USD 26.99 billion
Report ID: SQMIG35G2124 | Region: Global | Published Date: February, 2024 | Pages: 275 | Tables: 116 | Figures: 77
Electronic Health Records Market size was valued at USD 26.99 billion in 2021 and is poised to grow from USD 28.1 billion in 2022 to USD 38.75 billion by 2030, growing at a CAGR of 4.15% in the forecast period (2023-2030).
Electronic Health Records are becoming popular since It has many advantages such as comprehensive view of patients, better coordination of care, sharing information, streamlined workflows. Moreover, it has power of data’s, greater efficiencies, cost saving and reduced error. It primarily automates variety of tasks for the practice and provide better care to the patients. EHR also enables physicians to exchange information with one another remotely and in real time, making sure every clinician dealing with the patient has a current, complete and accurate file.
Electronic Healthcare provides quick access to the patient records resulting in more efficient care. It also helps in treatment effectiveness while increasing the practise’s operational efficiency. It is a powerful organizational tool that helps to boost patient information accuracy by making the access patient information easier, reducing the risk of theft of sensitive data, lower mistakes due to handwriting, Update and access patient information in real time and continuity of treatment.
US Electronic Health Records Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 26.99 billion
To get more reports on the above market click here to Buy The Report
Global Electronic Health Records market is segmented on the basis of Application, Product, Type, End-Use, Component, Mode of Delivery and Region. By application, the market is segmented into Clinical Application, Administrative Application, Reporting in Healthcare System, Healthcare Financing, and Clinical Research Application. By Product, the market is segmented into On-premise Software and Cloud-based Software and others. By end user, the market is segmented into Hospitals, Clinics, Specialty Centers, and Others. By type the market is segmented into Inpatient EHR and Ambulatory EHR. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Electronic Health Records Market Analysis by Application
By application, the global market is divided into many segments such as Clinical Application, Administrative Application, Reporting in Healthcare System, Healthcare Financing, and Clinical Research Application. Clinical Application segment holds the largest global Electronic Health Records market share due to the wide range of benefits provided by it in the Electronic Health Records market. To establish clinical data storage. Increase in the number of clinical trials to increase the safety and efficacy of drugs and devices are adapted all across the globe. Moreover, administrative Application segment is expected to witness steady growth during the forecast.This growth is the result of increasing use of EHR for the storage of administrative data.
Electronic Health Records Market Analysis by Product
By Product, the Electronic Health Records market is classified into On-premise Software and Cloud-based Software and others. The Cloud-based Software Segment is one of the main reasons for innovation and growth across all technology industries including the global market. It is considered a game-changer in Electronic health records. As Web and Cloud based EHR eases implementation in small clinical practices by avoiding the additional software and hardware installation. Moreover, it helps practitioners to prevent interruption in cash flow with faster installation as compared to other client server systems.
To get detailed analysis on other segments, Request For Sample Report
Globally, North America is estimated to hold the highest global Electronic Health Records market share. Main factors during this growth period is the presence of top market players and government initiatives.
Industry players are launching advanced software, integrating with the latest technology that is boosting the usage of products in the North America region.The government and non government organizations are highly focusing to develop a sustainable healthcare ecosystem in the region which will further stimulate the market demand not only in the region but all across the globe.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Electronic Health Records Market Drivers
Increasing Popularity of Digital Health Applications to Boost Market Growth
Electronic Health Records Market Restraints
Critical Security Concerns to Hinder Market Growth
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
Competition in the global Electronic Health Records market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of devices compatible with Electronic Health Records will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Electronic Health Records Market Top Player’s Company Profiles
Electronic Health Records Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Electronic Health Records market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as comprehensive view of patients, better coordination of care, sharing information, and streamlined workflows. Electronic Health Records will enable devices to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
|Market size value in 2021
|USD 26.99 billion
|Market size value in 2030
|USD 38.75 billion
|Forecast Unit (Value)
|North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Electronic Health Records Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Electronic Health Records Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Electronic Health Records Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Electronic Health Records Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.