The global electronic health records (EHR) market was valued at USD 25.4 billion in 2018 and is expected to reach USD 36.0 billion by 2024, growing at a CAGR of 6.2% during the forecast period. The market is primarily driven by factors such as rise in the adoption rate of EHR, incorporation of healthcare information technology (HCIT), and the growing geriatric population with the subsequent rise in number of chronic diseases. The government initiatives to go paperless for documentation of healthcare data and the growing trend of cloud-based EHR software in the industry is expected to create ample growth opportunities for the key players of the market.
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The industry on the basis of an end user is categorized into hospitals, pharmacies, ambulatory care and others. A large number of patient pool in hospitals results in generation of large volume of data. This has led the inclination of hospitals to adopt EHR systems to manage their patient’s clinical data, leading to the largest contribution of hospitals in the global EHR market. The hospitals contributed more than 80% of the market share to the EHR market, globally in 2018.
North America is the largest contributor to the global EHR industry, whereas Asia-Pacific is expected to witness significant growth at a CAGR of 7.5% during the forecast period. The growth is driven by the increased healthcare expenditure, increasing investment for the development of better healthcare infrastructure and facility. Moreover, the rise in adoption of HCIT services in healthcare is another factor driving the growth of the market in the region.
The key players of the EHR industry are maintaining their competency through the launching of new products. For example, in March 2018, Allscripts Healthcare Solutions, Inc. unveiled Avenel, the company’s new electronic health record (EHR). Mobile-first and cloud-based, Avenel creates a community-wide shared patient record, uses machine learning to reduce time for clinical documentation and is designed to work like an app instead of traditional software.
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Some of the key players operating in the global EHR market include McKesson Corporation, Cerner Corporation, Epic Systems Corporation, NextGen Healthcare Information Systems, LLC, GE Healthcare, Greenway Health, LLC, eClinicalWorks, Athena health Inc., Quality Systems Inc., Medical Information Technology Inc., Computer Programs & Systems Inc.
Global EHR Market Coverage
Product Insight and Forecast 2014-2024
Support and Maintenence
Training and Education
Mode of Delivery Insight and Forecast 2014-2024
Web based/Cloud based
Client based server
End User Insight and Forecast 2014-2024
EHR Market by Region
Rest of Europe
Rest of Asia-Pacific
Rest of the World (RoW)
Manager: Client Care