Electronic Health Records Market – Size, Analysis, Forecast & Competition Benchmarking
Overview
Report Segment | Healthcare | Report ID – HGRI4655
Electronic Health Records Market Overview:
The market for Electronic Health Records was valued at XX Bn USD in the year 2023 and expected to reach XX Bn by the year 2030. The CAGR for the market is XX% during the period 2024 -2030.
The Electronic Health Records (EHR) market is a dynamic sector focused on the adoption and utilisation of digital systems that enable healthcare providers to store, manage, and share patient health information electronically. EHRs represent a significant advancement over traditional paper records, providing a comprehensive, real-time view of a patient’s medical history, medications, allergies, test results, and treatment plans. This digital transformation enhances the efficiency of healthcare delivery, as providers can access and update patient data quickly, leading to improved decision-making and patient outcomes.
The market is driven by several factors, including government initiatives promoting the adoption of EHR systems, such as incentives under the Health Information Technology for Economic and Clinical Health (HITECH) Act, as well as the growing emphasis on patient safety and care quality. Additionally, the increasing demand for telehealth services and remote patient monitoring solutions, especially accelerated by the COVID-19 pandemic, has further propelled the EHR market. The integration of advanced technologies like artificial intelligence and data analytics into EHR systems is also enhancing their functionality, allowing for predictive analytics and personalised patient care.
Market Dynamics
Electronic Health Records Market Growth Indicators:
- Regulatory Incentives and Government Initiatives
- Increasing Demand for Efficient Healthcare Delivery
- Rising Focus on Data Security and Patient Privacy
- Growing Adoption of Telehealth Services
Growing Adoption of Telehealth Services
The need for integrated Electronic Health Records (EHR) systems is being driven by the growing adoption of telehealth services brought about by the increasing usage of telehealth services. By increasing accessibility and enabling patients, particularly those living in underserved or rural areas, to consult healthcare practitioners from home, telehealth improves patient happiness and participation. EHR systems need to include features that make it easier to document virtual visits smoothly as telehealth grows more popular. This will allow medical professionals to keep a complete picture of their patients’ health. By supporting data analytics and remote monitoring, this connection enables proactive care management based on real-time health data from mobile apps and wearable technology.
Market Segments
Electronic Health Records Market Report Segments Overview:
Type Segment Overview:
On the basis of Type, the market is categorised into General EHR Systems and Specialised EHR Systems.Specialized EHR systems are expected to increase at the quickest rate because of their features that are specifically designed to meet the needs of medical specialties like cardiology, oncology, paediatrics, and behavioural health. Clinical results and operational efficiency are enhanced by these systems’ features and workflows that cater to the distinct requirements of different specialties, as healthcare becomes more focused on individualised and specialist care.Furthermore, healthcare providers are adopting specialised EHRs that may better handle patient data and enable specialised care due to the increased frequency of chronic diseases and the demand for tailored treatment alternatives. This market is growing due in part to incentive schemes and regulatory requirements that support high-quality reporting in particular fields.
Product Segment Overview:
On the basis of Product, the market is categorised into On-premises and Web & Cloud-Based EHR.The web and cloud-based EHR segment is expected to grow the fastest due to several key factors. First off, cloud-based solutions improve accessibility by enabling medical professionals to view patient data from any location with an internet connection—a feature that is becoming more and more crucial for remote and hybrid healthcare models. These systems are also more appealing to small and mid-sized firms because they usually involve smaller upfront expenditures and fewer investments in IT infrastructure.Additionally, because cloud-based EHRs are scalable, businesses may readily modify their offerings to meet changing needs or accommodate growth. Better data exchange among healthcare providers is made possible by the increasing trend toward interoperability, which is made possible by cloud technology, improving care coordination.
End user Segment Overview:
On the basis of End user, the market is categorised into Hospitals, Ambulatory Care Centers and Long-Term Care Facilities.Due to the increased trend toward outpatient services and preventative treatment, ambulatory care facilities are anticipated to develop at the quickest rate in the EHR industry. Ambulatory care facilities are necessary because there is a rising emphasis on providing care in outpatient settings as healthcare systems strive to lower costs and improve patient outcomes.To handle large patient volumes and optimise operations, these centres usually need effective patient management systems. Appointment scheduling, e-prescribing, and integration with telehealth services are among the features that EHR solutions tailored for ambulatory care offer. These capabilities are becoming more and more crucial for delivering timely and easily accessible care. EHR system adoption in these facilities is also fueled by the growing trend toward value-based treatment and the need for managing chronic diseases.
Business model Segment Overview:
On the basis of Business model, the market is categorised intoLicensed Software ,Technology Resale, Subscriptions, Professional Services and Others.Since the subscription model is flexible and affordable for healthcare providers, it is expected to grow at the quickest rate in the EHR market. This arrangement helps minimise the up-front capital expenditures that are frequently connected with licensed software by enabling companies to pay a recurring charge for access to EHR systems. Along with regular updates, maintenance, and support, the subscription model usually ensures that consumers don’t have to pay more for access to the newest features or compliance with rules. In light of the growing demand from healthcare providers for flexible and adaptable solutions, the subscription model is a compelling choice, particularly for practices with small to medium-sized staff.
Regional Outlook
Electronic Health Records Market Regional Outlook:
Fastest Growing Region: Asia Pacific
The Asia-Pacific region is anticipated to have the fastest-growing electronic health record (EHR) market due to Infrastructure and technology investments in healthcare being driven by the rapid economic expansion and urbanisation occurring in nations such as China, India, and Japan. In order to enhance patient care and expedite healthcare services, the governments of these nations are placing an increasing emphasis on healthcare digitization. This has resulted in initiatives and supportive legislative frameworks that promote the adoption of electronic health records. Furthermore, a greater emphasis is being placed on EHR systems that may enable seamless information exchange among healthcare professionals as a result of the growing recognition of the significance of data interoperability and patient-centred treatment.
Key Players
Electronic Health Records Market Players Mapping:
- Cerner Corporation (Oracle)
- GE Healthcare
- Veradigm LLC (Allscripts Healthcare, LLC)
- Epic Systems Corporation
- eClinicalWorks
- Greenway Health, LLC
- NextGen Healthcare, Inc.
- Medical Information Technology, Inc. (Meditech)
- CPSI
- AdvancedMD, Inc.
- CureMD Healthcare
- McKesson Corporation
- Teladoc Health, Inc.
Recent Activity by companies in Electronic Health Records Market
In October 2024, GE HealthCare integrated third party artificial intelligence (AI)-enabled application orchestration features into True PACS and Centricity PACS. In collaboration with Blackford, the new AI-enabled offerings help radiologists with their workload which could help lead to quicker diagnosis and treatment for patients. The collaboration is intended to offer health care providers an AI-enabled platform with a catalogue of third-party AI applications that span across various clinical area use cases, ranging from mammography to lung scans.
Report Coverage
Electronic Health Records Market Coverage:
By Product
- On-premises
- Web & Cloud-Based EHR
- By Type
- General EHR Systems
- Specialised EHR Systems.
By End-User
- Hospitals
- Ambulatory Care Centers
- Long-Term Care Facilities
By Business Model
- Licensed Software
- Technology Resale
- Subscriptions
- Professional Services
- Others
By Region:
- North America
- US
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of APAC
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- MEA
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of MEA
Electronic Health Records Market Report Outlook
| Electronic Health Records Market Coverage | 2019- 2030 |
| Fastest Growing Region | Asia Pacific |
| Electronic Health Records Market Forecast | 2024 – 2030 |
| Historical Data | 2019 – 2022 |
| Base Year | 2023 |
| Competition Benchmarking | 10 + Key Players Mapping |
| Report Format | PPT + PDF + Excel |
- Cerner Corporation (Oracle)
- GE Healthcare
- Veradigm LLC (Allscripts Healthcare, LLC)
- Epic Systems Corporation
- eClinicalWorks
- Greenway Health, LLC
- NextGen Healthcare, Inc.
- Medical Information Technology, Inc. (Meditech)
- CPSI
- AdvancedMD, Inc.
- CureMD Healthcare
- McKesson Corporation
- Teladoc Health, Inc.
- Preface
- Electronic Health Records Market Introduction
- Electronic Health Records Market Stage – Analyst View
- Electronic Health Records Market Segmentation
- Key Research Objectives
- Assumptions and Research Methodology
- Research Methodology
- Primary Data Source
- Secondary Data Sources
- Key Assumptions for Data Modeling
- Research Methodology
- Executive Summary – Global Electronic Health Records Market
- Electronic Health Records Market Analyst View
- Electronic Health Records Market Overview
- Electronic Health Records Market Factor Analysis
- Ecosystem/Value Chain Analysis
- Electronic Health Records Market Dynamics (Growth Influencers)
- Drivers
- Restraints
- Opportunities
- Trends
- Impact Analysis of Drivers and Restraints
- Electronic Health Records Market Analysis – PESTLE
- Electronic Health Records Market Analysis – Porter’s
- Electronic Health Records Market Opportunity Assessment – by Region (North America/Europe/Asia Pacific/Middle East and Africa/South America)
- Product
- Type
- End-User
- Business Model
- Global Electronic Health Records Market Segmentation
- Electronic Health Records Market Revenue Analysis (US$ Bn), 2019 – 2030
- Historic Growth Trends, 2019 – 2022
- Forecast Trends, 2023 – 2030
- Global Electronic Health Records Market Analysis, Product
- Overview & Definitions
- Key Product Analysis
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , Product, 2019 – 2030
- On-premises
- Web & Cloud-Based EHR
- Global Electronic Health Records Market Analysis, Type
- Overview & Definitions
- Key Type Analysis
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , Type, 2019 – 2030
- General EHR Systems
- Specialised EHR Systems
- Global Electronic Health Records Market Analysis, End-User
- Overview & Definitions
- Key End-User Analysis
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , End-User, 2019 – 2030
- Hospitals
- Ambulatory Care Centers
- Long-Term Care Facilities
- Global Electronic Health Records Market Analysis, Business Model
- Overview & Definitions
- Key Business Model Analysis
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , Business Model, 2019 – 2030
- Licensed Software
- Technology Resale
- Subscriptions
- Professional Services
- Others
- Global Electronic Health Records Market Analysis and Forecast, By Region
- Key Findings
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , by Region, 2019 – 2030
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- North America Electronic Health Records Market Analysis
- Regional Outlook
- Electronic Health Records Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
- Product
- Type
- End-User
- Business Model
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
- U.S.
- Canada
- Mexico
- Europe Electronic Health Records Market Analysis and Forecast
- Regional Outlook
- Electronic Health Records Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
- Product
- Type
- End-User
- Business Model
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- APAC Electronic Health Records Market Analysis and Forecast
- Regional Outlook
- Electronic Health Records Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
- Product
- Type
- End-User
- Business Model
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
- China
- Japan
- India
- South Korea
- Australia
- Rest of APAC
- Middle East and Africa (MEA) Electronic Health Records Market Analysis and Forecast
- Regional Outlook
- Electronic Health Records Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
- Product
- Type
- End-User
- Business Model
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of MEA
- South America Electronic Health Records Market Analysis and Forecast
- Regional Outlook
- Electronic Health Records Market Size (US$ Bn) Analysis and Forecast (2019 – 2030)
- Product
- Type
- End-User
- Business Model
- Electronic Health Records Market Size Estimate & Forecast (US$ Bn) , by Country, 2019 – 2030
- Brazil
- Argentina
- Rest of South America
- Electronic Health Records Market | Key Players Market Share Analysis (2023)
- Competition Benchmarking
- Key Players Profiles
- Cerner Corporation (Oracle)
- Company Overview
- Financial Analysis
- Recent Developments
- Portfolio Analysis
- Business Strategy Deep Dive
- SWOT Analysis
- GE Healthcare
- Veradigm LLC (Allscripts Healthcare, LLC)
- Epic Systems Corporation
- eClinicalWorks
- Greenway Health, LLC
- NextGen Healthcare, Inc.
- Medical Information Technology, Inc. (Meditech)
- CPSI
- AdvancedMD, Inc.
- CureMD Healthcare
- McKesson Corporation
- Teladoc Health, Inc.
- Cerner Corporation (Oracle)
- Key Players Profiles
- Analyst Takeaways
Data Collection and Research:
As a market research and consulting firm with extenstive experience, we have published numerous reports and provided strategic guidance to clients worldwide. Our research process begins with a thorough evaluation of existing data and insights from previously published reports. We gather historical and current market information from sources such as investor presentations, annual reports, SEC filings, and company performance data, leveraging paid databases. Additionally, we consult a variety of publicly available publications for further context.
