[Research Report] The electronic health record market size is projected to grow from US$ 33,144.25 million in 2022 to US$ 74,233.46 million by 2030; it is estimated to record a CAGR of 10.6% during 2022–2030.
Market Insights and Analyst View:
An electronic health record maintained by a provider includes important administrative and clinical data of patients, including demographics, progress notes, health problems, medications, vital signs, past medical history, immunizations, laboratory data, and radiology reports. The electronic health record automates access to information and has the potential to streamline the clinician's workflow. The electronic health record can also support other care-related activities through various interfaces, including evidence-based decision support, quality management, and outcomes reporting. The electronic health record market is largely driven by growing incidences of medication errors and rising incentives by the federal government.
Growth Drivers:
Increasing Adoption of Electronic Health Records
Electronic health records are becoming increasingly popular with the growing digitization of the healthcare industry. As per The New England Journal of Medicine, as soon as the Health Information Technology for Economic and Clinical Health (HITECH) Act became law in 2009, the federal government dedicated US$ 300 million to help healthcare facilities adopt a nationwide health information exchange system. The Centers for Medicare and Medicaid Services (CMS) also offered more than US$ 35,000 million in incentive payments for adopting electronic health records. As per the Office of the National Coordinator for Health Information Technology (ONC), as of 2021, about 4 in 5 office-based physicians (78%) and almost all non-federal acute care hospitals (96%) adopted certified electronic health records. This marked considerable 10-year progress when 28% of hospitals and 34% of physicians had adopted electronic health records since 2011. As per Definitive Healthcare data from 2020, more than 89% of all hospitals had employed inpatient or ambulatory electronic health record systems.
Further, in May 2020, the US federal government planned the Federal Health IT Strategic Plan 2020–2025 to mandate the use of electronic health records by healthcare providers.
Government initiatives to encourage healthcare IT usage are driving the market. For instance, My Health Record is Australia's national digital health record platform. All Australian citizens has a “My Health Record.” Moreover, the introduction of technologically advanced healthcare services is expected to propel the electronic health record market growth.With the facts and statistics stated above, it is evident that the adoption rate of electronic health records is expected to continue to improve during the forecast period.
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Electronic Health Record Market: Strategic Insights

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Electronic Health Record Market: Strategic Insights

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Report Segmentation and Scope:
The “electronic health record market” is segmented based on installation type, type, application, and end user. Based on installation type, the market is bifurcated into cloud-based and on-premise. In terms of type, the electronic health record market is divided into acute electronic health record, ambulatory electronic health record, and post-acute electronic health record. By application, the market is segmented into clinical records, administrative task and billing, physician support, and patient portal. By end user, the market is segmented into hospitals and clinics, physician’s office/specialty care centers, and ambulatory surgical centers.
Segmental Analysis:
By installation type, the electronic health record market is bifurcated into cloud-based and on-premise. The cloud-based segment held a larger market share in 2022 and is projected to register a higher CAGR during 2022–2030. A cloud-based electronic health record enables patient health files to be stored in the cloud rather than saved on the healthcare facility's internal servers. The collected data is organized and maintained in actionable and shareable formats to allow effective communication between healthcare providers, third-party payers, and patients. Cloud-based electronic health records are popular among physicians and healthcare providers operating on a smaller scale. These systems can be installed without any necessity for in-house servers and offer a wide range of customizations and improvements per their needs.
Based on type, the electronic health record market is segmented acute electronic health record, ambulatory electronic health record, and post-acute electronic health record. The acute electronic health record segment held the largest market share in 2022, and the post-acute electronic health record segment is anticipated to register the highest CAGR during 2022–2030. Post-acute care facilities consist of rehabilitation centers, home health agencies, and long-term care hospitals. Rehabilitation centers offer education, medically supervised exercise, and support to patients suffering from neurological, cardiovascular, musculoskeletal, orthopedic, and other medical conditions.
In terms of application, the electronic health record market is segmented into clinical records, administrative task and billing, physician support, and patient portal. The clinical records segment held the largest market share in 2022 and is expected to record the highest CAGR during 2022–2030. A clinical document contains information related to the care and services provided to the patient. It increases the importance of electronic health record by allowing electronic capture of clinical reports, patient assessments, and progress reports. A clinical document may include physician, nurse, and other clinician notes, relevant dates and times associated with the document, performers of the care described, flow sheets (vital signs, input and output, and problem lists), perioperative notes, discharge summaries, transcription document management, medical records abstracts.
Based on end user, the electronic health record market is segmented into hospitals and clinics, physician’s office/specialty care centers, and ambulatory surgical centers. The hospitals and clinics segment held the largest share of the electronic health record market in 2022 and is expected to register the highest CAGR in the market during 2022–2030. Hospitals and clinics are primary contact points for patients to get their diagnosis done and choose for treatment options and alternatives. Available infrastructure in hospitals and clinics is capable of providing high-quality care for any disease condition as they have access to advanced medical devices. The hospitals and clinics segment is expected to hold a considerable share as most patients in emerging nations and developed countries prefer visiting hospitals for health-related problems.
Regional Analysis:
Based on geography, the global electronic health record market is segmented into Asia Pacific, Europe, Middle East & Africa, North America, and South & Central America. In 2022, North America held the largest share of the global electronic health record market. Asia Pacific is anticipated to register the highest CAGR during 2022–2030.
North America's electronic health record market is split into the US, Canada, and Mexico. The US is the largest market for electronic health records in North America. The market is majorly driven by the transformation of digital healthcare, the increasing number of chronic diseases, and support from the federal government to implement electronic health records to improve the quality of care. Other factors such as the introduction of advanced software technologies in healthcare, a higher number of hospitals, and the implementation of strategic government policies also aid in promoting the expansion of the electronic health record market. Additionally, the need for automated systems due to the increasing patient population and crunch of healthcare resources are expected to fuel the adoption of electronic health record systems in the US. Emphasis on error reduction in hospital administrative work, which causes considerable mortalities, is also prominently expected to fuel the market growth during the estimated period. As per a study published in the Journal of Patient Safety, in the US an estimated 4,00,000 patient casualties are caused due to administrative errors each year.
Electronic Health Record Market Regional Insights
The regional trends and factors influencing the Electronic Health Record Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Electronic Health Record Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

