Electronic Medical Records Systems in the US - Industry Market Research Report

On the Record: Regulation Regarding Medical Records Will Continue to Drive Growth

The industry has experienced steady growth over the past five years, with revenue growing at a CAGR of 3.8% to $12.5 billion in 2023. This includes a 1.0% increase in revenue in 2023 alone. One of the key drivers of growth is technological improvements in EMR systems. For example, EMR providers have increasingly focused on features that enable a seamless exchange of patient information between different EMR systems. Advancements in the cloud and mobile technology have also benefited this industry. On the other hand, market saturation has been gradually approaching its peak, especially in the hospital segment, encouraging EMR providers to search for new sources of revenue. This industry provides electronic medical records (EMR) and electronic health records (EHR) services. EMR and EHR systems are digital replacements for traditional paper and file medical records systems used by hospitals, physician practices, urgent care centers and ambulance services. This industry does not include the provision of medical care. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.