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Yahoo
3 days ago
- Business
- Yahoo
Electronic Health Records (EHR) Market Valued at USD 33.45 Billion in 2024, Set to Grow at 4.59% CAGR Through 2032
EHR industry is booming due to rising digitalization, regulatory mandates, and demand for streamlined patient data access. Key players like Epic Systems, Cerner (Oracle), and Allscripts dominate with innovative, cloud-based solutions. Growing investments in telehealth and AI integration continue to accelerate market expansion across hospitals and ambulatory care settings. San Francisco, USA, June 25, 2025 (GLOBE NEWSWIRE) -- The was valued at USD 33,451.20 million in 2024 and is projected to grow at a CAGR of 4.59% from 2025 to 2032. This growth is driven by the global shift toward digital healthcare infrastructure, government mandates for record standardization, and the rising demand for efficient patient data management across hospitals, clinics, and ambulatory care centers. EHR systems are digital versions of a patient's paper chart, offering real-time, patient-centered records that make information instantly and securely available to authorized users. They are critical for improving coordination between care providers, minimizing medical errors, and enhancing overall clinical outcomes. Government initiatives worldwide are playing a key role in promoting EHR adoption. Programs such as the U.S. HITECH Act, the EU's digital health transformation goals, and India's Ayushman Bharat Digital Mission are pushing healthcare providers toward digitization. At the same time, the rise of value-based care, telehealth, and mobile health applications has increased the need for interoperable and cloud-based EHR systems. The market is witnessing significant technological advancements, including integration with AI, predictive analytics, and mobile platforms, which enable better clinical decision-making and patient engagement. However, challenges such as high implementation costs, data privacy concerns, and interoperability issues between different systems remain key hurdles, particularly in emerging markets. North America dominates the global EHR market, backed by strong digital infrastructure and initiatives like the U.S. HITECH Act, which allocated over $35 billion to promote EHR adoption. Meanwhile, Asia-Pacific is emerging as the fastest-growing region, fueled by rising healthcare investments—India's health budget rose 13% in 2023—and national digitization drives like China's 'Healthy China 2030.' Supportive policies, growing urbanization, and expanding patient volumes are accelerating EHR integration across the region, attracting global players and investors alike. Unlock in-depth insights and forecasts – Get your FREE sample report of the EHR market today: Key Players- Detailed Competitive Insights Cerner Corporation GE Healthcare Veradigm LLC Epic Systems Corporation eClinicalWorks Greenway Health, LLC NextGen Healthcare, Inc. Medical Information Technology, Inc. CPSI AdvancedMD, Inc. Allscripts Healthcare Solutions MEDHOST Athenahealth McKesson Corporation Siemens Healthineers Oracle Corporation Market Dynamics Drivers Government Mandates and Incentives: Many countries are accelerating Electronic Health Records (EHR) adoption through targeted policies. In the U.S., CMS's Promoting Interoperability Program ties Medicare reimbursements to EHR usage. Germany's Hospital Future Act allocated €4.3 billion for digital upgrades, while Australia's My Health Record achieved over 90% population coverage. India's Ayushman Bharat Digital Mission aims to create a unified health ID system, promoting seamless data exchange. These initiatives are driving global healthcare digitalization and fostering integrated patient care systems. Rising Demand for Streamlined Healthcare Delivery: For example, Mayo Clinic uses integrated EHRs to reduce duplication, streamline workflows, and access real-time patient data—cutting documentation time and improving care coordination across departments and specialties. Growth in Telehealth and Remote Monitoring: The global shift toward telemedicine post-COVID-19 has increased the need for centralized digital records that can be accessed remotely. This trend is pushing both public and private healthcare providers to invest in cloud-based and interoperable EHR systems. Data-Driven Decision Making in Healthcare: As data becomes a core asset in personalized medicine and value-based care models, EHRs serve as critical repositories of patient history, lab reports, medications, and imaging data. Challenges High Implementation and Maintenance Costs: The cost of deploying EHR software, training staff, and maintaining IT infrastructure can be prohibitive for small healthcare facilities, especially in developing nations. Interoperability and Data Security Concerns: Although EHRs are designed to improve information sharing, achieving true interoperability across different systems remains a challenge. Moreover, the sensitive nature of health data