Global Electronic Health Records Market Is Likely To Grow At A CAGR Value Of Around 6.2% By 2028

Report Outlook: Electronic Health Records Market Size To Flourish and Will Reach USD 42,203.5 Mn by 2028

The global electronic health records market size was worth around USD 29,417.2 Million in 2021 and is estimated to grow to about USD 42,203.5 Million by 2028, with a compound annual growth rate (CAGR) of approximately 6.2 percent over the forecast period. The report analyzes the Electronic Health Records Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Electronic Health Records Market.

The electronic health record is primarily used for the structured electronic gathering and storage of patient medical data in a digital format. It is used in expanding patient data accessibility, hence improving the overall productivity and efficiency of patient care. System usage is expected to increase in the future due to its numerous features, applications, and interoperability across a variety of healthcare settings. The interactions between medical persons are feasible with EHR as it has improved by speech-recognition software with natural language processing. It allows for better patient engagement while reducing the number of time experts spend on paperwork. In addition, incorporating artificial intelligence (AI) to predict EHR-based clinical outcomes has aided in improving the patient experience through better care delivery. In addition to these developments, the market expansion will be aided by supportive government initiatives and financing in the field.

Moreover, the increased demand for electronic health records in the emerging economies of Asia Pacific such as India, China, and others is also projected to enhance the market growth in the coming years. Besides, the issues that are limiting it are data breaches and a shortage of adequately qualified employees. The market's major roadblocks are the high cost of EHR adoption and maintenance, a scarcity of qualified professionals in developing countries, and concerns about security and privacy.

The global electronic health records market is segregated based on product, type, end-use, business models, and region. Based on product, the global market is distinguished into client-server-based HER and web-based EHR. Based on type, the market is bifurcated into acute, ambulatory, and post-acute. As per end user, the market is segmented into hospital use and ambulatory use. On the basis of business models, the market is segregated into licensed software, technology resale, subscriptions, professional services, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The market leader in North America. Some of the reasons driving market expansion in the North American area are technological advancements, considerable government and private sector investments in healthcare, and the existence of key industry players. The healthcare IT market in the United States is one of the most established in comparison to other geographical places. Furthermore, the majority of hospitals and clinics in the region have implemented EHR solutions due to stringent regulatory requirements. Canada and the United States are the top countries in this region that have implemented EHR systems.

Key players functioning in the global electronic health records market include Cerner Corporation (Oracle); GE Healthcare; Allscripts Healthcare, LLC; McKesson Corporation; Epic Systems Corporation; NextGen Healthcare, Inc.; eClinicalWorks; Medical Information Technology, Inc.; Health Information Management Systems; CPSI; AdvancedMD, Inc.; CureMD Healthcare; Greenway Health, LLC

Recent developments:

• In March 2021, TELUS Health, for example, announced the next phase in the digital integration of Akira by TELUS Health, an employer-focused virtual care service, with its electronic health records.

Browse the full “Electronic Health Records Market By Product (Client Server-based EHR and Web-based EHR), By Type (Acute, Ambulatory, and Post Acute), By End Use (Hospital Use and Ambulatory Use), By Business Models (Licensed Software, Technology Resale, Subscriptions, Professional Services, and Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2028” Report at https://www.zionmarketresearch.com/report/electronic-health-records-market

Global Electronic Health Records market is segmented as follows:

By Product

• Client Server-based EHR
• Web-based HER

By Type

• Acute
• Ambulatory
• Post-Acute

By End-use

• Hospital Use
• Ambulatory Use

By Business Models

• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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