Electronics Market Research Reports & Industry Analysis
Electronics are a part of healthcare. The medical electronics market is expected to reach US$372 billion by 2018 primarily supported by the application sectors monitoring & surgical systems, imaging systems, diagnostics and medical therapeutics. Globally, medical therapeutics and imaging systems together account for approximately 52.9% of the market and are expected to support the medical electronics industry going forward.
One area of involvement of electronics in healthcare is EMR. Electronic Medical Records (EMR), or Electronic Health Records (EHR), are computerized versions of traditional paper-based medical records There are many advantages for providers to transition over to electronic medical records. Patient care can also be improved by streamlining data electronically so it can be easily shared amongst providers, without the need for copying, faxing and other means of transport. Even the federal government thinks EMR are the way to go, and it has put in the money and efforts to encourage hospitals, physicians and other providers to make the switch. Under the American Recovery and Reinvestment Act (ARRA), the government is providing incentives for healthcare providers to transition from paper-based records to EMR.