The global electronic health records market size was USD 26.23 billion in 2023, calculated at USD 27.51 billion in 2024 and is projected to surpass around USD 44.39 billion by 2034, expanding at a CAGR of 4.9% from 2024 to 2034.
The global electronic health records market size accounted for USD 27.51 billion in 2024 and is expected to be worth around USD 44.39 billion by 2034, at a CAGR of 4.9% from 2024 to 2034. The North America electronic health records market size reached USD 12.07 billion in 2023.
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The U.S. electronic health records market size was estimated at USD 8.46 billion in 2023 and is predicted to be worth around USD 14.63 billion by 2034, at a CAGR of 5.1% from 2024 to 2034.
Based on region, North America accounted for a significant market share of around 46% in 2023 and is estimated to sustain its dominance during the forecast period. North America is characterized by higher adoption rate of innovative and digital technologies in the healthcare industry, which fueled the market growth in this region. Moreover, well-established IT and telecommunication infrastructure and presence of developed healthcare infrastructure facilitates the adoption of electronic health records across the North America.
The Asia Pacific is estimated to be the most opportunistic market during the forecast period. The growing government initiatives to develop strong healthcare infrastructure and adopt digital technologies across the healthcare units. The nations like China, Japan, India, and South Korea presents a lucrative growth opportunity owing to the increased demand for the quality and standard services in the healthcare units.
The rising number of patients in the hospitals and other healthcare units is rising owing to the rising prevalence of various chronic diseases and growing geriatric population across the globe. The need for reducing paperwork and demand for digitalization of the healthcare systems is boosting the growth of the global electronic health records market. The government initiatives to digitalize the healthcare facilities is a major contributor to the growth of the electronic health records market. For instance, My Health Record is a digital health record platform for the Australian citizens. These health records can enhance the patient care in the hospitals as the past medical and health records of a particular patient can be analyzed to provide better treatment to the patient. The growing adoption of electronic health records platform among the hospitals, clinics, and diagnostic labs is expected to significantly drive the global market during the forecast period.
The presence of the numerous market players and various developmental strategies adopted by them such as new product launches, acquisitions, partnerships, and agreements is a major factors that influences the growth of the electronic health records market. For instance, Allscripts Healthcare Solutions entered into a strategic partnership with the US Orthopedic Alliance to introduce improved electronic health records. The rising government and corporate investments to develop a strong and sophisticated IT and telecommunications infrastructure is expected to foster the adoption rate of electronic health records across the globe. Furthermore, the growing need for the integration of healthcare system and introduction of the big data in the healthcare industry is expected to drive the growth of electronic health records market during the forecast period. In March 2021, the European electronic health record exchange was a recommendation adopted by the European Commission, which will securely transfer health related data across the European nations. These types of government initiative to promote electronic health records is expected to fuel the adoption rate across the globe.
| Report Highlights | Details |
| Market Size in 2023 | USD 26.23 Billion |
| Market Size in 2024 | USD 27.51 Billion |
| Market Size by 2034 | USD 44.39 Billion |
| Growth Rate from 2024 to 2034 | CAGR of 4.9% |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2023 |
| Forecast Period | 2024 to 2034 |
| Segments Covered | Type, Product, End User, Region |
| Regions Covered | North America, Asia Pacific, Europe, Latin America, Middle East and Africa |
Based on type, the acute segment accounted for around 48% of the market share in 2023 and is estimated to sustain its dominance during the forecast period. The increased government initiatives to implement the adoption of electronic health records in the small healthcare facilities have significantly contributed towards the growth of this segment.
On the other hand, the post-acute segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to the extensive usage of post-acute electronic health records in the rehabilitation centers, home health service providers, and long term healthcare units. The segment’s growth is expected to grow owing to the rising consumer expenditure on the rehabilitation services.
Based on product, the web based segment accounted for around 55% of the market share in 2023 and is estimated to sustain its dominance during the forecast period. This is attributed to the increased popularity and higher adoption of the web based electronic health records among the doctors/physicians and other small scale healthcare service providers across the globe. The web based electronic health records can be customized and altered as per the requirements and hence, the demand for this is higher.
On the other hand, the client server based segment is expected to be the fastest-growing segment during the forecast period. The client server based electronic health records offers in-house data storage that provides high data security and eliminates the chances of data breach and data theft. Moreover, it can be operated without a stable internet connection and is considered to be an idle choice for the multi-physician healthcare units.
Based on end user, the hospitals segment accounted for around 60% of the market share in 2023 and is expected to sustain its dominance during the forecast period. This can be attributed to the increased number of hospital admissions which generates huge amount of data. This data needs to be stored safely and this need is perfectly served by the electronic health records systems. The rising number of private hospitals across the globe is expected to further drive the growth of this segment during the forecast period.
On the other hand, the ambulatory services segment is estimated to be the most opportunistic segment during the forecast period. Ambulatory services includes pharmacies, laboratories, and clinics that are popular for the conveniences they offer to the patients. The rising number of pharmacies and clinics across the developed and developing nations is expected to drive the growth of this segment in the foreseeable future.
