“In short,” it concludes, “we have an opportunity to unleash the potential of health data economy.”

Such a boost in access to health records could generate as much as a 5.4-billion-euro economic gain, the Commission estimated. In addition, it forecast another 5.5 billion euros from savings to both patients and providers and from “faster growth of the digital health and wellness applications markets.”

The global EHR market size is on track to hit $39.9 billion in 2026, at a CAGR of 5.4% for the forecast period, up from $26 billion in 2018, according to a Fortune Business Insights report in early May.

The gain in momentum is being fueled in part by the ongoing adoption of artificial intelligence (AI) throughout the healthcare industry, according to the report.

“AI not only helps clinicians in diagnosing a patient’s condition, but also recognizes historical trends of the patient,” according to the survey, titled, “Electronic Health Records Market Size, Share & Industry Analysis, By Product (Web-based, On-premise), By Type (Stand-Alone, Integrated) By End User (Physician’s Office, Hospitals, Others) and Regional Forecast, 2019-2026.”

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