Global Electronic Health Record Market Analysis, Share, Trend, Industry Report Forecast till 2032 | Allscripts healthcare solutions Inc., Cerner Corporation

The Electronic Health Records (EHR) Market is Valued USD 27.03 Billion in 2023 and projected to reach USD 35.91 Billion by 2030, growing at a CAGR of 4.4% During the Forecast period of 2023-2030. The global electronic health records market is experiencing strong growth due to the rise in adoption healthcare IT solutions and growing usage of electronic health record (EHR). Moreover, increasing prevalence of chronic diseases and growing geriatric population is expected to boost the growth of the market. However, factors such as high cost of EHR implementation and reluctance to adopt EHRs are expected to hamper the growth of the market.

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Electronic Health Record Market Growth Drivers:

A crucial factor anticipated to boost the expansion of the global electronic health records market is the rising adoption of healthcare IT solutions and/or government initiatives promoting HCIT utilization. For example, in January 2023, India's National Health Authority is offering incentives to healthcare providers and participants in the nation's digital health ecosystem who are encouraging the development of digital health records. The Digital Health Incentive Scheme will speed up digital health transactions in India as part of the Ayushman Bharat Digital Mission (ABDM). The Indian Government has allocated US$ 6 million to implement the program over the upcoming six months.

One more aspect contributing to the expansion of the global electronic health records market throughout the forecast period is the increasing adoption of electronic health records (EHR) in healthcare environments. For example, an electronic health record (EHR) is a methodical compilation of patient and population health data kept electronically in a digital format. In September 2013, the Government of India (the Ministry of Health & Family Welfare) announced the Electronic Health Record (EHR) Standards for the country. Additionally, the Indian government has launched its Digital Health Mission, aiming to digitize the medical records of all citizens by 2022.

Major Players in Global Electronic Health Record Markets are:
Allscripts healthcare solutions Inc., Microsoft, Cerner Corporation, Computer programs and systems Inc., CureMD Corporation, eClinicalWorks, Epic Systems Corporation, General Electric Company, Greenway Health, and LLC. Meditech, and Praxis EMR.

Industry News:

In May 2023, MEDITECH announced an agreement with Canada Health Infoway to connect with the latter's e-prescribing service 'PrescribeIT'. This agreement would allow prescribers in Canada to electronically transmit a prescription directly from MEDITECH's Expanse EHR to the patient's preferred choice of pharmacy. The functionality would allow ease of creation of new prescriptions, allow existing prescription renewal, and also cancel prescription requests.

In April 2023, Microsoft announced an expansion of its strategic partnership with Epic for the development and integration of generative AI into healthcare, through the combination of Epic's advanced electronic health record software and the scale of Microsoft's Azure OpenAI Service. The resulting generative AI solutions would help enhance patient care, increase productivity, and improve the financial integrity of health systems worldwide.

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Global Electronic Health Record Market Segmentation:

By Type:
Acute EHR
Post Acute EHR
Ambulatory EHR
Others

By Product:
Client Server Based
Web Server Based

By End User:
Hospitals
Clinics
Specialty Centers
Others

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The following areas and countries are covered in the worldwide Global Electronic Health Record Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

North America is expected to gain highest share in the market during the forecast period owing to the increasing adoption healthcare IT solutions, growing usage of electronic health records (EHRs) in healthcare settings, and well-established healthcare infrastructure in the United States. For instance, according to the US Office of the National Coordinator for Health Information Technology, as of 2021, nearly 4 in 5 office-based physicians (79%) and all non-federal acute care hospitals (96%) adopted a certified EHR. This marks substantial 10-year progress since 2011 when 28% of hospitals and 34% of physicians had adopted an EHR.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation

Key Features of the Global Electronic Health Record Market Report: -

Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

Examine the market opportunities for stakeholders by identifying higher growth sections.

To study and analyze the global Global Electronic Health Record Market industry status and forecast including key regions.

An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

It helps you make strategic business decisions and investment plans.
Finally, Global Electronic Health Record Market is a valuable source of guidance for individuals and companies.

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