The USA electronic health records market is expected to enjoy a valuation of US$ 9.1 Billion in the year 2023, and further expand at a CAGR of 5.3% to reach a valuation of ~US$ 15.3 Billion by the year 2033. According to a recent study by Future Market Insights, EHR Software in the solution segment is leading the market with a share of about 63.3% in the year 2022, within the USA market.
Market Outlook:
| Data Points | Market Insights |
|---|---|
| Market Value 2023 | US$ 9.1 Billion |
| Market Value 2033 | US$ 15.3 Billion |
| CAGR 2023 to 2033 | 5.3% |
| Key Market Players | Epic Systems Corporation, Cerner Corporation, Medhost Inc., Computer Programs and Systems, Inc., Allscripts, Medhost, Netsmart Technologies Inc., Athena health, Harris Healthcare, eClinicalWorks |
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The market value for USA electronic health records market was around 6.7% of the overall ~US$ 129.0 Billion USA digital health market in 2022.
Many national cohort study projects mainly depend upon the utilization of the Internet and mobile phone networks and also involve the transfer, storage, and analysis of sensitive personal data, some of which were initially created as Protected Health Information (PHI) within HIPAA-covered companies. It will aim at the security bugs of many computer devices, such as desktops, cellphones, and data servers.
However, the EHR workgroup believes that it doesn’t require additional or specific cybersecurity measures for the project.
The effectiveness of hospital EMR software as a tool for improved productivity and patient engagement is growing. The use of EMR in hospitals allows for the creation of insights into better care management and the improvement of patient experiences. Through the use of population health management and healthcare analytics, EMR systems for hospitals can further improve the patient experience.
Hospital management can be elevated through the use of EMR by establishing long-lasting customer relationships and offering a variety of solutions to satisfy client demands. EMR systems for hospitals are used by patient management solutions and patient engagement systems to conduct data storage and analysis for improved patient satisfaction. A deeper relationship between patients and providers results naturally from higher customer satisfaction.
Strong hospital EMR platforms raise user satisfaction, boost physician effectiveness, and provide all-encompassing hospital management system solutions.
Hospitals must consider how to provide their patients with the best medical technological breakthroughs and internal operative efficiency if they want to remain at the forefront of business. Using hospital EMR systems, this strategy of prioritizing the patient leads to patient-enabled profitability.
Thus, owing to the forenamed factors, the USA electronic health records market is expected to grow at a CAGR of 5.3% during the forecast period from 2023 to 2033.
Blockchain technology has enormous potential for enhancing the effectiveness, security, and privacy of systems used to share Electronic Health Records (EHRs). Existing solutions, however, rely on a central database that is vulnerable to conventional security issues including DoS attacks and a single point of failure identical to conventional database systems.
A blockchain-based healthcare data-sharing system that integrates threshold signatures, distributed file systems and blockchain technology has been created to address the aforementioned problems. Blockchain technology enables new methods of sharing and storing patient electronic health records.
To create and expand their products to have a significant impact, digital health innovators can benefit from understanding different areas of potential such as
Treatment options may be constrained even when patients overcome financial and geographical obstacles to care because of variations in physician knowledge and patients' reactions to therapies. For instance, inaccurate data and a discrepancy between provider knowledge and the clinical presentation of the disease might make it difficult to diagnose and treat rare diseases.
Start-ups and established leaders in the field of digital health innovation can begin to envision how their products will address health inequity and this can create lucrative opportunities for the market to grow in the next decade.
Electronic health records are one of the essential elements of the Health Information System (HIS) in the United States (EHR).
Building a secure electronic health record (EHR) in a cloud computing environment has received a lot of interest from the academic community as well as the healthcare sector due to the emergence of cloud computing and its accompanying problems. an electronic health records system that is cloud-based and can store, retrieve, and update patient medical records.
The adoption of cloud in the healthcare leads to great changes that impact highly the way healthcare professionals work, making their job easier, faster, and more efficient.
Principal Consultant
Confidentiality and data security will be among the main topics of discussion around the development of digital health on a worldwide scale. Not just in terms of the data owner, but also about the abundance of information that patients have access to as well as the fragmentation of the many healthcare systems as a result of data interoperability.
The digital change affects both culture and technology. It will therefore be crucial to address the concerns that the impending changes may cause. As the healthcare industry changes, it will also be crucial to increase professional and decision-maker awareness of new competencies and skills.
It will be critical to keep an eye on how issues like data ownership and the purchasing of digital services are controlled.
The mismatch in digital capabilities among stakeholders may hinder collaborations in the future by impeding communication. Additionally, it will be necessary to establish an interdisciplinary consortium with participation from all relevant parties to facilitate the creation of political policies and legal frameworks that advance the digital economy at the local, national, and regional levels, the change of the health sector. Therefore, the above-mentioned factors can hinder the growth of the EHR market in the approaching years.
