Report: U.S. EMR market will top $5B by 2015
The market for electronic medical record (EMR) systems will exceed $5.4 billion in North America and $1.4 billion in Europe by 2015, according to a new report by Global Industry Analysts, a San Jose, Calif., market research firm.
The report, titled "Electronic Medical Record Systems: A North American and European Market Report," analyzed market data and sales for regions including North America and Europe. It cited "prolific opportunities" for EMR adoption in markets such as physician practices, and found that inpatient centers continue to adopt EMRs and digitize relevant areas.
"Though the operating costs are high and continue to increase, providers are sizing up their portfolio for better positioning in the future," the study stated.
North America and Europe dominate the global EMR systems market, according to the GIA report. The main factors that are contributing to the adoption of EMR systems include effective management of medication process, substantial clinical improvement, minimization of staff and extraction of detailed data. Although cost is the major constraint for healthcare centers in adopting EMRs, the ultimate reduction in costs is likely to drive the demand for EMR systems in future.
Key players named in the report include Agfa-Gevaert, Cerner, Eclipsys, Epic Systems, GE Healthcare, Hewlett Packard, iSoft Group, McKesson, MDS Medical Software, MedPlus, Medical Information Technology, Medasys SA, Nexus AG, QuadraMed and Siemens Medical Solutions, among others.
The report, titled "Electronic Medical Record Systems: A North American and European Market Report," analyzed market data and sales for regions including North America and Europe. It cited "prolific opportunities" for EMR adoption in markets such as physician practices, and found that inpatient centers continue to adopt EMRs and digitize relevant areas.
"Though the operating costs are high and continue to increase, providers are sizing up their portfolio for better positioning in the future," the study stated.
North America and Europe dominate the global EMR systems market, according to the GIA report. The main factors that are contributing to the adoption of EMR systems include effective management of medication process, substantial clinical improvement, minimization of staff and extraction of detailed data. Although cost is the major constraint for healthcare centers in adopting EMRs, the ultimate reduction in costs is likely to drive the demand for EMR systems in future.
Key players named in the report include Agfa-Gevaert, Cerner, Eclipsys, Epic Systems, GE Healthcare, Hewlett Packard, iSoft Group, McKesson, MDS Medical Software, MedPlus, Medical Information Technology, Medasys SA, Nexus AG, QuadraMed and Siemens Medical Solutions, among others.