Electronic Health Records (EHR) Market Report

Electronic Health Records (EHR) Market Analysis By Product (Client Server-based, Web-based), By Type (Acute, Ambulatory, Post-Acute) By End-use (Hospitals, Ambulatory Care), And Segment Forecasts, 2014 - 2025

Published: April 2017  |  125 Pages  |  Format: PDF  |  Report ID: 978-1-68038-394-2

Industry Insights

The global Electronic Health Records (EHR) market size was estimated at USD 20.55 billion in 2016. The rising demand for streamlining electronic healthcare systems along with technological advancements in the field of healthcare information technology (IT) is expected to be a key factor contributing to the market growth. In addition, government initiatives promoting EHR are likely to accentuate the demand for electronic systems. 

EHRs offer a range of advantages to the healthcare providers and patients, ultimately increasing system productivity and patient satisfaction. Increasing adoption of software solutions such as data mining, clinical decision support system, and clinical trial management systems is further expected to propel the demand of EHR.

U.S. EHR market, by product, 2014 - 2025 (USD Million)

U.S. EHR market

 A rising number of medical professionals are opting for technologically advanced data management systems in order to save time and resources. The increasing requirement of remote monitoring of geriatric patients is responsible for creating demand for improved healthcare facilities. Moreover, the introduction of technologically advanced software is expected to drive industry growth over the forecast period. 

Product Insights

Web-based EHR systems accounted for majority of the market share in the year 2016. These systems are more popular with physicians & care providers operating on comparatively smaller scale as they can be installed without in-house servers and still offer extensive customizations and improvements based on the requirements. 

The web-based systems are also identified to be the fastest growing product segment as they are more convenient for clinics, pharmacies, and small-scaled laboratories. Limited requirement of hardware infrastructure reduces the cost of system installation. The technology related aspects are handled by external parties. Moreover, these systems utilize full encryption for data protection to ensure data safety. 

The healthcare providers are switching to subscription-based web EHRs pertaining to the rising cost-cutting pressures. Moreover, these cloud-based systems offer attractive benefits without the need of infrastructure and maintenance. The only thing required by web-based systems is internet connectivity. Subscription-based systems provide integrated operability convenient for small- to medium-scaled medical professionals. 

Type Insights

The acute EHR was identified to be the largest type segment in the year 2016.In acute care hospitals, the management of patient records is an ongoing process with collection of reports from external medical facilities. The American Recovery and Reinvestment Act (ARRA), also referred to as the economic stimulus bill, provides Medicare and Medicaid incentive payments to acute healthcare facilities in order to encourage adoption of EHRs. 

Acute care hospitals covered under Inpatient Prospective Payment System (IPPS) are eligible for Medicare incentive payments. Post-acute care segment is expected to grow at the fastest rate over the forecast period. EHR in long-term care systems facilitate exchange of health information between different departments. 

End-use Insights

Hospital use was identified to be the largest end-use segment in the year 2016. Hospitals generate tremendous medical data on a daily basis. Hence, EHRs have become an integral part of patient data management owing to the convenience and increased productivity. The benefits offered by the in-house EHR systems such as cost and time saving to the large-scaled hospitals are responsible for the revenue growth. 

On the other hand, ambulatory care is expected to display the highest growth over the forecast period. The ambulatory systems are convenient to both care providers and patients. The ambulatory care centers rely on these systems for effective data management. Rising preference to cloud-based EHRs by the small- and medium-scaled healthcare providers will contribute to market growth. 

Regional Insights

North America held the largest market share at around 42% in 2016. The Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009 proposed by the Federal Health IT Strategic Plan mandates the meaningful use of EHR by healthcare providers.

Global EHR market, by region, 2016 (%)

Global EHR market

Around 84% hospitals in this region adapted to a basic system, which represented a nine fold growth since 2008.Majority of healthcare providers in the country have successfully developed EHRs for patients, enabling them to schedule appointments with physicians, apply for prescriptions online, etc. 

Asia Pacific is expected to be the fastest growing regional segment over the forecast period. Emerging economies in this region including China and India have been experiencing strong economic growth. High demand for healthcare IT services in healthcare as a result of increasing government spending is expected to propel the EHR market in this region. In addition, China is considered as home for production of low-cost electronic chips and components, which is expected to attract more investors. 

Competitive Insights

The market is mainly characterized by collaborations and partnerships between the companies and acquisitions of smaller players as a part of strategic expansion. The acquisition of information system of Siemens Corporation by Cerner for USD 1.3 billion was notable event in the industry. The business focuses on patient electronic records and administrative hospital IT for around 5,000 facilities across 40 countries.some of the companies are focusing on introduction of customized EHR systems based on individual client needs. Cerner; Allscripts; McKesson Corporation; MEDITECH; Epic Systems Corporation; NextGen Healthcare; etc. are some of the well-established players in the market. In addition, some of the emerging players in the industry includes eClinicalWorks; Healthcare Management Systems; Healthland; and CureMD Healthcare.

Report Scope 

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation                                                

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, UK, Germany, France, Japan, China, India, Brazil, South Africa

Report coverage             

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global EHR market on the basis of product, type, end-use, and region: 

  • Product Outlook (Revenue, USD Million, 2014 - 2025)

    • Client Server-based

    • Web-based

  • Type Outlook (Revenue, USD Million, 2014 - 2025)

    • Acute

    • Ambulatory

    • Post-Acute

  • End-use Outlook (Revenue, USD Million, 2014 - 2025)

    • Hospitals

    • Ambulatory Care

  • Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

    • Europe

      • UK

      • Germany

      • France

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

    • Middle East & Africa

      • South Africa

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