U.S. ELECTRONIC HEALTH RECORDS (EHR) MARKET SIZE TO CROSS USD 10 BILLION BY 2025, GROWING AT A CAGR OF 6% DURING THE FORECAST PERIOD

U.S. Electronic Health Records Market Size, Share, Trends Analysis Report by End-user (Hospitals, Clinics, Specialty Centers), Deployment (Cloud-based Software and On-premise Software), Application (Clinical, Administrative, Reporting in Healthcare Systems, Healthcare Financing, and Clinical Research), and Geography (United States), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020-2025

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50 Companies

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4 Market Segment

U.S. ELECTRONIC HEALTH RECORDS MARKET REPORT SCOPE

Report Attribute Details
Market Size (Revenue) USD 10 BILLION (2025)
CAGR 6% (2020–2025)
Base Year 2019
Forecast Year 2020–2025
Market Segments End-user (Hospitals, Clinics, Specialty Centers), Deployment (Cloud-based Software and On-premise Software), Application (Clinical, Administrative, Reporting In Healthcare Systems, Healthcare Financing, and Clinical Research)
Geographic Analysis North America
Countries Covered United States

INDUSTRY INSIGHTS 

The U.S. electronic health records (EHR) market size to cross USD 10 billion by 2025, growing at a CAGR of 6% during the forecast period. The U.S. EHR market is expected to be driven by the increasing prevalence of chronic disorders and the outbreak of pandemics. About 6 in 10 adults in the US have a chronic disease, according to the National Center for Chronic Disease Prevention and Health Promotion 2019. An increase in the prevalence of acute and chronic diseases, including several heart diseases, diabetes, cancer, pandemic such as COVID-19, high awareness regarding the benefits of electronic health records are likely to fuel the growth of the market in the US. EHRs offer a range of advantages to healthcare providers and patients, which ultimately increases productivity and patient satisfaction. The increasing adoption of software solutions such as data mining, clinical decision support system, and clinical trial management systems will propel the demand for EHR systems. A growing number of medical professionals opt for technologically advanced data management systems to save time and resources.

The phenomenal spread of COVID-19 in the US has increased the growth of the U.S. telehealth market. Telehealth services inpatient portals have eased overcrowding in hospitals and have allowed remote monitoring of patients, thereby decreasing the spread of the virus.

SNIPPETS

  • The U.S. clinical application segment will reach over USD 3 billion by 2025 because of increased demand for complete, up-to-date, and accurate medical records for effective diagnosis and treatment.
  • The specialty centers segment is likely to grow at the highest CAGR during the forecast period due to the higher preference for private hospitals among patients and the increasing aging population in the US.
  • The cloud-based software segment will account for incremental growth over USD 1.75 billion by 2025, as this system is a scalable, flexible, intuitive, cost-effective solution for maintaining health records.

U.S. ELECTRONIC HEALTH RECORDS MARKET SEGMENTATION

This research report includes a detailed segmentation by

  • End-user
  • Deployment
  • Application

INSIGHTS BY END-USER

In 2019, the hospital segment was the largest end-user segment. It generates tremendous medical data daily. Hence, EHRs have become an integral part of patient data management owing to the convenience and increased productivity. The benefits offered by in-house EHR systems, including cost factor and time saving to large-scaled hospitals, are responsible for the revenue growth. Nearly 90% of hospitals across the country used electronic health record systems in 2018. Computerized prescriber-order-entry (CPOE) systems with clinical decision support are used by 96% of hospitals, according to the ASHP National Survey of Pharmacy Practice in Hospital Settings: Prescribing and Transcribing—2016.

Specialty centers, on the other hand, are expected to display the highest growth over the forecast period. The market share of specialty centers was recorded at close to 20% in 2019, which is expected to reach 21% in 2025. Specialty centers are convenient for both healthcare providers and patients. They rely on these systems for effective data management. The US will lead to the adoption of EHR in specialty hospitals across North America. The patients in the region widely prefer private hospitals as the variety of amenities offered by private hospitals is better.

INSIGHTS BY APPLICATION

In 2019, the clinical application of electronic health records dominated the U.S. electronic health records market share of around 30%. One of the key EHR application areas in the healthcare system is clinical patient care. The use of EHRs as a source of data in clinical investigations could involve additional considerations, planning, and management. The demand for complete, up-to-date, and accurate medical records drives the adoption of EHR in the clinical segment.

The administrative application segment will grow at a CAGR of close to 6% during the forecast period. As healthcare technology offers easy to healthcare organizations to improve their administrative operations, the segment is likely to grow. Although an EHR’s primary function is to collect and manage clinical data, an organization’s administrative processes can realize meaningful gains on several metrics when an EHR is incorporated into administrative operations.

Based on cost-accounting applications, health care cost-accounting systems have been adopted widely. In the US, a high percentage focuses on reducing the cost of healthcare, and the adoption of EHR and health IT systems has a significant role to play in achieving that.

INSIGHTS BY DEPLOYMENT 

On-premise deployment involves hosting the EHR software on in-house servers maintained and implemented by an organization’s IT team. Cloud-based is an online software-as-a-service implementation that hosts the software in the cloud where users access it via the internet. Both come with unique pros and cons that can impact decision-making. The cloud-based segment will be the fastest-growing segment during the forecast period. The cloud-based segment dominated the U.S. EHR market share with 56% in 2019. An increasing number of hospitals have shifted their preference for EMR systems from on-premise to cloud-based models, contributing to their market growth. Cloud EHR systems have a lower cost than on-premise products. Since cloud-based EHRs do not require capital investment in hardware, software, and network personnel, they are economical to implement and operate.

INSIGHTS BY VENDORS

The electronic health records giant Epic continued to amass a greater share of the US hospital market in 2019. The presence of major companies, continuous progress in healthcare settings, and the expansion of healthcare IT infrastructure drive the U.S. electronic health records market growth. The electronic medical records market is in a growth stage, and it has achieved popularity and high penetration in developed countries such as the US. Allscripts Healthcare, Cerner, E-clinical Works, and EPIC are the major vendors in the US EHR market.

The U.S. Electronic Health Records market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Segmentation by Deployment

  • Cloud-based Software
  • On-premise Software

By Application  

  • Clinical
  • Administrative
  • Reporting in Healthcare Systems
  • Healthcare Financing
  • Clinical Research

By End-user 

  • Hospitals
  • Clinics
  • Specialty Centers
  • Others

By Geography 

  • United States 

Frequently Asked Questions

What is the U.S. EHR market size and growth rate during the forecast period?

The U.S. electronic healthcare records market is expected to cross USD 10 billion by 2025.

What are the factors impacting the growth of the electronic health record market share?

Increased Growth in Patient Engagement, Growth in Chronic Diseases, and Increase in Government Funding and Expenditure are the major factors influencing the market growth.

What is the growth of cloud-based software segment in the electronic medical records market?

The cloud-based software segment is projected to account for an incremental growth over USD 1.75 billion by 2025

Who are the leading vendors and what are their market share?

Allscripts, Athenahealth Inc., Cerner Corporation, eClinicalWorks, and Epic Systems are the major vendors in the market.

How is COVID-19 impacting the market growth of U.S. electronic health records market share?

The phenomenal spread of COVID-19 in the US has increased the growth of the U.S. telehealth market. Telehealth services in patient portals have eased overcrowding in hospitals and have allowed remote monitoring of patients, thereby decreasing the spread of the virus.

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The U.S. electronic health records market by revenue is expected to grow at a CAGR of close to 6% during the period 2019–2025.

The following factors are likely to contribute to the growth of the U.S. electronic health records market during the forecast period:

  • Growth in Chronic Diseases
  • Increase in Government Funding and Expenditure
  • Growth in Patient Engagement
Base Year: 2019
Forecast Year: 2020–2025
 

The study considers the present scenario of the U.S. electronic health records market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Prominent Vendors 

  • Allscripts
    • Business Overview
    • Product Offerings
    • Key Strengths
    • Key Strategies
    • Key Opportunities
  • Athenahealth Inc.
  • Cerner Corporation
  • eClinicalWorks
  • Epic Systems

Other Prominent Vendors 

  • Amkai Solutions EHR
    • Business Overview
    • Product Offerings
  • Amrita Medical Solutions
  • Angel Systems
  • Askesis Development Group
  • Cantata Health
  • CGI
  • Co Centrix
  • Credible
  • DSS
  • Empower Systems
  • Evident
  • FEI Systems
  • GE Healthcare
  • Harris Healthcare
  • Health Care Software (HCS)
  • ICANotes
  • Indian Health Services
  • Infomedika
  • InterSystems
  • Marshfield Clinic
  • McKesson
  • MedConnect
  • MedEZ
  • Medsphere Systems Corp.
  • Meta Healthcare IT Solutions
  • MEDITECH
  • MindLinc
  • Morris Systems
  • Netsmart Technologies
  • NextGen
  • NTT Data
  • Optimus EMR
  • Point Click Care
  • Prognosis Innovation Healthcare
  • PsyTech Solutions
  • Qualifacts Systems
  • Remarkable Health
  • Sigma Care
  • Sigmund Software
  • Source Medical Solutions
  • Technomad
  • Tenzing Medical
  • Uniform Data System for Medical Rehabilitation (UDSMR)
  • VeraSuite
  • World VistA

By Deployment

  • Cloud-based Software
  • On-premise Software

By Application  

  • Clinical
  • Administrative
  • Reporting in Healthcare Systems
  • Healthcare Financing
  • Clinical Research

By End-user 

  • Hospitals
  • Clinics
  • Specialty Centers
  • Others

By Geography 

  • United States

 

1 Research Methodology
2 Research Objectives
3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Inclusions
4.3 Exclusion
4.4 Base Year
4.5 Scope Of The Study
4.5.1 Market Segmentation By Deployment
4.5.2 Market Segmentation By Application
4.5.3 Market Segmentation By End-User

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance
7 Introduction
7.1 Overview
7.2 US: Pest Analysis
7.2.1 Political
7.2.2 Economic
7.2.3 Social
7.2.4 Technology
7.3 EHRConcept
7.3.1 Overview
7.3.2 Challenges in EHR
7.4 US Healthcare Industry
7.4.1 Overview

8 Impact Of Covid-19
8.1 Disruptions In Global Supply Chain
8.2 Overview
8.3 Covid-19 Impact On Global Trade
8.4 Impact On Global Value Chain
8.5 Covid-19 Impact On Electronic Healthcare Record

9 Market Opportunities & Trends
9.1 Rise In Number Of Chronic Diseases
9.2 Increasing Government Funding & Expenditure
9.3 Increasing Patient Engagement

10 Market Growth Enablers
10.1 Technological Advancement In Healthcare It
10.2 Rising Need To Improve Health Record Portability
10.3 Growing Mergers & Acquisitions In The Healthcare Industry

11 Market Restraints
11.1 High Cost Of Electronic Health Record
11.2 Patient Data Safety & Security

12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.2.1 Market Size & Forecast By Application
12.2.2 Market Size & Forecast by End-User
12.2.3 Market Size & Forecast by Deployment
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry

13 Application
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Clinical Application
13.3.1 Market Size & Forecast
13.4 Administrative Application
13.4.1 Market Size & Forecast
13.5 Reporting In Healthcare Application
13.5.1 Market Size & Forecast
13.6 Healthcare Financing
13.6.1 Market Size & Forecast
13.7 Clinical Research Application
13.7.1 Market Size & Forecast

14 End-User
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Hospitals
14.3.1 Market Size & Forecast
14.4 Clinics
14.4.1 Market Size & Forecast
14.5 Specialty Centers
14.5.1 Market Size & Forecast
14.6 Others
14.6.1 Market Size & Forecast

15 Deployment
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Cloud-Based Software
15.3.1 Market Size & Forecast
15.4 On-Premise Software
15.4.1 Market Size & Forecast

16 Competitive Landscape
16.1 Competition Overview
16.2 Market Share Analysis

17 Key Company Profiles
17.1 Allscripts
17.1.1 Business Overview
17.1.2 Business Segment
17.1.3 Product Offerings
17.1.4 Key Strengths
17.1.5 Key Strategies
17.1.6 Key Opportunities
17.2 Athenahealth
17.2.1 Business Overview
17.2.2 Business Sales Segment
17.2.3 Product Offering
17.2.4 Key Strengths
17.2.5 Key Strategies
17.2.6 Key Opportunities
17.3 Cerner
17.3.1 Business Overview
17.3.2 Business Segment
17.3.3 Product Offerings
17.3.4 Key Strengths
17.3.5 Key Strategies
17.3.6 Key Opportunities
17.4 E-Clinical Works
17.4.1 Business Overview
17.4.2 Business Segments
17.4.3 Product Offerings
17.4.4 Key Strengths
17.4.5 Key Strategies
17.4.6 Key Opportunities
17.5 Epic
17.5.1 Business Overview
17.5.2 Business Segments
17.5.3 Product Offerings
17.5.4 Key Strengths
17.5.5 Key Strategies
17.5.6 Key Opportunities

18 Other Prominent Vendors
18.1 Amkaisolutions
18.1.1 Business Overview
18.1.2 Key Strengths
18.2 Amrita Medical Solutions
18.2.1 Business Overview
18.2.2 Key Strengths
18.3 Angel’s Avenue
18.3.1 Business Overview
18.3.2 Key Strengths
18.4 Askesis Development Group
18.4.1 Business Overview
18.4.2 Key Strengths
18.5 Cantata Health
18.5.1 Business Overview
18.5.2 Key Strengths
18.6 CGI
18.6.1 Business Overview
18.6.2 Key Strengths
18.7 Co Centrix
18.7.1 Business Overview
18.7.2 Key Strengths
18.8 Credible
18.8.1 Business Overview
18.8.2 Key Strengths
18.9 DSS
18.9.1 Business Overview
18.9.2 Key Strengths
18.10 Empower systems
18.10.1 Business Overview
18.10.2 Key Strengths
18.11 Evident (CPSI)
18.11.1 Business Overview
18.11.2 Key Strengths
18.12 FEI Systems
18.12.1 Business Overview
18.12.2 Key Strengths
18.13 GE Healthcare
18.13.1 Business Overview
18.13.2 Key Strengths
18.14 Harris Healthcare
18.14.1 Business Overview
18.14.2 Key Strengths
18.15 Health Care Software (HCS)
18.15.1 Business Overview
18.15.2 Key Strengths
18.16 ICANotes
18.16.1 Business Overview
18.16.2 Key Strengths
18.17 Indian Health Services
18.17.1 Business Overview
18.17.2 Key Strengths
18.18 Infomedika
18.18.1 Business Overview
18.18.2 Key Strengths
18.19 InterSystems
18.19.1 Business Overview
18.19.2 Key Strengths
18.20 Marshfield Clinic
18.20.1 Business Overview
18.20.2 Key Strengths
18.21 McKesson
18.21.1 Business Overview
18.21.2 Key Strengths
18.22 MedConnect
18.22.1 Business Overview
18.22.2 Key Strengths
18.23 MedEZ
18.23.1 Business Overview
18.23.2 Key Strengths
18.24 Medsphere Systems Corporation
18.24.1 Business Overview
18.24.2 Key Strengths
18.25 Meta Healthcare IT Solutions
18.25.1 Business Overview
18.25.2 Key Strengths
18.26 MEDITECH
18.26.1 Business Overview
18.26.2 Key Strengths
18.27 MindLinc
18.27.1 Business Overview
18.27.2 Key Strength
18.28 Morris Systems
18.28.1 Business Overview
18.28.2 Key Strengths
18.29 Netsmart Technologies
18.29.1 Business Overview
18.29.2 Key Strength
18.30 NextGen
18.30.1 Business Overview
18.30.2 Key Strengths
18.31 NTT Data
18.31.1 Business Overview
18.31.2 Key Strengths
18.32 Optimus EMR
18.32.1 Business Overview
18.32.2 Key Strengths
18.33 Point Click Care
18.33.1 Business Overview
18.33.2 Key Strengths
18.34 Prognosis Innovation Healthcare
18.34.1 Business Overview
18.34.2 Key Strengths
18.35 PsyTech Solutions
18.35.1 Business Overview
18.35.2 Key Strengths
18.36 Qualifacts Systems
18.36.1 Business Overview
18.36.2 Key Strengths
18.37 Remarkable Health
18.37.1 Business Overview
18.37.2 Key Strengths
18.38 Sigma Care
18.38.1 Business Overview
18.38.2 Key Strengths
18.39 Sigmund Software
18.39.1 Business Overview
18.39.2 Key Strengths
18.40 Source Medical Solutions
18.40.1 Business Overview
18.40.2 Key Strength
18.41 Technomad
18.41.1 Business Overview
18.41.2 Key Strengths
18.42 Tenzing Medical
18.42.1 Business Overview
18.42.2 Key Strengths
18.43 Uniform Data System for Medical Rehabilitation
18.43.1 Business Overview
18.43.2 Key Strengths
18.44 VeraSuite
18.44.1 Business Overview
18.44.2 Key Strengths
18.45 World VistA
18.45.1 Business Overview
18.45.2 Key Strengths

19 Report Summary
19.1 Key Takeaways
19.2 Strategic Recommendations

20 Quantitative Summary
20.1 Application
20.2 End-User
20.3 Deployment

21 Appendix
21.1 Abbreviations

List Of Exhibits
Exhibit 1 Segmentation of Electronic Health Record Market in US
Exhibit 2 Market Size Calculation Approach 2019
Exhibit 3 US Demography by Population Group 2015 (million)
Exhibit 4 GDP of US 2015−2019 ($ billion)
Exhibit 5 Distribution of US Health Expenditure by Service 2019
Exhibit 6 Geriatric Population in 2019 for Selected US States (million)
Exhibit 7 Share of Geriatric Population in the Total US Population from 2000−2030
Exhibit 8 Overview of PEST Analysis: US
Exhibit 9 US GDP Growth Rate Changes Q1 2016–Q4 2018
Exhibit 10 Functional Components of an Electronic Health Record System
Exhibit 11 Leading US States by Ownership of EHR Systems among Office-based Physicians 2017
Exhibit 12 Insights of the US Healthcare Industry
Exhibit 13 Adult Physical Inactivity Prevalence in US by State 2018
Exhibit 14 Sedentary Lifestyle: Key Facts
Exhibit 15 Percentage of US Millennials who Felt Informed about their Health 2016−2018
Exhibit 16 Trade Impact of COVID-19 on Automotive Sector in February 2020 ($ million)
Exhibit 17 Economic Impact of China’s Slowdown on Global Value Chains ($ million)
Exhibit 18 Rise in the Number of Chronic Diseases
Exhibit 19 Prevalence of Multiple Chronic Conditions in Selected Regions (%)
Exhibit 20 Percentage of Adults in the US Aged 65 Years and Above with Selected Chronic Health Conditions
Exhibit 21 Impact of Increasing Government Funding & Expenditure
Exhibit 22 Insights of Global Digital Health Market 2019−2025
Exhibit 23 Advantages of Electronic Health Record in US
Exhibit 24 Major Trends in Digital Health Post COVID-19
Exhibit 25 Impact of Increasing Patient Engagement
Exhibit 26 Tasks Involving Patient Engagement in EHR
Exhibit 27 Health Data in the US (2015 & 2019)
Exhibit 28 Impact of Technological Advancement in Healthcare IT
Exhibit 29 Key Areas of the Healthcare Industry
Exhibit 30 Trends in Healthcare Technological Advancement
Exhibit 31 Impact of Rising Need to Improve Healthcare Record Portability
Exhibit 32 Factors of Electronic Health Record Software
Exhibit 33 Impact of Growing Mergers & Acquisitions in the Healthcare Industry
Exhibit 34 Impact of High Cost of Electronic Health Record
Exhibit 35 Annual Cost to Maintain EHR Software ($)
Exhibit 36 Impact of Patient Data Safety & Security
Exhibit 37 Aging Population in US 2010–2050 (% of the overall population)
Exhibit 38 Average Stay in Hospital by Age Group in US 2017 (number of days)
Exhibit 39 US National Health Expenditure (as percent of GDP) 2013–2017
Exhibit 40 Electronic Health Record Market in US 2019–2025 ($ million)
Exhibit 41 Five Forces Analysis 2019
Exhibit 42 Incremental Growth by Application 2019 & 2025
