Electronic Health Record (EHR) Market - By Product (Web/Cloud Based EHR Software, On-premises EHR Software), By Application (E-prescription, Practice Management, Referral Management, Patient Management, Population Health Management), End-use & Forecast, 2032

Industry Statistics

Electronic Health Record Market size was valued at over USD 62.5 billion in 2022 and is anticipated to grow at over 14% CAGR from 2023 to 2032. Increasing expenditure on healthcare across European countries to shape market trends.    
 

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High healthcare spending and implementation of numerous initiatives and programs to adopt and strengthen electronic health records will influence market progress. Governments across various nations are injecting huge funds and investments into the healthcare sector. For instance, in 2021, the Government of India launched a digital health initiative scheme called Ayushman Bharat Digital Mission (ABDM) that aims to provide easy access to treatment records, thereby enabling faster and more effective treatment for patients.
 

High cost of implementing EHR systems could impede market development

One of the major obstacles to the adoption of EHRs by medical groups, particularly by smaller organizations like physician groups, is the high cost of installation and maintenance. According to the ONC, the assessed installation cost of electronic health records goes from USD 15,000-70,000 for every doctor. This cost also varies depending on the type of EHR, the location, the number of doctors, and the length of time. Raised security dangers and protection concerns further amount to the expense structure.
 

Wide-ranging features of web/cloud-based EHR software to drive market size

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Electronic health record market from the web/cloud-based EHR software segment was valued at around USD 35 billion in 2022 and is anticipated to showcase commendable growth until 2032. Web/cloud-based EHR systems are easy to set up and do not require any additional software or hardware. Software that is hosted in the cloud can facilitate quicker ROI (return on investment) and helps to prevent interruptions in cash flow. Additionally, web/cloud-based EHR software enables the addition of new users, physicians, or locations, features that will boost its adoption.
 

Growing popularity of practice management software to propel industry outlook

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Electronic health record market from the practice management application is expected to be valued at over USD 59.5 billion by 2032. Practice management software makes the billing procedure simpler in order to speed up payments. It helps with the day-to-day work in hospitals and clinics and also aids in the management of a number of tasks, such as the management of medical bills, the medical documentation of procedure codes, the appointment scheduling of patients, and the verification of insurance.
 

Rapid implementation of EHR solutions across ambulatory surgical centers

EHR market from the ambulatory surgical centers segment is anticipated to observe a 14.8% CAGR between 2023 to 2032. Ambulatory electronic health record systems are gaining popularity with rapid technological developments and innovations in the healthcare sector. According to the Centers for Disease Control and Prevention (CDC), around 90% of the hospitals in the US are already using ambulatory EHR to improve healthcare quality as well as support the performance and efficiency of medical workers.
 

Growing regulations to adopt national-wide EHR system to shape European market statistics

Europe electronic health record market is anticipated to exceed USD 66 billion by 2032. European countries are embracing EHRs to improve healthcare as investments and innovation accelerate in this space. Growing regulations to adopt national-wide electronic health record systems and new projects to boost developments in EHR will accelerate regional market revenue. The project centers around the use of electronic health records (EHRs) from different countries in Europe to drive R&D and improve responses to unexpected and expected crises.
 

New partnerships among leading industry players to complement market development

Global electronic health record market contains some of the leading players like Allscripts Healthcare Solutions Inc., Global Payments Inc. (AdvancedMD, Inc.), Oracle Corporation (Cerner), Epic Systems Corporation, CureMD Healthcare, Medical Information Technology (MEDITECH), eClinicalWorks, GE Healthcare, Greenway Health LLC., Health Information Management Systems, LLC, Modernizing Medicine, Cantata Health Solutions, NextGen Healthcare, Inc., and Neusoft Corporation.
 

The electronic health record market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:

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By Product

• Web/ Cloud based EHR software
• On-premise EHR software

By Application

• E-prescription
• Practice management
• Referral management
• Patient management
• Population health management

By End-use

• Hospitals
• Specialty centers
• Clinics
• Ambulatory surgical centers
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Poland
  • Netherlands
  • Switzerland
• Asia Pacific
  • Japan
  • India
  • China
  • Australia
  • South Korea
  • Indonesia
  • Thailand
  • Singapore
  • Malaysia
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Columbia
  • Peru
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Iraq
  • Israel