NEW YORK, June 22, 2023 /PRNewswire/ -- The electronic health records market size is set to grow by USD 32.27 billion between 2022 and 2027. However, the market is estimated to decline at a CAGR of 12.91%, according to Technavio's latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio's reports present a detailed study by way of synthesis, and summation of data from multiple sources. Discover some insights on market size, historic period (2017 to 2021), and Forecast (2023 to 2027) before buying the full report -Request a sample report
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Electronic health records market – Vendor Analysis
Vendor Landscape - The global electronic health records market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer electronic health records in the market are Allscripts Healthcare Solutions Inc., CareCloud Inc., Computer Programs and Systems Inc., CureMD.com Inc., Dedalus Group, eClinicalWorks LLC, Epic Systems Corp., EverCommerce Inc., General Electric Co., Global Payments Inc., Greenway Health LLC, KareXpert Technologies Pvt. Ltd., McKesson Corp., MEDHOST, Medical Information Technology Inc., Oracle Corp., Siemens AG, Tebra Technologies Inc., Athenahealth Inc., and Dell Technologies Inc. and others.
Vendor Offerings -
- Allscripts Healthcare Solutions Inc. - The company offers electronic health records for various purposes, ranging from independent medical professionals to large administrative health records in hospitals.
- CureMD.com Inc. - The company offers a range of enterprise-grade platforms such as all-in-one solutions, EHR, Practice Management, Specialty EHR, and Medical Billing Services among others.
- eClinicalWorks LLC - The company offers Dedalus Smart Electronic Health Record, which supports an enterprise-wide view of patient care and the point at which care was delivered.
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Electronic Health Records Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on deployment (on-premises and cloud-based), and component (services, software, and hardware)
The market share growth of the on-premises segment will be significant during the forecast period. On-premises EHR provides its customers with increased control over systems and resources because the entire setup is controlled by the organization itself and not by any third party. As a result, it enables improved data security by provisioning critical data to be managed in-house. The private information of the organization is safe, and no third party can access it. Hence, these benefits provided by on-premises EHR will drive segment growth during the forecast period.
Geography Overview
The electronic health records market is segmented by geography into North America, Europe, Asia, and the Rest of the World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global electronic health records market.
North America is estimated to contribute 41% to the growth of the global market during the forecast period. The market growth in the region can be attributed to the adoption of EHR. This is due to the stringent regulatory norms and widely implemented EHR incentivizing policies by the governments. The US and Canada are the major countries in the region that have implemented EHR systems and advanced healthcare IT solutions. Furthermore, an increase in the prevalence of acute and chronic diseases, including several heart diseases, diabetes, cancer, and awareness about the benefits of EHR are key factors driving the growth of the market in the region during the forecast period.
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Electronic Health Records Market – Market Dynamics
Leading Drivers
Government initiatives supporting EHR adoption are a major driver fueling the EHR market growth. The use of EHR in the healthcare business is being promoted and supported by numerous initiatives and legislation enacted by governments across the world. Because of government support, healthcare systems may easily deploy EHR systems and get financial assistance, removing the related cost issue. For example, in the United Kingdom, the National Health Service (NHS) has transformed all documentation procedures into digitized forms and continues to promote them in the various EU member states. Furthermore, numerous regional programs are pushing digital healthcare services. Hence, these government efforts are driving the growth of the electronic health records market during the forecast period.
Key Trends
The growing use of connected devices and technologies is a major trend influencing the EHR market. The use of connected devices and technologies is highly adopted in the healthcare industry. The IoT helps in bridging the gap between digital data sources and physical by monitoring patients in real time. The key benefits that IoT infrastructure provides are improving accessibility to services, reducing the operational burden on healthcare facilities, and supporting the development of digital ecosystems in healthcare organizations. The number of data sources and the amount of data generated is increasing rapidly because of the rising use of connected medical devices in the healthcare industry. Hence, these benefits are the key factors that are driving the growth of the market.
