Electronic Health Records Market Size, Share, Growth Analysis, By Product(Client Server Based and Web Base), By Type(Acute EHR, Ambulatory EHR and Post-Acute EHR), By End user(Hospitals Use and Ambulatory Use (Physician’s Clinic Laboratories and Pharmacy)), By Business Model(Licensed Software, Technology Resale, Subscriptions, Professional Services), By Region - Industry Forecast 2024-2031

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. 

Asia Pacific is expected to have the fastest growing demand for electronic health records. Developing economies in Asia Pacific such as China and India are investing a lot on the insurance sector. For instance, in India a little over 30% of households have insurance coverage which significantly low is comparison to 92.1% of the US citizens with insurance coverage. Hence the potential insurance penetration rate is high in developing economies in Asia Pacific. In addition, post pandemic governments in Asia Pacific region are upgrading the hospital infrastructure which include upgrading IT infrastructure thus augmenting the demand for HER during the forecast period.