Within the ever-evolving realm of healthcare technology, the worldwide electronic health records (EHR) market is positioned for substantial growth. According to the latest market analysis, the electronic health records (EHR) market, initially valued at $30,550.3 million in 2020, is anticipated to experience a substantial increase, reaching $63,848.6 million by 2030.This signifies a robust compound annual growth rate (CAGR) of 7.7% from 2021 to 2030.
The electronic health record serves to furnish clinical information encompassing health data, results management, order entry and support, as well as decision support. Within the healthcare system, the primary objective of electronic health records (EHRs) is to efficiently and effectively manage the information essential for the tasks of health personnel. EHRs are employed for the storage and upkeep of crucial clinical information about patients, administrative data management, analysis of patient reports, and conduct of clinical studies. Furthermore, EHR software is crucial in facilitating medical billing procedures. The growth of the electronic health records market is propelled by various factors, including the increasing number of hospitals, the rising prevalence of chronic and infectious diseases, and the expanding geriatric population. For instance, in 2019, according to the “Age UK” report, the UK had around 12 million people aged 65 and above. Moreover, the growing adoption of EHRs for the storage and management of patient data contributes significantly to the expansion of the EHR market.
The detailed report on electronic health records (EHR) delivers significant advantages to stakeholders:
- Thorough Global EHR Market Analysis: The report meticulously examines the global electronic health records market, providing an in-depth understanding of present trends and future projections.
- Insights for Investments: Stakeholders can pinpoint promising investment opportunities in the market, enabling well-informed decisions and the ability to capitalize on emerging prospects.
- Extended Market Forecast: Covering the period from 2021 to 2030, the report provides stakeholders with crucial insights for understanding and seizing opportunities in the electronic health records market.
- Effective Strategic Planning: A comprehensive regional analysis aids stakeholders in comprehending market dynamics at a regional level, facilitating strategic business planning and the identification of lucrative opportunities.
- Competitive Landscape Insights: The report thoroughly examines the profiles and growth strategies of key players such as All scripts healthcare solutions Inc., Cerner Corporation, and Epic systems corporation. This analysis offers valuable insights into the competitive landscape of the global electronic health records market.
Electronic Health Records Market Highlights:
Product Categories: The market is divided into on-premise software and EHR software hosted in the cloud.
Types: Inpatient EHR and Ambulatory EHR.
Applications: Categorized into Clinical Application, Administrative Application, Reporting in Healthcare System, Healthcare Financing, and Clinical Research Application.
End Users: Targeting Hospitals, Clinics, Specialty Centers, and Other End Users.
Regional Analysis: The report offers insights into market trends across North America, Europe, Asia-Pacific, and LAMEA.
