The Electronic Health Records [EHR] Market size was esteemed at US$ 29.15 billion in 2023 and is projected to reach US$ 39.89 billion by 2031, enlisting a CAGR of 4% from 2024 to 2031.
Electronic health record is an electronic rendition of patient's medical services records. EHR assembles, makes, and stores the health record electronically. EHRs are taken on by medical services suppliers, attributable to interest for cutting edge medical care offices. The center parts of an EHR incorporate managerial capacities, electronic doctor request section, lab frameworks, radiology frameworks, drug store frameworks, and clinical documentation. EHR incorporates data, for example, age, orientation, nationality, health history, prescriptions, sensitivities, inoculation status, lab test results, emergency clinic release guidelines, and charging data.
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The development of the worldwide electronic health records market is significantly determined by the progressions in programming innovation and in medical care area. What's more, presentation of man-made reasoning (AI) in the advancement of EHRs programming add to the development of the market. Also, EHRs assumed a significant part in administration and recording of patient’s information during the COVID-19 pandemic circumstance.
Electronic medical record (EMR) frameworks are turning out to be progressively famous as the medical services industry is pushing toward digitization. A great deal of government drives, for example, empowering doctors to take on electronic health records, putting resources into preparing the medical services data innovation laborers, and laying out provincial augmentation places to give specialized and different devices, are setting off the EMR market's development
Key Drivers:
EHR additionally takes into account a better understanding of commitment while decreasing the number of time specialists spend on administrative work. Consolidating computerized reasoning (AI) to expect EHR-based medical results has additionally benefited in upgrading patient experience by working with further developed care conveyance. Notwithstanding these turns of events, the market development will be helped by steady government drives and financing in the field.
In the new past, new extension exercises, item endorsements, item dispatches, associations, and acquisitions well affect the worldwide EHR market. Besides, as the world turns out to be more computerized, there has been a huge expansion sought for electronic health records, powering market development. Likewise, the rising requirement for medical services organization centralization and smoothing out is projected to drive market development. The worldwide EHR market is additionally expected to consider huge advancements to be more endeavors to use computerized stages for pandemic administration arise and continuous utilization of advanced innovation later on.
Restraining factor
In the new past, new extension exercises, item endorsements, item dispatches, associations, and acquisitions well affect the worldwide EHR market. Besides, as the world turns out to be more computerized, there has been a huge expansion sought for electronic health records, powering market development. Likewise, the rising requirement for medical services organization centralization and smoothing out is projected to drive market development. The worldwide EHR market is additionally expected to consider huge advancements to be more endeavors to use computerized stages for pandemic administration arise and continuous utilization of advanced innovation later on.
Coronavirus helpfully affects medical care frameworks' acknowledgment of EHR. The electronic health record is likewise used to help clinical exploration exercises by permitting specialists to share and access exact clinical information that has supported them in COVID-19 pattern investigation and medication improvement. This has additionally supported the administration of huge patient data sets in emergency clinics with incorporated EHR frameworks. Moreover, industry sources are helping the public authority with pandemic readiness.
By Installation type:
Cloud-based
On-Premise
By Type:
Acute EHR
Ambulatory EHR
Post-Acute EHR
By Application:
Clinical Application
Administrative Application
Reporting in Healthcare System
Healthcare Financing
Clinical Research Application
By End-User:
Hospitals
Diagnostics and Imaging centers
Ambulatory care centers
Pharmacies
![Electronic Health Records [EHR] Market Segmentation Analysis](/assets/ckeditor/kcfinder/upload/images/Electronic-Health-Records-%5BEHR%5D-Market(1).png)
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The EHR market is fragmented based on item, type, application, end client, and district. In light of the item, it is isolated into on-premise programming and cloud-based programming. By type, the market is primarily arranged into ongoing EHR and wandering EHR.
Based on application, it is ordered into the medical application, managerial application, announcing in medical services framework, medical care funding, and medical exploration application. By end-user, it is portioned into, medical clinics, facilities, specialty focuses, and opposite end clients.
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
South Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
North America accumulated a significant offer in the electronic health records market in 2023, and is supposed to overwhelm the worldwide market during the conjecture time frame, inferable from the ascent in number of central members to foster trend setting innovation in medical care industry, presence of EHR specialist co-ops, and deep-rooted medical services foundation. Be that as it may, Asia-Pacific is supposed to enlist the most noteworthy CAGR of 6.4% from 2024 to 2031, attributable to increment in the quantity of emergency clinics, commonness of constant illnesses, ascend in number of geriatric populaces, and ascend in mindfulness about the utilization of electronic health record.
The Mjaor Players 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, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 29.15 Billion |
| Market Size by 2031 | US$ 39.89 Billion |
| CAGR | CAGR of 4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Holter Monitors, Resting ECG System, Stress ECG Monitors, Event Monitoring Systems, ECG Management Systems) • By End-Use (Hospitals & Clinics, Ambulatory Facilities, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 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 |
Ans: The Electronic Health Records (EHR) Market size is to reach US$ 39.89 billion by 2031.
Ans: The Electronic Health Records (EHR) Market size is to grow at a CAGR of 4% over the forecasr period 2024-2031.
Electronic Health Records (EHR) Market is divided into four segments and they are by installation type, By Type, By Application, and By End Users.
North America had the largest offer in the market for electronic health records market.
Manufacturer and service provider, research institutes, universities, and private libraries, suppliers, and distributors.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Electronic Health Records (EHR) Market Segmentation on the basis of Installation type
8.1 Cloud-based
8.2 On-Premise
9. Global Electronic Health Records (EHR) Market Segmentation on the basis of Type
9.1 Acute EHR
9.2 Ambulatory EHR
9.3 Post-Acute HER
10. Global Electronic Health Records (EHR) Market Segmentation on the basis of Application
10.1 Clinical Application
10.2 Administrative Application
10.3 Reporting in Healthcare System
10.4 Healthcare Financing
10.5 Clinical Research Application
11. Global Electronic Health Records (EHR) Market Segmentation on the basis of End-User
11.1 Hospitals
11.2 Diagnostics and Imaging centers
11.3 Ambulatory care centers
11.4 Pharmacies
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Cerner Corporation (Oracle)
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 GE Healthcare
13.3 Allscripts Healthcare, LLC
13.4 McKesson Corporation
13.5 Epic Systems Corporation
13.6 NextGen Healthcare, Inc.
13.7 eClinicalWorks
13.8 Medical Information Technology, Inc.
13.9 Health Information Management Systems
13.10 CPSI
13.11 AdvancedMD, Inc.
13.12 CureMD Healthcare
13.13 Greenway Health, LLC
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
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