According to a market research firm, despite an upsurge in 2012, the US market for electronic medical records (EMR) systems will shrink in overall revenues because of market saturation. Due to a variety of incentives, EMR will have been widely adopted by 2015 thanks to the threat of Medicare penalties.
“Most large facilities have already adopted these systems because they had the necessary capital and information technology (IT) resources to accommodate EMR implementation early on,” said Millennium Research Group Senior Analyst Mickel Phung. “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.”
Current market leaders include Epic Systems, Cerner and Allscripts, which each have a presence in both the acute and ambulatory EMR segments.
More information on the “US Markets for Electronic Medical Records 2013” report is available on the Millennium Research Group website.