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Key Trend Reshaping the AI-Enhanced Electronic Health Records (EHRs) Market in 2025: Innovative Solutions In AI-Enhanced Electronic Health Records Transforming Personalized Care And Research
What combination of drivers is leading to accelerated growth in the ai-enhanced electronic health records (ehrs) market?The growth of the AI-enhanced electronic health records (EHRs) market is being fueled by the rise in chronic diseases. Chronic conditions, which are often lifelong, slowly developing, and incurable but manageable through treatment, adjustments in lifestyle, and ongoing medical supervision, are on the rise due to factors such as aging societies, unhealthy living habits, urbanization, environmental influences, and lack of preventative healthcare. AI-enhanced EHRs are being used in the management of these diseases by facilitating early diagnosis, tailoring treatment plans, using predictive analytics to track disease advancement, enabling real-time monitoring, and automating administrative responsibilities, all of which enhance the management of care and patient results for chronic conditions. For example, as per a report by the Australian Institute of Health and Welfare, a government agency based in Australia, there was a notable increase from 155,837 deaths in 2021 to 171,500 deaths in 2022, with chronic diseases cited as the primary or contributing cause of death. Hence, the increasing occurrence of chronic diseases is driving the expansion of the AI-enhanced electronic health records (EHRs) market.
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What is the projected compound annual growth rate (CAGR) of the ai-enhanced electronic health records (ehrs) market from 2025 to 2034, and what factors influence it?
There has been a considerable surge in the market size of AI-based electronic health records (EHRs) in the recent past. The market, which is projected to be worth $7.33 billion in 2024, is predicted to jump to $9.60 billion in 2025, representing a compound annual growth rate (CAGR) of 31.0%. The unprecedented growth during the historic period is a result of various factors including an increased utilization of telemedicine, heightening demand for clinical decision aids, an escalating interest in personalized medicine, a substantial growth in health data volumes, and a mounting demand for the automation of clinical procedures.
In the coming years, the market for AI-enhanced electronic health records (EHRs) is predicted to undergo tremendous expansion. Expected to reach a value of $28.09 billion in 2029, with a compound annual growth rate (CAGR) of 30.8%. This projected increase during the forecast period can be linked to factors such as the growing application of voice recognition, the rise in big data analytics and predictive modeling, advancements in machine learning algorithms, a transition towards value-based care models, and support from regulations. Key trends during this forecast period encompass better integration of wearable technology, improved management of population health, a heightened focus on patient-centric care models, advanced interoperability and data sharing capabilities, and the incorporation of predictive analytics for risk evaluation.
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How are the latest trends influencing the growth of the ai-enhanced electronic health records (ehrs) market?
Leading entities active in the AI-enhanced Electronic Health Records (EHRs) segment are prioritizing the creation of breakthrough solutions, such as sophisticated generative AI, to bolster the interoperability of data, promote patient engagement, simplify administrative tasks, and facilitate individualized care plans, with a view to revolutionize the healthcare arena and improve patient results. Sophisticated generative AI denotes cutting-edge AI systems that can generate novel content like text, visuals, and melodies by comprehending formations and patterns from pre-existing data. For example, in July 2024, PicnicHealth, a healthcare technology firm based in the US, introduced the PicnicAI technology devised to unseal the Universal Patient Record. This inventive platform strives to draw significant conclusions from a sea of unorganized medical data, thereby improving the comprehension of patient outcomes and the efficacy of treatments. Its distinctive qualities comprise its aptitude to simplify data retrieval procedures, enabling a quicker and more precise analysis, and its alignment with a variety of healthcare frameworks to guarantee inclusive data amalgamation.
What are the major segments of the ai-enhanced electronic health records (ehrs) market and their role in driving growth?
The AI-enhanced electronic health records (ehrs) market covered in this report is segmented -
1) By Electronic Health Records (EHRs) Type: On-Premise Electronic Health Records Software, SaaS Electronic Health Records, Custom-Built Electronic Health Records
2) By Technology: Machine Learning, Deep Learning, Natural Language Processing (NLP)
3) By Application: Data Management And Organization, Data Analysis And Insights, Predictive Analytics, Virtual Medical Assistance, Clinical Decision Support, Other Applications
Subsegments:
1) By On-Premise Electronic Health Records Software: Enterprise EHR Solutions, Ambulatory EHR Solutions, Specialty-Specific EHR Systems, Integrated EHR-PACS Systems, Local Server-Based EHR Solutions
2) By SaaS Electronic Health Records: Cloud-Based EHR Platforms, Subscription-Based EHR Services, AI-Driven Clinical Decision Support Systems, Mobile-Optimized EHR Solutions, Interoperability-Focused EHRs
3) By Custom-Built Electronic Health Records: Modular EHR Solutions, AI-Powered Personalized EHR Systems, Blockchain-Enabled EHR Solutions, Hospital-Specific EHR Platforms, Hybrid EHR Infrastructure
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Which regions are key players in the growth of the ai-enhanced electronic health records (ehrs) market?
North America was the largest region in the AI-enhanced electronic health records (EHRs) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI-enhanced electronic health records (ehrs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the ai-enhanced electronic health records (ehrs) market?
Major companies operating in the AI-enhanced electronic health records (ehrs) market are UnitedHealth Group, McKesson Corporation, Oracle Corporation, GE HealthCare Technologies, Philips Healthcare, Epic Systems Corporation, Athenahealth Inc., InterSystems Corporation, CitiusTech Inc., eClinicalWorks, Veradigm Inc., Netsmart Technologies Inc., Medical Information Technology Inc., Merative L.P., PointClickCare, Health Catalyst Inc., Chartis Group LLC, WellSky Corp., AdvancedMD Inc., CureMD Healthcare, ClearDATA Networks Inc., Practice Fusion Inc., NextGen Healthcare Inc., Qventus Inc., Medisolv Inc.
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What Is Covered In The AI-Enhanced Electronic Health Records (EHRs) Global Market Report?
•Market Size Forecast: Examine the ai-enhanced electronic health records (ehrs) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ai-enhanced electronic health records (ehrs) market for a structured understanding.
•Key Players Overview: Analyze major players in the ai-enhanced electronic health records (ehrs) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ai-enhanced electronic health records (ehrs) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ai-enhanced electronic health records (ehrs) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ai-enhanced electronic health records (ehrs) market.
•Industry Challenges: Identify potential risks and obstacles affecting the ai-enhanced electronic health records (ehrs) market.
•Competitive Landscape: Review strategic developments in the ai-enhanced electronic health records (ehrs) market, including expansions, agreements, and new product launches.
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