Brazil Electronic Medical Record market is projected to grow at a CAGR of 8.33% to reach US$769.397 million by 2026, from US$439.335 million in 2019.
Electronic Medical Records are electronic documents that are essentially made up of images from basic facts or situations, information, and signals. It stores the information in digital form, pertaining to patient health. It helps in storing data with great accuracy and capture the condition of the patient across time. A major reason for the growth of this market is the rising GDP, population size, increasing life expectancy, and disposable income.
Brazil is the fifth largest country in terms of both area and population in the world. The population of Brazil accounts for approximately 214 million. With an increasing population and health consciousness among the people, Private Health Insurance and plans Information Exchange Standard was established by The Brazilian Agency for Supplementary Heath to exchange information among health insurance companies and health providers. For this, it implemented prototype software, used in the open EMR reference model.
The electronic Medical Record Market in Brazil is at its initial growth phase and is anticipated to put forward new opportunities in the coming years. With rising income and the demand for better healthcare services, the demand for EMRs in Brazil is on an increase to carry on the operations of healthcare organizations.