Forecasting Electronic Health Records Market: Size, Share, Growth, and Trends for 2024
Electronic health records market size was reached at USD 26,200.5 million in 2018. The electronic health records industry is projected to grow to USD 54,262.8 million by 2032, exhibiting a compound annual growth rate (CAGR) of 5.3 during the forecast period (2019 – 2032). Electronic Health Records (EHR) Market Size, Share & Industry Analysis, By Product (Web-based, On-premise), By Type (Stand Alone, Integrated) By End User (Physician’s Office, Hospitals, Others) and Regional Forecast, 2019-2032
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This report includes a comprehensive table of contents, along with figures, tables, and charts, providing insightful analysis. The electronic health records industry development in healthcare market has experienced significant growth in recent years, fueled by factors such as rising product demand, an expanding customer base, and advancements in technology.
Regional Attributes:
- North America (U.S. and Canada)
- Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)
- Latin America (Brazil, Mexico, and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
This report provides actionable growth insights through a comprehensive analysis that includes secondary research, primary interviews with industry stakeholders, and validation using the Fortune Business Insights regional database. It features detailed primary data from market players across the value chain in all regions, as well as insights from industry experts to deliver both qualitative and quantitative information.
Top Key players:
Leading companies in the market prioritize strategic acquisitions to enhance their R&D capabilities and secure a competitive advantage, allowing them to provide innovative products to users. Here is a list of the top companies in the electronic health records industry:
- Epic Systems Corporation
- Cerner Corporation
- Allscripts Healthcare, LLC
- Medical Information Technology, Inc. (MEDITECH)
- Athenahealth
- eClinicalWorks
- NextGen Healthcare
- MEDHOST
- CareCloud Corporation
- Others
Research Objectives:
This study aims to comprehensively define, describe, and forecast the Electronic Health Records Market across various dimensions, including product, component, delivery mode, type, model, application, interactivity level, setting, and region. It strives to provide detailed insights into the main drivers of market growth, along with the challenges, opportunities, and constraints the market faces. The research will identify potential opportunities for stakeholders and map out the competitive landscape for industry leaders. Additionally, the study will strategically analyze the market structure by profiling key players and assessing their market shares and core strengths.
The research will track and evaluate competitive developments within the electronic health records industry, such as acquisitions, product launches, enhancements, expansions, agreements, collaborations, and partnerships. By offering a detailed overview of these activities, the study aims to equip stakeholders with insights that support strategic decision-making and informed investment choices. Through an in-depth examination of market dynamics and a comprehensive analysis of competitive strategies, the research seeks to improve understanding of the current market landscape and its future prospects.
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Key Industry Developments:
- June 2021: Datavant and Ciox Health finalized an agreement to create a new company, establishing the largest health data ecosystem in the nation. This initiative will facilitate secure patient-level data exchange among patients, providers, payers, health data analytics firms, patient-facing applications, government organizations, and life science companies.
- May 2021: The Centers for Medicare and Medicaid Services (CMS) released a draft rule titled “Inpatient Prospective Payment Systems Rule” on May 10, 2021. This rule aims to modernize the way electronic health records support care, enhancing how hospitals share information and improving the quality of care provided by doctors and nurses.
- April 2021: Microsoft Corp acquired Nuance Communications, Inc. to leverage ambient clinical intelligence and other Microsoft cloud services to empower healthcare providers.
- February 2021: Capital Health, a leading regional provider of progressive, quality patient care, implemented a new electronic health record (EHR) system across the acute care areas of its two hospitals to improve patient service.
Frequently Asked Questions About This Report:
- What is the size of the Electronic Health Records Market?
- How fast is the electronic health records industry growing?
- Which segment holds the largest share of the Electronic Health Records Market?
- Who are the major players in the electronic health records industry?
- What are the key drivers behind the growth of the Electronic Health Records Market?
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