$19.4bn
$X.Xbn
33,240
234
$X.Xbn
Adoption of electronic medical record (EMR) systems has proliferated in healthcare settings over the past decade. Federal funding and legislation requiring the uptake of EMR systems in recent years have led more than 96.0% of hospitals and physicians to go digital as of 2023, compared to less than 10.0% in 2010. An evolving healthcare landscape is enhancing the role of EMR providers in the health sector. While demographic and economic factors drive the use of EMRs, valuable cost-savings, security and coordination show the strength of digital records over paper-based ones. In all, industry-wide revenue has been falling at a CAGR of 0.7% over the past five years – totaling an estimated $19.4 billion in 2024 – when revenue will increase an expected 3.4%.
Industry revenue has declined at a CAGR of 0.7 % over the past five years, to reach an estimated $19.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Epic Systems Corporation | 3,065.9 | 181.2 | 5.9 | |
Cerner Corporation | 2,151.0 | 298.3 | 13.9 | |
Allscripts Healthcare Solutions, Inc. | 1,275.1 | -113.0 | -8.9 |
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Industry revenue is measured across several distinct product and services lines, including Comprehensive EMRs, Basic EMR with clinician notes and Basic without clinician notes . Comprehensive EMRs is the largest segment of the Electronic Medical Records Systems in the US.
Basic EMRs with clinician notes have lost their market share to comprehensive EMRs
This industry includes companies that develop electronic medical records (EMR) and health records (EHR) systems. EMR and EHR systems are digital replacements for traditional paper and file medical records systems used by healthcare providers.
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NAICS 54138 - Electronic Medical Records Systems in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Electronic health records have become a fixture of a more digital healthcare environment. More health systems than ever rely on an EHR system for their valuable improvements ...
Learn about an industry's products and services, markets and trends in international trade.
Basic EMRs without clinician notes have lost their market share to basic EMRs with clinical notes. Strong competition from EMRs with clinical notes and comprehensive EMRs has...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Electronic medical record vendors are attracted to California’s Silicon Valley. EMR vendors benefit from the area’s access to leading tech universities, skilled tech workforc...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Low turnover rates for EMR systems stifle competition. Deploying a new EMR system can cost a health system millions of dollars and create disruptions, disincentivizing health...
Learn about the performance of the top companies in the industry.
Epic Systems is a leading EMR vendor. Epic is synonymous with healthcare providers for its electronic medical record software, with the company introducing new tech advances ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Federal regulations have led EMR adoption to explode in the past decade. The HITECH Act led the share of hospitals with an EMR system to jump from less than 10% to north of 9...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit is affected by competition, technological change and government regulations. Over the past five years, profit has been negatively affected by rising competition.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Electronic Medical Records Systems in the US industry in United States is $19.4bn in 2024.
There are 234 businesses in the Electronic Medical Records Systems in the US industry in United States, which has declined at a CAGR of 10.2 % between 2019 and 2024.
The market size of the Electronic Medical Records Systems in the US industry in United States has been declining at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Electronic Medical Records Systems in the US industry in United States is expected to grow.
The biggest companies operating in the Electronic Medical Records Systems market in United States are Epic Systems Corporation, Cerner Corporation and Allscripts Healthcare Solutions, Inc.
Developing and providing electronic medical and health records for ambulatory care facilities and Developing and providing electronic medical and health records for hospitals and other inpatient settings are part of the Electronic Medical Records Systems in the US industry.
The company holding the most market share in United States is Epic Systems Corporation.
The level of competition is high and increasing in the Electronic Medical Records Systems in the US industry in United States.