Do paper medical records have the same poor prognosis as paper report cards and paper invoices? The U.S. electronic medical records (EMR) market is expected to grow from $2.2 billion in 2009 to $6.1 billion in 2015 at an estimated compound annual growth rate (CAGR) of 18 percent, according to a new report from Rockville, Maryland-based MarketResearch.com.
Many healthcare providers already have made the switch to computerized patient data, hoping for increases in efficiency and reductions in errors.
The tipping point is likely to come soon, based on three leading indicators: (1) a substantial growth (more than 16 percent) in U.S. healthcare IT spending, (2) government support for a nationwide healthcare information network in the United States, and (3) rising consumer demand for healthcare cost containment and quality improvement.
Although large healthcare practices prefer on-site/client-server-based EMR systems, Web-based EMR solutions are gaining popularity within the small practices and private physician offices.
The U.S. EMR market space is highly fragmented, comprising more than 1,000 players. In 2010, Chicago-based Allscripts emerged as a market leader, with a 15.7 percent market share in the physician office EMR market; whereas Westwood, Massachusetts-based Meditech led the hospital EMR segment, with an overall market share of 24.9 percent.
The new report, U.S. Electronic Medical Records (EMR) Market, 2010-2015 (Market Share, Winning Strategies and Adoption Trends), will offer market estimates and forecasts, insight on the key players, and opportunities for future growth.
For more information, visit the MarketResearch.com website.
Cheryl Kaften is an accomplished communicator who has written for consumer and corporate audiences. She has worked extensively for MasterCard Worldwide, Philip Morris USA (Altria), and KPMG, and has consulted for Estee Lauder and the Philadelphia Inquirer Newspapers. To read more of her articles, please visit her columnist page.Edited by
Carrie Schmelkin