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting strategies, such as investments, partnerships, and acquisitions & mergers. Companies are also spending on the development of improved products. Moreover, they are also focusing on maintaining competitive pricing.
In October 2019, Meditech and Google merged to provide electronic health records data through the Google Cloud.
The various developmental strategies like acquisition, partnerships, mergers, and government policies fosters market growth and offers lucrative growth opportunities to the market players.
Segments Covered in the Report
By Type
By Product
By Business Models
By End User
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Electronic Health Records Market
5.1. COVID-19 Landscape: Electronic Health Records Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Electronic Health Records Market, By Product
8.1. Electronic Health Records Market, by Product Type, 2024-2034
8.1.1. Web Server Based
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Client Server Based
8.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 9. Global Electronic Health Records Market, By Type
9.1. Electronic Health Records Market, by Type, 2024-2034
9.1.1. Acute
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Post-Acute
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Ambulatory
9.1.3.1. Market Revenue and Forecast (2021-2034)
Chapter 10. Global Electronic Health Records Market, By End User
10.1. Electronic Health Records Market, by End User, 2024-2034
10.1.1. Hospitals
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Ambulatory Services
10.1.2.1. Market Revenue and Forecast (2021-2034)
Chapter 11. Global Electronic Health Records Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2021-2034)
11.1.2. Market Revenue and Forecast, by Type (2021-2034)
11.1.3. Market Revenue and Forecast, by End User (2021-2034)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2021-2034)
11.1.4.2. Market Revenue and Forecast, by Type (2021-2034)
11.1.4.3. Market Revenue and Forecast, by End User (2021-2034)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2021-2034)
11.1.5.2. Market Revenue and Forecast, by Type (2021-2034)
11.1.5.3. Market Revenue and Forecast, by End User (2021-2034)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2021-2034)
11.2.2. Market Revenue and Forecast, by Type (2021-2034)
11.2.3. Market Revenue and Forecast, by End User (2021-2034)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2021-2034)
11.2.4.2. Market Revenue and Forecast, by Type (2021-2034)
11.2.4.3. Market Revenue and Forecast, by End User (2021-2034)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2021-2034)
11.2.5.2. Market Revenue and Forecast, by Type (2021-2034)
11.2.5.3. Market Revenue and Forecast, by End User (2021-2034)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2021-2034)
11.2.6.2. Market Revenue and Forecast, by Type (2021-2034)
11.2.6.3. Market Revenue and Forecast, by End User (2021-2034)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2021-2034)
11.2.7.2. Market Revenue and Forecast, by Type (2021-2034)
11.2.7.3. Market Revenue and Forecast, by End User (2021-2034)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2021-2034)
11.3.2. Market Revenue and Forecast, by Type (2021-2034)
11.3.3. Market Revenue and Forecast, by End User (2021-2034)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2021-2034)
11.3.4.2. Market Revenue and Forecast, by Type (2021-2034)
11.3.4.3. Market Revenue and Forecast, by End User (2021-2034)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2021-2034)
11.3.5.2. Market Revenue and Forecast, by Type (2021-2034)
11.3.5.3. Market Revenue and Forecast, by End User (2021-2034)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2021-2034)
11.3.6.2. Market Revenue and Forecast, by Type (2021-2034)
11.3.6.3. Market Revenue and Forecast, by End User (2021-2034)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2021-2034)
11.3.7.2. Market Revenue and Forecast, by Type (2021-2034)
11.3.7.3. Market Revenue and Forecast, by End User (2021-2034)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2021-2034)
11.4.2. Market Revenue and Forecast, by Type (2021-2034)
11.4.3. Market Revenue and Forecast, by End User (2021-2034)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2021-2034)
11.4.4.2. Market Revenue and Forecast, by Type (2021-2034)
11.4.4.3. Market Revenue and Forecast, by End User (2021-2034)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2021-2034)
11.4.5.2. Market Revenue and Forecast, by Type (2021-2034)
11.4.5.3. Market Revenue and Forecast, by End User (2021-2034)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2021-2034)
11.4.6.2. Market Revenue and Forecast, by Type (2021-2034)
11.4.6.3. Market Revenue and Forecast, by End User (2021-2034)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2021-2034)
11.4.7.2. Market Revenue and Forecast, by Type (2021-2034)
11.4.7.3. Market Revenue and Forecast, by End User (2021-2034)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2021-2034)
11.5.2. Market Revenue and Forecast, by Type (2021-2034)
11.5.3. Market Revenue and Forecast, by End User (2021-2034)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2021-2034)
11.5.4.2. Market Revenue and Forecast, by Type (2021-2034)
11.5.4.3. Market Revenue and Forecast, by End User (2021-2034)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2021-2034)
11.5.5.2. Market Revenue and Forecast, by Type (2021-2034)
11.5.5.3. Market Revenue and Forecast, by End User (2021-2034)
Chapter 12. Company Profiles
12.1. Epic Systems Corp
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Cerner Corp
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. GE Healthcare
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Allscripts Healthcare, LLC.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. eClinicalWorks
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. CPSi
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. McKesson Corp
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Medical Information Technology, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. NextGen Healthcare, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. HMS
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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