Electronic health records market 2023-2027 | North America is estimated to account for 41% of the growth of the global market – Technavio

NEW YORK, Oct. 27, 2023 /PRNewswire/ — According to Technavio, the global electronic health records market size is estimated to grow by USD 32.27 billion from 2022 to 2027. The market is expected to grow at a CAGR of 12.91% during the forecast period. However, the growth momentum will decelerate. North America will account for 41% of the growth of the global market during the forecast period. Based on geography, the global electronic health records market is segmented into North America, Europe, Asia, and Rest of World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global electronic health records market. North America is estimated to account for 41% of the growth of the global market during the forecast period. The growth of the market is attributed to factors such as the adoption of EHR due to stringent regulatory norms and EHR incentivizing policies. The US and Canada are the leading countries in the region.

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Global electronic health records market – Five forces
The global electronic health records market is fragmented, and the five forces analysis covers– 

Bargaining power of buyers The threat of new entrantsThreat of rivalryBargaining power of suppliersThreat of substitutesFor interpretation of Porter’s five forces model – buy the report!

Global electronic health records market – Parent market analysis

Technavio categorizes the global electronic health records market as a part of the global healthcare technology market, which includes the revenue generated from the sales of healthcare applications and IT systems, Internet-based healthcare tools, and IT consulting services to clinics, hospitals, or businesses operating in the healthcare sector. Technavio calculates the size of the global healthcare technology market based on the combined revenue generated by the manufacturers or providers of equipment, supplies, pharmaceuticals, biotechnology, healthcare technology players, and life sciences tools and services. 

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Global electronic health records market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global electronic health records market – Segmentation assessment

Segment overview
Technavio has segmented the market based on deployment (on-premise and cloud-based) and component (services, software, and hardware). 

The on-premise segment will contribute significantly to the market’s growth during the forecast period. On-premises EHR provides end-users with control over systems and resources, as the entire setup is controlled by the organization and not by a third party. This improves data security, and critical data can be managed in-house. The data is stored on servers on the premises of organizations. Hence, users do not require the Internet to access data or resources. These benefits will drive the growth of the segment during the forecast period.

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Global electronic health records market – Market dynamics
Key factor driving market growth

Government initiatives supporting the adoption of EHR are driving the EHR market growth. With the help of government support, healthcare systems find it easy to implement EHR systems and gain financial support. For instance, in the UK, the National Health Services (NHS) has converted all documentation processes into digitized forms.In addition, various region-specific initiatives are promoting digital healthcare services.Hence, the market is expected to grow during the forecast period. 

Leading trends influencing the market 

The growing use of connected devices and technologies is a key trend in the market. In the healthcare industry, IoT helps in bridging the gap between physical and digital data sources by monitoring patients in real time. The rising use of connected medical devices has increased the number of data sources and the amount of data generated.Hence, device manufacturers and healthcare organizations are focusing on improving their network security, with the rising use of cloud-based infrastructure.These factors are compelling hospitals and clinics to adopt EHR, which will support market growth during the forecast period. 

Major challenges hindering market growth

Rising data security and privacy concerns are challenging market growth. The rise in the number of cyberattacks in the healthcare industry has raised concerns regarding privacy and data protection.The integration of data-generating devices into healthcare systems and the growing availability of data from health insurance companies and hospitals in a centralized place have made healthcare organizational information and patient data vulnerable to cyberattacks.

Hence, security and privacy issues are restricting the healthcare industry from adopting many advanced technologies, which will impede the market’s growth during the forecast period. 

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this electronic health records market report?

CAGR of the market during the forecast periodDetailed information on factors that will drive the growth of the electronic health records market between 2023 and 2027Precise estimation of the size of the electronic health records market and its contribution to the parent marketAccurate predictions about upcoming trends and changes in consumer behaviorGrowth of the electronic health records market across North America, Europe, Asia, and Rest of World (ROW)A thorough analysis of the market’s competitive landscape and detailed information about vendorsComprehensive analysis of factors that will challenge the growth of electronic health records market vendors

