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Electronic Health Records Market

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Electronic Health Records Market

Electronic Health Records Market by Architecture (Cloud Based, On-premises Based), Type (Ambulatory EHR, Hospital EHR), Application (Clinical, Healthcare Financing, Reporting, Administrative, Others), and End-User (Hospital and Clinic, Ambulatory Centers, Specialty Clinics, Others) – Global Outlook & Forecast 2022-2030

GR - 841295 Category: Healthcare IT

Number of pages: 100  |  Report Format: PDF  |  Published date: October 03, 2022

Historical Years – 2020  |  Base Year – 2021  |  Forecasted Years – 2022-2030


Electronic Health Records Market Scope

Report Attribute

Details

Market size value in 2021

US$ 26.92 billion

Revenue forecast in 2030

US$ 39.66 billion

CAGR

4.4%

Base year for estimation

2021

Forecast period

2022-2030

Segments covered

Architecture, Type, Application, End-User, and Region

Regional scope

North America, Europe, Asia Pacific, and the Rest of the World (RoW)

Report Overview

The global electronic health records market was valued at US$ 26.92 billion in 2021 and is expected to register a revenue CAGR of 4.4% during the forecast period of 2022 to 2030.

Market Fundamentals                                                                                          

An electronic health record (EHR) contains digital patient records, including medical test results, medical history, demographic information, medications, and HPI (history of present illness). EHR is a trending technology in the healthcare domain due to the growing digitalization and the rapidly increasing adoption of automation in the healthcare system worldwide.

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Market Dynamics

EHR is growing at a significant rate and is estimated to register high revenue growth during the forecast period. This high revenue growth can be attributed to various factors such as the rising adoption of IT (information technology) in healthcare facilities, the integration technologies such as AI (Artificial Intelligence), Voice Recognition, etc., and the increasing adoption of EHR. Additionally, this service includes better accessibility, a straightforward interface, real-time data & analytics, and provides patient-centric engagements. Furthermore, the introduction of blockchain and clinical decision support (CDS) is also expected to drive market revenue growth. However, the high cost of EHR installation, lack of interoperability, burnout of medical professionals, and concern about data security & privacy are expected to restrain the market revenue growth to some extent.

Market Ecosystem

The global healthcare e-commerce market has been analyzed from five perspectives: architecture, type, application, end-user, and region. 

Electronic Health Record Market by Architecture

Based on architecture, the global electronic health record market is segmented into cloud-and on-premises-based EHR. 

The cloud-based EHR segment dominates the market with the largest revenue share owing to the growing adoption of cloud-based software in healthcare systems. Furthermore, this software provides various benefits such as customization, scalability, efficiency, collaboration, and security. Additionally, cloud-based software can be easily installed with a convenient setup at a minimum timeframe. 

In comparison, the on-premises software segment is expected to register steady and noticeable revenue growth during the forecast period owing to its major driving factor of promising security and privacy. 

Electronic Health Record Market by Type

Based on type, the global electronic health record market is segmented into ambulatory and hospital EHR. 

The hospital EHR segment leads the market with the largest revenue share. The rising geriatric population, growing urbanization, and increasing prevalence of chronic diseases are the major factors driving the revenue growth of the hospital EHR segment. Hospitals frequently use EHRs to simplify daily operations. 

The Ambulatory EHR segment is expected to register rapid revenue growth during the forecast period because of the rising government support, especially during a situation like the Covid-19 pandemic. 

Electronic Health Record Market by Application

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Based on the application, the global electronic health records market is segmented into clinical applications, healthcare financing, reporting in the healthcare system, and administrative application. 

The clinical application segment accounts for the largest revenue share in the market. The dominance of this segment can be attributed to increasing clinical trials to enhance drug or device safety due to the adoption of EHR. 

The Reporting and administrative application segment is also expected to register rapid revenue growth during the forecast period. 

Electronic Health Record Market by End-User

Based on end-user, the global electronic health records market is segmented into hospitals and clinics, ambulatory centers, and specialty clinics. 

The hospital segment accounts for the largest revenue share in the market. The dominance of this segment can be owed to a large patient pool; thus, more medical procedures and treatments occur in hospitals. Furthermore, hospitals offer better reimbursement policies, consist of better healthcare infrastructure, and rapidly adopt advanced technologies, thus, encouraging the adoption of EHR in this segment. 

The ambulatory center segment is proliferating and is expected to depict considerable revenue growth during the forecast period.

Electronic Health Record Market by Region

Based on the region, the global electronic health records market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. 

