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Electronic Health Record (EHR) Market Trends

Report ID: GMI3130
Published Date: Jul 2024
Report Format: PDF

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Electronic Health Record Market Trends

Technological advancements in EHR systems have significantly fuelled the market growth by enhancing data accessibility, interoperability, and user-friendliness. Innovations such as AI-driven analytics, cloud-based solutions, and mobile accessibility streamlined workflows, improved patient care, and facilitated better clinical decision-making. These technologies enable seamless integration with other healthcare systems, ensuring comprehensive and real-time access to patient data thereby bolstering the market growth.

For instance, in March 2024, Health Information Management Systems (HiMS) launched AxiomEHR, a groundbreaking AI-powered EHR solution. This innovative system boasts a unique architecture designed to support data-driven decision-making, flexible care coordination, and enhanced resilience for quality-based care. Specifically tailored for behavioral and integrated healthcare providers, AxiomEHR features AI-driven automation to streamline workflows and significantly reduce the screen time required by traditional systems. Thus, the introduction of AxiomEHR represented a significant advancement in EHR technology, promising to improve efficiency and the quality of care in the healthcare sector.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The global electronic health records market was valued at USD 34 billion in 2023 and will grow at 7.4% CAGR during 2024-2032, driven by increasing demand for efficient and high-quality healthcare services.

The web/cloud based electronic health records segment held a revenue of USD 19.5 billion in 2023 and will expand rapidly through 2032, driven by lower installation costs, simplified maintenance, and enhanced accessibility.

U.S. electronic health records market size was USD 13.7 billion in 2023 and is expected to grow rapidly through 2032, due to widespread adoption driven by government initiatives including the HITECH Act, which incentivizes EHR implementation.

AdvancedMD, Inc, Athenahealth, Inc, CareCloud, Inc, CureMD Healthcare, eClinicalWorks, Epic Systems Corporation, Greenway Health, LLC, McKesson Medical-Surgical Inc, Medical Information Technology, Inc, Modernizing Medicine, NextGen Healthcare, Inc, and Oracle Corporation (Cerner) Limited among others.