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Electronic Health Record (EHR) Market – By Product Type (Web/ Cloud-based, On-premises), Application (E-prescription, Practice Management, Referral Management, Patient Management, Population Health Management), End-user, Global Forecast 2024 – 2032
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Electronic Health Record (EHR) Market
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 288
Countries covered: 34
Pages: 120
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Electronic Health Record Market Size
Electronic Health Records Market size was valued at USD 34 billion in 2023 growing at a CAGR of 7.4% between 2024 and 2032. The market is experiencing dynamic growth driven by increasing demand for efficient, high-quality healthcare services. EHR enhances care coordination, minimizing medical errors, and streamlining clinical workflows, resulting in improved patient outcomes and greater physician adoption.
For instance, a study of 141 primary care physicians at UW Health revealed that from April 2022 to March 2023, doctors spent 30 minutes (7.8%) more on EHRs per eight hours of clinical appointments compared to 2019-2020. Time in orders increased by 231 minutes (60%), inbox time by 14 minutes (24%), clinical review by 7.2 minutes (13%), and notes by 2.9 minutes (2.3%). This growing EHR adoption among physician’s fuels market demand. Additionally, government initiatives and regulations promoting the use of EHR systems, coupled with financial incentives for healthcare providers to adopt digital health technologies, further drive market growth.
Electronic health record (EHR) is a digital version of a patient's comprehensive medical history, maintained by healthcare providers over time. It includes detailed information such as demographics, medical history, diagnoses, medications, treatment plans, immunization records, allergies, radiology images, and laboratory results. EHRs are designed to enhance patient care by enabling quick access to patient data, facilitating coordination among healthcare providers, reducing medical errors, and improving clinical workflows.
Electronic Health Record Market Trends
Technological advancements in EHR systems have significantly fuelled the market growth by enhancing data accessibility, interoperability, and user-friendliness. Innovations such as AI-driven analytics, cloud-based solutions, and mobile accessibility streamlined workflows, improved patient care, and facilitated better clinical decision-making. These technologies enable seamless integration with other healthcare systems, ensuring comprehensive and real-time access to patient data thereby bolstering the market growth.
Electronic Health Record Market Analysis
Based on the product type, the global market is classified into web/ cloud based EHR and on-premise EHR. The web/ cloud-based EHR segment dominated the market with a revenue of USD 19.5 billion in 2023.
Based on the application, the electronic health record market is classified into e-prescription, practice management, referral management, patient management, population health management, and other applications. The practice management systems segment dominated the market with market share of 27.2% in 2023.
Based on the end-users, the global electronic health records market is classified into hospitals, clinics, ambulatory surgical centers, and other end-users. The hospitals segment dominated the market with highest market share in 2023 with a CAGR of 7.2%.
In 2023, the U.S. held the highest market revenue of USD 13.7 billion in the North American electronic health records market and is expected to dominate throughout the forecast period.
Germany is expected to hold a prominent position in the European electronic health records market holding a substantial share in 2023.
The Asia Pacific electronic health records market is expected to grow with a significant CAGR of 8% during the forecast period.
Electronic Health Record Market Share
The electronic health records industry is characterized by the presence of several key players focusing on continuous innovation, extensive product portfolios, and strategic partnerships. The major key players dominate the market due to their comprehensive EHR solutions and large customer bases. Additionally, the competitive strategies include mergers and acquisitions, collaborations, and product enhancements to meet evolving healthcare needs and regulatory requirements, driving growth and technological advancements in the market.
Electronic Health Record Market Companies
Prominent players operating in the electronic health records industry are as mentioned below:
Electronic Health Record Industry News:
The electronic health records market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Product Type
Market, By Application
Market, By End-user
The above information is provided for the following regions and countries: