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Electronic Health Records Market Worth USD 38.5 Billion By 2030 At A CAGR Of 4.0%

The global electronic health records market size is expected to reach USD 38.5 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.0% from 2022 to 2030. The web-based electronic health records (EHRs) are anticipated to show the largest growth during the forecast period. These EHRs are convenient for use in pharmacies, small-scaled laboratories, and clinics, as they require limited hardware infrastructure, which reduces the cost of installation. 

EHR vendors and organizations have initiated to help in curbing the pandemic by making telehealth a mainstream alternative, enhancing data access through EHRs, and collaborating to develop COVID-19 dashboards in detail. The introduction of EHRs for medical coding and billing has eased the process as data entering into computerized systems is more convenient than paper-based methods. EHRs also minimize the risk of errors in patient data as well as financial details. As per the University of Michigan, the cost of outpatient care was reduced by 3% upon shifting to EHRs from paper-based records. This reduction resulted in USD 5.14 savings per patient per month. 

Additionally, M&A activities by market players are also boosting the market growth. For instance, in February 2021, Evident, LLC, a subsidiary of CPSI announced that Texas-based Curahealth Hospitals and Cobalt Rehabilitation, have selected the Evident EHR along with collection services TruBridge, for three new rehabilitation facilities located in Denver, Colorado; West Houston, Texas; and San Antonio, Texas. Key players in the EHR market are investing in the launch of new products and collaborations for sustaining in the market. For instance, in August 2020, Cerner Corporation collaborated with Amazon to integrate its EHR solutions with the latter’s wearables such as Amazon Halo. This would provide greater interoperability to its customers and strengthen its service portfolio. 

Please Visit link For Sample report with TOC: Electronic Health Records Market Report

Electronic Health Records Market Report Highlights 

·         The web-based EHR segment dominated the overall revenues share as of 2021 and is projected to witness a CAGR of over 4.6% from 2022 to 2030. A high adoption rate by physicians is expected to boost the market growth

·         The ambulatory use segment which includes physician clinics, laboratories, and pharmacies is expected to exhibit the fastest growth over the forecast period owing to the increasing number of ambulatory care centers globally

·         The acute care segment held a considerable market share of about 46.8% in the market due to government initiatives for the adoption of EHRs

·         North America held a major market share as of 2021, due to the presence of well-established healthcare infrastructure as well as favorable government initiatives regarding population health management

·         The U.S. is dominating the market in North America due to the presence of established players in the country

·         The industry participants are focusing on product launch, partnerships, collaborations, mergers, and acquisitions to sustain the competition

·         In Asia Pacific, the market is anticipated to witness lucrative growth of around 6.9% owing to the developing healthcare infrastructure in Asian countries, such as Indonesia, China, and India 

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Electronic Health Records Market Segmentation 

Grand View Research has segmented the global electronic health records market on the basis of product, type, end-use, business models, and region:

EHR Product Outlook (Revenue, USD Million, 2017 - 2030)

·         Client-server-based EHR

·         Web-based EHR

EHR Type Outlook (Revenue, USD Million, 2017 - 2030)

·         Acute

·         Ambulatory

·         Post-acute

EHR End-use Outlook (Revenue, USD Million, 2017 - 2030)

·         Hospital Use

·         Ambulatory Use

o    Physician’s Clinic

o    Laboratories

o    Pharmacy

EHR Business Models Outlook (Revenue, USD Million, 2017 - 2030)

·         Licensed Software

·         Technology Resale

·         Subscriptions

·         Professional Services

·         Others

EHR Regional Outlook (Revenue, USD Million, 2017 - 2030)

·         North America

o    U.S.

o    Canada


o    U.K.

o    Germany

o    France

o    Italy

o    Spain

o    Netherlands

o    Sweden

o    Russia

      Asia Pacific

o    Japan

o    China

o    India

o    Australia

o    Singapore

      Latin America

o    Brazil

      Middle East & Africa

o    South Africa

o    Saudi Arabia

List of Key Players of Electronic Health Records (EHR) Market

·         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

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

on August 9 at 3:35

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