EHR Market

 Global EHR Market Size (2024 to 2032)

During the forecast period, the global electronic health records (EHR) market is estimated to grow at a CAGR of 4.24%. As a result, it is expected to be worth USD 44.51 billion by 2032 from USD 31.93 billion in 2024.

Current Scenario of the Global EHR Market

The electronic health record, or EHR system, is primarily used for the structured electronic gathering and storage of patient medical data in a digital format. EHR systems aid in expanding patient data accessibility, improving the overall productivity and efficiency of patient care. Electronic health records' usage is expected to increase due to their numerous features, applications, and interoperability across various healthcare settings. Electronic health records' use and features across various healthcare facilities are predicted to become increasingly common. Approved physicians can create and maintain health information in a digital format that can be shared with other clinicians across numerous healthcare organizations, which is one of the primary benefits of an EHR. EHRs are designed to share data with other healthcare providers and organizations, such as laboratories, specialists, medical imaging facilities, pharmacies, emergency rooms, and school and workplace clinics. They contain information from all clinicians involved in a patient's treatment.

MARKET DRIVERS

YoY growth in EHR adoption worldwide, increased usage of cloud-based EHR software, a rapid increase in the aging population, and the growing prevalence of chronic diseases propel the global EHR market growth.

Nowadays, people are living longer, resulting in an increasingly older population. According to World Health Organization (WHO), by 2030, 1 in 6 people will be above 60 years of age. Due to the increasing number of various types of disease among older adults, Electronic Health Record (EHR) has gotten more attention to improving the quality of the elderly population by addressing the issues. These electronic health records help store and securely organize the patient's data. They can access the registered customer or patient anywhere and anytime without bothering about the older reports. Older people are more careful of their health during the second wave of COVID-19. They schedule their appointment safely to reduce the spread of the virus by using these electronic health records. EHR data can help healthcare providers for better care in the customized time slot. These records also help to discuss a patient's disease and give the correct treatment according to the previous diseases they suffered.

EHR also allows for better patient engagement while reducing the time experts spend on paperwork. Incorporating artificial intelligence (Al) to anticipate EHR-based clinical outcomes has also enhanced patient experience by facilitating improved care delivery. In addition to these developments, the market expansion will be boosted by supportive government initiatives and funding in the field.

In the recent past, new expansion activities, product approvals, product launches, partnerships, and acquisitions have had a favorable impact on the global EHR market. Furthermore, as the world becomes more digital, there has been a significant increase in demand for electronic health records, fueling market growth. In addition, the rising need for healthcare administration centralization and streamlining is projected to drive market growth. The global EHR market is further expected to see significant development as more attempts to utilize digital platforms for pandemic management emerge and ongoing usage of digital technology in the future.

MARKET RESTRAINTS

The high cost of EHR and growing concerns about patient data safety and security due to the rise in cybercrime hampering the global EHR market growth.

The financial challenges linked to the adoption and management of Electronic Health Records (EHR) can be significant for medical providers. The cost related to applying EHR can range from tens of thousands to millions of dollars, depending on the complexity and size of the healthcare organization. Further, there are upkeep costs for the upgradation of hardware, training expenditures, maintenance charges, and subscription expenses for cloud-based EHR systems. These expenditures can put pressure on the estimates of healthcare companies, particularly rural hospitals and smaller practices.

One of the problems of thriving EHR implementation is moving large amounts of patient information from older systems to these records. It can be a complicated and tough task. Data storage can vary in format, may be inaccurate or inconsistent, and could present difficulties when migrating to this new system. Hence, this can result in data delays, mistakes, and loss in the implementation procedures.

In addition, information technology, a lack of uniform definitions and concepts, cultural issues, and a need for more needs assessment before implementation are challenges for electronic health record infrastructure. In contrast, structural challenges are caused by enforced instability, privacy violations, and legal cases. The lack of skilled professionals and lack of awareness about the usage of EHR also impact the market growth.

REPORT COVERAGE 

SEGMENTAL ANALYSIS

Global Electronic Health Records (EHR) Market By Product

In 2023, the web-based segment dominated the global EHR market. The popularity of web-based EHRs among smaller-scale physicians and healthcare providers can be attributed to the fact that they can be set up without in-house servers and accommodate significant updates and improvements as needed. This web-based EHR is designed to give access to the physician about the medical information and communicate with other physicians for the betterment of the treatment or the advanced tools they are using for the surgery. The information can be accessed from anywhere through the internet connection, which drives the segment growth forward.

Global Electronic Health Records (EHR) Market By Type

In 2023, the acute segment accounted for the most significant share of the global EHR market. Government initiatives to install EHRs in small facilities, such as acute hospitals in the United States covered by the inpatient prospective payment system (IPPS) and eligible for the Medicare Incentive Payment System, have fuelled the rise. Ambulatory EHRs, often known as outpatient EHRs, are designed in outpatient care facilities and small offices. Government support for implementing outpatient EHRs will likely drive market growth, particularly during the Covid-19 pandemic.

Global Electronic Health Records (EHR) Market By End-User

The hospital segment held the largest share of the global EHR market in 2023 and is estimated to continue during the forecast period. The growth of this segment is fuelled by a vast volume of hospital medical data. Using these electronic health records in hospitals can also manage the inpatients and outpatients according to the number of appointments in a day. They can also get a clear idea of infrastructure usage and the instruments used. These electronic health record also helps to gather information about all the patients admitted to the hospitals and get a clear view of the percentage of people suffering from different diseases. Hospital management can see patients increasing or decreasing progress and how many surgeries are going through in a particular period. All these factors drive the market growth in this segment.