- Get the Regional Specific Data for Electronic Health Record Market
Electronic Health Record Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 33,144.25 Million |
Market Size by 2030 | US$ 74,233.46 Million |
Global CAGR (2022 - 2030) | 10.6% |
Historical Data | 2020-2022 |
Forecast period | 2022-2030 |
Segments Covered |
By Installation Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Electronic Health Record Market Players Density: Understanding Its Impact on Business Dynamics
The Electronic Health Record Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Electronic Health Record Market are:
- Oracle Corp
- AltexSoft Inc
- Veradigm Inc
- Greenway Health LLC
- eClinicalWorks LLC
Disclaimer: The companies listed above are not ranked in any particular order.

- Get the Electronic Health Record Market top key players overview
Industry Developments and Future Opportunities:
Various initiatives taken by key players operating in the electronic health record market are listed below:
- In November 2023, eClinicalWorks LLC launched AI assistant tools that easily translate medical documents into its patients’ native language within the electronic health record.
- In September 2023, Oracle announced significant additions to its healthcare solutions, including new cloud-based electronic health record capabilities, generative AI services, public Application Programming Interfaces (APIs), and back-office enhancements designed for the healthcare industry.
Competitive Landscape and Key Companies:
Oracle Corp, AltexSoft Inc, Veradigm Inc, Greenway Health LLC, eClinicalWorks LLC, Infor-Med Inc, Microwize Technology Inc, Athenahealth Inc, ChipSoft BV, CureMD.com Inc, AdvancedMD Inc, and PracticeSuite Inc are among the prominent companies operating in the electronic health record market. These companies focus on new technologies, existing products’ advancements, and geographic expansions to meet the growing consumer demand worldwide.
Frequently Asked Questions
What are the driving factors for the Electronic Health Record Market?
The growth of the market is attributed to an increasing adoption of electronic health records and rising incentives by federal government are the key driving factors behind the market development. However, the concerns regarding data privacy are hampering the market growth.
Which segment is dominating the Electronic Health Record Market?
The electronic health record market is analyzed on installation type, type, application, and end user. Based on installation type, the market is segmented into cloud-based and on-premise. In terms of type, the Electronic health record market is divided into acute electronic health record, ambulatory electronic health record, and post-acute electronic health record. By application, the market is segmented into clinical records, administrative task and billing, physician support, and patient portal. Based on end user, the market is segmented into hospitals and clinics, physician’s office/specialty care centers, and ambulatory surgical centers. The cloud-based segment by installation type held a larger share of the market in 2022 and is anticipated to register a higher CAGR during 2022–2030
What is Electronic Health Record Market?
An electronic health record is an electronic version of a patient's medical history that is maintained by the provider over time and may include all of the key administrative and clinical data, including demographics, progress notes, problems, medications, vital signs, past medical history, immunizations, laboratory data, and radiology reports, under a particular provider. The electronic health record automates access to information and has the potential to streamline the clinician's workflow.
Who are the major players in the Electronic Health Record Market?
The electronic health record market majorly consists of the players such as Oracle Corp, AltexSoft Inc, Veradigm Inc, Greenway Health LLC, eClinicalWorks LLC, Infor-Med Inc, Microwize Technology Inc, Athenahealth Inc, ChipSoft BV, CureMD.com Inc, AdvancedMD Inc, and PracticeSuite Inc.
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The List of Companies - Electronic Health Record Market
- Oracle Corp
- AltexSoft Inc
- Veradigm Inc
- Greenway Health LLC
- eClinicalWorks LLC
- Infor-Med Inc
- Microwize Technology Inc
- Athenahealth Inc
- ChipSoft BV
- CureMD.com Inc
- AdvancedMD Inc
- PracticeSuite Inc.


