Hospital Electronic Health Records Market Size, Share, Trends, Growth 2034

Hospital Electronic Health Records Industry Prospective:

The global hospital electronic health records market size was worth around USD 20.16 billion in 2024 and is predicted to grow to around USD 39.65 billion by 2034, with a compound annual growth rate (CAGR) of roughly 7.00% between 2025 and 2034.

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Hospital Electronic Health Records Market: Overview

A hospital electronic health record (EHR) system is a digital collection of a patient’s medical history. It consists of electronic health-related data generated at every clinical event or encounter of a patient. A key advantage of an effective EHR system is the ease of access to medical information, including recent tests, diagnoses, medication, and previous medical history.

The demand for EHR systems in hospitals has grown in the last few years, mainly facilitated by increased inclination toward telemedicine and self-care using electronic tools such as wearables. An electronic health record system is different from electronic medical record (EMR) solutions. The latter is primarily used in an individual hospital setting, catering to its patients.

On the other hand, an electronic health record tool is more comprehensive as it can be accessed across several healthcare settings and thus deliver improved coordinated care for patients. In recent times, the EHR adoption rate in healthcare facilities has grown at a steady pace driven by the growing government mandates, increasing acceptance of telemedicine among patients & healthcare givers, and the launch of highly advanced EHRs. The industry growth rate will be affected by the risk of security concerns and data breaches associated with the use of electronic health records.

Key Insights:

• As per the analysis shared by our research analyst, the global hospital electronic health records market is estimated to grow annually at a CAGR of around 7.00% over the forecast period (2025-2034)
• In terms of revenue, the global hospital electronic health records market size was valued at around USD 20.16 billion in 2024 and is projected to reach USD 39.65 billion by 2034.
• The hospital electronic health records market is projected to grow at a significant rate due to the increasing number of patients with chronic diseases.
• Based on the type, the general EMR solutions segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the hospital size, the large hospital segment is anticipated to command the largest market share.
• Based on region, Europe is projected to dominate the global market during the forecast period.

Hospital Electronic Health Records Market: Growth Drivers

Increasing number of patients with chronic diseases to fuel the market expansion rate

The global hospital electronic health records market is expected to grow due to the rising number of chronic illnesses around the globe. Some of the most widely affecting, in some cases fatal, diseases include cancer, diabetes, and cardiovascular conditions.

Cancer, for instance, was reported to cause more than 9 million deaths in 2022, according to official reports. Diagnosis and treatment of chronic illnesses are highly comprehensive, as they can sometimes span the entire lifetime of a patient.

Additionally, patients also require medical assistance from various healthcare providers. Cancer, for example, generally requires a multidisciplinary team of medical caregivers due to the complexity of diagnosing and treating the disease.

In such cases, hospital EHRs can prove beneficial, and all medical professionals involved in treating a patient can gain easy access to the entire medical history, helping them deliver more accurate results.

Rising encouragement from the government in support of EHR integration in hospitals to prove beneficial

Governments across the globe are encouraging and in some cases mandating the use of electronic health records across hospitals. For instance, in September 2021, the Indian Ministry of Health and Family Welfare announced the launch of the Ayushman Bharat Digital Mission (ABDM) as the regional government sought ways to digitize the country’s healthcare infrastructure.

As of October 2024, the initiative has helped create more than 67 crore Ayushman Bharat Health Accounts (ABHA). Another bold step by government officials in favor of the global hospital electronic health records market is the January 2025 announcement by the European Council adopting new regulations that will facilitate easier exchange and access to health information across borders. The European Health Data Space (EHDS) will allow certain medical information to be used and researched for further innovation in healthcare.

Hospital Electronic Health Records Market: Restraints

Risks related to cybersecurity and data leaks limit the industry’s expansion rate

The global hospital electronic health records industry is projected to be restricted by the growing concerns over the rising number of cybercrimes across the globe. Confidential medical records stored in electronic files and shared through the cloud are highly vulnerable to digital crimes.

Such accidents can result in a serious breach of privacy laws across regional governments, also putting patients' lives at risk. Market players are expected to develop highly secure platforms that can counteract the impact of evolving cybercrimes.

Hospital Electronic Health Records Market: Opportunities

Research & innovation to promote market growth opportunities in the long term

The global hospital electronic health records market is projected to generate growth opportunities due to the rising research & innovation in the industry. Market players are experimenting with next-generation cloud technologies, integration of Artificial Intelligence (AI), and other engineering solutions to promote industry expansion globally.

In October 2024, Oracle, a leading technology company, announced the launch of an AI-powered EHR. According to official reports, the recent launch is the most updated offering by the company since the acquisition of Cerner, a medical records giant, for USD 28 billion in 2022.

The cloud and AI capabilities of Oracle’s EHR will promote easier setup and also allow faster navigation. In May 2024, Athenahealth launched an innovative electronic health records system designed primarily for specialists.

The tailored workflows of the platform aim to enhance healthcare facilities at specialty hospitals. The industry can further benefit from increasing private-government collaborations to promote cost-efficiency in terms of using EHR records at major hospitals. In addition, the rising digital transformation of government and private hospitals will emerge as a crucial influencer for the hospital EHR industry.

Hospital Electronic Health Records Market: Challenges

High cost of implementation and data storage limitations to challenge market expansion

The global hospital electronic health records industry is expected to be challenged by the high cost of implementing EHR across hospitals, especially those with limited budgets.

In addition, EHRs must be scalable to keep up with the growing volumes of patient information, which can be difficult to achieve. On the other hand, data inconsistencies can result from manual entry of information as well as differences in coding protocols, impacting the overall reliability of information obtained from EHR systems.

Hospital Electronic Health Records Market: Report Scope

Hospital Electronic Health Records Market: Segmentation

The global hospital electronic health records market is segmented based on type, component, hospital size, delivery mode, and region.

Based on the type, the global market segments are specialty EMR solutions and general EMR solutions. In 2024, the highest growth was listed in the general EMR solutions, driven by the easier availability of standard platforms promoting electronic health records. Specialty EMR solutions are gaining popularity among hospitals providing specialty services; however, the associated costs are higher than their general counterparts. According to market research, more than 70.01% of US hospitals are expected to invest in cloud solutions by the end of 2026.

Based on components, the global hospital electronic health records industry is divided into hardware, software, and services.

Based on the hospital size, the global market divisions are large hospitals and small & medium-sized hospitals. In 2024, the highest growth was listed in the large hospitals segment. These healthcare entities provide medical assistance to a considerably large and dynamic group of patients. Hence, they have a greater need for EHR solutions compared to smaller hospitals. According to industry research, European hospitals spent between 10% to 21% of their final budgets on several IT solutions.

Based on delivery mode, the global market divisions are cloud-based and on-premise.

Hospital Electronic Health Records Market: Regional Analysis

Europe is expected to generate the highest revenue during the forecast period

The global hospital electronic health records market will be led by Europe during the forecast period. Countries such as Germany, Spain, the UK, Switzerland, Denmark, and others are home to some of the most advanced health infrastructure, spending heavily on technological solutions to improve patient care and treatment outcomes.

Electronic health record tools are becoming increasingly common among regional hospitals since they provide easy access to crucial information regarding a patient's health history.

In July 2024, the World Health Organization (WHO)/Europe announced the launch of the Strategic Partners’ Initiative for Data and Digital Health (SPI-DDH) program. This collaboration network has brought together 52 member states of the WHO European Region and leading companies operating in the data and digital health segments. The SPI-DDH program is designed to tackle challenges associated with the digital transformation of the region’s health system.

The growing number of patients in European countries, along with rising medical tourism, has facilitated increased demand for hospital EHRs. Moreover, increasing investments in AI-based electronic health records and the growing popularity of self-care, along with telemedicine, will work in favor of the region’s overall revenue.

Hospital Electronic Health Records Market: Competitive Analysis

The global hospital electronic health records market is led by players like:

• Allscripts Healthcare Solutions
• Epic Systems Corporation
• Greenway Health
• McKesson Corporation
• CureMD
• Oracle Health (formerly Cerner Corporation)
• AdvancedMD
• eClinicalWorks
• GE Healthcare
• MEDITECH
• Kareo
• athenahealth
• CareCloud
• NextGen Healthcare
• Practice Fusion

The global hospital electronic health records market is segmented as follows:

By Type

• Specialty EMR Solutions
• General EMR Solutions

By Component

• Hardware
• Software
• Services

By Hospital Size

• Large Hospitals
• Small & Medium-Sized Hospitals

By Delivery-Mode

• Cloud-Based
• On-Premise

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa