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).

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.'

What is the key driver of Global Electronic Health Records Market?

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.

What is the key market trend for Global Electronic Health Records 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.

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.

Electronic Health Records Companies

Electronic Health Records Market Competitive Landscape

Electronic Health Records Market Top Player’s Company Profiles

Cerner Corporation (Oracle) (US)
GE Healthcare (US)
Allscripts Healthcare, LLC (US)
McKesson Corporation (US)
Epic Systems Corporation (US)
NextGen Healthcare, Inc. (US)
eClinicalWorks (US)
Medical Information Technology, Inc. (US)
Health Information Management Systems (US)
CPSI (US)
AdvancedMD, Inc. (US)
CureMD Healthcare (US)
Greenway Health, LLC (US)
ClareCloud Inc. (US)
Teladoc Health, Inc. (US)
Athenahealth Inc. (US)
MEDHOST (US)
Cantata Health, LLC (US)
Intersystems Corporation (US)
Healthcare (US)
Docpulse (India)

Electronic Health Records Market

FAQs

Global Electronic Health Records Market size was valued at USD 27.81 Billion in 2022 and is poised to grow from USD 29.06 Billion in 2023 to USD 41.33 Billion by 2031, growing at a CAGR of 4.5 % in the forecast period (2024-2031).

The market players in the global Electronic Health Records market are witnessing immense competition due to substantial investment for increasing performance of the Electronic Health Records. Improving regulations when it comes to integration of the healthcare sector with IT services is attracting more IT based companies to invest in EHR. Many prominent players have already collaborated with Governments and hospital chains across geographies. 'Cerner Corporation (Oracle) (US) ', 'GE Healthcare (US) ', 'Allscripts Healthcare, LLC (US) ', 'McKesson Corporation (US) ', 'Epic Systems Corporation (US) ', 'NextGen Healthcare, Inc. (US) ', 'eClinicalWorks (US) ', 'Medical Information Technology, Inc. (US) ', 'Health Information Management Systems (US) ', 'CPSI (US) ', 'AdvancedMD, Inc. (US) ', 'CureMD Healthcare (US) ', 'Greenway Health, LLC (US) ', 'ClareCloud Inc. (US) ', 'Teladoc Health, Inc. (US) ', 'Athenahealth Inc. (US) ', 'MEDHOST (US) ', 'Cantata Health, LLC (US) ', 'Intersystems Corporation (US) ', 'Healthcare (US) ', 'Docpulse (India) '

In the past couple of decades, medical insurance has been a luxury in the developing and underdeveloped economies with more than 50% of the mass population in these regions lacking insurance coverage. With the emergence of private insurance companies’ insurance penetration rates are on the rise especially in the developing countries in Asia Pacific, Latin America and Eastern Europe. Higher insurance coverage requires more health record integration among hospitals, insurance companies and insured, this is expected to drive the demand for EHR market.

Digitalization is happening across industries and the healthcare sector is no exception. During the pandemic digitalization was the need of the hour and post pandemic digitalization has become the norm. With growing digitalization in the healthcare sector, it becomes important to store the patient records in a secure environment with ease of access. This is expected to drive the demand for the EHR market during the forecast period.

North America is dominating due to rising demand for electronic health record market due to the presence of a developed healthcare industry. In 2022, US spent an upwards of almost 17% of their GDP on healthcare sector while Canada spent more than 12% of their GDP. Hence large of government, private hospitals and clinics provide wide range of medical services which fuels the demand for EHR to better accountability and monitoring. Moreover, medical facilities in the US provide high end services hence medical tourism in US is significantly high. As a greater number of patients are travelling to North America from across the globe as part of medical tourism, medical institutes have invested in EHR software to maintain records.

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What is the global 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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