Hospital Electronic Health Records Market Size Worth USD 27.46 Billion by 2032 | CAGR: 3.9%

The global hospital electronic health records market size is expected to reach USD 27.46 Billion by 2032, according to a new study by Polaris Market Research. The report “Global Hospital Electronic Health Records Market Size, Share, Trends, Industry Analysis Report: Information By Component (Hardware, Software, Services), By Mode of Delivery, By Type, By Application, and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The hospital electronic health records market is driven by the increasing use of digital medical records by hospitals. For instance, the National Coordinator for Health Information Technology (ONC) reported that in 2021, about 96% of non-federal acute care hospitals had implemented certified EHR systems. The data demonstrated substantial progress compared to 2011 when only 28% of hospitals had adopted EHR systems. As a result, the growing adoption of electronic health records for patient care, operational efficiency, and data management has propelled the digital health records market in the healthcare industry.

In the hospital electronic health records market forecast, new systems possess upgraded features such as better user interfaces, advanced data analytics, interoperability capabilities, and integration with emerging technologies such as artificial intelligence and telehealth. Further, the interoperability of electronic health record systems has led to improved efficiency, user experience, and the capacity to deliver comprehensive patient care. Consequently, hospitals are integrating electronic health records to provide a broad range of healthcare benefits, such as accurate and clear medical records, resulting in the growth of the hospital electronic health records market.

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In the hospital electronic health records market, telemedicine has become crucial for healthcare delivery. Hospitals are demanding electronic health records systems that support remote monitoring, virtual consultations, and digital communication between patients and providers. Moreover, healthcare providers, including medical and surgical specialists, are increasingly adopting EHR systems to enhance healthcare delivery efficiency and accuracy. The major market players are leveraging advanced technologies such as cloud computing, artificial intelligence, and interoperability features to improve data management, clinical workflows, and patient engagement within hospitals. All these factors are contributing to the growth of the hospital electronic health records industry.

Hospital Electronic Health Records Market Report Highlights

• The cloud-based sector of the hospital electronic health records market is anticipated to experience substantial growth due to multiple advantages, including improved customer experience, enhanced decision-making capabilities, increased productivity, and bolstered profitability.
• The interoperable electronic medical records (EMRs) within the electronic health records market for hospitals are forecasted to experience substantial growth. The growth of interoperable EMRs is being propelled by the increased launches of products aimed at fulfilling the rising need for data exchange among healthcare systems.
• The hospital electronic health records market in North America has the highest revenue share globally due to the region's advanced healthcare infrastructure and substantial healthcare IT spending. These factors enable hospitals to invest in electronic health record technologies heavily.
• The global key market players are AdvancedMD, Inc., athenahealth, Inc., CureMD Healthcare, eClinicalWorks, Epic Systems Corporation, GE HealthCare, Greenway Health, LLC, MCKESSON CORPORATION, Medical Information Technology, Inc., NXGN Management, LLC, Oracle, and Veradigm LLC.

Polaris Market Research has segmented the Hospital Electronic Health Records Market report based on component, mode of delivery, type, application, and region:

Hospital Electronic Health Records Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Hardware
• Software
• Services

Hospital Electronic Health Records Mode of Delivery Outlook (Revenue - USD Billion, 2019 - 2032)

• Cloud-based
• On-premise Model

Hospital Electronic Health Records, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Interoperable EMRs
• Speech enabled EMRs
• Traditional EMRs
• Others

Hospital Electronic Health Records, Application Outlook (Revenue - USD Billion, 2019 - 2032)

• Cardiology
• Neurology
• Oncology
• Radiology
• Others

Hospital Electronic Health Records, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of APAC

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of MEA

Hospital Electronic Health Records Report Scope: