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

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 demand for the Electronic Health Records market is growing massively mainly due to the growing digitalization of the healthcare sector. Post pandemic government and companies are investing significantly in digitalization to provide contactless services, to gather and store data for understanding trends and medical history of patients. Medical professionals are also spending an increased amount of time to analyze the medical history of patients before diagnosis. Growing insurance penetration, especially in developing economies, is also boosting the demand for integrated data on patients’ medical history, prior diagnosis and hospitalization records. Insurance companies access web based electronic health record or client/medical institutes stored records to settle claims and compensations. It is not only the institutions and companies, growing awareness among people regarding their medical history coupled with higher internet connectivity is also boosting the demand for electronic health records. Patients are more willing to access their medical records electronically from any part of the world than storing paper based medical records. With a high volume of sensitive health data stored over the cloud or on client-based servers, end users and technology companies are investing more in data safety and securing. Governments across geographies are coming up with strict data safety regulations which might impact the demand for electronic health record market.