North America dominates the global electronic health record market with the largest revenue share. Robust healthcare infrastructure and increased use of improved and novel technology are responsible for this region's dominance. The market revenue in this region is increasing due to the growing government efforts and support, the use of healthcare IT services in EHRs, and increased expenditures or finance for purchasing sophisticated and systematic services. Additionally, the presence of major market players and the rising frequency of chronic illnesses contribute to the rapid market revenue growth. 

Competitive Landscape

The prominent players operating in the global electronic health records market are: 

  • GE Healthcare
  • CureMD Corporation
  • Greenway Health LLC.
  • Epic Systems Corporation
  • Allscripts Healthcare Solutions Inc.
  • Cerner Corporation
  • Medical Information Technology Inc.
  • AdvancedMD Inc.
  • NextGen Healthcare Inc.
  • McKesson Corporation
  • CareCloud Corporation
  • MEDHOST

Strategic Developments

  • In Dec 2021, Oracle acquired Cerner Corporation valued at nearly US$ 28.3 billion. Cerner Corporation is a crucial player in the electronic health records market. This acquisition by Oracle will help the company to establish a strong position in the EHR market.
  • In April 2021, Cerner Corporation acquired Kantar Health for around US$ 375 million. The acquisition helped Cerner Corporation to gain life science expertise from Kantar health, thus, innovating the enhanced services and improving patient outcomes.

Frequently Asked Questions About This Report

The global electronic health record market is expected to register a revenue CAGR of 4.4% during the forecast period.

The EHR market in 2021 was valued at US$ 26.92 billion.

The COVID-19 pandemic impacted the EHR market positively and boosted the expansion of the market due to the growing need for integration, communication, and patient data storage.

Factors such as the high cost of EHR installation, lack of interoperability, burnout of medical professionals, and concern about data security & privacy are expected to restrain the market revenue growth.

The cloud-based architecture segment accounts for the largest revenue share of the global electronic health records market revenue.

