The global EHR market was valued at $26.0 billion in 2022 and is expected to reach $37.0 billion by 2030, growing at a CAGR of 7.3% during the forecast period. The report notes that the increasing demand for digitalization of healthcare systems, growing investments in healthcare IT, and government initiatives to promote EHR adoption are some of the key factors driving the growth of the global EHR market.

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Increased demand for digitalization of healthcare systems: The healthcare industry is increasingly moving towards digitalization, and EHR systems are a crucial part of this transformation. The need to reduce paper-based processes and improve data accuracy is driving the demand for EHR systems.

Growing investments in healthcare IT: Governments and private organizations are investing heavily in healthcare IT to improve patient outcomes and reduce costs. EHR systems are a key component of healthcare IT, and the growing investments in this area are driving the growth of the EHR market.

High implementation and maintenance costs: Implementing and maintaining EHR systems can be expensive, especially for smaller healthcare providers. This cost factor may prevent some providers from adopting EHR systems or upgrading their existing systems.

Interoperability challenges: EHR systems need to be interoperable with other healthcare IT systems to ensure seamless data exchange between different providers and organizations. However, achieving interoperability can be challenging due to differences in systems and standards.

Interoperability: Achieving interoperability between different EHR systems and other healthcare IT systems can be challenging. Standardization of data formats and protocols is required to ensure that data can be shared seamlessly between different systems.

Data quality and accuracy: EHR systems rely on accurate and complete data to support clinical decision-making. Poor data quality or accuracy can lead to medical errors and impact patient outcomes.

Cloud-based EHR systems: Cloud-based EHR systems can offer several advantages over on-premises systems, including lower costs, scalability, and improved accessibility. Mobile EHR applications can enable healthcare providers to access patient data and make clinical decisions on-the-go, improving efficiency and reducing the time required for patient care.

Market Dynamics

EHR services include implementation, training, support, and maintenance services provided by EHR vendors or third-party providers. Services can be customized to meet the specific needs of healthcare providers and can include data migration, customization, and integration with other healthcare IT systems.

EHR hardware includes servers, computers, mobile devices, and other hardware components necessary to support EHR systems. Hardware can be provided by EHR vendors or purchased separately by healthcare providers.

The software segment is expected to continue to dominate the EHR market, as EHR software is the backbone of the EHR system and critical for healthcare providers to store and manage patient health information. The services segment is also expected to grow as healthcare providers increasingly require support for EHR implementation and maintenance. The hardware segment is expected to grow at a slower rate, as cloud-based EHR systems reduce the need for on-premises hardware.

Hospitals are expected to continue to be the largest end-user segment of the EHR market, as they require sophisticated EHR systems to manage large patient volumes and complex medical cases. However, the ambulatory care segment is also expected to grow, as more patients seek care in outpatient settings and as technology advancements make it easier for smaller healthcare providers to adopt EHR systems.

Competitive Analysis

The report also highlights some of the key players in the global EHR market, including Epic Systems Corporation, Cerner Corporation, Allscripts Healthcare Solutions, Inc., MEDITECH, eClinicalWorks, Athenahealth, Inc., NextGen Healthcare, Inc., CPSI, AdvancedMD, Inc., and GE Healthcare.

Regional Analysis

Asia Pacific is the fastest-growing region in the global EHR market, driven by the increasing adoption of EHR systems in emerging economies such as China and India. The region is expected to continue to see significant growth due to rising healthcare spending, government initiatives to digitize healthcare, and the increasing focus on patient safety.

Latin America is a growing market for EHR systems, driven by increasing investment in healthcare infrastructure, rising healthcare spending, and government initiatives promoting the adoption of EHR systems. The region is expected to continue to grow due to the increasing focus on improving healthcare quality and reducing costs.

The Middle East & Africa is a nascent market for EHR systems, but the region is expected to see significant growth due to increasing healthcare investments, government initiatives to digitize healthcare, and rising healthcare infrastructure.

In May 2021, Cerner Corporation announced the acquisition of Kantar Health, a global healthcare data and analytics company, for $375 million. The acquisition is expected to enhance Cerner's capabilities in real-world data and analytics.

In March 2021, Allscripts announced the acquisition of its competitor, CarePort Health, for $1.35 billion. The acquisition is expected to strengthen Allscripts' position in care coordination and post-acute care.

In November 2020, Philips announced the acquisition of BioTelemetry, a remote cardiac monitoring and diagnostic company, for $2.8 billion. The acquisition is expected to expand Philips' offerings in remote patient monitoring and telehealth.

In August 2020, CompuGroup Medical SE & Co. KGaA (CGM) announced the acquisition of eMDs, a provider of EHR and practice management software, for $240 million. The acquisition is expected to strengthen CGM's position in the US market.

In August 2020, Cerner Corporation announced the acquisition of AbleVets, a provider of cybersecurity and IT consulting services for the federal government, for an undisclosed amount. The acquisition is expected to enhance Cerner's capabilities in cybersecurity.

Segmentation Analysis of The Global EHR  Market 2022-2030

The report forecasts revenue growth at global, regional, and country matrics and analyzes the latest industry trends in each of the sub-segments ranging from 2016-2030. For this, CDI has segmented the global EHR market report based on capacity, vehicle, application, and propulsion type along with regional analysis.

Product Outlook (Revenue, USD Million, 2017 - 2030)

• Client-server-based EHR
• Web-based EHR

Type Outlook (Revenue, USD Million, 2017 - 2030)

• Acute
• Ambulatory
• Post-acute

End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospital Use
• Ambulatory Use
• Physician’s Clinic
• Laboratories
• Pharmacy

Business Models Outlook (Revenue, USD Million, 2017 - 2030)

• Licensed Software
• Technology Resale
• Subscriptions
• Professional Services
• Others

Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America