The global electronic health records market size is expected to reach around US$ 31.5 billion by 2030 from US$ 23 billion in 2021 and is expected to grow at an impressive double-digit rate of 3.3% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global electronic health records market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
The rise in the government initiatives to encourage adoption of digital technologies like electronic health records across the healthcare industry is boosting the growth of the global electronic health records market. For instance, European Commissionadoptedthe European electronic health record exchangeto securely transfer health related data across the European nations. My Health Record is a digital health record platform for the Australian citizens. The adoption of electronic health records is becoming popular owing to the digitalization of the healthcare industry. The electronic health record platforms can store patients’ past medical health records that can provide useful insights to the doctors while the treatment and therefore can improve patient care.
Moreover, the adoption of the electronic health records can eliminate paperwork and helps in data storage and easy transfer. The increased government initiatives to develop a strong healthcare infrastructure and adopt digital technologies to enhance the operational efficiency of the healthcare units are expected to drive the electronic health records market across the globe.
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North America accounted for around 46% of the market share in 2020 and was the dominating market. This is simply attributed to the increased adoption of the electronic health records across the hospitals especially in the small units in the US. The developed healthcare infrastructure and higher adoption rate of digital technologies in the region is the major factor that boosts the market growth. Furthermore, the presence of well-established IT and telecommunications infrastructure in the region is a significant contributor to the market. The presence of several market players and various developmental strategies adopted by them highly influences the market growth.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. The increasing government investments in the development of healthcare infrastructure and adoption of latest digital technologies is boosting the demand for the electronic health records. Further, the rising demand for the quality health care services is encouraging the demand for the electronic health records. The rising number of hospital admissions is generating huge volume of data, which needs to be stored and hence the growth of the market is augmented by the increased need for the data storage in this region.
The major restraints that may hamper the growth of the electronic health records market is the cybersecurity and data breach issues associated with the digital data storage. This issues needs to be managed by the market players in order to have a sustainable growth. Moreover, lack of proper healthcare infrastructure in the underdeveloped economies is hindering the market growth.
The introduction of technologies like big data analytics and various developmental strategies like new product launches and mergers is expected to provide new growth avenues for the market players in the forthcoming years.
Based on the type, the post-acute segment is expected to be the fastest-growing segment during the forecast period. This is attributed to the increasing consumer expenditure on the post-acute services like rehabilitation services. Moreover, the rising penetration of long-term healthcare units owing the prevalence of non-curable diseases among the population is expected to drive the segment growth.
Based on the product, the web based segment dominated the market, garnering a market share of around 55% in 2020. This is attributed to the increased adoption of web based electronic health records among the small healthcare clinics as it can be easily customized as per the needs and is cost-effective. The rising number small private clinics and pharmacies across the globe is fostering the growth of the segment.
Based on the end user, the hospitals segment dominated the market with over 60% of the market share in 2020. This is attributed to the increased penetration of the hospitals in the developed and developing nations. Further, the government initiatives to develop healthcare facilities by adopting digital technologies in order to improve the operational efficiency of the hospitals has augmented the growth of this segment in the past few years. Moreover, the rising number of hospital admissions is necessitating the installation of the electronic health record systems across the hospitals all over the globe.
Why should you invest in this report?
If you are aiming to enter the global electronic health records market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for electronic health records are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global electronic health records market include:
- Epic Systems Corp
- Cerner Corp
- GE Healthcare
- Allscripts Healthcare, LLC.
- eClinicalWorks
- CPSi
- McKesson Corp
- Medical Information Technology, Inc.
- NextGen Healthcare, Inc.
- HMS
Segments Covered in the Report
By Type
- Acute
- Post-Acute
- Ambulatory
By Product
- Web Server Based
- Client Server Based
By End User
- Hospitals
- Ambulatory Services
Regional Analysis:
The geographical analysis of the global electronic health records market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global electronic health records Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global electronic health records market in 2030?
- What is the expected CAGR for the electronic health records market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global electronic health records market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Electronic Health Records Market
5.1. COVID-19 Landscape: Electronic Health Records Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Electronic Health Records Market, By Product
8.1. Electronic Health Records Market, by Product Type, 2021-2030
8.1.1. Web Server Based
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Client Server Based
8.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Electronic Health Records Market, By Type
9.1. Electronic Health Records Market, by Type, 2021-2030
9.1.1. Acute
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Post-Acute
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Ambulatory
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Electronic Health Records Market, By End User
10.1. Electronic Health Records Market, by End User, 2021-2030
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Ambulatory Services
10.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Electronic Health Records Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.2. Market Revenue and Forecast, by Type (2019-2030)
11.1.3. Market Revenue and Forecast, by End User (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.1.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.1.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Type (2019-2030)
11.2.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Type (2019-2030)
11.3.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.6.3. Market Revenue and Forecast, by End User (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Type (2019-2030)
11.4.7.3. Market Revenue and Forecast, by End User (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.5.3. Market Revenue and Forecast, by End User (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Type (2019-2030)
11.5.4.3. Market Revenue and Forecast, by End User (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Type (2019-2030)
11.5.5.3. Market Revenue and Forecast, by End User (2019-2030)
Chapter 12. Company Profiles
12.1. Epic Systems Corp
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Cerner Corp
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. GE Healthcare
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Allscripts Healthcare, LLC.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. eClinicalWorks
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. CPSi
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. McKesson Corp
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Medical Information Technology, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. NextGen Healthcare, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. HMS
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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