In 2014, the EMR market was valued at $24.9 billion, according to a Kalorama Information report.
Here are four things to know about the burgeoning EMR market.
1. Between 2012 and 2014, EMR sales grew 10 percent as more hospitals and providers acquired or updated EMR systems.
2. The EMR market is projected to reach $35.2 billion by 2019, largely due to continued (but slower) hospital adoption. Kalorama predicts current EMR users will upgrade systems to meet meaningful use stage 3 requirements.
3. Physician adoptions of EMRs is also growing and driving the market. The overall rate of office-based physician adoption of EMRs grew from 57.0 percent in 2011 to 81.4 percent in 2014, according to the report.
4. Key players in the EMR market include Allscripts, athenahealth, Cerner, eclinicalWorks, Epic, GE Healthcare, MEDITECH, NextGen and Practice Fusion, among others.
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