SOURCE: MarketResearch.com

MarketResearch.com

June 21, 2011 08:08 ET

North American Electronic Health Records Market to Grow 15.7% Annually Through 2014

ROCKVILLE, MD--(Marketwire - Jun 21, 2011) - MarketResearch.com has announced the addition of the new report "North America Electronic Health Records Market 2010-2014," to their collection of Information Technology market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6417539

The Electronic Health Records market is expected to grow at a CAGR of 15.7 percent. This report, which focuses exclusively on North America indicates that the market is currently driven by the increased support provided by the Government through the stimulus bill. "In 2009, the Government of the United States approved the American Recovery and Reinvestment Act under which the Health Information Technology for Economic and Clinical Health (HITECH) Act was passed. This stimulus bill provided guidelines to a number of opportunities to implement health information technology systems within the healthcare sector. The Act mandates that all healthcare providers are required to install electronic health records systems by 2015. This has provided a major boost for the market," reports an analyst.

In spite of the need, the lack of healthcare IT standards hinders the growth of this market. However, the significant cost savings these electronic records could bring is encouraging adoption. The Electronic Health Records market is marked by significant consolidation of vendors. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.

The report, North America Electronic Health Records Market 2010-2014, is based on extensive research from inputs by industry experts, vendors and end-users. It examines the factors -- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis. Companies mentioned in this report include: Meditech Inc., McKesson Corporation, Cerner Corporation, Siemens Healthcare and Epic Systems.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6417539

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