Press Releases

Electronic Health Records (EHR) Market Size to Expand $41.87 Bn by 2033

Electronic Health Records (EHR) Market Report Highlights:

  • The global electronic health records (EHR) market experienced significant growth, reaching a size of USD 27.42 billion in 2023. It is projected to expand to USD 41.87 billion by 2033, with a compound annual growth rate (CAGR) of 4.32% from 2024 to 2033.
  • The fastest growth segment within healthcare systems is expected to be reporting, with a projected CAGR of 5.1% by 2033. In 2023, cloud-based systems dominated the market, accounting for 48% of total EHR usage, while clinical applications led with a 46% market share.

Download statistics of this report @ https://www.towardshealthcare.com/download-statistics/5103

According to Healthit.gov, in the transformative landscape of healthcare, a remarkable surge in Electronic Health Records (EHR) adoption has been witnessed, with an impressive 78% adoption rate among office-based physicians and an even 96% among non-federal acute care hospitals as of 2021.

Electronic Health Records (EHR) are comprehensive digital repositories of an individual’s health information. These records go beyond just a medical history; they encompass a patient’s entire healthcare journey. Within Electronic Health Records (EHR), you’ll find details about diagnoses, treatments, medications, immunizations, allergies, and even demographic information. One key advantage is accessibility. EHR allows authorized healthcare professionals to access your information securely, promoting seamless collaboration among healthcare providers. This accessibility enhances the continuity of care, ensuring your doctors have up-to-date and accurate information to make informed decisions.

Electronic Health Records (EHR)  also facilitate data sharing between various healthcare settings, like hospitals, clinics, and pharmacies. This interoperability reduces redundancies, minimizes errors, and streamlines processes. For instance, if you visit a specialist, they can quickly review your medical history and coordinate treatments more effectively. Additionally, Electronic Health Records (EHR) contribute to improved patient engagement. Some systems enable patients to access their health records, fostering a better understanding of their conditions and encouraging active participation in their healthcare journey. Data security is a paramount concern in Electronic Health Records (EHR). Robust encryption and authentication measures are in place to safeguard sensitive health information. This ensures that only authorized individuals have access to the data, maintaining patient privacy and complying with regulatory standards.

Furthermore, Electronic Health Records (EHR) revolutionize healthcare by digitizing and centralizing health information, fostering collaboration among healthcare providers, enhancing patient engagement, and prioritizing data security to provide efficient, personalized, and high-quality care. The global increase in the adoption of Electronic Health Records (EHR) is a response to these systems’ transformative impact on healthcare delivery, efficiency, patient outcomes, and compliance with evolving regulatory standards. As technology advances, the adoption of electronic health records is likely to expand further.

Recent Developments:

  • In July 2023, NextGen Healthcare and the American Podiatric Medical Association joined forces to enhance their “NextGen Office” platform, focusing on podiatry blueprints that tackle diabetes and injuries.
  • In June 2023, CPSI expanded its partnership with Mid Coast Health System, implementing EHR, accounts receivables, and IT-managed services at Crockett Medical Center in Texas. Other Mid Coast hospitals, like El Campo Memorial and Palacios Community Medical Center, have also adopted CPSI solutions.
  • In May 2023, MEDITECH partnered with Canada Health Infoway to link up with their e-prescribing service, “Prescribell.” This collaboration enables Canadian prescribers to electronically send prescriptions from MEDITECH’s Expanse EHR to the patient’s chosen pharmacy, simplifying new prescriptions, renewals, and cancellations.
  • In February 2023, King’s College Hospital in Dubai joined forces with Oracle Cerner to upgrade its electronic medical records system using Oracle Cloud services.

Electronic Health Records (EHR) Market Companies

  • Epic Systems Corporation
  • Allscripts Healthcare Solutions, Inc.
  • McKesson Corporation
  • GE Healthcare
  • NextGen Healthcare, Inc.
  • Athenahealth
  • OpenEMR
  • Siemens Healthineers AG
  • eClinicalWorks
  • Medical Information Technology, Inc.

Discover our detailed Table of Contents (TOC) for the Industry, providing a thorough examination of market segments, material, emerging technologies and key trends. Our TOC offers a structured analysis of market dynamics, emerging innovations, and regional dynamics to guide your strategic decisions in this rapidly evolving healthcare field – https://www.towardshealthcare.com/table-of-content/electronic-health-records-market-size

To own our research study instantly, Click here @ https://www.towardshealthcare.com/price/5103

You can place an order or ask any questions, please feel free to contact us at sales@towardshealthcare.com

About Us

Towards Healthcare is a leading global provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations. We are a global strategy consulting firm that assists business leaders in gaining a competitive edge and accelerating growth. We are a provider of technological solutions, clinical research services, and advanced analytics to the healthcare sector, committed to forming creative connections that result in actionable insights and creative innovations.

Explore the comprehensive statistics and insights on healthcare industry data and its associated segmentation: Get a Subscription

For Latest Update Follow Us: https://www.linkedin.com/company/towards-healthcare

Elena Morales

Elena Morales is a healthcare industry expert working at Healthcare Web Wire Consulting Firm, a subsidiary of Towards Healthcare. With her excellent knowledge of the field, Elena helps clients optimize their operations and navigate healthcare regulations. She's dedicated to staying updated on industry trends to make a positive impact on patient care. Elena is known for her professionalism and commitment to excellence, making her a valuable asset to any team.

Recent Posts

Flow Cytometry Services Market: Growth, Innovation & Opportunities (2024–2034)

📊 Market Snapshot The global flow cytometry services market is witnessing impressive growth. It was valued at USD 3.37 billion… Read More

2 days ago

Lysosomal Storage Disease (LSD) Market Overview: Growth, Drivers, Opportunities & Challenges

The global market for Lysosomal Storage Diseases (LSDs) is steadily expanding. In 2024, the market was valued at USD 8.61… Read More

2 days ago

Chromatography Instrumentation Market: Powering Food Safety, Pharma, and Environmental Testing

The chromatography instrumentation market is steadily gaining momentum. Valued at USD 7.93 billion in 2024, it is expected to grow… Read More

2 days ago

Nurse Call Systems Market Size, Growth, Innovation, and Opportunities

The global nurse call systems market is rapidly expanding, driven by a growing demand for enhanced healthcare communication. Valued at… Read More

2 days ago

Global AMR Surveillance Market Outlook 2024–2034

The global antimicrobial resistance (AMR) surveillance market is witnessing steady growth as the world battles the rising threat of drug-resistant… Read More

2 days ago

Hemophilia Inhibitors Market: Strategic Developments, Innovations, and Future Outlook

The global hemophilia inhibitors market is poised for significant growth, with projections indicating a substantial increase in revenue between 2023… Read More

3 days ago