Global Electronic Health Records
Market Report
2024
Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to cognitive market research, the global electronic health records market size was valued at USD xx billion in 2024 and is expected to reach USD xx billion at a CAGR of xx% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Electronic Health Records Market Sales Revenue 2020 | $ 29572.7 Million |
Global Electronic Health Records Market Sales Revenue 2030 | $ 57369.3 Million |
Global Electronic Health Records Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.64% |
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Market Split by Product |
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Market Split by Type |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Electronic Health Records Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An electronic health record (EHR), or electronic medical record (EMR), is the systematized collection of patient and population electronically-stored health information in a digital format. These documents are transferable across various healthcare facilities. Enterprise-wide information systems that are network-connected or other information networks and exchanges are used to share records. A variety of information may be found in electronic health records (EHRs), such as demographics, medical history, vaccination history, drug and allergy history, laboratory test results, radiological images, vital signs, personal statistics like age and weight, and billing data.
Additionally, data exchange between different healthcare venues, such as clinics, hospitals, and pharmacies, is made easier by electronic health records, or EHR. Processes are streamlined, mistakes are decreased, and redundancies are decreased because of interoperability. When you see a specialist, for example, they can more efficiently arrange your treatments and swiftly go over your medical history. Electronic Health Records (EHR) also help to increase patient involvement. By giving patients access to their medical information, such systems help them become more knowledgeable about their problems and take an active role in their treatment. One of the main concerns with electronic health records (EHRs) is data security.
Electronic health records have demonstrated their efficacy in managing data and maintaining population health throughout the global COVID-19 pandemic. The worldwide electronic health record industry is seeing daily growth in EHR service providers due to increased product research and development, particularly in the area of cloud storage technologies. varying degrees of software development and technology improvement in the healthcare industry. Furthermore, the market for electronic health records will expand due to the advent of artificial intelligence. Healthcare professionals' use of EHRs is being driven by the need for contemporary healthcare facilities. Among the fundamental components of an EHR are clinical record systems, lab, radiography, pharmacy, administrative duties, and computerized physician order entry.
• For instance, In May 2022, CPSI entered into a partnership agreement with Medicomp Systems to launch Quippe Clinical Lens. The new technology aims to empower EHR users with proper access to clinical information at PoC.
(Source:https://www.businesswire.com/news/home/20220519005390/en/CPSI-Pilots-Clinical-Lens-to-Ease-Provider-Data-Burdens )
Several governments throughout the world offer incentives to healthcare providers that implement EHR systems. Throughout the forecast period, financial incentives from governments are anticipated to propel the global market for electronic health records. Through the Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009, the US federal government promotes the widespread implementation of electronic health records (EHRs). CMS created the Medicare and Medicaid EHR incentive programs in 2011 to incentivize general practitioners (GPs), qualified hospitals, and physician offices/clinics to adopt, install, update, and demonstrate meaningful use of certified electronic health record technology (CEHRT). These initiatives are now known as the Medicare Interoperability Promotion Programme. The UK's Department of Health (DoH) has allotted over GBP 2 billion in funding as part of the NHS Digitization plan to support electronic patient records in all NHS trusts and assist over 500,000 individuals in using digital tools to manage their own homes by 2022.
(Source:https://www.gov.uk/government/publications/a-plan-for-digital-health-and-social-care/a-plan-for-digital-health-and-social-care )
• For instance, in 2021, the Government of India launched a digital health initiative scheme called Ayushman Bharat Digital Mission (ABDM) that aims to provide easy access to treatment records, thereby enabling faster and more effective treatment for patients.
(Source:https://www.india.gov.in/spotlight/ayushman-bharat-digital-mission-abdm )
Hackers can target any hardware or software-driven system. EHR systems are not impervious to data risks or cyberattacks, either. Targeting specific data sectors might result in patient privacy breaches since healthcare systems worldwide view patient healthcare information as one of their most vital assets. The market's expansion would be hampered by this worry about security and data risks. The industry's participants, which include insurance firms, hospitals, and clinics, are very concerned about data safety and privacy in light of the rise in cyberattacks. The increasing integration of data-generating devices into healthcare systems, along with the increased availability of data in a centralized location from hospitals and health insurance firms, has made patient data and healthcare organizational information more susceptible to cyberattacks.
Healthcare organizations have been under a great deal of strain since the start of 2020 due to the COVID-19 expansion. The pandemic has adversely affected the income of significant market rivals since certain client purchasing choices and projects have been postponed to concentrate on treating patients, obtaining necessary medical supplies, and managing their organizations during this crisis. Additionally, businesses such as Allscripts have observed delays in professional services installations throughout their inpatient and outpatient bases, as well as delays in upfront software revenue.
The market will be substantially driven by the integration of artificial intelligence in electronic health record solutions. Doctors and specialists have already been using artificial intelligence to help them identify past patterns and diagnose patients' conditions. Furthermore, several companies are emphasizing the concept of employing speech recognition technology to add artificial intelligence to electronic health records. For example, a doctor can use an EHR solution with speech capabilities to comprehend and review the patient's most recent medical record. The patient's health status and if they are within a healthy range would be sent to the professional via the technology. Only a small number of businesses have begun to work on using this kind of technology.
• For instance, All Scripts along with Northwell Health announced an innovative agreement to create the next-generation electronic health records. The launch of these artificial intelligence-based electronic health records will strongly support revenue generation and thereby, augment market growth.
(Source:https://www.healthcarefinancenews.com/news/northwell-selects-epic-integrates-its-electronic-health-records )
• For instance, In April 2023, Microsoft announced an expansion of its strategic partnership with Epic for the development and integration of generative AI into healthcare, through the combination of Epic’s advanced electronic health record software and the scale of Microsoft’s Azure OpenAI Service. The resulting generative AI solutions would help enhance patient care, increase productivity, and improve the financial integrity of health systems worldwide.
(Source:https://news.microsoft.com/2023/04/17/microsoft-and-epic-expand-strategic-collaboration-with-integration-of-azure-openai-service/ )
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Major market participants who are essential in determining consumer preferences and market dynamics have a major impact on the electronic health records market. These major players provide consumers with easy access to a vast array of wardrobe options through their extensive retail networks and online platforms. Product adoption has increased as a result of their strong worldwide presence and well-known brand, which has also increased consumer trust and loyalty. In addition, these industry titans never stop funding R&D, bringing cutting-edge styles, materials, and practical features to clothing wardrobes to meet changing customer demands and preferences. These big players' combined efforts have a big impact on the market's future direction and level of competition.
Top Companies Market Share in Electronic Health Records Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Globally, North America is estimated to hold the highest global Electronic Health Records market share. Government efforts and the presence of major market participants are the key drivers of this boom phase. Companies in the market are introducing cutting-edge software and combining it with cutting-edge technology to increase product consumption in the North American area. Several variables, such as the growing need for interoperability across various EHR systems, regulatory requirements, and the growing need for better healthcare technology, are driving competition in the U.S. Several variables, such as the growing need for interoperability across various EHR systems, regulatory requirements, and the growing need for better healthcare technology, are driving competition in the U.S. EHR industry. In the United States, a wide range of businesses, including well-known, sizable firms like Epic Systems, NextGen Healthcare eClinicalWorks, Cerner Corporation, and Allscripts, provide EHR systems. These businesses compete based on features including customer service, pricing, system usability, and convenience of use.
Europe's electronic health record accounted for the second largest market share in 2024, due to the existence of developed economies, which are anticipated to drive the European EHR market throughout the projected decade. By giving consumers and businesses access to online services and goods throughout Europe, the European Commission's Digital Single Market Strategy creates the conditions for the expansion of the digital network and related services. EHRs are being adopted by European nations to enhance healthcare as investments and innovation in this field pick up speed. Revenue from regional markets will increase as a result of increased initiatives to advance EHR development and growing legislation aimed at implementing electronic health record systems on a national scale.
The current report Scope analyzes Electronic Health Records Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Electronic Health Records Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electronic Health Records Industry growth. Electronic Health Records market has been segmented with the help of its Product , Type End Use, and others. Electronic Health Records market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The cloud-based EHR segment led the market and accounted for more than xx% share of the global revenue in 2024. Their popularity among smaller-scale healthcare providers, such as doctors, is responsible for this market share. This can be ascribed to the growing acceptance and appeal of cloud-based electronic health records among physicians and other small-scale healthcare providers worldwide. Because cloud-based electronic health records may be customized and changed to meet specific needs, there is a greater demand for them. This is because web-based EHRs may be implemented without the need for internal servers and can provide significant customizations and enhancements based on the needs. Beyond security, cloud-based EHR benefits include streamlined workflows, immediate scalability, lower expenses, and enhanced data exchange with security measures.
• For instance, In January 2022, Health Information Management Systems, launched AxiaGram, a mobile communication care app, which can seamlessly work with an existing EHR platform. The company expanded its product portfolio with this.
(Source:https://www.ehrinpractice.com/axiagram-ehr-mobile-communication-app.html )
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Electronic Health Records Industry. Request a Free Sample PDF!
Based on type, the market is classified into acute EHR, ambulatory EHR, and post-acute EHR. The acute EHR segment held the largest market share in 2024. The surge in EHR use in small-scale facilities can be ascribed to government initiatives. For example, the Medicare incentive payment system is available to acute care hospitals in the United States that are covered by the inpatient prospective payment system (IPPS). Medicare incentive payment system (IPPS) is available to acute care hospitals in the US that are covered by the Inpatient Prospective Payment System, for instance. Patient data is generated via electronic health records for acute care, which can include comprehensive clinical facts. These particulars might be utilized in a variety of settings, including the operating room, ICU, emergency department, and inpatient unit.
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Based on end-use, the market is classified into hospitals and ambulatory care. The hospitals segment held the largest market share in 2024. The substantial volume of medical data produced in hospitals is the reason for the rise. Additionally, hospitals incur lower installation costs for EHRs than ambulatory care facilities, which further contributes to the market's expansion. This is explained by the rise in hospital admissions, which produces a massive volume of data. Electronic health record systems are ideal for meeting the demand for safe data storage. Over the course of the projection period, the growing number of private hospitals around the world is anticipated to fuel this segment's expansion even more. They also save time for major hospitals, which further stimulates the sector. Due to factors including deployment convenience, the market is also anticipated to develop as electronic health records become more widely used in small and midsized institutions.
• For instance, In June 2023, CPSI and the MidCoast Health System expanded their four-year partnership, through the implementation of CPSI’s EHR, accounts receivables services, and IT-managed services at the ‘Crockett Medical Center’s critical access hospital in Texas. Other MidCoast Health System hospitals to successfully implement CPSI healthcare solutions in recent years include the El Campo Memorial Hospital and the Palacios Community Medical Center, among others.
(Source:https://investors.trubridge.com/news/texas-health-system-selects-cpsi-saas-offering-ntrust/b32c73a9-f251-47db-a8ed-a151a1ad2d40/ )
Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
An electronic health record (EHR), or electronic medical record (EMR), is the systematized collection of patient and population electronically-stored health information in a digital format. The substantial volume of medical data produced in hospitals is the reason for the rise. Additionally, hospitals incur lower installation costs for EHRs than ambulatory care facilities, which further contributes to the market's expansion. This is because web-based EHRs may be implemented without the need for internal servers and can provide significant customizations and enhancements based on the needs.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
• In May 2023, MEDITECH announced an agreement with Canada Health Infoway to connect with the latter’s e-prescribing service ‘PrescribeIT’. This agreement would allow prescribers in Canada to electronically transmit a prescription directly from MEDITECH’s Expanse EHR to the patient’s preferred choice of pharmacy. The functionality would allow ease of creation of new prescriptions, allow existing prescription renewal, and also cancel prescription requests.
• In February 2023, Oracle Cerner announced that the province of Nova Scotia, in partnership with Nova Scotia Health Authority (NSHA) and IWK Health (IWK), had signed a 10-year agreement for implementing an integrated electronic care record in the entire province. Known in Nova Scotia as “One Person One Record”, it is intended to provide clinicians easier access to real-time health information and allow healthcare workers to spend more time with their patients.
(Source:https://www.oracle.com/news/announcement/nova-scotia-and-oracle-cerner-begin-a-new-era-in-healthcare-2023-02-01/ )
Disclaimer:
Product | On-Premise Software, Cloud-Based Software |
Type | Inpatient HER, Ambulatory HER |
End Use | Hospitals, Clinics, Specialty Centers |
List of Competitors | Cerner Corp., Epic Systems Corp., Allscripts Healthcare LLC, GE Healthcare, NextGen Healthcare Inc., HMS, DXC Technology Company, CPSI, AdvancedMD Inc., eClinicalWorks, Medical Information Technology Inc. |
This chapter will help you gain GLOBAL Market Analysis of Electronic Health Records. Further deep in this chapter, you will be able to review Global Electronic Health Records Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2019 -2031
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Chapter 11 Market Split by Type Analysis 2019 -2031
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Chapter 12 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electronic Health Records market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why On-Premise Software have a significant impact on Electronic Health Records market? |
What are the key factors affecting the On-Premise Software and Cloud-Based Software of Electronic Health Records Market? |
What is the CAGR/Growth Rate of Inpatient HER during the forecast period? |
By type, which segment accounted for largest share of the global Electronic Health Records Market? |
Which region is expected to dominate the global Electronic Health Records Market within the forecast period? |
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