$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 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Electronic Medical Records Systems in the US
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.
Purchase this report to view all 3 major companies in this industry.
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:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
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.