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Table of contents

1 Executive Summary

1.1 Market overviewExhibit 01: Executive Summary – Chart on Market OverviewExhibit 02: Executive Summary – Data Table on Market OverviewExhibit 03: Executive Summary – Chart on Global Market CharacteristicsExhibit 04: Executive Summary – Chart on Market by GeographyExhibit 05: Executive Summary – Chart on Market Segmentation by DeploymentExhibit 06: Executive Summary – Chart on Market Segmentation by ComponentExhibit 07: Executive Summary – Chart on Incremental GrowthExhibit 08: Executive Summary – Data Table on Incremental GrowthExhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystemExhibit 10: Parent marketExhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definitionExhibit 12: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 13: Market segments3.3 Market size 20223.4 Market outlook: Forecast for 2022-2027 Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (USD billion)Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD billion)Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global electronic health records market 2017 – 2021 Exhibit 18: Historic Market Size – Data Table on Global electronic health records market 2017 – 2021 (USD billion)4.2 Deployment Segment Analysis 2017 – 2021 Exhibit 19: Historic Market Size – Deployment Segment 2017 – 2021 (USD billion)4.3 Component Segment Analysis 2017 – 2021 Exhibit 20: Historic Market Size – Component Segment 2017 – 2021 (USD billion)4.4 Geography Segment Analysis 2017 – 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD billion)4.5 Country Segment Analysis 2017 – 2021 Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD billion)

5 Five Forces Analysis

5.1 Five forces summaryExhibit 23: Five forces analysis – Comparison between 2022 and 20275.2 Bargaining power of buyers Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 20275.3 Bargaining power of suppliers Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 20275.4 Threat of new entrants Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 20275.5 Threat of substitutes Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 20275.6 Threat of rivalryExhibit 28: Threat of rivalry – Impact of key factors in 2022 and 20275.7 Market conditionExhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Deployment

6.1 Market segmentsExhibit 30: Chart on Deployment – Market share 2022-2027 (%)Exhibit 31: Data Table on Deployment – Market share 2022-2027 (%)6.2 Comparison by Deployment Exhibit 32: Chart on Comparison by DeploymentExhibit 33: Data Table on Comparison by Deployment6.3 On-premise – Market size and forecast 2022-2027 Exhibit 34: Chart on On-premise – Market size and forecast 2022-2027 (USD billion)Exhibit 35: Data Table on On-premise – Market size and forecast 2022-2027 (USD billion)Exhibit 36: Chart on On-premise – Year-over-year growth 2022-2027 (%)Exhibit 37: Data Table on On-premise – Year-over-year growth 2022-2027 (%)6.4 Cloud-based – Market size and forecast 2022-2027 Exhibit 38: Chart on Cloud-based – Market size and forecast 2022-2027 (USD billion)Exhibit 39: Data Table on Cloud-based – Market size and forecast 2022-2027 (USD billion)Exhibit 40: Chart on Cloud-based – Year-over-year growth 2022-2027 (%)Exhibit 41: Data Table on Cloud-based – Year-over-year growth 2022-2027 (%)6.5 Market opportunity by Deployment Exhibit 42: Market opportunity by Deployment (USD billion)

7 Market Segmentation by Component

7.1 Market segmentsExhibit 43: Chart on Component – Market share 2022-2027 (%)Exhibit 44: Data Table on Component – Market share 2022-2027 (%)7.2 Comparison by Component Exhibit 45: Chart on Comparison by ComponentExhibit 46: Data Table on Comparison by Component7.3 Services – Market size and forecast 2022-2027 Exhibit 47: Chart on Services – Market size and forecast 2022-2027 (USD billion)Exhibit 48: Data Table on Services – Market size and forecast 2022-2027 (USD billion)Exhibit 49: Chart on Services – Year-over-year growth 2022-2027 (%)Exhibit 50: Data Table on Services – Year-over-year growth 2022-2027 (%)7.4 Software – Market size and forecast 2022-2027 Exhibit 51: Chart on Software – Market size and forecast 2022-2027 (USD billion)Exhibit 52: Data Table on Software – Market size and forecast 2022-2027 (USD billion)Exhibit 53: Chart on Software – Year-over-year growth 2022-2027 (%)Exhibit 54: Data Table on Software – Year-over-year growth 2022-2027 (%)7.5 Hardware – Market size and forecast 2022-2027 Exhibit 55: Chart on Hardware – Market size and forecast 2022-2027 (USD billion)Exhibit 56: Data Table on Hardware – Market size and forecast 2022-2027 (USD billion)Exhibit 57: Chart on Hardware – Year-over-year growth 2022-2027 (%)Exhibit 58: Data Table on Hardware – Year-over-year growth 2022-2027 (%)7.6 Market opportunity by Component Exhibit 59: Market opportunity by Component (USD billion)

