Report: EMR, patient-monitoring market to jump to $1.6B by 2013
According to a report from market research firm Kalorama Information, the market for EMR data transfer equipment and applications is forecast to reach $1.6 billion in 2013, due in large part to President Barack Obama's support for increased usage of EMR and other high-tech patient monitoring systems.
The report, "High-Tech Patient Monitoring Systems Markets (Remote and Wireless Systems, Data Processing, EMR Data Transfer," said that the market for EMR data-transfer equipment and applications was valued at $575 million in 2008.
Patient monitoring produces a vast amount of data, but this data can be disjointed and located in different places. Driven by the growing use of EMR in hospitals and physician offices, this segment of the patient monitoring market will grow 23.3 percent annually through 2013, Kalorama reported. Home healthcare agencies and nursing homes have been slower to adopt EMR systems due in part to the high cost of implementation.
"While the idea is admirable and achievable in the future, there are significant hurdles at present," said Bruce Carlson, publisher of Kalorama. "EMRs must be accessible to healthcare providers, but also be secure. Security and privacy concerns, a lack of fully adopted standards, problems with inputting old patient data, competition between healthcare providers who may not want data shared with rivals, and significant implementation costs are all hindering progress."
The report, "High-Tech Patient Monitoring Systems Markets (Remote and Wireless Systems, Data Processing, EMR Data Transfer," said that the market for EMR data-transfer equipment and applications was valued at $575 million in 2008.
Patient monitoring produces a vast amount of data, but this data can be disjointed and located in different places. Driven by the growing use of EMR in hospitals and physician offices, this segment of the patient monitoring market will grow 23.3 percent annually through 2013, Kalorama reported. Home healthcare agencies and nursing homes have been slower to adopt EMR systems due in part to the high cost of implementation.
"While the idea is admirable and achievable in the future, there are significant hurdles at present," said Bruce Carlson, publisher of Kalorama. "EMRs must be accessible to healthcare providers, but also be secure. Security and privacy concerns, a lack of fully adopted standards, problems with inputting old patient data, competition between healthcare providers who may not want data shared with rivals, and significant implementation costs are all hindering progress."