Report: EMR market to hit $6 billion by 2015
The U.S. EMR market is expected to reach $6 billion by 2015, according to market research company MarketsandMarkets.
The “U.S. Electronic Medical Records (EMR) Market, 2010-2015 (Market Share, Winning Strategies and Adoption Trends)” analyzed the EMR market by end users, components and applications, and studies the major market drivers, restraints and opportunities for the EMR, according to the Dallas-based MarketsandMarkets.
The rising demand for the healthcare cost containment and need to improve the quality of healthcare service are driving the growth of the EMR market in the U.S, the report stated. “The U.S. EMR market is expected to grow from $2.1 billion in 2009 to $6 billion in 2015 at an estimated CAGR of 18.1 percent during the forecast period 2010-2015.”
At present, the market players are focusing on development of interoperable EMR tools, the researcher remarked. “Many of the companies have taken route of agreements and partnerships to pull technical expertise and achieve their objective. Lowering the cost of EMR implementation is another burning issue within the industry which has driven growth of web-based EMR solutions within the industry.”
“Though the client-server based EMRs formed approximately 76 percent of the EMR software market in 2009, web-based EMRs are gaining greater popularity within the smaller healthcare practices and expected to gain higher market share by 2015.”
The U.S. EMR market space is highly fragmented with more than 1,000 players, the report concluded. In 2010, Allscripts emerged as a market leader with 15.7 percent market share in the physician office EMR market; whereas Meditech led the hospital EMR segment with an overall market share of 24.9 percent.
The “U.S. Electronic Medical Records (EMR) Market, 2010-2015 (Market Share, Winning Strategies and Adoption Trends)” analyzed the EMR market by end users, components and applications, and studies the major market drivers, restraints and opportunities for the EMR, according to the Dallas-based MarketsandMarkets.
The rising demand for the healthcare cost containment and need to improve the quality of healthcare service are driving the growth of the EMR market in the U.S, the report stated. “The U.S. EMR market is expected to grow from $2.1 billion in 2009 to $6 billion in 2015 at an estimated CAGR of 18.1 percent during the forecast period 2010-2015.”
At present, the market players are focusing on development of interoperable EMR tools, the researcher remarked. “Many of the companies have taken route of agreements and partnerships to pull technical expertise and achieve their objective. Lowering the cost of EMR implementation is another burning issue within the industry which has driven growth of web-based EMR solutions within the industry.”
“Though the client-server based EMRs formed approximately 76 percent of the EMR software market in 2009, web-based EMRs are gaining greater popularity within the smaller healthcare practices and expected to gain higher market share by 2015.”
The U.S. EMR market space is highly fragmented with more than 1,000 players, the report concluded. In 2010, Allscripts emerged as a market leader with 15.7 percent market share in the physician office EMR market; whereas Meditech led the hospital EMR segment with an overall market share of 24.9 percent.