makes security and compliance with data protection regulations (like HIPAA and GDPR) a critical issue. Opportunities Integration with AI and analytics in EHRs enables predictive insights—such as Mount Sinai Hospital using AI models within EHRs to identify sepsis risk early, improving response time and patient outcomes. This innovation is driving demand for intelligent, data-driven systems. Mobile and Cloud-Based EHRs: The adoption of mobile health apps and cloud platforms enables real-time access to health data, especially beneficial in rural and underserved regions. Regional Insights North America North America holds 42.50% of the global EHR market, driven by the U.S.'s early adoption and digital health funding. Epic Systems powers major hospital networks like Kaiser Permanente, while Canada's Infoway initiative accelerates EHR integration, ensuring secure, interoperable data across provinces. Europe Europe is a mature yet fragmented market for EHRs. Countries like Germany, the UK, and the Netherlands are progressing well in EHR integration, while others lag due to privacy concerns and inconsistent digital policies. The EU's push toward unified health records under the European Health Data Space initiative could streamline EHR adoption across member states. Asia-Pacific The Asia-Pacific region is projected to witness the fastest growth during the forecast period. Rapid urbanization, increased healthcare spending, and the digitalization efforts in countries like India, China, and Australia are major contributors. Government-backed programs such as India's Ayushman Bharat Digital Mission and China's Smart Healthcare initiative are significantly driving EHR deployment. Latin America & Middle East Both regions are gradually embracing EHR systems. Brazil, Saudi Arabia, and the UAE have initiated digital health reforms. However, budget constraints and a lack of infrastructure remain key barriers. International partnerships and private investments are expected to unlock growth potential in these markets. TABLE OF CONTENT 1. Electronic Health Records Market Overview 1.1. Study Scope 1.2. Market Estimation Years 2. Executive Summary 2.1. Market Snippet 2.1.1. Electronic Health Records Market Snippet By Product 2.1.2. Electronic Health Records Market Snippet By Type 2.1.3. Electronic Health Records Market Snippet By Business Model 2.1.4. Electronic Health Records Market Snippet By Application 2.1.5. Electronic Health Records Market Snippet By End Use 2.1.6. Electronic Health Records Market Snippet by Country 2.1.7. Electronic Health Records Market Snippet by Region 2.2. Competitive Insights 3. Electronic Health Records Key Market Trends 3.1. Electronic Health Records Market Drivers 3.1.1. Impact Analysis of Market Drivers 3.2. Electronic Health Records Market Restraints 3.2.1. Impact Analysis of Market Restraints 3.3. Electronic Health Records Market Opportunities 3.4. Electronic Health Records Market Future Trends 4. Electronic Health Records Industry Study 4.1. PEST Analysis 4.2. Porter's Five Forces Analysis 4.3. Growth Prospect Mapping 4.4. Regulatory Framework Analysis 5. Electronic Health Records Market: Impact of Escalating Geopolitical Tensions 5.1. Impact of COVID-19 Pandemic 5.2. Impact of Russia-Ukraine War 5.3. Impact of Middle East Conflicts 6. Electronic Health Records Market Landscape 6.1. Electronic Health Records Market Share Analysis, 2024 6.2. Breakdown Data, by Key Manufacturer 6.2.1. Established Players' Analysis 6.2.2. Emerging Players' Analysis 7. Electronic Health Records Market – By Product 7.1. Overview 7.1.1. Segment Share Analysis, By Product, 2024 & 2032 (%) 7.1.2. On-premises 7.1.3. Web & Cloud-Based EHR 8. Electronic Health Records Market – By Type 8.1. Overview 8.1.1. Segment Share Analysis, By Type, 2024 & 2032 (%) 8.1.2. Acute 8.1.3. Outpatient 8.1.4. Post Acute 9. Electronic Health Records Market – By Business Model 9.1. Overview 9.1.1. Segment Share Analysis, By Business Model, 2024 & 2032 (%) 9.1.2. Licensed Software 9.1.3. Technology Resale 9.1.4. Subscriptions 9.1.5. Professional Services 9.1.6. Others 10. Electronic Health Records Market – By Application 10.1. Overview 10.1.1. Segment Share Analysis, By Application, 2024 & 2032 (%) 10.1.2. Cardiology 10.1.3. Neurology 10.1.4. Radiology ……… Reasons to Invest in the EHR Market Essential Role in Modern Healthcare Systems EHRs are no longer optional but a fundamental part of modern healthcare. As hospitals strive to improve patient care, safety, and efficiency, EHRs serve as a backbone for digital health ecosystems. Regulatory Push and Compliance Standards Investment in compliant EHR systems helps healthcare providers align with stringent data protection laws while avoiding penalties and securing patient trust. Increasing Healthcare Expenditure Globally, healthcare budgets are expanding. A significant portion is being directed toward digital infrastructure, making EHR vendors prime beneficiaries of government and institutional funding. Rising Adoption of Cloud and AI