Report: EMR Vendor Revenues to Decline Due to Market Saturation

The electronic medical record market saw significant growth in 2012 due to government incentive programs. However, the EMR market has now become saturated and will begin to see falling revenues, according to a report form Millennium Research Group.

"Most large facilities have already adopted these systems because they had the necessary capital and information technology resources to accommodate EMR implementation early on," said Mickel Phung, a senior analyst at MRG, in the report. "As a result, most system purchases through 2022 will consist of replacement sales and purchases made by smaller facilities that previously could not afford the systems."

An opportunity remains for vendors of Web-based EMR systems, which are ideal for smaller facilities and physician practices, according to the report.

More Articles on EMRs:

Survey: 41% of Patients Would Switch Physicians to Gain Online Access to EMRs
VA Researchers Use EMRs, Natural Language Processing to Identify Suicide Risks
How UPMC is Harnessing the Power of Big Data

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