Pharmaceuticals and Healthcare
Ehr Market | Contrive Datum Insights
EHR Market Size, Share & Trends Estimation Report By Product Type Outlook (Client-server-based EHR & Web-based EHR) By Type Outlook (Acute, Ambulatory & Post-acute) By Region And Forecasts, 2022 - 2030
Published :
Report ID:
Pages :
Format : 
The Global EHR market was valued at $26.0 billion in 2022 and is expected to reach $37.0 billion by 2030, growing at a CAGR of 7.3% during the forecast period. The report notes that the increasing demand for digitalization of healthcare systems, growing investments in healthcare IT, and government initiatives to promote EHR adoption are some of the key factors driving the growth of the global EHR market.
The global EHR (Electronic Health Record) market refers to the market for digital systems that store and manage patient health information, including medical histories, diagnoses, treatment plans, test results, and other clinical data. EHR systems are used by healthcare providers and organizations to improve patient care, reduce medical errors, streamline workflows, and share information with other providers.
The report also highlights some of the key players in the global EHR market, including Epic Systems Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., MEDITECH, eClinicalWorks, Athenahealth, Inc., NextGen Healthcare, Inc., CPSI, AdvancedMD, Inc., and GE Healthcare.
Market Dynamics
Driving Factors
There are several driving factors that are contributing to the growth of the global EHR market. Some of the key factors include:
Government initiatives to promote EHR adoption: Many governments around the world are implementing initiatives to promote the adoption of EHR systems. These initiatives include incentives for healthcare providers who adopt EHR systems, as well as regulations that require healthcare providers to use EHR systems.
Increasing focus on patient-centric healthcare: Healthcare providers are increasingly focusing on providing patient-centric healthcare, and EHR systems can help them achieve this goal by providing a comprehensive view of a patient's health information.
Rising prevalence of chronic diseases: The prevalence of chronic diseases such as diabetes, heart disease, and cancer is on the rise, and EHR systems can help healthcare providers manage these conditions more effectively by providing access to patient data in real-time.
Restraining Factors
While there are several driving factors contributing to the growth of the global EHR market, there are also several restraining factors that could slow down the growth or adoption of EHR systems. Some of the key restraining factors include:
Security and privacy concerns: EHR systems store sensitive patient health information, making them an attractive target for cyber-attacks. Ensuring the security and privacy of patient data is critical to the success of EHR systems, and any data breaches could harm patient trust in the system.
Resistance to change: Healthcare providers may be resistant to change, especially when it comes to new technology. Resistance to change can make it challenging to implement and adopt EHR systems, even when the benefits are clear.
Lack of technical expertise: EHR systems require specialized technical expertise to implement, configure, and maintain. Smaller healthcare providers may not have the necessary expertise in-house, which can make it difficult for them to adopt EHR systems.
Challenges Factors
The adoption and implementation of EHR systems can present several challenges to healthcare providers and organizations. Some of the key challenges include:
User adoption and training: Adoption of EHR systems by healthcare providers and staff can be challenging, especially if they are not familiar with the technology. Training and support are necessary to ensure that users can effectively use the EHR system.
Cybersecurity and data privacy: EHR systems store sensitive patient data, making them a target for cyberattacks. Ensuring the security and privacy of patient data is critical to the success of EHR systems.
Opportunity Factors
There are several opportunities for growth and innovation in the global EHR market. Some of the key opportunities include:
Advanced analytics and artificial intelligence: EHR systems generate vast amounts of data, and advanced analytics and AI can help healthcare providers leverage this data to improve patient outcomes, identify trends, and reduce costs.
Patient engagement: EHR systems can be used to improve patient engagement by providing patients with access to their health information, enabling them to track their progress and communicate with their healthcare providers.
Telemedicine integration: EHR systems can be integrated with telemedicine platforms to enable remote consultations and improve access to healthcare for patients in remote or underserved areas.
{{info}}
Segmentation Analysis
Product Outlook
EHR software is the largest segment of the EHR market, as it includes the core EHR system and related software applications. EHR software is used to store, manage, and retrieve patient health information, and it is critical for clinical decision-making.
EHR services include implementation, training, support, and maintenance services provided by EHR vendors or third-party providers. Services can be customized to meet the specific needs of healthcare providers and can include data migration, customization, and integration with other healthcare IT systems.
