The U.S. market for electronic health records is expected to reach about $6 billion by 2015, up from about $2.2 billion in 2009, according to a report from research and consulting firm MarketsandMarkets.
The market is predicted to grow at an estimated compound annual growth rate of 18.1 percent during the forecast period 2010-2015. The rising demand for the health care cost containment and need to improve the quality of health care service are driving the growth of the EHR market in the U.S., the report says.
There are more than 1,000 EHR vendors in the market. In 2010, Allscripts was a market leader with 15.7 percent market share in the EHR market for physician offices, while Meditech led the hospital EMR segment with an overall share of 24.9 percent.
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