Market Overview

Global Electronic Health Records Software Market Was Valued At USD 1.42 Billion In 2022 And Is Projected To Grow To USD 2.75 Billion By 2030, Exhibiting A CAGR Of 9.1% From 2022 To 2030.


The market for software that keeps electronic health records is projected to grow by hundreds of millions of dollars between 2022 and 2030. Most of the time, electronic health record (EHR) software is used to collect and keep digitally in a structured way the medical information of patients. This program makes it easier to find out more about a patient, which makes care for patients as a whole more efficient and effective. EHR is likely to become more popular over the next few years because it has many different features, is easy to use, and can be used in many different types of healthcare settings. Laboratory systems, clinical paperwork, administrative operations, and pharmaceutical systems are the most important parts of electronic health record software. Also, it's important to keep track of information like the person's gender, age, medical history, race, allergies, medications, test results, directions, and billing information. More and more new technologies are being used to meet the wants of end users, which is making the market for electronic health record software grow.

Also, using artificial intelligence (AI) to predict clinical outcomes based on HER has changed the patient experience by making care better, and AI's part in the development of EHR software has helped the market grow. During the COVID-19 spread, one of the most important ways to keep track of patient information was through electronic health record software. In the future, the market will grow because of these events and changes as well as programs and funding backed by the government. During the time frame of the forecast, the electronic health record software market is projected to bring in a lot of money for North America.

Market Dynamics

Drivers: The market is growing because software for electronic health records is getting better and better.

During the expected time frame, technological growth is expected to drive the market for electronic health record software. AI makes software that works well together and has many different features. Machine learning and natural language processing can help keep track of a patient's medical history, organize huge libraries to find important papers, and measure how happy a patient is with their care. With the mix of machine learning mode and natural language processing, speech-to-text recognition systems can better translate what people say. Large amounts of patient data about the patient's course of therapy, the device used for treatment, and the doctor can be used to train algorithms, which can then be neatly separated by the individual patient, disease, and disease treatment. This will make it easier for people to look for papers and information in huge databases.

Restraint: The high cost of electronic health record software is slowing the market's growth

The market for electronic health records can't grow because the cost of the software is too high. It costs a lot to make, use, and keep up-to-date electronic health record software. Because it costs so much, EHR is hard to use in most emerging countries. Also, it is too expensive for poor countries to make AI-based algorithms and programs, which has slowed the industry a little bit. A lack of experienced staff and information on how to use complicated AI and machine learning algorithms, as well as a lack of IT infrastructure in low-income countries, are also expected to slow the market for electronic health record software. Since EHR technology is expensive, it is hard for the market to grow.

Opportunities: More government projects and partnerships are offering new chances

Electronic health record (EHR) software is being used more and more around the world because of government efforts, company acquisitions, collaborations, and implementations. One reason for this is that governments are making plans to make EHR less of a hassle for healthcare workers in terms of paperwork.

In Australia, for example, My Health Record is a government platform for digital health records. Everyone who lives in Australia can use the "My Health Record" app. By the end of 2022, all Australian health workers will be able to add to and use the platform's health information, according to the Australian Digital Health Agency (ADHA). The market for software for electronic health data grows when the government does things like these.

Major Market Segments Covered

On the basis of Type

The types of electronic health record software on the global market are Ambulatory, Acute, and Post-Acute. In 2021, the group of acute EHRs is expected to bring in the most money. This market segment is growing because small-scale services are starting to use electronic health data. For example, under the Prospective Inpatient Billing System (IPPS), urgent care clinics in the United States can get extra money from Medicare. The electronic health record for emergency care makes a record of all clinical facts about a patient. Also, these facts can be used for critical care, emergency services, hospitalization, and operating room needs.

On the Electronic Health Record Market, the ambulatory section is expected to bring in a big chunk of the money. The Emergency Electronic Health Record is meant to be used for outpatient care and small treatments. It is expected that the growth of the business will be boosted by the government's help in putting electronic health records in ambulances, especially during the COVID-19 pandemic. Unlike electronic health records for inpatients, outpatient electronic health records should help the market grow because they can be used.

The Post-Acute EHR is mostly used to help people get better after they have been in the hospital for acute care. Post-acute care services include hospitals and treatment centers where people can stay for a while, as well as home care services and hospitals that provide long-term care.

On the basis of Product

The global market for electronic health record software is split into two groups: web-based software and client-server software. The web-based EHR group is expected to bring in the most money in 2021. This segment is growing because small-scale health care providers and doctors like it. Web-based EHRs can be set up without in-house computers, and they have a lot of ways to be changed and improved. During the time frame of the estimate, client-server-based electronic health record software is expected to bring in a lot of money. The growth of the market was driven by web-based EHR, but this section does not need to be connected to the internet to work.

On the basis of End-User

By End User, the global market for electronic health record software can be broken down into Hospitals and Ambulatory. In 2021, Hospital EHR is expected to have a large part of the market's revenue. The rise of this market area can be linked to the huge amount of medical data that hospitals gather. EHR software is also much cheaper to install than ambulatory care centers, which is what drives the business.

A big chunk of the market's income comes from the category of ambulatory care centers. There are labs, shops, and doctor's offices there. It is expected that the growth of the market will be driven by the growing number of ambulatory service centers in developed countries.

Regional Insights

Geographically, North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa have studied the Electronic Health Records Software market. (MEA).


