New York, Feb. 24, 2023 (GLOBE NEWSWIRE) -- The Electronic Health Records (EHR) Market size was escalated at US$ 27.88 billion at the end of 2022 and is projected to reach US$ 45.80 billion by 2030, with a growing healthy CAGR of 6.4% during the forecast period 2023-2030.
EHR is a digital representation of a patient's medical records. The patient's medical history is kept electronically with the assistance of an electronic health record (EHR). Over time, the supplier keeps up with it. It contains information both administrative and clinically significant to the patient's treatment under a specific healthcare practitioner. It is a patient-focused, real-time record. Information is promptly and securely made available to authorized users. It includes patient medical and treatment histories. It's intended to extend beyond clinical information acquired in a doctor's office.
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EHR's Expanded Use in Healthcare Systems Will Substantially Increase Product Demand
Key Companies Enlisted in Electronic Health Records (EHR) Market Report are:
- 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
EHR implementation has seen rising attention in recent years in a few of nations. This is mostly a result of the rising demand for more robust health information technology (HIT), which is essential to providing better treatment at a reduced cost. EMR has long been regarded as a crucial component of a successful health information system. The market expansion will be significantly fueled by the expanding use of EHR in clinical applications pertaining to health information and data, order input and assistance, results management, and decision supports. Global sales will also be substantially aided by the use of electronic health records in administrative applications, healthcare funding, and other areas.
Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | US$ 27.88 Billion |
| Market Size by 2030 | US$ 45.80 Billion |
| CAGR | CAGR of 6.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Key Market Segments | • By Type (Holter Monitors, Resting ECG Systems, Stress ECG Monitors, Event Monitoring Systems, ECG Management Systems) • By End-Use (Hospitals & Clinics, Ambulatory Facilities, Others) |
| Key Regional Coverage | North America, Europe, Asia-Pacific, The Middle East & Africa & Latin America |
Since the start of 2020, the expansion of the pandemic has put a lot of burden on healthcare organizations. Major market players have experienced a decline in new business bookings as a result of the pandemic, and certain client projects and purchasing decisions have been postponed so that clients can concentrate on treating patients, acquiring essential medical supplies, and managing their organizations through this crisis. Delays in professional services deployments and deals with upfront software revenue also affected businesses like Allscripts on both their inpatient and outpatient bases.
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The United States, Canada, and Mexico make up the three nations that make up the dominating regional makers. The following are the main drivers of market growth in the nation:
- electronic medical records (EMRs) are increasingly being used in healthcare settings.
- product introductions happening more frequently.
- increasing technological progress in the area.
Due to the advanced adoption of information technology, the healthcare IT sector is flexible and well-equipped in North American nations. For instance, the Orléans Health Hub brought together six community-based service providers and three hospitals in May 2022 to improve care and service coordination in a highly accessible, bilingual system that reflected the local area.
Key Market Segmentation Listed in Electronic Health Records (EHR) Market are:
Segment by Installation type
- Cloud-based
- On-Premise
Segment by Type
- Acute EHR
- Ambulatory EHR
- Post-Acute EHR
Segment by Application
- Clinical Application
- Administrative Application
- Reporting in Healthcare Systems
- Healthcare Financing
- Clinical Research Application
Segment by End-User
- Hospitals
- Diagnostics and Imaging centers
- Ambulatory care centers
- Pharmacies
Table of Contents – Major Key Points
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 Forces Model
7. PEST Analysis
8. Global Electronic Health Records (EHR) Market Segmentation On The Basis Of Installation Type
9. Global Electronic Health Records (EHR) Market Segmentation On The Basis Of Type
10. Global Electronic Health Records (EHR) Market Segmentation On The Basis Of Application
11. Global Electronic Health Records (EHR) Market Segmentation On The Basis Of End-User
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
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