Electronic Health Records Market Size to Hit $63.8 Billion by 2030 | Current Trends and Industry Analysis

The electronic health records (EHR) market refers to the digital storage and management of patients’ health information, including medical history, diagnoses, treatments, medications, and other relevant data. EHR systems are designed to improve the efficiency and accuracy of healthcare delivery, enhance patient care, and facilitate communication among healthcare providers.

Electronic health records market size was valued at $30,550.3 million in 2020, and is projected to reach $63,848.6 million by 2030, registering a CAGR of 7.7% from 2021 to 2030.

Some of the key players involved in the Market are:

• Allscripts healthcare solutions Inc.
• Cerner Corporation
• Computer programs and systems Inc.
• CureMD Corporation
• eClinicalWorks
• Epic systems corporation,
• General Electric Company
• Greenway Health, LLC.
• Meditech
• Praxis EMR

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The electronic health records (EHR) market can be segmented based on several factors. Here are some common segmentation criteria:

1. Deployment Model: a. On-premise EHR: The EHR software is installed and operated on local servers within the healthcare facility. b. Cloud-based EHR: The EHR software is hosted and accessed over the internet through a cloud platform. This model offers flexibility, scalability, and cost savings.
2. Type of EHR: a. Web-based EHR: The EHR software is accessed through a web browser and requires an internet connection. b. Client-server EHR: The EHR software is installed on individual computers within the healthcare facility and operates on a local network.
3. End User: a. Hospitals: EHR systems designed specifically for large hospitals and healthcare systems. b. Ambulatory Care Centers: EHR systems tailored for outpatient clinics, physician practices, and other ambulatory care settings. c. Long-Term Care Facilities: EHR systems designed to meet the unique needs of nursing homes, assisted living facilities, and other long-term care settings.
4. Functionality: a. Basic EHR: Includes essential features such as patient demographics, medical history, and basic clinical documentation. b. Comprehensive EHR: Offers advanced functionalities like decision support tools, order management, and integration with other healthcare systems.
5. Geography: The EHR market can also be segmented based on geographic regions, such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, as the market dynamics and adoption rates may vary across different regions.

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