Cleveland, OH, May 25, 2023 — US electronic health records (EHRs) revenues are forecast to rise 3.0% per annum in nominal dollars through 2027, according to Electronic Health Records: United States, a report recently released by Freedonia Focus Reports. EHR vendors will benefit from ongoing regulatory requirements and continued growth in medical services utilization, which will allow healthcare providers to install new EHR systems or replace older systems, and purchase ongoing hosting, maintenance, and support services. Medicare penalties for noncompliance with EHR “meaningful use” requirements will support implementation efforts by healthcare providers.
Faster growth will be constrained by the already completed installations over the historical period, as most hospitals and physicians have already implemented EHRs. In addition, the ongoing consolidation among hospitals and the merger of hospitals with physician practices will increase the negotiating power of many clients against vendors.
In 2023, revenues are projected to expand 3.2%, representing a slight uptick from the previous year. Faster growth will be constrained as 2022 levels already surpassed 2019 revenues, limiting prospects for rebound-fueled gains.
These and other key insights are featured in Electronic Health Records: United States. This report forecasts to 2023 and 2027 revenues for US electronic health records (EHRs) in nominal US dollars. Total revenues are segmented by provider in terms of:
- physician offices
- dentist offices
- other practitioner offices
- outpatient care centers
- laboratories and imaging centers
- home healthcare services
- private hospitals
- government hospitals
- nursing and residential care facilities
To illustrate historical trends, total revenues and the various segments are provided in annual series from 2015 to 2022.
EHRs represent the comprehensive aggregation of notes and results from all patient interactions with providers in the healthcare system. On the other hand, electronic medical records (EMRs) are the digitized versions of paper medical charts, representing notes and results from one healthcare provider. EMRs were the first step in creating EHRs and comprise the backbone of EHRs.
This report includes the results of a proprietary national online consumer survey of US adults (age 18+). This Freedonia Focus Reports National Online Consumer Survey has a sample size of approximately 1,500, screened for response quality, and representative of the US population on the demographic measures of age, gender, geographic region, race/ethnicity, household income, and the presence/absence of children in the household.
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Healthcare & Life Sciences reports can be purchased at Freedonia Focus Reports or MarketResearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study