What is the global market size of Electronic Health Records Market?

Global 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 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

Q: Who are the key vendors in the Global Electronic Health Records Market?

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. '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.'

Q: Which region accounted for the largest share in Global Electronic Health Records Market?

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.

Report ID: SQMIG35G2124 | Region: Global | Published Date: February, 2024
Pages: 275 | Tables: 116 | Figures: 77

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.

Electronic Health Records Market Report Snapshots

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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).

Competition in the Electronic Health Records market is expected to increase during the forecast period because new players are expected to enter in the 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 market but these numbers will increase in the upcoming years. '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.'

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 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.

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.

Globally, North America is estimated to hold the highest Electronic Health Records market share. Main factors during this growth period is the presence of top market players and government initiatives.

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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

Electronic Health Records Market Dynamics

Electronic Health Records Market Report Snapshots

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FAQs

What is the market size of Electronic Health Records Market?

Who are the key vendors in the Electronic Health Records Market?

What is the key driver of Electronic Health Records Market?

What is the key market trend for Electronic Health Records Market?

Which region accounted for the largest share in Electronic Health Records Market?

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