Increase in Competition Fast-tracking Growth of the EMR/EHR Market in the US: Technavio Report

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  • The key vendors in the EMR/EHR market in US are Allscripts Healthcare Solutions Inc., Cerner Corp., eClinicalWorks, Epic Systems Corp., McKesson Corp. and Medical Information Technology Inc. (MEDITECH).

London, 08 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the EMR/EHR market in the US 2015-2019. One of the latest trends emerging in the market is the increase in competition with over 400 providers. Companies are offering high-quality solution packages to private practices and hospitals to withstand this competition and maintain their positions in the market. The EMR/EHR market in the US is expected to grow at a CAGR of 6.53% during the forecast period 2014-2019.

Improved healthcare standards and sophisticated treatment options have led to an increase in life expectancy, leading to an increase in the aging population. EMR/EHR systems deliver quick, high-level patient care and foster better communication among healthcare facilities.

“The healthcare industry in the US is one of the biggest industrial sectors and is expected to grow further because of recent advances in medical technology. Advances in EMR/EHR technology enable quick access to information and services,” says Faisal Ghaus, Vice President of Technavio Research.

“New technologies that are mobile and analytics friendly help healthcare providers adapt to the changing needs of their patients and foster better two-way communication between providers and patients.”

To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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