Technologies EHR vendors integrating cloud capabilities and AI features offer enhanced scalability, analytics, and patient engagement. These smart EHRs are more future-proof and attractive to investors. Long-Term Cost Benefits for Healthcare Providers Despite initial costs, EHR systems lead to long-term savings by reducing administrative workload, avoiding duplication of tests, and minimizing errors. Future Outlook The Electronic Health Records (EHR) market is poised for a tech-driven evolution, with AI integration, cloud-based platforms, and interoperability leading the way. By 2032, real-time data exchange, as seen in the U.K.'s NHS Federated Data Platform and India's Ayushman Bharat Digital Mission, will become standard. Growing cybersecurity investments and patient-centric innovations are redefining EHR functionality. With global healthcare systems embracing value-based care, the market is set for intelligent, adaptive, and patient-connected growth worldwide. Discover the Full Study : Explore More Research Titles in the Healthcare Category by AnalystView Market Insights: CRISPR-Based Diagnostics Market- Pain Management Therapeutics Market- Immunohistochemistry Market- Disposable Blood Pressure Cuffs Market- Clinical Trial Central Laboratory Services Market- AI for Predictive Healthcare Market- Healthcare Analytics Market- Patient Handling Equipment Market- Sterilization Equipment Market- Mayank Agrawal mayank@ 11923 NE Sumner St STE 750924 Portland, Oregon, 97220, USAError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
4 days ago
- Business
- TechCrunch
In just 4 months, AI medical scribe Abridge doubles valuation to $5.3B
In Brief Abridge, an AI startup automating medical notes, has secured a $300 million Series E at a $5.3 billion valuation, according to the Wall Street Journal. The round, led by Andreessen Horowitz with participation from Khosla Ventures, follows the company's $250 million February fundraise at a $2.75 billion valuation. The seven-year-old Abridge is widely considered to be the leader in the increasingly crowded AI-powered medical scribe market, largely due to its early entry and integration with Epic Systems, the dominant health record software. In Q1, Abridge has reached $117 million in contracted annual recurring revenue (a metric that includes all signed recurring contacts, including from customers that have still not been onboarded,) The Information reported last month. Along with the fundraise, Abridge announced that it is expanding into converting medical notes from patient appointments into AI-powered medical codes, an offering that makes the company directly competitive with startups like CodaMetrix and a feature from its partner Epic Systems. Abridge, which was founded by cardiologist Shiv Rao, claims that its AI scribe technology is used by over 150 of the largest health systems in the US.
Forbes
17-06-2025
- Health
- Forbes
The Second Coming Of Personal Health Records
Trellis Health Co-Founder and CEO Estelle Giraud Two decades ago, some of the biggest names in tech attempted to transform how individuals manage their health data. Microsoft's HealthVault and Google Health both launched with bold ambitions: to create centralized platforms where patients could control and curate their personal health records (PHRs). Yet, despite vast resources and early hype, both efforts fizzled. The world wasn't ready. But now the dream is back, resurrected by a new wave of startups and, surprisingly, by the very institutions that had arguably stood in its way. From consumer-focused companies like Trellis Health to institutional giants like Epic Systems, people seem to believe again in the promise of personalized, portable health data. And this time, they might be right. What Went Wrong the First Time When Microsoft HealthVault launched in 2007 and Google Health in 2008, the concept of a digital personal health hub was revolutionary. It would unite all of your health data in one place, under your full control. Unfortunately, the infrastructure of healthcare was simply not prepared to support it. Electronic Health Records (EHRs) were barely digitized. Meaningful Use, the government policy that nudged providers into the digital era, had only just begun. Consumer devices like wearables were rare, and systems to connect disparate data sources were nearly nonexistent. Even more critically, these platforms demanded far too much from users. 'They required so much work from the consumer,' explains Estelle Giraud, co-founder and CEO of Trellis Health. 'You had to upload your medical records manually, scan documents, log information constantly. The average healthy person just isn't going to do that.' And so, despite the vision, the user base never followed. Google Health shut down in 2012; HealthVault was sunsetted in 2019. The personal health record was consigned to the graveyard of overambitious tech dreams. Why Today May Be Different So what's changed? First, the digital plumbing of healthcare is finally in place. 