Study: EMR market should grow 14 percent annually through 2012

A new study from research firm Kalorama Information projects that the EMR market will grow 14.1 percent each year over the next few years, up from $9.5 billion in 2007. Kalorama is predicting that the growth of the personal health record niche will have a big impact on the uptake of EMRs and on healthcare in general.

The report notes that the industry is gradually beginning to expect medical records to be shared between patients and providers. Consumer demand for this access is beginning to force greater use of electronic medical record technology, researchers said.

According to the firm, there were 787,000 office-based physicians and 5,708 hospitals in the U.S. as of 2007. Total implementation costs for the coming EMR rollouts should be between $68 billion and $255 billion, Kalorama researchers said.

To learn more about the study:
- read this Healthcare IT News piece [1]

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HIMSS report: $25 billion stimulus needed to help speed EMR adoption [2]
Adoption of PHRs could save up to $21 billion annually [3]
HIMSS objects to parts of Stark health IT bill [4]
HIMSS names four global EMR implementation trends [5]