USD 26.99 billion
Global Electronic Health Records Market Size, Share, Growth Analysis, By Application(Clinical Application, Administrative Application), By Product(On-premise software and Cloud based software), By End user(Hospitals, Clinics), By type(Inpatient EHR and Ambulatory EHR) - Industry Forecast 2024-2031
Report ID:
SQMIG35G2124 |
Region:
Global |
Published Date: February, 2024
Pages:
275
|
Tables:
116 |
Figures:
77
Global Electronic Health Records Market Insights
Electronic Health Records Market size was valued at USD 26.99 billion in 2019 and is poised to grow from USD 28.1 billion in 2023 to USD 38.75 billion by 2031, growing at a CAGR of 4.15% in the forecast period (2024-2031).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Clinical Application
Fastest Growth
Clinical Application
Growth Rate
4.15% CAGR
Global Electronic Health Records Market ($ Bn)
Country Share for North America Region (%)
Global Electronic Health Records Market By Application ($ Bn)
Global Electronic Health Records Market By Application (%)
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Global Electronic Health Records Market Segmental Analysis
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.
Global Electronic Health Records Market By Application, 2023 (%)
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Global Electronic Health Records Market Regional Insights
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.
Global Electronic Health Records Market By Region, 2024-2031
- Largest
- Fastest
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Global Electronic Health Records Market Dynamics
Electronic Health Records Market Drivers
Increasing Popularity of Digital Health Applications to Boost Market Growth
- During the recent COVID-19 epidemic that the world faced, electronic health record has proven Its efficiency for population health and data management.The EHR service provider in the global electronic health record market are increasing day by day due to the increase in research and development of the product, especially in cloud storage technology.Varied amount of technological advancement with the software development in healthcare sector. Additionally, the introduction of artificial intelligence will drive the growth of the electronic health record market.
Electronic Health Records Market Restraints
Critical Security Concerns to Hinder Market Growth
- Any software or hardware driven system are prone to attacks by hackers.Likewise, EHR system are also not immune from cyber attacks and data threats.Healthcare system all across the globe, consider the patient healthcare information as one of the most important things and breach in privacy of patients can be caused by targeting the areas of data.This concern of security and data threat will have negative impact on the growth of market.
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Global Electronic Health Records Market Competitive Landscape
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
- Epic Systems Corporation
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- MEDITECH
- NextGen Healthcare, Inc.
- McKesson Corporation
- GE Healthcare
- athenahealth, Inc.
- Greenway Health, LLC
- eClinicalWorks LLC
- Practice Fusion, Inc.
- CureMD Healthcare
- DrChrono Inc.
- CompuGroup Medical SE & Co. KGaA
- AdvancedMD, Inc.
- AmazingCharts, LLC
- ChartLogic, Inc.
- Kareo, Inc.
- Virence Health Technologies
- Aprima Medical Software, Inc.
Electronic Health Records Market Recent Developments
- In December 2022,Oracle made an announcement that it is acquiring electronic health record company Cerner for 28 billion U.S. dollars.
Global Electronic Health Records Key Market Trends
- The major concern with EMR is that it lacks the ability to integrate with other systems. On the other hand, Eichlers can be integrated with IT and other softwares with the help of developer and merchants which assures the continuity and update of EHR system to comply with interoperability policies.There is a major trend for the use of cloud environment in EHR segment because.It enable provider to at least partially offload the security responsibility and offers pay as you go options.
Global Electronic Health Records Market SkyQuest Analysis
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 26.99 billion |
| Market size value in 2031 | USD 38.75 billion |
| Growth Rate | 4.15% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | 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) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Electronic Health Records Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Electronic Health Records Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
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.
Global Electronic Health Records Market Report Snapshots
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