The Global Electronic Health Records (EHR) Market size was valued at USD 25.4 billion in 2018 and is expected to reach USD 42.0 billion by 2026, growing at a CAGR of 8.4% during the forecast period 2019 to 2026.
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.
With the increasing geriatric population and subsequent rise in prevalence of chronic diseases, the healthcare cost has witnessed steep increase over the last decade. The trend is anticipated to continue in following years, which will have huge burden over healthcare systems of different countries across the globe.
According to the National Institutes of Health (NIH), U.S., Department of Health and Human Services, 8.5% of the people worldwide (617 million) are aged 65 and over and the number is anticipated to increase to 17% (1.6 billion) by 2050. Also, according to the World Health Organizations (WHO), cancer was the cause of 9.6 million deaths globally, in 2018. Similarly, the organization also reported that 17.9 million people die each year due to cardiovascular diseases accounting for 31% of all deaths globally.
All these statistics show that there is a need for efficient, outcome based healthcare system which prioritises the prevention of diseases, early diagnosis and detection of disorders and constant monitoring as well as providing best value based healthcare. Earlier manual storing the information regarding the health records of patients was cumbersome task; however, the advancements in healthcare information technology has made it possible to keep a record of patient medical history, remote and early diagnosis, and value based healthcare. EHR solutions provide effective clinical workflow; ensure fewer medical errors; support for clinical decision making; and patient safety. EHR solutions are keys to provide a value based personalized healthcare with best outcome for each individual.
Web-based mode of delivery is the most adopted deployment option for EHR end users
The web based led the global EHR market by mode of delivery. This leap over client-server based mode of delivery options is due to the large scale adoption of web based EHR systems among healthcare providers, since it reduces the overall cost of installation and requirement of hardware and software systems.
The different electronic health records products offered in the market include EHR solutions and EHR services. EHR solutions are further segmented into integrated and standalone solution. EHR services market is categorized into support and maintenance, implementation, network, and training and education services. EHR solutions hold the larger share in the market owing to the deployment of software and hardware solutions.
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.
Asia-Pacific EHR market to grow at a CAGR of 7.5% during the forecast period
North America is the largest contributor to the global EHR industry, whereas Asia-Pacific is expected to witness a 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.
Industry players are launching new solutions for outcome based healthcare
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.
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.
Electronic Health Records Market Segmentation
The global electronic health records market is segmented based on product, type, application, end user, and region. Based on product, the market is bifurcated into cloud-based software and server-based/on-premise software. The type segment is categorized into inpatient EHR and ambulatory EHR. Based on application, the market is segmented into clinical application, administrative application, reporting in healthcare system, healthcare financing, and clinical research application. EHRs may be used in hospitals, clinics, specialty centers, and other medical settings. Based on region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Key Benefits
Segmentation:
By Product
By Type
By Application
By End User
By Region
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. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Electronic Health Records Market, By Product
7.1. Electronic Health Records Market, by Product Type, 2020-2030
7.1.1. Client Server-based EHR
7.1.1.1. Market Revenue and Forecast (2016-2030)
7.1.2. Web-based EHR
7.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 8. Global Electronic Health Records Market, By Type
8.1. Electronic Health Records Market, By Type, 2020-2030
8.1.1. Acute
8.1.1.1. Market Revenue and Forecast (2016-2030)
8.1.2. Ambulatory
8.1.2.1. Market Revenue and Forecast (2016-2030)
8.1.3. Post-acute
8.1.3.1. Market Revenue and Forecast (2016-2030)
Chapter 9. Global Electronic Health Records Market, By End-use
9.1. Electronic Health Records Market, By End-use, 2020-2030
9.1.1. Hospital Use
9.1.1.1. Market Revenue and Forecast (2016-2030)
9.1.2. Ambulatory Use
9.1.2.1. Market Revenue and Forecast (2016-2030)
Chapter 10. Global Electronic Health Records Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2016-2030)
10.1.2. Market Revenue and Forecast, By Type (2016-2030)
10.1.3. Market Revenue and Forecast, By End-use (2016-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2016-2030)
10.1.4.2. Market Revenue and Forecast, By Type (2016-2030)
10.1.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2016-2030)
10.1.5.2. Market Revenue and Forecast, By Type (2016-2030)
10.1.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2016-2030)
10.2.2. Market Revenue and Forecast, By Type (2016-2030)
10.2.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2016-2030)
10.2.4.2. Market Revenue and Forecast, By Type (2016-2030)
10.2.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2016-2030)
10.2.5.2. Market Revenue and Forecast, By Type (2016-2030)
10.2.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2016-2030)
10.2.6.2. Market Revenue and Forecast, By Type (2016-2030)
10.2.6.3. Market Revenue and Forecast, By End-use (2016-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2016-2030)
10.2.7.2. Market Revenue and Forecast, By Type (2016-2030)
10.2.7.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2016-2030)
10.3.2. Market Revenue and Forecast, By Type (2016-2030)
10.3.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2016-2030)
10.3.4.2. Market Revenue and Forecast, By Type (2016-2030)
10.3.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2016-2030)
10.3.5.2. Market Revenue and Forecast, By Type (2016-2030)
10.3.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2016-2030)
10.3.6.2. Market Revenue and Forecast, By Type (2016-2030)
10.3.6.3. Market Revenue and Forecast, By End-use (2016-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2016-2030)
10.3.7.2. Market Revenue and Forecast, By Type (2016-2030)
10.3.7.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2016-2030)
10.4.2. Market Revenue and Forecast, By Type (2016-2030)
10.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2016-2030)
10.4.4.2. Market Revenue and Forecast, By Type (2016-2030)
10.4.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2016-2030)
10.4.5.2. Market Revenue and Forecast, By Type (2016-2030)
10.4.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2016-2030)
10.4.6.2. Market Revenue and Forecast, By Type (2016-2030)
10.4.6.3. Market Revenue and Forecast, By End-use (2016-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2016-2030)
10.4.7.2. Market Revenue and Forecast, By Type (2016-2030)
10.4.7.3. Market Revenue and Forecast, By End-use (2016-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2016-2030)
10.5.2. Market Revenue and Forecast, By Type (2016-2030)
10.5.3. Market Revenue and Forecast, By End-use (2016-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2016-2030)
10.5.4.2. Market Revenue and Forecast, By Type (2016-2030)
10.5.4.3. Market Revenue and Forecast, By End-use (2016-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2016-2030)
10.5.5.2. Market Revenue and Forecast, By Type (2016-2030)
10.5.5.3. Market Revenue and Forecast, By End-use (2016-2030)
Chapter 11. Company Profiles
11.1. Cerner Corp.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. GE Healthcare
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Allscripts Healthcare, LLC
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. McKesson Corporation
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Epic Systems Corp.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. NextGen Healthcare, Inc.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. eClinicalWorks
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Medical Information Technology, Inc.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. HMS
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. CPSI
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. AdvancedMD, Inc.
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. DXC Technology Company
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. CureMD Healthcare
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
11.14. Greenway Health, LLC
11.14.1. Company Overview
11.14.2. Product Offerings
11.14.3. Financial Performance
11.14.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers