Electronic Health Record Market Outlook Report | Size, Share & Trends 2030

Electronic Health Record Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Installation Type (Cloud-Based and On-Premise), Type (Acute Electronic Health Record Market, Ambulatory Electronic Health Record Market, and Post-Acute Electronic Health Record Market), Application (Clinical Records, Administrative Task and Billing, Physician Support, and Patient Portal), End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Physicians Office/Specialty Care Centers), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

  • Report Code : TIPHE100000822
  • Category : Healthcare IT
  • Status : Data Released
  • No. of Pages : 150
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[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

electronic-health-record-market
Market Size Value inUS$ 33,144.25 million in 2022
Market Size Value byUS$ 74,233.46 million by 2030
Growth rateCAGR of 10.6% from 2022 to 2030
Forecast Period2022-2030
Base Year2022
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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 Report Scope

Industry Developments and Future Opportunities:

Various initiatives taken by key players operating in the electronic health record market are listed below:

  1. In November 2023, eClinicalWorks LLC launched AI assistant tools that easily translate medical documents into its patients’ native language within the electronic health record.
  2. 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.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Installation Type, Type, Application, End User, and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

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.

1. Introduction

1.1 Scope of the Study

1.2 Market Definition, Assumptions and Limitations

1.3 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness Analysis

3. Research Methodology

4. Electronic Health Record Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 List of Vendors in the Value Chain

5. Electronic Health Record Market - Key Market Dynamics

5.1 Key Market Drivers

5.2 Key Market Restraints

5.3 Key Market Opportunities

5.4 Future Trends

5.5 Impact Analysis of Drivers and Restraints

6. Electronic Health Record Market - Global Market Analysis

6.1 Electronic Health Record - Global Market Overview

6.2 Electronic Health Record - Global Market and Forecast to 2030

7. Electronic Health Record Market – Revenue Analysis (USD Million) – By Installation Type, 2020-2030

7.1 Overview

7.2 Cloud-Based

7.3 On-Premise

8. Electronic Health Record Market – Revenue Analysis (USD Million) – By Type, 2020-2030

8.1 Overview

8.2 Acute Electronic Health Record

8.3 Ambulatory Electronic Health Record

8.4 Post-Acute Electronic Health Record

9. Electronic Health Record Market – Revenue Analysis (USD Million) – By Application, 2020-2030

9.1 Overview

9.2 Clinical Record

9.3 Administrative Task and Billing

9.4 Physician Portal

10. Electronic Health Record Market – Revenue Analysis (USD Million) – By End User, 2020-2030

10.1 Overview

10.2 Hospitals and Clinics

10.3 Ambulatory Surgical Centers

10.4 Physicians Office/Specialty Care Centers

11. Electronic Health Record Market - Revenue Analysis (USD Million), 2020-2030 – Geographical Analysis

11.1 North America

11.1.1 North America Electronic Health Record Market Overview

11.1.2 North America Electronic Health Record Market Revenue and Forecasts to 2030

11.1.3 North America Electronic Health Record Market Revenue and Forecasts and Analysis - By Installation Type

11.1.4 North America Electronic Health Record Market Revenue and Forecasts and Analysis - By Type

11.1.5 North America Electronic Health Record Market Revenue and Forecasts and Analysis - By Application

11.1.6 North America Electronic Health Record Market Revenue and Forecasts and Analysis - By End User

11.1.7 North America Electronic Health Record Market Revenue and Forecasts and Analysis - By Countries

11.1.7.1 United States Electronic Health Record Market

11.1.7.1.1 United States Electronic Health Record Market, by Installation Type

11.1.7.1.2 United States Electronic Health Record Market, by Type

11.1.7.1.3 United States Electronic Health Record Market, by Application

11.1.7.1.4 United States Electronic Health Record Market, by End User

11.1.7.2 Canada Electronic Health Record Market

11.1.7.2.1 Canada Electronic Health Record Market, by Installation Type

11.1.7.2.2 Canada Electronic Health Record Market, by Type

11.1.7.2.3 Canada Electronic Health Record Market, by Application

11.1.7.2.4 Canada Electronic Health Record Market, by End User

11.1.7.3 Mexico Electronic Health Record Market

11.1.7.3.1 Mexico Electronic Health Record Market, by Installation Type

11.1.7.3.2 Mexico Electronic Health Record Market, by Type

11.1.7.3.3 Mexico Electronic Health Record Market, by Application

11.1.7.3.4 Mexico Electronic Health Record Market, by End User

Note - Similar analysis would be provided for below mentioned regions/countries

11.2 Europe

11.2.1 Germany

11.2.2 France

11.2.3 Italy

11.2.4 Spain

11.2.5 United Kingdom

11.2.6 Rest of Europe

11.3 Asia-Pacific

11.3.1 Australia

11.3.2 China

11.3.3 India

11.3.4 Japan

11.3.5 South Korea

11.3.6 Rest of Asia-Pacific

11.4 Middle East and Africa

11.4.1 South Africa

11.4.2 Saudi Arabia

11.4.3 U.A.E

11.4.4 Rest of Middle East and Africa

11.5 South and Central America

11.5.1 Brazil

11.5.2 Argentina

11.5.3 Rest of South and Central America

12. Industry Landscape

12.1 Mergers and Acquisitions

12.2 Agreements, Collaborations, Joint Ventures

12.3 New Product Launches

12.4 Expansions and Other Strategic Developments

13. Competitive Landscape

13.1 Heat Map Analysis by Key Players

13.2 Company Positioning and Concentration

14. Electronic Health Record Market - Key Company Profiles

14.1 Oracle Corp

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

Note - Similar information would be provided for below list of companies

14.2 AltexSoft Inc

14.3 Veradigm Inc

14.4 Greenway Health LLC

14.5 eClinicalWorks LLC

14.6 Infor-Med Inc

14.7 Microwize Technology Inc

14.8 Athenahealth Inc

14.9 ChipSoft.com Inc

14.10 AdvancedMD Inc

14.11 PracticeSuite Inc

15. Appendix

15.1 Glossary

15.2 About The Insight Partners

15.3 Market Intelligence Cloud

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.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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