Electronic Health Records Market: Industry Trends and Global Forecasts, till 2035

Electronic Health Records Market: Industry Trends and Global Forecasts, till 2035

The Electronic Health Records Market is valued at USD 36 billion in 2024 and is projected to grow at a CAGR of 8.89% during the forecast period till 2035.

Electronic Health Records (EHRs) refer to the digital versions of patient records, which include data pertaining to patients’ medical history, diagnosis, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory test results. In recent years, there has been an increased adoption of EHRs, due to their ability to improve the quality of care, enhance patient safety and facilitate efficient healthcare delivery; consequently, these have become an integral component of modern healthcare practices.

In the realm of modern healthcare, EHRs offer healthcare providers with immediate access to patient information, enhancing care coordination, especially in complex cases requiring multi-disciplinary collaborations. Moreover, they also play a significant role in reducing medical errors, streamlining the administrative processes, and ensuring compliance with regulatory requirements. Further, the large data sets provided by EHRs facilitate medical research and support population health management. Over the past few years, a significant global surge has been observed in the adoption rate of EHRs; notably, about 75% of hospitals in the US utilize different forms of EHR systems, reflecting a broader trend towards digitalization in this sector. Additionally, the rising cases of chronic diseases, which demand more efficient and effective patient management systems, are one of the major contributing factors to this trend.

The integration of artificial intelligence and machine learning in EHRs, coupled with the growing demand for telehealth services is anticipated to drive the overall growth of the EHR market, in the coming years. Moreover, the investments from both public and private sectors have enabled the development of more convenient and easy-to-use interfaces, and integration of advanced features, such as predictive analytics and personalized patient engagement solutions.

Given the continuous development of novel EHR technologies and the rising adoption of digital health strategies, the electronic health records market is poised for robust growth, offering significant opportunities for the stakeholders in the coming years. Key Market Segments

Type of EHR

• Acute Electronic Health Records
• Ambulatory Electronic Health Records
• Post-acute Electronic Health Records

Type of EHR System

• Web-based EHR Systems
• Client-based EHR Systems

Application

• Administrative Task and Billing
• Clinical Records
• Physician Support
• Others

End-users

• Hospitals and Clinics
• Ambulatory Care
• Others

Therapeutic Area

• Cardiological Disorders
• Oncological Disorders
• Inflammatory Disorders
• Metabolic Disorders
• Neurological Disorders
• Respiratory Disorders
• Others

Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and North Africa

Market in North America

• US
• Canada

Market in Europe

• Denmark
• Estonia
• Finland
• UK
• France
• Germany
• Italy
• Spain

Market in Asia-Pacific

• Japan
• China
• India
• Australia

Market in Latin America

• Argentina
• Brazil
• Mexico

Market in Middle East and North Africa

• Egypt
• Israel
• Saudi Arabia

Research Coverage:

The market report on Electronic Health Records covers the following elements:

• An overview of electronic health records, highlighting the difference between electronic health records and electronic medical records. This section also highlights details on different types of EHR systems, focusing on the information of their key features and benefits. Further, it highlights the challenges and future potential associated with EHR implementation.
• A detailed in-depth analysis of the factors that can impact the growth of the market has been added to the report featuring the identification and analysis of key drivers, potential restraints, emerging opportunities, and existing challenges.
• A detailed estimate of the current electronic health records market size and the future growth potential of the EHR market over the next decade. On the basis of relevant parameters, such as likely adoption trends and through reliable secondary and primary validations, we have provided an informed estimate on the market evolution during the forecast period, till 2035. The report also discusses the likely distribution of the current and forecasted opportunity within the EHR industry. Further, in order to account for future uncertainties and to add robustness to our model, we have provided three forecast scenarios, namely conservative, base, and optimistic scenarios, representing different tracks of the EHR market growth.
• A comprehensive assessment of the current and future opportunity within electronic health records market across different types of EHR, such as acute electronic health records, ambulatory electronic health records and post-acute electronic health records has been provided in the report.
• Detailed forecasted estimates of the current and future opportunity within EHR market across various types of EHR systems, such as web-based EHR systems and client-based EHR systems.
• Detailed forecasted estimates of the current and future opportunity within EHR industry across various applications, such as administrative tasks and billing, clinical records, physician support and others.
• Detailed forecasted estimates of the current and future opportunity within electronic health records market across different therapeutic areas, for instance, cardiological disorders, oncological disorders, inflammatory disorders, metabolic disorders, neurological disorders, respiratory disorders and other disorders.
• Detailed forecasted estimates of the current and future opportunity within the electronic health records market across different end-users, which include hospitals and clinics, ambulatory care and other end-users.
• Detailed forecasted estimates of the current and future opportunity within EHR market across various geographies, such as North America, Europe, Asia-Pacific, Latin America, Middle East and North Africa.
• Comprehensive projections of the current and future opportunity in EHR market, across different North American countries, such as the US and Canada.
• Comprehensive projections of the current and future opportunity in EHR market, across different European countries, such as Denmark, Estonia, Finland, the UK, France, Germany Italy and Spain.
• Comprehensive projections of the current and future opportunity in EHR market, across different Asian countries, such as Japan, China, India and Australia.
• Comprehensive projections of the current and future opportunity in EHR market, across different Latin American countries, such as Brazil, Mexico and Argentina.
• Comprehensive projections of the current and future opportunity in EHR market, across different Middle Eastern and North African countries, such as Egypt, Israel and Saudi Arabia.
• An in-depth assessment of leading players in the electronic health records market based on relevant parameters.
• A comprehensive assessment of electronic health records providers, featuring insights based on several relevant parameters, such as year of establishment, company size (in terms of employee count) and location of headquarters (region and country), type of EHR (acute EHR, ambulatory EHR ana post-acute EHR), type of EHR system (web-based electronic health record and client-based electronic health record), application (administrative task and billing, clinical records, physician support and others) and end-users (hospitals and clinics, ambulatory care and others).
• An insightful competitiveness analysis of EHR providers, on the basis of several relevant parameters, such as developer strength (in terms of number of years of experience and company size) and portfolio strength (in terms of type of EHR, type of EHR system, number of applications and end-users). Also, the report encompasses benchmarking analysis, highlighting the key focus areas of these companies, with a comparison between the existing capabilities amongst the competing players.
• An intricate set of profiles of key companies in the electronic health records market. Each profile provides a brief overview of the company (including information on year of establishment, location of headquarters, number of employees, management team business segments and contact details), service portfolio (type of EHR, type of EHR system, applications and end-users), financial information (if available), recent developments and an informed future outlook.
• An elaborate set of profiles of various other prominent players that are currently operational in the electronic health records industry. Each company profile features a brief overview of the company (including company’s mission statement, year of establishment, number of employees, location of headquarters, business segments and key members of the executive team) and EHR related offerings.
• A detailed analysis of the five competitive forces, including aspects such as threats of new entrants, bargaining power of product providers, bargaining power of buyers, threat of substitute products and rivalry among existing competitors under an insightful Porter's Five Forces framework.
• A qualitative assessment of the various megatrends ongoing in the EHR industry, such as the adoption of cloud-based EHR, artificial intelligence and machine learning integration, focus on patient-centered care, telehealth and remote care integration and cybersecurity and data protection.
• A compendium of transcripts of interviews conducted with various stakeholders in the industry.
• An appendix including tabulated data and numbers for all the figures provided in the report.
• An appendix encompassing the list of companies and organizations mentioned in the report.

Key Benefits of Buying this Report

• The report offers market leaders and newcomers valuable insights related to revenue estimations for both the overall market and its sub-segments.
• Stakeholders can utilize the report to enhance their understanding of the competitive landscape, allowing for improved business positioning and more effective go-to-market strategies.
• The report provides stakeholders a detailed assessment of the Electronic Health Records market, furnishing them with essential information on significant market drivers, barriers, opportunities, and challenges.

Example Companies Profiled

• Epic Systems
• Cerner
• eClinicalWorks
• NextGen Healthcare
• AthenaHealth
• Practice Fusion
• Veradigm
• DrChrono
• MEDITECH
• Greenway Health
• Trubridge
• AdvancedMD
• CureMD
• CareCloud
• Microwize Technology
• ChipSoft
• PracticeSuite
• Kareo
• Netsmart
• CompuGroup Medical
• RXNT
• Philips
• InterSystems
• WRS Health
• Bizmatics