Electronic Health Records Market by Product (On-premise Software and Cloud-based Software), Type (Inpatient EHR and Ambulatory EHR), Application (Clinical Application, Administrative Application, Reporting in Healthcare System, Healthcare Financing, and Clinical Research Application), and End User (Hospitals, Clinics, Specialty Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
The global electronic health record (EHR) market was valued at $30,550.3 million in 2020, and is projected to reach $63,848.6 million by 2030, registering a CAGR of 7.7% from 2021 to 2030.
An electronic health record (EHR) is a digital version of the paper chart of a patient. It contains medical history related to a patient including medications, diagnosis, immunization dates, treatment plans, radiology images, allergies, and test results from laboratories. These further allow access to evidence-based tools used by healthcare providers to make decisions about a patient's treatment. EHRs have helped to streamline and automate the workflow in a healthcare sector.
Increase in prevalence of chronic diseases such as diabetes and cancer drives the growth of EHRs market. For instance, according to report of the World Health Organization (WHO), in 2020,cancer was a leading cause of death across the globe which accounted for nearly 10 million deaths or nearly one in six deaths. In addition, increase in geriatric population propels the growth of EHRs market.
In addition, the governments of all regions have increased their expenditure on the healthcare sector. For instance, in 2020, the U.S. Government spent about 4.1 trillion, or 19.7% of GDP, on healthcare expenditures. It has been estimated that approximately 30% of the healthcare expenditure is used in upgrading infrastructure, especially medical equipment used at public health centers (hospitals). Furthermore, rise in number of hospitals and well-developed healthcare infrastructure boost the market growth. For instance, as per the data of Statista, in 2019, there were 3,026 hospitals operational in Germany. However, the high cost of EHRs hinder
The electronic health records market is segmented on the basis of product, type, application, end user, and region. Depending on products, on-premise software and cloud based software. By type, the market is mainly categorized into inpatient EHR and ambulatory EHR. By application, it is categorized into clinical application, administrative application, reporting in healthcare system, healthcare financing, and clinical research application. Based on end user, it is segmented into hospitals, clinics, specialty centers, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Allscripts healthcare solutions Inc., Cerner Corporation, Computer programs and systems Inc., CureMD Corporation, eClinicalWorks, Epic systems corporation, General Electric Company, Greenway Health, LLC., Meditech, and Praxis EMR.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the global electronic health records market size along with the current trends and future estimations to elucidate the imminent investment pockets.
It offers market forecast analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global electronic health records market growth.
KEY MARKET SEGMENTS
By Product
On-premise Software
Cloud-based EHR Software
By Type
Inpatient EHR
Ambulatory EHR
By Application
Clinical Application
Administrative Application
Reporting in Healthcare System
Healthcare Financing
Clinical Research Application
By End User
Hospital
Clinics
Specialty Centers
Other End Users
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Rest of Europe
Asia Pacific
Japan
China
Australia
India
Rest of Asia Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
Allscripts healthcare solutions Inc.
Cerner Corporation
Computer programs and systems Inc.
CureMD Corporation
eClinicalWorks
Epic systems corporation
General Electric Company
Greenway Health, LLC.
Meditech
Praxis EMR
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