EHRs are seriously endangered by malware, notably ransomware. EHR data can be encrypted by ransomware to limit access, which disrupts medical services and jeopardizes patient safety, increasing the likelihood that the ransom will be paid. Phishing attempts to obtain the login information needed to access EHRs are also frequent. Therefore, the above-mentioned factors can hinder the growth of the EHR market in the approaching years.
As telemedicine has grown in popularity, doctor visits increasingly occur via a variety of channels, making it more difficult for medical staff to update patients' medical information. It will therefore be crucial for the healthcare sector to develop a method for documenting and updating health information for both in-person and virtual consultations.
To create a product or service that is simple to use, the end user must be taken into consideration when it comes to any form of technology. Since many solutions will be utilized by both patients and medical personnel, this is essential for the healthcare sector.
The Midwest USA accounted for around 24.2% market share in the USA electronic health records market in 2022, and a similar trend is expected over the forecast period. When it comes to employment and money, the healthcare industry ranks among the largest in the nation. The government has taken primary measures in this area, and its plan to release further funds to promote healthcare IT usage in the future is positively affecting the Midwest USA EHR industry.
In 2022, Southeast USA held a market share of about 24.0% 2022 in the USA electronic health records market.
The southwest USA market benefits from mergers and acquisitions by market players that are intended to bring to market effective infrastructure designed to improve the implementation timelines for electronic health records, and create community-wide connectivity with value-based care analytics. These actions will aid in the market's growth in the years to come.
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The EMR software segment in the solution category of the USA electronic health records market accounts for a revenue share of about 63.3% in the USA market in 2022.
Sales of the EHR software are driven by its simple installation and worldwide accessibility to medical data. The sizeable market share is due to their acceptance among physicians and other healthcare professionals who perform work on a smaller scale.
Hospitals in the end-user segment have become more and more popular, accounting for a signification share of 32.8% in 2022 due to increasing incidences of pandemic and epidemic illnesses. The business is further aided by the fact that establishing electronic health records in hospitals is less expensive than deploying them in ambulatory care facilities. They also help big hospitals save time, which fuels the sector even more. Also, due to factors including ease of deployment, the sector is predicted to be driven by the growing adoption of electronic health records in small and midsized institutions.
To raise their market share internationally and improve their business strategy, the top players make significant investments in numerous product launches, product expansions, collaborations, mergers, and acquisitions. These have been adopted as their top-tier principal promotional strategies by the leading players in the USA market for electronic health records.
Similarly, recent developments have been tracked by the team at Future Market Insights related to companies in the USA electronic health records market space, which are available in the full report.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | US$ Million for Value |
| Key Region Covered | United States |
| Key Zones Covered | Northeast USA, Midwest USA, Southeast USA, Southwest USA, and West USA |
| Key Market Segments Covered | The solution, End User, and Country |
| Key Companies Profiled | Epic Systems Corporation; Cerner Corporation; Medhost Inc.; Computer Programs and Systems, Inc.; Allscripts; Medhost; Netsmart Technologies Inc.; Athena health; Harris Healthcare; eClinicalWorks |
| Report Coverage | Market Forecast, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Pricing | Available upon Request |
The global market is expected to be estimated US$ 15.3 billion by 2033.
The market is expected to continue to evolve at a 5.3% CAGR through 2033.
From 2018 to 2022, the global market expanded at a 6.7% HCAGR.
Southeast USA had a 24.0% market share in the USA electronic health records industry in 2023.
