EMR Market Projected to Surpass $8.3B by 2016

The electronic medical record market is projected to grow to more than $8.3 billion by 2016, according to a Millennium Research Group news release.

MRG's report, "US Markets for Electronic Medical Records 2012," indicated that meaningful use incentive payments and penalties for not having EMRs will drive demand, leading to an average annual growth rate of 12 percent through 2016.  

Related Articles on Health IT and Market Growth:

Health IT Companies Raise $207M in Venture Capital in 3Q
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Report: Electronic Health Record Market Revenues Could Reach $6.5B in 2012

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