• by Bruce Carlson
  • May 21 2018

EHR - Nearing 30 Billion in Revenue

EHR - Nearing 30 Billion in Revenue

The market for EMR was $29.7 billion in 2017, and it is expected to rise to $39.7 billion by 2022.  We report on the industry each year, and includes revenues for EMR/EHR systems, CPOE systems, and directly related services such as installation, training, servicing, and consulting which are key profit areas for companies.   We published our latest report, EMR 2018, this month.

The electronic medical record (EMR) is a computer-based patient medical record. Over the last 30 years, medical institutions have encouraged the shift towards computerization to help manage patient information. However, the early medical information systems were not integrated. During the late 1980s, efforts were made to transform these individual laboratory computers into integrated clinical information systems. This meant that information pertaining to the patient's test results, including blood chemistry, microbiology, radiology, biopsy reports, etc., could be retrieved from a single terminal. Later, healthcare providers began incorporating parts of the clinical narrative by employing transcription services. Surgical operative notes, discharge notes, summary of the patient's medical problems, and lists of their current medications started appearing in the clinical information system.

There is a wide range of different market sizes in the EMR market.  Kalorama includes all aspects of EMR, where some other estimates only include software costs.  Software costs are an important component of competitive revenues in EMR, but don't tell the whole story.   In EMR 2018, the market is broken out between physician and hosptial EMR markets, which can be very different.  We also look at small hospital and big system revenues, which can yield different results.  

We published our first study in 2007.  Since that time, our research study is trusted by vendors and is often a source for news media outlets.  A number of media outlets have utilized Kalorama's analysis in their coverage of the EMR market:

Healthcare Informatics

EHR Market Shifting

Healthcare IT News
Cerner Has Almost Double EHR Global Market Share

Health Data Management

EMR Market Revenues Approach 30BN

Becker's Hospital Review
Cerner Leads EHR Market; Epic Ranks 3rd

Health Exec
Global EHR Market Expected to Hit Nearly 40BN by 2022