The EMR market is expected to grow its current $13.6 billion market share at a 10 percent compound annual growth rate through 2024, according to a Data Bridge Market Research report.
Here's what you should know:
1. Several factors are driving market growth including the rising need for integrated healthcare systems, technological advances and a desire among health systems to decrease spending.
2. The market could be hindered by cybersecurity and privacy concerns.
3. The two main market players are hospitals and ASCs.
4. North America currently leads the world in EMR adoption rate, and the region is expected to dominate the market through 2024.
5. Some major EMR manufactures are Cerner, Allscripts, eclinicalworks, athenahealth, McKesson, NextGen Healthcare Information Systems and Bizmatic among others.