EHR hardware includes servers, computers, mobile devices, and other hardware components necessary to support EHR systems. Hardware can be provided by EHR vendors or purchased separately by healthcare providers.
The software segment is expected to continue to dominate the EHR market, as EHR software is the backbone of the EHR system and critical for healthcare providers to store and manage patient health information. The services segment is also expected to grow as healthcare providers increasingly require support for EHR implementation and maintenance. The hardware segment is expected to grow at a slower rate, as cloud-based EHR systems reduce the need for on-premises hardware.
End Use Outlook
Hospitals are the largest end-user segment of the EHR market, as they typically have large patient volumes and require sophisticated EHR systems to manage patient health information. EHR systems in hospitals can support clinical decision-making, improve care coordination, and reduce medical errors.
Ambulatory care centers, such as clinics and outpatient facilities, are another important end-user segment of the EHR market. EHR systems in ambulatory care settings can improve patient flow, reduce wait times, and improve communication between healthcare providers.
Other healthcare providers, such as long-term care facilities and rehabilitation centers, are also important end-users of the EHR market. EHR systems in these settings can improve patient outcomes, reduce costs, and support care coordination.
Regional Analysis
North America is the largest market for EHR systems, driven by the high adoption rate of EHRs in the US. The region is expected to continue to dominate the market due to the presence of a large number of healthcare providers, government initiatives promoting EHR adoption, and favorable reimbursement policies.
{{info2}}
Scope Of Report:
| Report Attribute | Details |
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Estimated year | 2023 |
| Forecast period | 2023-2030 |
| Historic Period | 2017-2022 |
| Units | Value (USD Billion) |
| Growth Rate | CAGR of 7.3% from 2023 to 2030 |
| By Product |
|
| By Type |
|
| By End-use |
|
| By Business Models |
|
| By Companies |
|
| Regional Scope |
|
| Reasons to Purchase this Report and Customization Scope |
|
The Global EHR Market has been segmented into:
By Product
- Client-server-based EHR
- Web-based EHR
By Type
- Acute
- Ambulatory
- Post-acute
By End-use
- Hospital Use
- Ambulatory Use
- Physician’s Clinic
- Laboratories
- Pharmacy
By Business Models
- Licensed Software
- Technology Resale
- Subscriptions
- Professional Services
- Others
By Region
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Market Players
The global EHR market is highly competitive and fragmented, with numerous players vying for market share. Some of the key companies in the market are:
- Cerner Corporation (Oracle)
- GE Healthcare
- Allscripts Healthcare, LLC
- McKesson Corporation
- Epic Systems Corporation
- NextGen Healthcare, Inc.
- eClinicalWorks
- Medical Information Technology, Inc.
- Health Information Management Systems
- CPSI
- AdvancedMD, Inc.
- CureMD Healthcare
- Greenway Health, LLC
These companies are major players in the EHR market, with strong brand recognition and a wide range of products and services. They have invested heavily in research and development to develop advanced EHR systems that can meet the evolving needs of healthcare providers.
In addition to these large players, there are also a number of smaller, niche players in the market offering specialized EHR products and services. These companies often focus on specific market segments or geographic regions, and they may have a competitive advantage in those areas.
Strategic Developments
In May 2021, Cerner Corporation announced the acquisition of Kantar Health, a global healthcare data and analytics company, for $375 million. The acquisition is expected to enhance Cerner's capabilities in real-world data and analytics.
In March 2021, Allscripts announced the acquisition of its competitor, CarePort Health, for $1.35 billion. The acquisition is expected to strengthen Allscripts' position in care coordination and post-acute care.
In November 2020, Philips announced the acquisition of BioTelemetry, a remote cardiac monitoring and diagnostic company, for $2.8 billion. The acquisition is expected to expand Philips' offerings in remote patient monitoring and telehealth.
In August 2020, CompuGroup Medical SE & Co. KGaA (CGM) announced the acquisition of eMDs, a provider of EHR and practice management software, for $240 million. The acquisition is expected to strengthen CGM's position in the US market.
In August 2020, Cerner Corporation announced the acquisition of AbleVets, a provider of cybersecurity and IT consulting services for the federal government, for an undisclosed amount. The acquisition is expected to enhance Cerner's capabilities in cybersecurity.
Frequently Asked Questions
Select Licence Type
Connect with our sales team
