Kalorama's forecast assumes the trend of adoption will continue to move forward, although slowing; hospital EMR adoption will supersede doctors EMR adoption. It is anticipated that current EMR owners will upgrade and train on systems, and that the threat of penalties will force doctors and hospitals to make upgrade decisions. The following conclusions are listed in the report:
The market for EMR systems continues to grow but at a slower rate, as more physicians and hospitals use EMR and acquire EMR systems, and as hospitals and physician groups upgrade existing systems.
Mergers and acquisitions are impacting industry in a big way. According to industry experts, the number of mergers and acquisitions has increased 15 percent over the past year with private equity firms gathering the lion's share of deals.
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Smaller and mid-size companies gained some share from giants. Epic systems made slight share gains. McKesson decided to exit the EHR health IT business. It sold its outpatient EHR to eMDs and Allscripts bought part of the Enterprise Information Solutions business unit that includes the Paragon EHR system. The remaining EHR IT business was folded into the new Change Healthcare.
Artificial intelligence in healthcare is an exciting new prospect gaining attention and many feel that it is the future of healthcare. Future prospects include health assistance and medication management, precision medicine applications, drug creation, and helping people make healthier choices and decisions.
In terms of growth, the ride is not over. Expect growth this year and next (5-10%) and stable growth until 2022. Eventually, there will be market saturation, but this is a bit of a way off, especially in emerging markets.
Kalorama's complete report is available at: https://www.kaloramainformation.com/EMR-Electronic-Medical-Records-Physician-Hospital-EHR-Geographic-Regions-Trends-Issues-11633681/.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services.
SOURCE Kalorama Information
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