Electronic Health Records Market Size to Hit USD 93.1 Billion by 2035 | Exclusive Report by Roots Analysis
The electronic health records market size was valued at USD 36.5 billion in 2024 and grew at a CAGR of 8.89% during the forecast period 2024 to 2035
Electronic Health Records (EHRs) are real-time comprehensive digital versions of patients' paper charts, encompassing a wide range of data, including medical history, diagnoses, medications, treatment plans, immunization dates, allergies, radiology images, and laboratory test results. EHRs have become integral to modern healthcare due to their ability to improve the quality of care, enhance patient safety and facilitate efficient healthcare delivery.
Currently, the EHR market is well-fragmented, featuring the presence of both new entrants and established players. These companies offer several types of EHRs and EHR systems, across different applications, including administrative task and billing, clinical records, physician support and others. The majority of the EHR providers offer cloud-based EHR systems, owing to their superior scalability, cost-effectiveness and ease of access.
Further, given the increasing complexity of healthcare systems, there is a rising demand for EHRs that can seamlessly connect and share data across different platforms and providers. Moreover, this trend is driven by the need for a more coordinated and comprehensive approach to patient care, wherein the information flows easily between primary care providers and specialists. Regulatory bodies are working to establish standardized data formats, encouraging the adoption of interoperable EHR systems. This has prompted the EHR market to experience a noteworthy increase during the forecast period.
The electronic health records market size was valued at USD 36.5 billion in 2024 and likely to hit USD 93.1 billion by 2035, growing at a CAGR of 8.89% during the forecast period 2024 to 2035
Key Market Players:
Epic Systems, Cerner, eClinicalWorks, NextGen Healthcare, AthenaHealth, Practice Fusion, Veradigm, DrChrono, MEDITECH, Greenway Health, Trubridge, AdvancedMD, CureMD, CareCloud, Microwize Technology, ChipSoft, PracticeSuite, Kareo, Netsmart, CompuGroup Medical, RXNT, Philips, InterSystems, WRS Health, Bizmatics.
Market Segments
Based on the type of EHR, the market is segmented into acute electronic health record, ambulatory electronic health record and post-acute electronic health record.
The ambulatory electronic health record segment is likely to capture the largest revenue share of close to 45% in 2024.
The ambulatory electronic health record segment is expected to witness the highest market growth rate of 9.4%, during the forecast period.
Based on the type of EHR system, the market is segmented into web-based EHR system and client-based EHR system.
The web-based EHR system is likely to lead the capturing the largest revenue share of 55% in 2024.
The web-based EHR system is anticipated to be the fastest growing segment in the EHR market with a CAGR of 9.2%, during the forecast period.
Based on the application, the market is segmented into clinical records, physician support, administrative tasks and billing and others.
The clinical records segment is likely to capture the largest revenue share of 44% in 2024.
The clinical records segment is expected to witness the highest CAGR of 9.3%, during the forecast period.
Based on the therapeutic area, the market is segmented into cardiological disorders, oncological disorders, inflammatory disorders, metabolic disorders, neurological disorders, respiratory disorders and other disorders.
The cardiological disorders segment is expected to capture the largest revenue share of 27% in 2024.
The inflammatory disorders segment is anticipated to witness the highest market growth rate of 10.8%, during the forecast period.
Based on the end-user, the market is segmented into hospitals and clinics, ambulatory care and other end-users.
The hospitals and clinics segment are likely to capture the largest revenue share of close to 45% in the EHR market, in 2024.
The ambulatory care segment is expected to witness a higher market growth rate of 9.6%, during the forecast period.
Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East and North Africa.
North America is expected to dominate the electronic health records market and is likely to account for the largest revenue share of more than 40% in 2024.
In Asia-Pacific, the electronic health records market is expected to witness a higher growth rate of 11.2%, during the forecast period.
Regional Outlook
Currently, North America captures around 45% of the electronic health records market share. Considering the advanced healthcare infrastructure, robust adoption of digital health technologies, and strong regulatory support for EHR implementation, North America is expected to dominate the overall market during the forecast period. It is worth highlighting that the market in Asia-Pacific is likely to grow at a higher rate owing to the lower costs, cheap and skilled labor and supportive regulatory landscapes in the region.
Market Segmentation:
by Type of EHR
§ Acute Electronic Health Records
§ Ambulatory Electronic Health Records
§ Post-acute Electronic Health Records
by Type of EHR System
§ Web-based EHR Systems
§ Client-based EHR Systems
by Application
§ Administrative Task and Billing
§ Clinical Records
§ Physician Support
§ Others
by Therapeutic Area
§ Cardiological Disorders
§ Oncological Disorders
§ Inflammatory Disorders
§ Metabolic Disorders
§ Neurological Disorders
§ Respiratory Disorders
§ Other Disorders
by End-users
§ Hospitals and Clinics
§ Ambulatory Care
§ Other End-users
by Geography
§ North America
§ Europe
§ Asia-Pacific
§ Latin America
§ Middle East and North Africa
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