The global electronic medical record market is poised to reach $18.3 billion by 2018, growing at a compound annual growth rate of 9 percent, according to a MicroMarketMonitor news release.
In 2013, the global EMR market was valued at $11.8 billion.
Some of the market's growth factors include aims to reduce healthcare costs by using IT solutions, a transition to digital systems in the healthcare industry and government health IT initiatives.
The North American sector leads the global EMR market, growing at a CAGR of 9.4 percent. It is expected to be valued at $10.9 billion in 2018.
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