The globe Software market for personal medical records According to a new study by Polaris Market Research, the size is expected to reach $16.84 million by 2030

Several key factors contributing to the growth of the industry are the growing demand for centralization and streamlining of medical information coupled with the increasing initiatives to promote patient-centric care. In addition, the arrival of COVID-19 fuels the demand of the industry due to the increasing need for digital tools for medicine and increasing digitization in all industries. In addition, the availability of technologically advanced products coupled with increasing government initiatives further fuel global industrial growth

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Based on one component, the Software & Mobile Apps segment holds the largest revenue share in the global industry due to the increasing number of technological developments in the medical sector. In contrast, the service segment is the fastest growing segment in the world. The increasing digitization in the healthcare industry is driving demand.

The increasing adoption of AI in the various technologies of the medical sector for human condition assessment while examining complex medical data is one of the major driving factors behind the global industry growth. Compared to traditional technologies, AI technology in healthcare can extract information and provide precise output to consumers.

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These technologies are being used in the medical field, resulting in improved patient outcomes and increased volume and availability of health-related data from these devices. This increases the demand for AI along with…