Integration of EHR Applications with Smart Devices Encouraging Growth Opportunities in the EHR Systems Market in Latin America: Technavio Report

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London, 29 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the EHR systems market in Latin America 2015-2019, which is expected to grow at a CAGR of 7.15% during the forecast period of 2014-2019.

The increased adoption of advanced technologies such as HIS, the integration of electronic health record systems with smart devices, and the growing need to reduce operational costs are some of the major factors propelling market growth. EHR systems enable easy access to records, and thereby help maintain service quality by eliminating confusion in the data retrieval process. This enhances the overall productivity of the healthcare sector.

“EHR systems and their applications are being increasingly integrated with laptops and smartphones and their demand among professionals and patients is increasing tremendously,” says Faisal Ghaus, Vice President of Technavio.

“One of the benefits is that mobile health applications installed in smartphones can generate patient data from remote locations and also transfer data to clinical laboratories through WLAN.”

Key Market Drivers

  • Increased government initiatives
  • Enhanced service quality
  • Advanced HMS
  • High demand from emerging markets

Key Market Trends

  • Increased adoption of SaaS-based EHR solutions
  • High demand for HIS
  • Integration of EHR applications with smart devices
  • Digital technology in remote patient diagnosis

Key Market Vendors

  • Allscripts Healthcare Solutions, Inc.
  • Cerner Corp.
  • Epic Systems Corp.
  • GE Healthcare Ltd.
  • McKesson Corp.
  • Siemens Healthcare Ltd.

To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

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