Global Electronic Health Records Market Size To Worth USD 52.03 Billion by 2033 | CAGR of 5.06%

Category: Healthcare

RELEASE DATE Apr 2024
REPORT ID SI4092

A PHP Error was encountered

Severity: Notice

Message: Undefined variable: table

Filename: press/detail.php

Line Number: 118

Backtrace:

File: /home/admin/web/sphericalinsights.com/public_html/application/views/press/detail.php
Line: 118
Function: _error_handler

File: /home/admin/web/sphericalinsights.com/public_html/application/views/layouts/master_header_footer.php
Line: 693
Function: view

File: /home/admin/web/sphericalinsights.com/public_html/application/controllers/Press.php
Line: 89
Function: view

File: /home/admin/web/sphericalinsights.com/public_html/index.php
Line: 295
Function: require_once

Global Electronic Health Records Market Size To Worth USD 52.03 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Electronic Health Records Market Size is to Grow from USD 31.76 Billion in 2023 to USD 52.03 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.06% during the projected period. 

 

Global Electronic Health Records Market

Get more details on this report -

Request Free Sample PDF

 

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Electronic Health Records Market Size, Share, and COVID-19 Impact Analysis, By Product (On-Premise Software, & Cloud Based Software), By Application (Clinical Application, Healthcare Financing, Others), By End User (Hospitals, Clinics), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/electronic-health-records-market

 

A patient's medical records stored digitally is called an electronic health record. The health record is developed, put together, and saved with the aid of an electronic health record (EHR). The need for modern healthcare facilities is driving the usage of EHRs by healthcare practitioners. Clinical record systems, lab, radiography, pharmacy, administrative tasks, and computerized physician order input are some of the essential elements of an EHR. In addition, the growing number of elderly individuals worldwide and the rising prevalence of different chronic diseases are two reasons driving the global market for electronic health records. These factors also contribute to an increase in the number of patients in hospitals and other healthcare facilities. The need to digitize healthcare systems and cut down on paperwork are driving growth in the worldwide market for electronic health records. Moreover, a few things prevent more people from implementing EHRs, despite the fact that they are becoming more and more prevalent in administrative and clinical settings. The high cost of electronic health records is impeding their implementation in many emerging economies. this factor restraints the growth of the EHR market.

 

The cloud-based software segment is expected to hold the largest share of the global electronic health records market during the predicted timeframe.   

On the basis of product, the global electronic health records market is divided into on-premise software, and cloud-based software. Among these, the cloud-based software segment is expected to hold the largest share of the global electronic health records market during the predicted timeframe. Within the realm of electronic health records, it is considered ground-breaking. Small clinical offices can more easily use web and cloud-based EHRs because they do not require additional software or hardware installs.

 

The clinical application segment is expected to hold the largest share of the global electronic health records market during the forecast period.   

Based on the application, the global electronic health records market is divided into clinical application, healthcare financing, and others. Among these, the clinical application segment is expected to hold the largest share of the global electronic health records market during the forecast period. To put together a healthcare data storage system. Globally, more clinical trials are being carried out to enhance the safety and effectiveness of drugs and technology. Furthermore, it is projected that the category of administrative applications will grow steadily during the projection. The growing use of EHRs for administrative data storage is the cause of this growth.

 

The hospital segment is expected to hold the largest share of the global electronic health records market during the estimated timeframe.

On the basis of end user, the global electronic health records market is divided into hospitals, clinics. Among these, the hospital segment is expected to hold the largest share of the global electronic health records market during the estimated timeframe. The growth can be attributed to the significant amount of medical data generated in hospitals. Further bolstering the market's growth is the fact that hospitals have lower EHR installation costs than ambulatory care centers.

 

North America is anticipated to hold the largest share of the global electronic health records market over the predicted timeframe.

 

Global Electronic Health Records Market

Get more details on this report -

Request Free Sample PDF

 

North America is anticipated to hold the largest share of the global electronic health records market over the predicted timeframe. The primary forces behind this region's growth are policies that promote the use of electronic health records and the availability of infrastructure with a high degree of digital literacy. Furthermore, favourable government legislation and regulations that monitor the security of healthcare IT systems are expected to propel the U.S. market for electronic health records.

 

Throughout the projected period, Asia Pacific is anticipated to develop at the fastest rate. This growth is typically linked to the area's healthcare system becoming increasingly digitally integrated as a result of the rising demand for high quality and services. An action plan for the use of e-health services across the country has been established by China's Ministry of Health. It covers a wide range of medical services, insurance plans, and places a strong emphasis on the adoption of electronic record systems that enable data sharing across the nation's healthcare system.

 

Major vendors in the Global Liver Cancer Drug Market include, Cerner Corporation (Oracle), GE Healthcare, Veradigm LLC (Allscripts Healthcare, LLC), Epic Systems Corporation, eClinicalWorks, Greenway Health, LLC, NextGen Healthcare, Inc., Medical Information Technology, Inc. (Meditech), Health Information Management Systems, CPSI, AdvancedMD, Inc., CureMD Healthcare, McKesson Corporation and others.

 

Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In July 2023, The American Podiatric Medical Association (APMA) and NextGen Healthcare have extended their partnership. As per the terms of this collaboration, the only cloud-based EHR and practice management system that makes use of blueprints made especially with APMA is "NextGen Office."

 

  • In April 2023, the innovative EHR software from Epic and Microsoft's Azure OpenAI Service have combined to expand the two firms' strategic partnership, which is focused on creating and implementing generative AI in the healthcare industry.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Global Electronic Health Records Market based on the below-mentioned segments:

 

Global Electronic Health Records Market, By Product

  • On-Premise Software
  • Cloud Based Software

 

Global Electronic Health Records Market, By Application

  • Clinical Application
  • Healthcare Financing
  • Others

 

Global Electronic Health Records Market, By End User

  • Hospitals
  • Clinics

 

Global Electronic Health Records Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

 

About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements. 

 

CONTACT US:

For More Information on Your Target Market, Please Contact Us Below:    

Phone: +1 303 800 4326 (the U.S.)

Phone: +91 90289 24100 (APAC)

Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com

Contact Us: https://www.sphericalinsights.com/contact-us

Follow Us: LinkedIn | Facebook | Twitter

Need help to buy this report?

Inquiry Before Buy
We'll use cookies to improve and customize your experience if you continue to browse. Is it OK if we also use cookies to show you personalized ads?
Learn more and manage your cookies
Yes, Accept Cookies