1. Market- Executive Summary | Electronic Health Records (EHR) Market
1.1. Market Outlook
1.2. Demand Side Trends
1.3. Supply-Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusion and Exclusion
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Key Innovation / Development Trends
4. Value Added Insights
4.1. Cyber Attacks in Healthcare
4.2. Top Threats Against Electronic Health Records
4.3. Key Promotional Strategies, by Manufacturers
4.4. Regulatory Scenario
4.5. New Product Launches
4.6. PESTLE Analysis
4.7. Key Inclusions
4.7.1. Penetration of Third-party Wound Care Software by Vendors in
4.7.2. Number of Wound Care Clinics in & Percentage Adoption of Third-Party Wound Care Software
4.7.3. Annual number of Inpatient discharges, Inpatient visits by department, Annual Number of Outpatient Wound Care visits
4.7.4. Key Competition in Specialty (Wound Care) EMR, What is the Current Market Potential? Market potential of stand-alone customers vs customers using a Partner/Customer’s EMR
4.7.5. Comparative Assessment of EMR Solution, By Harvey ball charts, Key Parameters
4.7.5.1. Comparative Assessment of EMR Solution, By Harvey ball charts, Key Parameters
4.7.5.2. Measure of Photos, Videos & 3D Models
4.7.5.3. Measure of Photos, Videos & 3D Models
4.7.5.4. Ability to analyze tissues and tissue colors from Photos, Videos & 3D Models
4.7.5.5. Ability to determine boundary of Wounds through Photos, Videos & 3D Models
4.7.5.6. Consumer Photography Statistics, By Mobile Device, 2018 till 2027
4.7.5.7. Medical Related Photography by End User , by Photos, Videos & 3D Models
5. Market Background
5.1. Macro-Economic Factors
5.1.1. Healthcare IT Spending Outlook, By & Global
5.1.2. per-Capita Healthcare Expenditure
5.2. Forecast Factors - Relevance & Impact
5.2.1. Government Initiatives to Encourage Healthcare IT usage
5.2.2. Introduction to Technologically Advanced Healthcare Services
5.2.3. Increasing Number of Mergers and Acquisitions by Market Players
5.2.4. Increased Demand for Centralizing and Streamlining Healthcare Workflow
5.2.5. Increasing Spending on Research and Development
5.2.6. Top Players Historical Growth
5.3. Market Dynamics
5.3.1. Drivers
5.3.2. Restraints
5.3.3. Opportunity Analysis
6. COVID-19 Crisis Analysis
6.1. COVID-19 and Impact Analysis
6.1.1. Revenue By Solution
6.1.2. Revenue By End User
6.1.3. Revenue By Zone
6.2. 2022 Market Scenario
7. Market Demand (in Value US$ Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033
7.1. Historical Market Value (US$ Million) Analysis, 2017 to 2022
7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, by Solution
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Million) Analysis by Solution, 2017 to 2022
8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Solution, 2023 to 2033
8.3.1. EHR Software
8.3.1.1. Cloud-based EHR
8.3.1.2. On-premise EHR
8.3.2. Services
8.3.2.1. Consulting
8.3.2.2. Implementation & Integration
8.3.2.3. Support & Maintenance
8.4. Market Attractiveness Analysis by Solution
9. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, by End User
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) Analysis by End User, 2017 to 2022
9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By End User, 2023 to 2033
9.3.1. Hospitals
9.3.2. Specialty Clinics
9.3.3. Ambulatory Surgical Centers
9.3.4. Diagnostic Labs
9.3.5. Diagnostic Imaging Centers
9.3.6. Payers
9.3.7. Others
9.4. Market Attractiveness Analysis by End User
10. Market Analysis 2017 to 2022 and Forecast 2023 to 2033, by Zone
10.1. Introduction
10.2. Historical Market Size (US$ Million) Analysis by Zone, 2017 to 2022
10.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Zone, 2023 to 2033
10.3.1. Northeast
10.3.2. Midwest
10.3.3. Southeast
10.3.4. Southwest
10.3.5. West
10.4. Market Attractiveness Analysis by Zone
11. Northeast Market Analysis 2017 to 2022 and Forecast 2023 to 2033
11.1. Introduction
11.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2017 to 2022
11.3. Current and Future Market Size (US$ Million) Analysis and Forecast by Market Taxonomy, 2022 - 2032
11.3.1. By Solution
11.3.2. By End User
11.4. Market Attractiveness Analysis
11.4.1. By Solution
11.4.2. By End User
11.5. Drivers and Restraints - Impact Analysis
12. Midwest Market Analysis 2017 to 2022 and Forecast 2023 to 2033
12.1. Introduction
12.2. Historical Market Size (US$ Million) Trend Analysis by Market Taxonomy, 2017 to 2022
12.3. Current and Future Market Size (US$ Million) Analysis and Forecast recast by Market Taxonomy, 2022 - 2032
12.3.1. By Solution
12.3.2. By End User
12.4. Market Attractiveness Analysis
12.4.1. By Solution
12.4.2. By End User
12.5. Drivers and Restraints - Impact Analysis
13. Southeast Market Analysis 2017 to 2022 and Forecast 2023 to 2033
13.1. Introduction
13.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
13.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Market Taxonomy, 2022 - 2032
13.3.1. By Solution
13.3.2. By End User
13.4. Market Attractiveness Analysis
13.4.1. By Solution
13.4.2. By End User
13.5. Drivers and Restraints - Impact Analysis
14. Southwest Market Analysis 2017 to 2022 and Forecast 2023 to 2033
14.1. Introduction
14.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
14.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Market Taxonomy, 2022 - 2032
14.3.1. By Solution
14.3.2. By End User
14.4. Market Attractiveness Analysis
14.4.1. By Solution
14.4.2. By End User
14.5. Drivers and Restraints - Impact Analysis
15. West Market Analysis 2017 to 2022 and Forecast 2023 to 2033
15.1. Introduction
15.2. Historical Market Size (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2022
15.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Market Taxonomy, 2022 - 2032
