EMR Market Surpasses $23 Billion

Bernie Monegain | Healthcare IT News | April 29, 2014

Government incentives a key driver

The global market for electronic medical records has shot up to $23.2 billion in 2013, according to a new report from research firm Kalorama: EMR 2014: The Market for Electronic Medical Records.

Government incentives and the increasing use of electronic medical records for quality of care and cost-saving reasons continue to drive the market, researchers found. They also noted that upgrading is also a factor in the booming market, in addition to new purchases.

“We think adoption and upgrading activities will still be stimulating growth in 2014-2018," said Mary Ann Crandall, Kalorama analyst and the author of the report, in a press statement. "As new systems are sold, companies will still earn revenues from existing clients in servicing and consulting services."