Electronic Health Record (EHR) Market Analysis

Electronic Health Record Market Analysis

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.
 

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.
 

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.
 

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.