In 2021, North America made the most money from electronic health record software and ruled the world market. The growth has been helped by government moves that make it easier for people to use EHR software and by a strong healthcare infrastructure and high levels of digital literacy. TELUS HealthCare, for example, said that the next step of the digital integration of its employer-focused virtual care service, Akira by TELUS Health, with its electronic medical records will happen in March 2021.

North America makes more money from selling electronic health record software than Europe does. Demand on the EHR market and in healthcare research and development is growing. The Digital Single Market strategy of the European Commission makes it easier for the digital network and related services to grow. This should help the European economy grow. The European Commission, for example, said in February 2022 that it planned to spend €292 million in digital technologies. Some examples are European blockchain infrastructure, digital solutions for better government services, Artificial Intelligence (AI) for crime prevention, and AI testing centers.

Due to the growing demand for quality services and standards, which is part of the digitalization of healthcare in the Asia-Pacific region, the market for electronic health record software is likely to grow quickly over the next few years. The market for electronic health records is also growing because AI-based technologies are becoming more common and the government is making it easier to use artificial intelligence (AI) in many pharmaceutical areas.

Scope Of Report

Key Vendors

• Allscripts Healthcare, LLC
• GE Healthcare
• Cerner Corporation
• Epic Systems Corporation
• McKesson Corporation
• NextGen Healthcare, Inc.
• CureMD Healthcare
• Medical Information Technology, Inc.
• AdvancedMD, Inc.
• Greenway Health, LLC
 

1. Allscripts Healthcare, LLC

  Link up with HealthMisys and Allscripts merged to make the new Allscripts, which is the clear leader in software, services, information, and connectivity solutions that give doctors and other healthcare workers the tools they need to provide the best in patient safety, clinical outcomes, and financial results. Nationwide, more than 150,000 doctors, 700 hospitals, and thousands of other healthcare providers in clinics, post-acute care facilities, and homecare agencies use Allscripts solutions to automate and connect their clinical and business processes.

2. GE Healthcare

Every day, millions of people are affected by the smart gadgets, advanced analytics, and artificial intelligence made by GE Healthcare. As a world leader in medical technology and digital solutions, GE HealthCare's intelligent devices, data analytics, applications, and services, which are supported by its Edison intelligence platform, help clinicians make choices faster and with more information.

3. McKesson Corporation

McKesson Corporation is a global healthcare company that touches almost every part of health. They work with biopharma companies, care providers, pharmacies, manufacturers, governments, and others to provide insights, products, and services that make quality care more available and affordable.

4. NextGen Healthcare, Inc.

  NextGen Healthcare is always looking for ways to make the lives of doctors and the people they care for better. NextGen Healthcare gives ambulatory practices solutions that are made to fit their exact needs as they try to meet the quadruple aim and move toward value-based care.

5. CureMD Healthcare

CureMD is an award-winning network of health information management tools and services. It offers certified EMR, practice management, patient portal, and medical billing to help speed up adoption and qualify for Meaningful Use, which drives results and subsidy payments to maximize value and returns. The advanced web technology and award-winning usability of CureMD help people make good decisions, streamline processes, and make sure they are following the law. The CureMD All-in-One EMR system is made to make care more personalized, improve quality and patient safety, increase efficiency, and cut costs. Their integrated platform includes practice management, electronic health data, a patient portal, and a mobile care system for medical practices of all sizes.

Recent Development

• In June 202, IDatavant and Ciox Health made a deal to build the country's biggest health data platform. It will make it easy for patients, providers, funders, health data analytics firms, apps for patients, government agencies, and life science companies to share patient-level data.

• In May 2021, a proposed rule called "the Inpatient Prospective Payment Systems Rule" will be released by the government Centers for Medicare and Medicaid Services (CMS). The way that electronic health records help with care will change because of this rule. The changes would update how hospitals share information through electronic health records systems. This would help doctors and nurses give the best care possible.

• In April 2021, Microsoft bought Nuance Communications, Inc. so that it could use ambient clinical intelligence and other Microsoft cloud services to give healthcare workers more power.

• In February 2021, Capital Health, which is an area leader in providing innovative, high-quality patient care, will put in place a new electronic health record (EHR) in all of its acute care departments. So that people could get better care, this was done.

Market Segmentation

Global Electronic Health Records Software Market research report is categorized based on type, Product, End-User and region

By Type:

• Ambulatory
• Acute
• Post-Acute

By Product:

• Web Based
• Client-Server Based

By End-User:

• Hospital
• Ambulatory
• Physicians Clinic
• Pharmacy
• Laboratories

Global Electronic Health Records Software Market Regional Insights

• 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

Conclusion

The Contrive Datum Insights study reports give a full look at the market and focus on important things like the top companies, types of products, and top uses for those products. Aside from that, the study talks about market trends and shows how the industry has changed in important ways. The study also talks about a number of other things that have helped the market grow over the past few years. The biggest things that are driving the rise of the global electronic health records market are improvements in software technology and the healthcare sector. The rise of the market is also helped by the use of artificial intelligence (AI) in the development of EHRs software. During the COVID-19 outbreak, EHRs were also very important for managing and keeping track of patient data. The study gives an in-depth look at the size of the global electronic health records market, as well as the current trends and predictions for the future, to show where the best places to invest are.It gives a market forecast analysis from 2021 to 2030, which should help stakeholders take advantage of the current opportunities in the electronic health records market. It also gives a thorough analysis of the region, which helps to understand the regional market, make strategic business plans, and figure out where the opportunities are.