8 Customer Landscape

8.1 Customer landscape overview Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation Exhibit 61: Chart on Market share by geography 2022-2027 (%)Exhibit 62: Data Table on Market share by geography 2022-2027 (%)9.2 Geographic comparison Exhibit 63: Chart on Geographic comparisonExhibit 64: Data Table on Geographic comparison9.3 North America – Market size and forecast 2022-2027 Exhibit 65: Chart on North America – Market size and forecast 2022-2027 (USD billion)Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 (USD billion)Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)9.4 Europe – Market size and forecast 2022-2027 Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 (USD billion)Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 (USD billion)Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)9.5 Asia – Market size and forecast 2022-2027 Exhibit 73: Chart on Asia – Market size and forecast 2022-2027 (USD billion)Exhibit 74: Data Table on Asia – Market size and forecast 2022-2027 (USD billion)Exhibit 75: Chart on Asia – Year-over-year growth 2022-2027 (%)Exhibit 76: Data Table on Asia – Year-over-year growth 2022-2027 (%)9.6 Rest of World (ROW) – Market size and forecast 2022-2027 Exhibit 77: Chart on Rest of World (ROW) – Market size and forecast 2022-2027 (USD billion)Exhibit 78: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 (USD billion)Exhibit 79: Chart on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)Exhibit 80: Data Table on Rest of World (ROW) – Year-over-year growth 2022-2027 (%)9.7 US – Market size and forecast 2022-2027 Exhibit 81: Chart on US – Market size and forecast 2022-2027 (USD billion)Exhibit 82: Data Table on US – Market size and forecast 2022-2027 (USD billion)Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)9.8 Canada – Market size and forecast 2022-2027 Exhibit 85: Chart on Canada – Market size and forecast 2022-2027 (USD billion)Exhibit 86: Data Table on Canada – Market size and forecast 2022-2027 (USD billion)Exhibit 87: Chart on Canada – Year-over-year growth 2022-2027 (%)Exhibit 88: Data Table on Canada – Year-over-year growth 2022-2027 (%)9.9 UK – Market size and forecast 2022-2027 Exhibit 89: Chart on UK – Market size and forecast 2022-2027 (USD billion)Exhibit 90: Data Table on UK – Market size and forecast 2022-2027 (USD billion)Exhibit 91: Chart on UK – Year-over-year growth 2022-2027 (%)Exhibit 92: Data Table on UK – Year-over-year growth 2022-2027 (%)9.10 Germany – Market size and forecast 2022-2027 Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 (USD billion)Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 (USD billion)Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)9.11 China – Market size and forecast 2022-2027 Exhibit 97: Chart on China – Market size and forecast 2022-2027 (USD billion)Exhibit 98: Data Table on China – Market size and forecast 2022-2027 (USD billion)Exhibit 99: Chart on China – Year-over-year growth 2022-2027 (%)Exhibit 100: Data Table on China – Year-over-year growth 2022-2027 (%)9.12 Market opportunity by geography Exhibit 101: Market opportunity by geography (USD billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers10.2 Market challenges10.3 Impact of drivers and challenges Exhibit 102: Impact of drivers and challenges in 2022 and 202710.4 Market trends