Table of Content

  1. INTRODUCTION
    1. Market Ecosystem 
    2. Timeline Under Consideration
      1. Historical Years – 2020
      2. Base Year – 2021
      3. Forecasted Years – 2022 to 2030
    3. Currency Used in the Report
  2. RESEARCH METHODOLOGY 
    1. Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
    4. Market Estimation Approach
      1. Bottom Up 
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions       
  3. PREMIUM INSIGHTS
    1. Current Market Trend (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2021)
  4. MARKET DYNAMICS
    1. Drivers
    2. Restraints
    3. Opportunities
  5. GLOBAL ELECTRONIC HEALTH RECORDS MARKET- ANALYSIS & FORECAST, BY ARCHITECTURE
    1. Cloud-based
    2. On-premise
  6. GLOBAL ELECTRONIC HEALTH RECORDS MARKET- ANALYSIS & FORECAST, BY TYPE
    1. Ambulatory EHR
    2. Hospital HER
    3. Others
  7. GLOBAL ELECTRONIC HEALTH RECORDS MARKET- ANALYSIS & FORECAST, BY APPLICATION
    1. Clinical 
    2. Healthcare Financing
    3. Reporting 
    4. Administrative 
  8. GLOBAL ELECTRONIC HEALTH RECORDS MARKET- ANALYSIS & FORECAST, BY END-USER
    1. Hospitals and Clinics
    2. Ambulatory Centers
    3. Specialty Clinics
    4. Others
  9. GLOBAL ELECTRONIC HEALTH RECORDS MARKET- ANALYSIS & FORECAST, BY REGION
    1. North America Electronic Health Records Market
      1. North America Electronic Health Records Market, by Architecture   
      2. North America Electronic Health Records Market, by Type 
      3. North America Electronic Health Records Market, by Application
      4. North America Electronic Health Records Market, by End-User
      5. North America Electronic Health Records Market, by Country
        1. U.S.
          1. U.S. Electronic Health Records Market, by Architecture   
          2. U.S. Electronic Health Records Market, by Type    
          3. U.S. Electronic Health Records Market, by Application
          4. U.S. Electronic Health Records Market, by End-User
        2. Canada
          1. Canada Electronic Health Records Market, by Architecture   
          2. Canada Electronic Health Records Market, by Type   
          3. Canada Electronic Health Records Market, by Application
          4. Canada Electronic Health Records Market, by End-User
    2. Europe Electronic Health Records Market
      1. Europe Electronic Health Records Market, by Architecture
      2. Europe Electronic Health Records Market, by Type      
      3. Europe Electronic Health Records Market, by Application
      4. Europe Electronic Health Records Market, by End-User
      5. Europe Electronic Health Records Market, by Country/Region
        1. Germany
          1. Germany Electronic Health Records Market, by Architecture
          2. Germany Electronic Health Records Market, by Type   
          3. Germany Electronic Health Records Market, by Application
          4. Germany Electronic Health Records Market, by End-User
        2. U.K
          1. U.K Electronic Health Records Market, by Architecture   
          2. U.K Electronic Health Records Market, by Type   
          3. U.K Electronic Health Records Market, by Application
          4. U.K Electronic Health Records Market, by End-User
        3. France
          1. France Electronic Health Records Market, by Architecture   
          2. France Electronic Health Records Market, by Type   
          3. France Electronic Health Records Market, by Application
          4. France Electronic Health Records Market, by End-User
        4. Spain
          1. Spain Electronic Health Records Market, by Architecture
          2. Spain Electronic Health Records Market, by Type    
          3. Spain Electronic Health Records Market, by Application
          4. Spain Electronic Health Records Market, by End-User
        5. Italy
          1. Italy Electronic Health Records Market, by Architecture 
          2. Italy Electronic Health Records Market, by Type    
          3. Italy Electronic Health Records Market, by Application
          4. Italy Electronic Health Records Market, by End-User
        6. Rest of Europe
          1. Rest of Europe Electronic Health Records Market, by Architecture   
          2. Rest of Europe Electronic Health Records Market, by Type   
          3. Rest of Europe Electronic Health Records Market, by Application
          4. Rest of Europe Electronic Health Records Market, by End-User
    3. Asia Pacific Electronic Health Records Market
      1. Asia Pacific Electronic Health Records Market, by Architecture 
      2. Asia Pacific Electronic Health Records Market, by Type   
      3. Asia Pacific Electronic Health Records Market, by Application
      4. Asia Pacific Electronic Health Records Market, by End-User
      5. Asia Pacific Electronic Health Records Market, by Country/Region
        1. China
          1. China Electronic Health Records Market, by Architecture   
          2. China Electronic Health Records Market, by Type   
          3. China Electronic Health Records Market, by Application
          4. China Electronic Health Records Market, by End-User
        2. Japan
          1. Japan Electronic Health Records Market, by Architecture 
          2. Japan Electronic Health Records Market, by Type   
          3. Japan Electronic Health Records Market, by Application
          4. Japan Electronic Health Records Market, by End-User
        3. India
          1. India Electronic Health Records Market, by Architecture   
          2. India Electronic Health Records Market, by Type   
          3. India Electronic Health Records Market, by Application
          4. India Electronic Health Records Market, by End-User
        4. South Korea
          1. South Korea Electronic Health Records Market, by Architecture   
          2. South Korea Electronic Health Records Market, by Type  
          3. South Korea Electronic Health Records Market, by Application
          4. South Korea Electronic Health Records Market, by End-User
        5. Australia
          1. Australia Electronic Health Records Market, by Architecture 
          2. Australia Electronic Health Records Market, by Type    
          3. Australia Electronic Health Records Market, by Application
          4. Australia Electronic Health Records Market, by End-User
        6. Rest of Asia Pacific 
          1. Rest of Asia Pacific Electronic Health Records Market, by Architecture 
          2. Rest of Asia Pacific Electronic Health Records Market, by Type    
          3. Rest of Asia Pacific Electronic Health Records Market, by Application
          4. Rest of Asia Pacific Electronic Health Records Market, by End-User
    4. Rest of the World Electronic Health Records Market
      1. Rest of the World Electronic Health Records Market, by Architecture   
      2. Rest of the World Electronic Health Records Market, by Type   
      3. Rest of the World Electronic Health Records Market, by Application
      4. Rest of the World Electronic Health Records Market, by End-User
      5. Rest of the World Electronic Health Records Market, by Region
        1. Latin America
          1. Latin America Electronic Health Records Market, by Architecture   
          2. Latin America Electronic Health Records Market, by Type   
          3. Latin America Electronic Health Records Market, by Application
          4. Latin America Electronic Health Records Market, by End-User
        2. Middle East & Africa
          1. Middle America & Africa Electronic Health Records Market, by Architecture 
          2. Middle America & Africa Electronic Health Records Market, by Type       
          3. Middle America & Africa Electronic Health Records Market, by Application
          4. Middle America & Africa Electronic Health Records Market, by End-User
  10. COMPANY PROFILES 
    1. GE Healthcare
      1. Business Snapshot 
      2. Product Offered
      3. Financial Details
      4. Strategic Development
    2. CureMD Corporation
    3. Greenway Health LLC.
    4. Epic Systems Corporation
    5. Allscripts Healthcare Solutions Inc.
    6. Cerner Corporation (Oracle)
    7. Medical Information Technology Inc.
    8. AdvancedMD Inc.
    9. NextGen Healthcare Inc.
    10. McKesson Corporation
    11. CareCloud Corporation
    12. MEDHOST

*Insights on financial performance is subject to availability of information in public domain


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