According to DataHorizzon Research, The electronic health records market was valued at USD 31.7 Billion in 2022 and is expected to reach USD 53.5 Billion by 2032 with a CAGR of 5.5%.
Fort Collins, Colorado, Oct. 01, 2023 (GLOBE NEWSWIRE) — DataHorizzon Research Published a report titled, “Electronic Health Records Market Size, Growth, Share, Statistics Report, By Product (Client Server Based & Web Based), By Type (Acute, Post Ambulatory y, Post-acute), By End-use (Hospital & Ambulatory), By Business Models (Licensed Software, Technology Resale, Subscription, Professional Services, Others), By Region, And Segment Forecasts, 2023-2032.”
According to DataHorizzon Research, The electronic health records market was valued at USD 31.7 Billion in 2022 and is expected to reach USD 53.5 Billion by 2032 with a CAGR of 5.5%. The report comprehensively analyzes the market conditions at global and regional levels in the healthcare and clinical sectors. It also highlights the collaborative strategies between key players and their overall impact on the global market.
Implementing electronic health records (EHR) helps in exchanging health information electronically and provides accurate, up-to-date information that helps deliver better and more managed care for patients along with a safer and more reliable prescription. Also, it reduces the paperwork and encourages the use of digital data, which drives the market for EHR. Moreover, it can cut administrative costs, including the need for transcriptions, physical charts, storage, and claims, thus reducing the turnaround time for hard copy communication between labs, pharmacies, and insurance providers.
EHR enhances the privacy and security of medical records over traditional paperwork. Also, it preserves the legit and complete documentation for streamlined coding and billing. With the implementation of EHR, the databases have helped improve patient and provider interaction along with healthcare convenience.
The introduction of big data in healthcare is helping the market to grow further. The continuous data collection of the patients allows the healthcare providers to address the prevailing and expected upcoming health issues, such as the chances of flu or pandemics. This helps the government to prepare for the upcoming conditions in a preventive way. Health records are also turning digital, increasing government and corporate investments. Besides, the emphasis on strong and dedicated IT infrastructure is helping to fasten the deployment of electronic health records.
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Report Snapshot:
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Report Title |
Electronic Health Records Market |
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Market Size in 2022 |
USD 31.7 Billion |
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Market Size by 2032 |
USD 53.5 Billion |
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CAGR from 2023 to 2032 |
5.5% |
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Largest Market |
North America |
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Forecast Period |
2023 to 2032 |
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Historic Period |
2021 |
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Base Year |
2022 |
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Report Scope & Coverage |
Market size, estimations, competitor analysis, trends, and growth factors |
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By Product |
Client server-based & web-based |
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By Type |
Acute & post ambulatory, post-acute |
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By End-use |
Hospital & ambulatory |
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By Business Models |
Licensed software, technology resale, subscription, professional services, others |
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Region |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. |
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Countries Covered |
U.S., Canada, U.K., Germany, France, China, Japan, India, Brazil, Mexico, UAE, Saudi Arabia, and South Africa, among others |
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Major Market |