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Electronic Health Records Market Size, Share, Growth & Industry Analysis, By Deployment (Cloud-based, On-premise), By Application (Clinical, Administrative, Reporting in Healthcare System, Healthcare Financing, and Clinical Research), By End User (Hospital, Ambulatory Surgical Centers, and Specialty Centers), and Regional Analysis, 2024-2031
pages: 120 | baseYear: 2023 | release: January 2025 | author: Versha V.
Electronic health record (EHR) is a digital system used to collect, store, and manage patient health information, such as medical history, diagnoses, medications, immunization dates, and test results. EHRs enable efficient data sharing among healthcare providers, improving patient care, coordination, and decision-making while reducing errors and facilitating secure record management.
Global electronic health records market size was valued at USD 32.41 billion in 2023 and is projected to grow from USD 34.00 billion in 2024 and reach USD 49.90 billion by 2031, growing at a CAGR of 5.63% from 2024 to 2031.
The global shift toward digital transformation in healthcare has increased the demand for efficient and accessible systems to manage patient information. Government initiatives and regulations mandating the adoption of EHR further accelerate this trend, aiming to streamline healthcare processes and improve the quality of care.
Major companies operating in the global electronic health records market are Oracle, Epic Systems Corporation, Dedalus S.p.A., Medical Information Technology, Inc., MCKESSON CORPORATION, Veradigm LLC, Greenway Health, LLC, NextGen Healthcare, Inc., CureMD Healthcare, eClinicalWorks, Infor-Med Inc., TruBridge, athenahealth, Inc., CareCloud, Inc., Tebra Technologies, Inc, and others.
The growing prevalence of chronic diseases underscores the need for robust systems for managing patient data over time, while the rise of telemedicine emphasizes the importance of seamless integration between EHRs and virtual care platforms.
EHR streamline healthcare operations by improving patient care, communication, administrative efficiency, and research. They reduce costs, enhance service delivery, and increase patient satisfaction by facilitating better decision-making and reducing errors.
Market Driver
“Growing Adoption of EHR in Clinical Trials and Integration of Social Determinants Data”
The increasing use of EHRs in clinical trials enables more efficient patient recruitment, data collection, and outcome monitoring, enhancing research accuracy and speed. Government incentives and regulations, including financial incentives for EHR adoption and compliance requirements for data security, are further accelerating the expansion of the electronic health records market.
Additionally, the rising focus on patient-centered care underscores the importance of real-time, comprehensive patient data, which EHRs facilitate, allowing for more personalized and effective treatment. These factors are fueling the demand for EHR systems, positioning them as essential tools in improving both clinical research and patient care outcomes.
Market Challenge
“Cyber Security and Interoperability Issues”
High implementation costs pose a significant barrier to the expansion of the electronic health records market, particularly for smaller healthcare providers, who face expenses related to software, infrastructure, and training.
One solution could be offering scalable, cloud-based EHR systems that reduce upfront costs by eliminating the need for extensive infrastructure and offer pay-as-you-go models to suit smaller providers' budgets.
Additionally, cyber security remains a critical concern, as EHRs store sensitive patient data vulnerable to breaches, hacking, and unauthorized access. To address the critical concern of cyber security, implementing robust encryption protocols, multi-factor authentication, and regular security updates can protect sensitive patient data.
Interoperability issues hinder seamless data exchange between different healthcare systems, leading to fragmented patient records and potential care delays. A solution could be implementing standardized data formats and application programming interface, along with promoting the adoption of common interoperability frameworks like Fast Healthcare Interoperability Resources (FHIR), to ensure smoother communication between systems.
Market Trend
“Integration of AI and Cloud-based HER”
The surging adoption of cloud-based solutions is emerging as a notable trend in the electronic health records market. Cloud-based EHR systems provide cost-efficiency, scalability, and remote accessibility, allowing healthcare providers to streamline operations and enhance collaboration. The integration of AI improves predictive analytics, optimizes clinical decision-making, and automates administrative tasks, thereby improving the efficiency and accuracy of healthcare delivery.
Additionally, the integration of telehealth platforms with EHRs ensures consistent, comprehensive patient records across virtual and in-person visits, fostering better care coordination and operational efficiency. These advancements are positioning EHRs as pivotal in driving the transformation of healthcare services.
Segmentation | Details |
By Deployment | Cloud-based, On-premise |
By Application | Clinical, Administrative, Reporting in Healthcare System, Healthcare Financing, Clinical Research |
By End User | Hospital, Ambulatory Surgical Centers, Specialty Centers |
By Region | North America: U.S., Canada, Mexico |
Europe: France, U.K., Spain, Germany, Italy, Russia, Rest of Europe | |
Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific | |
Middle East & Africa: Turkey, UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa | |
South America: Brazil, Argentina, Rest of South America |
Based on region, the market has been classified into North America, Europe, Asia-Pacific, MEA, and Latin America.
North America electronic health records market accounted for a substantial share of 36.45% and was valued at USD 11.81 billion in 2023. This dominance is largely attributed to the region's advanced healthcare infrastructure, widespread EHR adoption, and government-driven initiatives aimed at improving healthcare efficiency.
The U.S., in particular, is contributing significantly to this dominance, supported by federal mandates such as the HITECH Act that promote the use of EHRs across healthcare systems.
Additionally, the increasing demand for data-driven healthcare and better patient care management fuels regional market growth, as hospitals and healthcare providers adopt more sophisticated systems to manage patient information, improve clinical decision-making, and enhance patient outcomes.
The adoption of EHRs in North America is further boosted by the rising demand for efficient patient data management systems, cost-saving opportunities, and improved clinical outcomes.
However, Asia-Pacific is anticipated to grow at the fastest CAGR of 6.89% through the forecast period. Major countries such as China, India, and Japan are heavily investing in healthcare infrastructure and digital health technologies, thereby bolstering the growth of the market.
Government initiatives and investments in healthcare infrastructure are fostering the development of digital health solutions and advancing technological innovations. Additionally, the growing population, an increasing prevalence of chronic diseases, and demand for improved healthcare quality and outcomes are contributing significantly to the growth of the Asia-Pacific electronic health records market.
The market is characterized by a number of participants, including both established corporations and rising organizations. To maintain or expand their market positions, these companies are focusing on a variety of strategic initiatives, including the development of advanced technologies such as AI integration, cloud-based solutions, and enhanced interoperability capabilities.
In addition to technological advancements, mergers and acquisitions (M&A) and collaborations are playing a significant role in shaping the competitive landscape of the EHR market.
By partnering with healthcare providers, research organizations, or other tech firms, leading players are expanding their product portfolios, enhancing their R&D capabilities, and broadening their market reach. These strategic alliances often result in accelerated product development cycles and the integration of cutting-edge innovations into existing solutions.
Recent Developments (M&A/Partnerships/Launch)