To obtain both technical and market-specific insights, we engage with industry associations, trade organizations, technical forums, and research institutes. Their publications, including research papers, blogs, and press releases, offer valuable market cues. Moreover, we meticulously analyze white papers, journals, magazines, and news articles published in the last four years to identify and interpret the latest market trends.
Research Compilation and Data Sourcing
The primary interview analysis is based on data gathered from interviews with industry participants and responses to survey questions collected by our in-house research team.
For primary research, we engage with industry professionals such as CEOs, Marketing and Sales Managers, VPs, and Subject Matter Experts from both the demand and supply sides to gain a comprehensive understanding of the market. Our primary research team conducts multiple interviews, tailored to the complexity of each market, to capture key trends and dynamics, ensuring the research is both reliable and accurate.
Research interview are leverage for following key parameters:
- Offers direct insights into market size, trends, growth patterns, competitive landscape, and future outlook.
- Confirms and enhances the findings from in-house secondary research.
- Deepens the analysis team’s expertise and understanding of the market.
- Identifies emerging opportunities and potential challenges within the market.
- Captures real-time feedback and perspectives from key industry stakeholders.
- Enhances the accuracy of market forecasts and projections.
Primary research is conducted through email communications and telephone interviews, targeting each market, category, segment, and sub-segment across various regions. The participants in this process typically include, but are not limited to:
Industry professionals: VPs, business development managers, market intelligence managers, and national sales managers.
External experts: Valuation specialists, research analysts, and key opinion leaders with expertise in the sepcific market sectors.
Primary respondents breakup:
Upon receiving confirmation from primary research sources or respondents, we finalize the base year market estimates and proceed to forecast data. This is done by incorporating the macroeconomic and microeconomic factors evaluated during the data collection phase.
Data Analysis:
After validating the data through secondary and primary sources, we refine the market estimations by developing hypotheses and performing factor analysis at both regional and national levels.
3.1 Macro-Economic Factor Analysis:
We assess macroeconomic indicators such as Gross Domestic Product (GDP), changes in demand across industries, technological advancements, regional economic growth, government policies, the impact of COVID-19, and PEST analysis. This evaluation helps establish benchmarks for different nations and regions and approximates market segments. Additionally, the general trends in these factors assist in identifying potential market growth opportunities.
3.2 Country Level Data:
To determine the market size for specific regions and countries, we consider various country-specific factors. These include the presence of vendors (headquarters and offices), the country’s GDP, demand patterns, and industry growth. We examine growth drivers, inhibitors, application areas, and current market trends to understand the dynamics within each nation. This analysis is crucial for assessing the growth potential of the market in each country.
3.3 Company Profile:
The “Table of Contents” includes a detailed analysis of over 25 to 30 companies operating within the market ecosystem across different geographies. Typically, our syndicate reports profile 10 companies, representing leading, emerging, and regional players. However, our analysis extends beyond these 10 companies to ensure a comprehensive understanding of market trends. The “Company Profiles” section features key facts, business descriptions, products and services, financial information, SWOT analysis, and key developments. Financial data is sourced from annual reports and official documents of publicly listed companies, and is verified through primary sources before compilation. This company-level information is essential for determining the base number and forecasting market size.
3.4 Developing Base Number:
We aggregate sales data, macroeconomic factors, and insights from secondary and primary research to establish the base number and market shares for the base year. This phase involves identifying data gaps and analyzing relevant market data from paid interviews or databases. After finalizing the base year market size, we develop forecasts based on macroeconomic factors, industry growth, and company-level analysis.
Data Triangulation and Final Review:
We validate market findings and base year calculations through both supply and demand-side evaluations. Demand-side validations are based on macroeconomic analysis and regional benchmarks, while supply-side validations involve estimating revenues of major companies using industry benchmarks, employee numbers, product portfolios, and primary interviews. We assess revenue from target product/service segments to ensure accurate market statistics. Significant deviations between supply and demand values prompt a re-evaluation to achieve consistency.
Our iterative approach involves sharing research findings with Subject Matter Experts and Key Opinion Leaders until a consensus view is achieved. This process helps mitigate drastic deviations in expert opinions. We use data triangulation—validating information from secondary sources with primary interviews and re-verifying with internal databases and experts—to ensure high-quality, reliable data is delivered efficiently.
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