Major challenges
Rising data security and privacy concerns are major hindrances to the EHR market growth. The healthcare industry has experienced an increase in cyberattacks, causing alarm and raising concerns about privacy and data security. Participants in the industry, including hospitals, clinics, and insurance companies are particularly concerned about safeguarding their private information. The current shift towards digitization of healthcare operations and electronic patient record management has resulted in a sudden change in the healthcare business. While medical data is critical for improving healthcare quality, obtaining insights, and lowering healthcare costs, security, and privacy concerns are the major challenge in the healthcare industry from implementing many advanced technologies.
What are the key data covered in this Electronic Health Records Market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the electronic health records market between 2023 and 2027
- Precise estimation of the size of the electronic health records market and its contribution to the market with a focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the electronic health records market across North America, Europe, Asia, and the Rest of the World (ROW)
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of electronic health records Market vendors
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Electronic Health Records Market Scope |
|
Report Coverage |
Details |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Decelerate at a CAGR of 12.91% |
Market growth 2023-2027 |
USD 32.27 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
13.53 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Canada, UK, Germany, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Allscripts Healthcare Solutions Inc., CareCloud Inc., Computer Programs and Systems Inc., CureMD.com Inc., Dedalus Group, eClinicalWorks LLC, Epic Systems Corp., EverCommerce Inc., General Electric Co., Global Payments Inc., Greenway Health LLC, KareXpert Technologies Pvt. Ltd., McKesson Corp., MEDHOST, Medical Information Technology Inc., Oracle Corp., Siemens AG, Tebra Technologies Inc., Athenahealth Inc., and Dell Technologies Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market Overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global electronic health records market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global electronic health records market 2017 - 2021 ($ billion)
- 4.2 Deployment Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ billion)
- 4.3 Component Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Deployment
- 6.1 Market segments
- Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)
- 6.2 Comparison by Deployment
- Exhibit 32: Chart on Comparison by Deployment
- Exhibit 33: Data Table on Comparison by Deployment
- 6.3 On-premise - Market size and forecast 2022-2027
- Exhibit 34: Chart on On-premise - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on On-premise - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on On-premise - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on On-premise - Year-over-year growth 2022-2027 (%)
- 6.4 Cloud-based - Market size and forecast 2022-2027
- Exhibit 38: Chart on Cloud-based - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Deployment
- Exhibit 42: Market opportunity by Deployment ($ billion)
7 Market Segmentation by Component
- 7.1 Market segments
- Exhibit 43: Chart on Component - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Component - Market share 2022-2027 (%)
- 7.2 Comparison by Component
- Exhibit 45: Chart on Comparison by Component
- Exhibit 46: Data Table on Comparison by Component
- 7.3 Services - Market size and forecast 2022-2027
- Exhibit 47: Chart on Services - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on Services - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Services - Year-over-year growth 2022-2027 (%)
- 7.4 Software - Market size and forecast 2022-2027
- Exhibit 51: Chart on Software - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Software - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Software - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Software - Year-over-year growth 2022-2027 (%)
- 7.5 Hardware - Market size and forecast 2022-2027
- Exhibit 55: Chart on Hardware - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on Hardware - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Component
- Exhibit 59: Market opportunity by Component ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 61: Chart on Market share by geography 2022-2027 (%)
- Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 63: Chart on Geographic comparison
- Exhibit 64: Data Table on Geographic comparison
- 9.3 North America - Market size and forecast 2022-2027
- Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 Asia - Market size and forecast 2022-2027
- Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)
- 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
- Exhibit 77: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
- 9.7 US - Market size and forecast 2022-2027
- Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.8 Canada - Market size and forecast 2022-2027
- Exhibit 85: Chart on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on Canada - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.9 UK - Market size and forecast 2022-2027
- Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 China - Market size and forecast 2022-2027
- Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.12 Market opportunity by geography
- Exhibit 101: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 102: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 104: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 105: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 106: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 107: Matrix on vendor position and classification
- 12.3 Allscripts Healthcare Solutions Inc.
- Exhibit 108: Allscripts Healthcare Solutions Inc. - Overview
- Exhibit 109: Allscripts Healthcare Solutions Inc. - Business segments
- Exhibit 110: Allscripts Healthcare Solutions Inc. - Key news
- Exhibit 111: Allscripts Healthcare Solutions Inc. - Key offerings
- Exhibit 112: Allscripts Healthcare Solutions Inc. - Segment focus
- 12.4 Athenahealth Inc.
- Exhibit 113: Athenahealth Inc. - Overview
- Exhibit 114: Athenahealth Inc. - Product / Service
- Exhibit 115: Athenahealth Inc. - Key offerings
- 12.5 CareCloud Inc.
- Exhibit 116: CareCloud Inc. - Overview
- Exhibit 117: CareCloud Inc. - Business segments
- Exhibit 118: CareCloud Inc. - Key news
- Exhibit 119: CareCloud Inc. - Key offerings
- Exhibit 120: CareCloud Inc. - Segment focus
- 12.6 Computer Programs and Systems Inc.
- Exhibit 121: Computer Programs and Systems Inc. - Overview
- Exhibit 122: Computer Programs and Systems Inc. - Business segments
- Exhibit 123: Computer Programs and Systems Inc. - Key offerings
- Exhibit 124: Computer Programs and Systems Inc. - Segment focus
- 12.7 CureMD.com Inc.
- Exhibit 125: CureMD.com Inc. - Overview
- Exhibit 126: CureMD.com Inc. - Product / Service
- Exhibit 127: CureMD.com Inc. - Key offerings
- 12.8 Dedalus Group
- Exhibit 128: Dedalus Group - Overview
- Exhibit 129: Dedalus Group - Product / Service
- Exhibit 130: Dedalus Group - Key offerings
- 12.9 Dell Technologies Inc.
- Exhibit 131: Dell Technologies Inc. - Overview
- Exhibit 132: Dell Technologies Inc. - Business segments
- Exhibit 133: Dell Technologies Inc. - Key news
- Exhibit 134: Dell Technologies Inc. - Key offerings
- Exhibit 135: Dell Technologies Inc. - Segment focus
- 12.10 eClinicalWorks LLC
- Exhibit 136: eClinicalWorks LLC - Overview
- Exhibit 137: eClinicalWorks LLC - Product / Service
- Exhibit 138: eClinicalWorks LLC - Key news
- Exhibit 139: eClinicalWorks LLC - Key offerings
- 12.11 Epic Systems Corp.
- Exhibit 140: Epic Systems Corp. - Overview
- Exhibit 141: Epic Systems Corp. - Product / Service
- Exhibit 142: Epic Systems Corp. - Key offerings
- 12.12 EverCommerce Inc.
- Exhibit 143: EverCommerce Inc. - Overview
- Exhibit 144: EverCommerce Inc. - Product / Service
- Exhibit 145: EverCommerce Inc. - Key offerings
- 12.13 General Electric Co.
- Exhibit 146: General Electric Co. - Overview
- Exhibit 147: General Electric Co. - Business segments
- Exhibit 148: General Electric Co. - Key news
- Exhibit 149: General Electric Co. - Key offerings
- Exhibit 150: General Electric Co. - Segment focus
- 12.14 Global Payments Inc.
- Exhibit 151: Global Payments Inc. - Overview
- Exhibit 152: Global Payments Inc. - Business segments
- Exhibit 153: Global Payments Inc. - Key offerings
- Exhibit 154: Global Payments Inc. - Segment focus
- 12.15 Greenway Health LLC
- Exhibit 155: Greenway Health LLC - Overview
- Exhibit 156: Greenway Health LLC - Product / Service
- Exhibit 157: Greenway Health LLC - Key offerings
- 12.16 KareXpert Technologies Pvt. Ltd.
- Exhibit 158: KareXpert Technologies Pvt. Ltd. - Overview
- Exhibit 159: KareXpert Technologies Pvt. Ltd. - Product / Service
- Exhibit 160: KareXpert Technologies Pvt. Ltd. - Key offerings
- 12.17 Oracle Corp.
- Exhibit 161: Oracle Corp. - Overview
- Exhibit 162: Oracle Corp. - Business segments
- Exhibit 163: Oracle Corp. - Key news
- Exhibit 164: Oracle Corp. - Key offerings
- Exhibit 165: Oracle Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 166: Inclusions checklist
- Exhibit 167: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 168: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 169: Research methodology
- Exhibit 170: Validation techniques employed for market sizing
- Exhibit 171: Information sources
- 13.5 List of abbreviations
- Exhibit 172: List of abbreviations
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