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The global cloud-based medical records management market to grow at a CAGR of 14.91% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published a cooked research report on the “global cloud-based medical records management market”that contains the information from 2023 to 2030.


MRFR recognizes the following companies as the key players in the global cloud-based medical records management market—Oracle Corporation (US), Epic Systems Corporation (US), 3M Company (US), McKesson Corporation (US), Siemens Medical Solutions USA Inc. (US), Allscripts Healthcare, LLC (US), GE Healthcare (US), Canon, Inc. (Japan), Hyland Software (US), AthenaHealth (US), and others.


Market Highlights


The global cloud-based medical records management market is accounted to register a CAGR of 14.91% during the forecast period and is estimated to reach USD 5.83 billion by 2030.


Medical health records based on the cloud are being used in healthcare services to reduce the issues and limitations of paper-based approaches. There are major benefits cloud-based medical records management software offers, such as scalability and flexibility, cost savings, better collaboration, advanced security, and data loss prevention.


The rising adoption of electronic health records (EHR), improved infrastructure, and increasing adoption of healthcare information systems (IT) are propelling the market growth. However, data security and privacy concerns are expected to hamper the growth of the global market. Nevertheless, the rising adoption rate of the internet in developing regions is projected to create lucrative opportunities for market players.


Segment Analysis


The global cloud-based medical records management market has been segmented based on product & service, application, and end user.


On the basis of product & service, the market is segmented into solutions and services. The services segment was attributed to holding the largest market share in 2022. The solutions segment is further bifurcated into standalone and integrated. Moreover, the services segment is divided into medical planning & management services and product support services.


Based on application, the global cloud-based medical records management market has been segmented into medical records, billing records, admission & registration, and others. The medical records segment was expected to hold the largest market share in 2021.


On the basis of the end user, the market is segmented into hospitals & clinics, ambulatory surgical centres, nursing homes, and others. The hospitals & clinics segment is projected to have the largest market share during the forecast period.


Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Cloud-based Medical Records Management Market Research Report


Regional Analysis


The global cloud-based medical records management market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe cloud-based medical records management market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The cloud-based medical records management market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World cloud-based medical records management market comprises of Middle East, Africa, and Latin America.


The imperative factors, such as higher adoption rates of patient portals by payers and providers, increasing comorbidity, and high adoption of technology, are boosting the growth of the North America region. Moreover, end users in the US and Canada markets, including payers and providers, are highly adopting patient portals.


Moreover, the Europe market has been persistently growing owing to factors such as patients increasingly using patient portals to manage their clinical care, rising investment in healthcare information technology (IT) infrastructure, and increasing adoption of cloud-based software.


Additionally, market factors, such as the development of digital infrastructure for database management, the increasing adoption of nation-wide patient portals by government bodies, and hospitals' increasing adoption of healthcare technologies are driving the Asia-Pacific region’s growth.


Furthermore, the rest of the world's patient portal market is divided into the Middle East, Africa, and Latin America. The market factors such as growing technological advancements and increasing awareness associated to the benefits of cloud-based medical records management are positively contributing.


Key Findings of the Study



  • The global cloud-based medical records management market is expected to reach USD 5.83 billion by 2030, at a CAGR of 14.91% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market, owing to the increase in the adoption of cloud-based software in hospitals and clinics as well as rising comorbidity conditions such as diabetes and obesity.

  • Based on application, the medical records segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.

  • Oracle Corporation (US), Epic Systems Corporation (US), 3M Company (US), McKesson Corporation (US), Siemens Medical Solutions USA Inc. (US), Allscripts Healthcare, LLC (US), GE Healthcare (US), Canon, Inc. (Japan), Hyland Software (US), and AthenaHealth (US) are the key market players.

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Report details
Companies Covered 15
Pages 128
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
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