Global EHR Market Estimated To Reach $22.3B by End of 2015, Report

During the HIMSS14 conference, Accenture released its report containing forecast for the global EHR market through the year 2015. According to the report, the worldwide EHR industry is expected to reach $22.3 billion by the end of 2015

By the end of next year, the global EHR market report hints at peaking over $22 billion, according to Accenture. Undoubtedly, U.S. is expected to grab an estimated $10.1 billion (or 47 percent) of the market. The survey was conducted in the following 10 countries:

  • Australia;
  • Brazil;
  • Canada;
  • France;
  • Germany;
  • Japan;
  • The Nordics;
  • Spain;
  • The United Kingdom; and
  • The U.S. ———-> Read more [@HealthITplus]

https://i1.wp.com/newsroom.accenture.com/images/20020/EMR%20Market%20Chart%201.jpg

The report also found that the EHR market is expected to grow at an average of 5.5% through 2015.

Specifically, by the end of 2015 EHR markets will grow to a projected:

  • $4 billion in the Asia-Pacific region;
  • $7.1 billion in Europe, the Middle East and Africa; and
  • $11.1 billion in the Americas

According to the report, the U.S. EHR market is expected to remain the largest in the world, growing by 7.1% annually to $9.3 billion by 2015 (Clinical Innovation & Technology, 3/3).

Also see: Global mHealth Market Expected To Reach USD 49 Billion by 2020; New Market Research Reports

The report noted that the biggest drivers of U.S. EHR market growth are:

  • Consolidation; and
  • Meaningful use attestation.

“Our research is clear that EHR growth may have slowed, but the market has nowhere to go but up,” said Kaveh Safavi, Accenture Health’s global managing director, in a written statement. “To be effective, EHR platforms must leverage newer technologies, such as analytics and mobility, to adapt to the changing needs of patient populations and better connect physicians and patients. As health systems gain more experience in meeting these goals, market growth for EHR will follow.”

This post originally appeared on Health Data Management

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