomplished trials.
Worldwide, North America had the highest demand for EHR in the past and the trend is continuing in the current scenario as well. This has a lot to do with the growth in its elderly population and the upsurge in the consciousness about the significance of EHRs in healthcare settings. The U.S will be the leader of the industry in the region. With scientific developments and the inclusion of AI, the demand for EHR has grown leaps and bounds.
The demand for EHR systems is rolling because of the increasing elderly population and the government initiatives for the same.