Exhibit 43 Overview of US Electronic Health Record Market by Application
Exhibit 44 US Electronic Health Record Market Share by Application 2019 & 2025
Exhibit 45 US Electronic Health Record Market by Clinical Application 2019–2025 ($ billion)
Exhibit 46 US Electronic Health Record Market by Administrative Application 2019–2025 ($ billion)
Exhibit 47 US Electronic Health Record Market by Reporting in Healthcare Application 2019–2025 ($ billion)
Exhibit 48 US Electronic Health Record Market by Healthcare Financing 2019–2025 ($ billion)
Exhibit 49 US Electronic Health Record Market by Clinical Research Application 2019–2025 ($ million)
Exhibit 50 Incremental Growth by End-user 2019 & 2025
Exhibit 51 Overview of US Electronic Health Record Market by End-user
Exhibit 52 US Electronic Health Record Market Share by End-user 2019 & 2025
Exhibit 53 Number of Hospitals in US by Ownership Type (2010–2018)
Exhibit 54 US Electronic Health Record Market by Hospitals 2019–2025 ($ billion)
Exhibit 55 US Electronic Health Record Market by Clinics 2019–2025 ($ billion)
Exhibit 56 Number of Urgent Care Centers in US 2013–2019
Exhibit 57 US Electronic Health Record Market by Specialty Centers 2019–2025 ($ billion)
Exhibit 58 US Electronic Health Record Market by Other End-users 2019–2025 ($ million)
Exhibit 59 Incremental Growth by Deployment 2019 & 2025
Exhibit 60 Overview of US Electronic Health Record Market by Deployment
Exhibit 61 US Electronic Health Record Market Share by Deployment 2019 & 2025
Exhibit 62 Cloud-Based EHR System Architecture
Exhibit 63 US Electronic Health Record Market by Cloud-based Software 2019–2025 ($ billion)
Exhibit 64 US Electronic Health Record Market by On-premise Software 2019–2025 ($ billion)
Exhibit 65 Market Share of Leading Ambulatory EHR Vendors in US (May 2019)
Exhibit 66 Electronic Healthcare Record Market Share 2019

List Of Tables
Table 1 Key Caveats
Table 2 Currency Conversion 2013−2019
Table 3 Some of the Recent Biggest Technological Advancements for Healthcare in US
Table 4 Healthcare Acquisition in Information Technology in 2019
Table 5 US Electronic Health Record by Application 2019−2025 ($ million)
Table 6 US Electronic Health Record Market by End-user 2019−2025 ($ million)
Table 7 US Electronic Health Record Market by Deployment 2019−2025 ($ million)
Table 8 Classification of Major Electronic Healthcare Record Vendors in US
Table 9 Allscripts: Major Product Offerings
Table 10 AthenaHealth: Major Product Offerings
Table 11 Cerner: Major Product Offerings
Table 12 eClinicalWorks: Major Product Offerings
Table 13 Epic: Major Product Offerings
Table 14 US Electronic Health Record Market by Application 2019−2025 ($ million)
Table 15 US Electronic Health Record Market by End-user 2019−2025 ($ million)
Table 16 US Electronic Health Record Market by Deployment 2019−2025 ($ million)

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