Global EHR EMR Market Size

Global EHR EMR Market Growth Projections and Opportunities

EHR/EMR, an electronic rendition of a patient's medical history encompassing essential administrative and clinical data pertinent to their care within a specific healthcare provider, plays a crucial role in shaping the healthcare landscape. The market for Electronic Health Records and Electronic Medical Records (EHR-EMR) is witnessing significant growth, fueled by factors such as the increasing adoption of EHR-EMR systems and government initiatives aimed at maintaining electronic health records for patients. However, data security concerns pose a potential challenge to market expansion.
Projections indicate that the global and US EHR-EMR market is poised to reach USD 42,427.27 million by 2027, exhibiting substantial growth from USD 24,010.95 million in 2017, with a projected Compound Annual Growth Rate (CAGR) of 5.82% during the forecast period from 2018 to 2027. In 2017, the Americas led the market with a 48.9% share, followed by Europe and Asia-Pacific, holding shares of 28.8% and 18.27%, respectively.

Market segmentation is based on components, application, mode of delivery, end-user, and region.

In terms of components, the market is categorized into software, services and consulting, and hardware. Software dominates this segment, capturing the largest market share of 59.1% in 2017, amounting to USD 14,184.58 million, and is expected to maintain a robust CAGR of 6.14% during the forecast period.

Application-wise segmentation reveals that the specialty-based segment claimed the majority market share at 77.1% in 2017, totaling USD 18,523.27 million. This segment is anticipated to register a CAGR of 6.02% during the forecast period. Meanwhile, the general applications segment held a market share of 22.9% in 2017, with a market value of USD 5,487.68 million, and is projected to grow at a CAGR of 5.13%.

Considering the mode of delivery, the on-premise model led the market in 2017, securing a 55.0% market share valued at USD 13,195.23 million, with a projected CAGR of 4.87%. On the other hand, the cloud-based segment held a 45.0% market share in 2017, valued at USD 10,815.72 million, and is projected to experience a higher CAGR of 6.89%.

Examining end-users, hospitals and clinics dominated with a 51.1% market share in 2017, totaling USD 12,277.76 million, and are expected to grow at a CAGR of 5.63%. The ambulatory care segment accounted for a market share of 28.5% in 2017, with a market value of USD 6,840.23 million, and is projected to register a CAGR of 6.46% during the assessment period.

The EHR-EMR market is witnessing substantial growth driven by increased adoption, government initiatives, and advancements in healthcare technology. While data security concerns pose a challenge, the market is poised for continued expansion, supported by a range of applications, delivery models, and end-users.