EMR Market to Grow 7.5% Annually Through 2016

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The global market for hospital-based electronic medical records is expected to grow at a compound annual growth rate of 7.46 percent through 2016, according to a TechNavio report.

A major factor contributing to the continued growth of the EMR market is an increasing demand for advanced health monitoring systems and cloud computing services.

The report cites Epic, Cerner, McKesson and Siemens as vendors that will continue to dominate the EMR market in the coming years.

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