Global Electronic Health Records (EHR) Market By Business Models

In 2023, the professional services segment led the global EHR market. The segment is estimated to be driven by the growing demand for professional services such as project management, clinical process optimization, technical & application expertise, regulatory consulting, and training & education of clients workforce to aid in designing and implementing systems.

REGIONAL ANALYSIS

Geographically, the North American EHR market is estimated to dominate the global market and is anticipated to remain so for the foreseeable future. Technological developments, significant government and private sector investments in healthcare, and the presence of prominent industry players are some of the factors driving market expansion in the North American region. In contrast to other geographical locations, the healthcare IT market in the United States is one of the most established. Due to strict regulatory requirements, most hospitals and clinics in the region have deployed EHR solutions. Canada and the United States are the top countries in this region that have deployed EHR systems. Many Canadians are starting to connect with this electronic health information, which helps them keep their bodies healthy in several ways. Canadian EMR adoption rates have increased by 25 percent in recent years. This helps in user benefits to adoption, including time savings, improved record keeping, increased patient safety, and easy data retrieval when needed.

The European EHR market is anticipated to register a CAGR of 3.44% during the forecast period from 2024 to 2032. In Europe, the European electronic health record exchange format helps most people in the EU region. This will help citizens quickly access and share their health data with healthcare professionals. This process helps the people treated in another EU country by securing access and safely sharing the data. Germany holds the largest market share. In 2023, the most extensive digitization project launched in the German healthcare system after many years of preparation. This helps enable digital connectivity within the German healthcare system, between patients and service providers, and between service providers in hospital settings and primary care. In the coming years, the telematics infrastructure will be connected to pharmacies, physiotherapists, ambulatory elderly care, and other providers.

The APAC EHR market is expected to be worth USD 11.08 billion by 2032. Electronic health records (EHR) use in medical practice has recently increased in India. Indian people are suffering from more chronic disseise such as cancer, cardiovascular disease, and diabetes. The patients admitted to the hospital will need to fill in all the details of personal and health information for registration. In India, multi-specialty hospitals use EHR systems to provide better health care to patients. Doctors or healthcare providers use this patient information from anywhere to give patients the correct treatment.

The EHR market in the Latin American region was valued at USD 2.52 billion in 2024. Increasing digital transformation in Latin America drives the electronic health record. In Latin America, hospitals are adopting electronic health records.

Middle East Africa has moderate growth in this market. A poor health information system is the central issue in Africa for the growth of electronic health records. Recently, this region also focused on adopting electronic health records to improve access to patient information. However, due to the high costs of maintenance of the EHR system, lack of financial incentives and priorities, and poor electricity supply and internet connectivity, some of the regions in Middle East Africa have adopted this EHR system in their region.

KEY MARKET PLAYERS

Cerner Corp., GE Healthcare, NextGen Healthcare, Inc., eClinicalWorks, Medical Information Technology, Inc., HMS, CPSI, AdvancedMD, Inc., DXC Technology Company, CureMD Healthcare, Greenway Health, LLC, Allscripts Healthcare, LLC, McKesson Corp., and Epic Systems Corp. are some of the noteworthy players operating in the global EHR market profiled in this report.

RECENT MARKET HAPPENINGS IN THE GLOBAL EHR MARKET

• In October 2024, Oracle reported a fresh electronic health record, or EHR, which has characteristics latest cloud and artificial intelligence abilities. Oracle’s latest EHR release signifies its most important advancement in healthcare technology since the 28 billion acquisition of Cerner, a prominent player in electronic healthcare records, in 2022. Moreover, the company’s new solution has the ability to strengthen its position in this intensely competitive market, where it has encountered difficulties in recent times.
• In March 2021, simboAlpha, Simbo.ai's main cloud-based API (Application Programming Interface) technology platform, was launched. It enables EMR providers, health app providers, and hospital chains to give innovative voice-based EMRs to their physicians.
• In 2021, Capital Health is now using a new electronic health record (EHR) in hospitals for better patient care. To make treatment decisions, protect patient safety, and improve the patient experience, doctors, nurses, and staff can access and record important patient information using the EHR from global healthcare technology. Level II regional trauma center, stroke center, regional perinatal center, and emergency mental health screening center are all services provided by Capital Health. Additionally, Capital Health offers some of the most advanced cancer care.
• In October 2020, Epic Systems launched the Epic EHR in 190 health systems making it the vendor's most effective implementation globally. In addition, COVID-19 test ordering is now available through Health Gorilla's platform, a leader in healthcare data interchange, as of March 2020.

DETAILED SEGMENTATION OF THE GLOBAL ELECTRONIC HEALTH RECORDS (EHR) MARKET INCLUDED IN THIS REPORT

This research report on the global electronic health records (EHR) market has been segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2032.

By Product

• Client-server-based
• Web-based

By Type

• Acute
• Ambulatory
• Post-acute

By End-User

• Hospitals
• Ambulatory Care
• Physician's Clinic
• Laboratories
• Pharmacies

By Business Models

• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others

By Business Models

• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa