Global Electronic Health Records Market is valued at USD 28.43 Billion in 2021 and expected to reach USD 52.98 Billion by 2027 with the CAGR of 9.3% over the forecast period
The Detailed Market intelligence report on the Electronic Health Records Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Electronic Health Records Market place for the forecast 2022– 2028.
The increasing need to improve the safety or quality of healthcare delivery and increased use of healthcare settings in the medical environment is expected to grow the electronic health records market.
An Electronic Health Record (EHR) is an electronic version system that is maintained by healthcare professionals and it includes a combination of administrative data such as demographics, progress notes, problems related to medications, past medical history, laboratory data, and radiology reports. EHR contains real-time patient-centered records that make the information available more securely and immediately to authorize users. EHR is aimed at improving better manage care for patients by providing accurate, up-to-date, and appropriate information about patients at the point of care. It assists to diagnose patients with fewer amounts of errors, more reliable prescribing and reduces the cost through decreased paperwork, improved safety, and improved health. An EHR gives patients a great deal of convenience where patients can fill out their intake forms electronically from their homes or from anywhere else. For example; specialized EHR software offers quick data entry recovery for all patients in every treatment scenario.
Electronic health records market report is segmented on the product, application, end-users, and regional & country level. Based upon product, the electronic health records market is segmented into the cloud-based software and on-premise software. On the basis of applications, the market is segmented into clinical application, administrative application, reporting in the healthcare system, healthcare financing, and clinical research application. Furthermore, based upon end-user electronic health records market is segmented into hospitals, clinics, specialty centers, and others.
The regions covered in this Electronic Health Records Market report are North America, Europe, Asia-Pacific, and the Rest of the World. On the basis of country level, the market of Electronic Health Records Market is subdivided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Some major key players for electronic health records market are,
The key factors driving the growth of electronic health records are the growing need for improving health record portability, immediate accessibility of accurate billing & coding, and the increasing complexity of handling administrative records. For example; primary-care physicians have realized that EHR has usually led to improve quality of care with nearly 63% and most of them are satisfied with their current EHR systems. For example; American Hospital Association (AHA) and AHA Annual Survey Information Technology reported that, in 2017, around 94% of hospitals used electronic clinical data from their EHR system and they have realized that the EHR system is largely being implemented in order to support quality improvement with nearly 82% and monitor the patient’s safety with 81%. In addition, the government bodies are significantly passed some requirements regarding the required use of electronic records, or else they must face monetary penalties.
However, various certifications and licenses are needed for the installation of EHR software as well as data privacy issues are arises during operations and this can turn out to be one of the restraining factors of this market. New innovative EHR technology will help in the interoperable applications and work intelligently upon complex healthcare information, all of which can offer lucrative opportunities for the EHR market in the coming years.
North America is accounted for the largest share in the electronic health record market owing to continuous progress in healthcare facilities in this region for the last few years. Additionally, increasing expansion of healthcare IT infrastructure for a better quality of care is also driving the adoption of the electronic health record market in this region. For example; more than 75% office-based clinicians and around 96% of hospitals based in the U.S. are using EHR systems. In 2017, across the U.S. 99% of large, 97 % of medium, and 93 % of small rural non-federal hospitals had a certified EHR system in operation.
Europe is the second most leading region for EHR followed by Asia pacific due to European countries have increasingly promoted the development of EHR systems and several government organizations aimed at improving the patient’s safety.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 28.29 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 41.51 Billion|
|Tables, Charts & Figures:||175|
|Electronic Health Records Companies||3M Company, Toshiba Medical Systems Corp., Hyland Software, Siemens Medical Solutions, McKesson Corporation, Henry Schein, Inc., Allscripts Healthcare Solutions, Inc., WRS Health, Medical Information Technology, Inc. (Meditech), Cerner Corporation, Quest Diagnostics, GE Healthcare, Epic Systems, SequelMed, Kofax Limited, others.|
|Segments Covered||By Deployment, By Type, By Application, By End User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Middle East and Africa