15.3.1. By Solution
15.3.2. By End User
15.4. Market Attractiveness Analysis
15.4.1. By Solution
15.4.2. By End User
15.5. Drivers and Restraints - Impact Analysis
16. Market Structure Analysis
16.1. Market Analysis by Tier of Companies
16.2. Market Share Analysis of Top Players
17. Competition Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Competition Deep Dive
17.3.1. Epic Systems Corporation
17.3.1.1. Overview
17.3.1.2. Solution Portfolio
17.3.1.3. Key Financial
17.3.1.4. Sales Footprint
17.3.1.5. SWOT Analysis
17.3.1.6. Strategy Overview
17.3.1.6.1. Marketing Strategies
17.3.1.6.2. Product Strategies
17.3.1.6.3. Channel Strategies
17.3.2. Cerner Corporation
17.3.2.1. Overview
17.3.2.2. Solution Portfolio
17.3.2.3. Key Financial
17.3.2.4. Sales Footprint
17.3.2.5. SWOT Analysis
17.3.2.6. Strategy Overview
17.3.2.6.1. Marketing Strategies
17.3.2.6.2. Product Strategies
17.3.2.6.3. Channel Strategies
17.3.3. Medhost Inc.
17.3.3.1. Overview
17.3.3.2. Solution Portfolio
17.3.3.3. Key Financial
17.3.3.4. Sales Footprint
17.3.3.5. SWOT Analysis
17.3.3.6. Strategy Overview
17.3.3.6.1. Marketing Strategies
17.3.3.6.2. Product Strategies
17.3.3.6.3. Channel Strategies
17.3.4. Computer Programs and Systems, Inc.
17.3.4.1. Overview
17.3.4.2. Solution Portfolio
17.3.4.3. Key Financial
17.3.4.4. Sales Footprint
17.3.4.5. SWOT Analysis
17.3.4.6. Strategy Overview
17.3.4.6.1. Marketing Strategies
17.3.4.6.2. Product Strategies
17.3.4.6.3. Channel Strategies
17.3.5. Allscripts
17.3.5.1. Overview
17.3.5.2. Solution Portfolio
17.3.5.3. Key Financial
17.3.5.4. Sales Footprint
17.3.5.5. SWOT Analysis
17.3.5.6. Strategy Overview
17.3.5.6.1. Marketing Strategies
17.3.5.6.2. Product Strategies
17.3.5.6.3. Channel Strategies
17.3.6. Medhost
17.3.6.1. Overview
17.3.6.2. Solution Portfolio
17.3.6.3. Key Financial
17.3.6.4. Sales Footprint
17.3.6.5. SWOT Analysis
17.3.6.6. Strategy Overview
17.3.6.6.1. Marketing Strategies
17.3.6.6.2. Product Strategies
17.3.6.6.3. Channel Strategies
17.3.7. Netsmart Technologies Inc.
17.3.7.1. Overview
17.3.7.2. Solution Portfolio
17.3.7.3. Key Financial
17.3.7.4. Sales Footprint
17.3.7.5. SWOT Analysis
17.3.7.6. Strategy Overview
17.3.7.6.1. Marketing Strategies
17.3.7.6.2. Product Strategies
17.3.7.6.3. Channel Strategies
17.3.8. Athena health
17.3.8.1. Overview
17.3.8.2. Solution Portfolio
17.3.8.3. Key Financial
17.3.8.4. Sales Footprint
17.3.8.5. SWOT Analysis
17.3.8.6. Strategy Overview
17.3.8.6.1. Marketing Strategies
17.3.8.6.2. Product Strategies
17.3.8.6.3. Channel Strategies
17.3.9. Harris Healthcare
17.3.9.1. Overview
17.3.9.2. Solution Portfolio
17.3.9.3. Key Financial
17.3.9.4. Sales Footprint
17.3.9.5. SWOT Analysis
17.3.9.6. Strategy Overview
17.3.9.6.1. Marketing Strategies
17.3.9.6.2. Product Strategies
17.3.9.6.3. Channel Strategies
17.3.10. EClinicalWorks
17.3.10.1. Overview
17.3.10.2. Solution Portfolio
17.3.10.3. Key Financial
17.3.10.4. Sales Footprint
17.3.10.5. SWOT Analysis
17.3.10.6. Strategy Overview
17.3.10.6.1. Marketing Strategies
17.3.10.6.2. Product Strategies
17.3.10.6.3. Channel Strategies
18. Assumptions and Acronyms Used
19. Research Methodology
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USA Electronic Health Records (EHR) Market