11 Vendor Landscape

11.1 Overview11.2 Vendor landscapeExhibit 103: Overview on Criticality of inputs and Factors of differentiation11.3 Landscape disruptionExhibit 104: Overview on factors of disruption11.4 Industry risksExhibit 105: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors coveredExhibit 106: Vendors covered12.2 Market positioning of vendors Exhibit 107: Matrix on vendor position and classification12.3 Allscripts Healthcare Solutions Inc. Exhibit 108: Allscripts Healthcare Solutions Inc. – OverviewExhibit 109: Allscripts Healthcare Solutions Inc. – Business segmentsExhibit 110: Allscripts Healthcare Solutions Inc. – Key newsExhibit 111: Allscripts Healthcare Solutions Inc. – Key offeringsExhibit 112: Allscripts Healthcare Solutions Inc. – Segment focus12.4 Athenahealth Inc.Exhibit 113: Athenahealth Inc. – OverviewExhibit 114: Athenahealth Inc. – Product / ServiceExhibit 115: Athenahealth Inc. – Key offerings12.5 CareCloud Inc.Exhibit 116: CareCloud Inc. – OverviewExhibit 117: CareCloud Inc. – Business segmentsExhibit 118: CareCloud Inc. – Key newsExhibit 119: CareCloud Inc. – Key offeringsExhibit 120: CareCloud Inc. – Segment focus12.6 Computer Programs and Systems Inc. Exhibit 121: Computer Programs and Systems Inc. – OverviewExhibit 122: Computer Programs and Systems Inc. – Business segmentsExhibit 123: Computer Programs and Systems Inc. – Key offeringsExhibit 124: Computer Programs and Systems Inc. – Segment focus12.7 CureMD.com Inc.Exhibit 125: CureMD.com Inc. – OverviewExhibit 126: CureMD.com Inc. – Product / ServiceExhibit 127: CureMD.com Inc. – Key offerings12.8 Dedalus GroupExhibit 128: Dedalus Group – OverviewExhibit 129: Dedalus Group – Product / ServiceExhibit 130: Dedalus Group – Key offerings12.9 Dell Technologies Inc. Exhibit 131: Dell Technologies Inc. – OverviewExhibit 132: Dell Technologies Inc. – Business segmentsExhibit 133: Dell Technologies Inc. – Key newsExhibit 134: Dell Technologies Inc. – Key offeringsExhibit 135: Dell Technologies Inc. – Segment focus12.10 eClinicalWorks LLCExhibit 136: eClinicalWorks LLC – OverviewExhibit 137: eClinicalWorks LLC – Product / ServiceExhibit 138: eClinicalWorks LLC – Key newsExhibit 139: eClinicalWorks LLC – Key offerings12.11 Epic Systems Corp.Exhibit 140: Epic Systems Corp. – OverviewExhibit 141: Epic Systems Corp. – Product / ServiceExhibit 142: Epic Systems Corp. – Key offerings12.12 EverCommerce Inc.Exhibit 143: EverCommerce Inc. – OverviewExhibit 144: EverCommerce Inc. – Product / ServiceExhibit 145: EverCommerce Inc. – Key offerings12.13 General Electric Co.Exhibit 146: General Electric Co. – OverviewExhibit 147: General Electric Co. – Business segmentsExhibit 148: General Electric Co. – Key newsExhibit 149: General Electric Co. – Key offeringsExhibit 150: General Electric Co. – Segment focus12.14 Global Payments Inc.Exhibit 151: Global Payments Inc. – OverviewExhibit 152: Global Payments Inc. – Business segmentsExhibit 153: Global Payments Inc. – Key offeringsExhibit 154: Global Payments Inc. – Segment focus12.15 Greenway Health LLCExhibit 155: Greenway Health LLC – OverviewExhibit 156: Greenway Health LLC – Product / ServiceExhibit 157: Greenway Health LLC – Key offerings12.16 KareXpert Technologies Pvt. Ltd. Exhibit 158: KareXpert Technologies Pvt. Ltd. – OverviewExhibit 159: KareXpert Technologies Pvt. Ltd. – Product / ServiceExhibit 160: KareXpert Technologies Pvt. Ltd. – Key offerings12.17 Oracle Corp.Exhibit 161: Oracle Corp. – OverviewExhibit 162: Oracle Corp. – Business segmentsExhibit 163: Oracle Corp. – Key newsExhibit 164: Oracle Corp. – Key offeringsExhibit 165: Oracle Corp. – Segment focus

13 Appendix

13.1 Scope of the report13.2 Inclusions and exclusions checklist Exhibit 166: Inclusions checklistExhibit 167: Exclusions checklist13.3 Currency conversion rates for USUSD Exhibit 168: Currency conversion rates for USUSD13.4 Research methodologyExhibit 169: Research methodologyExhibit 170: Validation techniques employed for market sizingExhibit 171: Information sources13.5 List of abbreviations Exhibit 172: List of abbreviations

About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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