Still no one EMR leader
Smaller electronic medical record companies are giving bigger firms a run for their money as the market continues to grow, according to a recent report from Kalorama Information.
The worldwide EMR industry reached a staggering $23.2 billion in 2013, according to Kalorama’s “EMR 2014: The Market for Electronic Medical Records.” That number is only going to go up in the coming years as hospitals and practices seek to evolve their systems’ capabilities.
“We think adoption and upgrading activities will still be stimulating growth in 2014-2018,” said the report’s author, Kalorama analyst Mary Ann Crandall in a press statement upon its release this past month. “As new systems are sold, companies will still earn revenues from existing clients in servicing and consulting services.”
Meanwhile, the market seeing a shift, somewhat, as established giants duke it out and smaller system vendors find their niches.
Read more: HIEWatch