'Everything is digitized today,' Giraud says. 'We have global interfaces for wearables, insurance claims, and health systems. Technologically, it's a completely different environment.' The transition from paper to pixels is no longer aspirational. Second, the rise of consumer health consciousness has created a more engaged public. Wearables like the Apple Watch and Oura Ring have made health data personal. We now expect visibility into our steps, sleep, and heart rate. Why not our labs, diagnoses, or prescriptions? Finally, AI offers a bridge between data and action. Where early PHRs were glorified filing cabinets, today's tools can interpret, surface, and contextualize insights. This shift from data collection to decision support makes the work people put into their PHRs worth the effort. Sharpening Focus Trellis Health is an example of this new era. Giraud's company is far more than a digital file cabinet. It's a consumer-focused, AI-native health platform designed specifically for women in the pregnancy and postpartum periods—an intentionally sharp wedge into the broader market. 'Pregnancy is often the first time a healthy woman engages deeply with the healthcare system,' she notes. 'It's a moment of heightened awareness and motivation.' Trellis aggregates up to a decade of a woman's health history from 50,000+ provider sites, re-architecting it around chronology rather than billing codes, then overlays intelligent support. By doing so, it strives to be not just a logbook but a personalized guide through a transformative life experience. A PHR opens a range of related service offerings, as in the case of Trellis Health The use case is timely and targeted. Trellis focuses on postpartum lab testing, for instance, which is often a glaring gap in care. Women with gestational diabetes or hypertension often receive little follow-up, despite significantly higher risks of future heart disease or Type 2 diabetes. By sending at-home test kits before a six-week checkup, Trellis empowers women with data they can take to their doctors. It doesn't provide diagnosis, focusing instead on information and empowerment. This consumer-first model sidesteps the bureaucracy of U.S. healthcare. At $96/year, paid out-of-pocket or via HSA/FSA, it's an impulse buy for a motivated consumer—'almost chemical,' as Giraud puts it. What the Incumbents Are Doing Interestingly, EHR vendors are trying to build what they once broadly de-prioritized. Epic's MyChart, for example, now includes interoperability features that allow patients to access records from various health systems. The 21st Century Cures Act of 2016 has played a role here, forcing providers to open interfaces and enable data portability. Yet these systems remain fragmented. 'Even as a patient, you're with Epic 60% of the time, and with Cerner or others the rest,' says Giraud. 'They still don't get everything that happens in between visits.' Factors like wearables, environment, diet, and social determinants of health fall through the cracks. MyChart is a useful tool, but it still fundamentally lives within the four walls of the health system. Why Health Plans and Providers Haven't Solved This Many wonder: why haven't health insurers or large providers solved this problem? The answer lies partly in healthcare's misaligned incentives. 'Healthcare is a black hole,' Giraud argues. 'If you get too close, you get sucked in. The incentives, contracts, and bureaucracy are just too strong.' Payers struggle with member churn—why invest in long-term health when patients change plans annually? Providers, meanwhile, face tech stacks and billing structures optimized for volume, not value. Still, the tide is shifting. Companies like Flexpa are giving consumers access to insurance claims. A current legal standoff between Epic and Particle Health reflects the growing pressure for openness, as well as continuing concerns about data security and privacy. Lessons for Healthcare Entrepreneurs Building a business in healthcare is not for the faint of heart. Giraud, a former population genetics researcher and Illumina executive, is both optimistic and cautious. 'You can't just be a Silicon Valley entrepreneur in healthcare,' she warns. 'You have to understand the rules of the game, and which ones can be broken.' She urges founders to study history. 'So many companies failed not because their ideas were bad, but because they didn't understand the playing field.' At the same time, insiders often become too entrenched to innovate. The trick is to hold both perspectives: respect for the system and the courage to challenge it. Will It Work This Time? The promise of personal health records has returned. Companies like Trellis Health are betting that a targeted entry point, consumer-grade design, and modern infrastructure can finally realize the long-held dream of patient-centered data. This is not the same game as 20 years ago. The players are different. The tools are better. This time, it just might work.
Yahoo
07-06-2025
- Health
- Yahoo
European Health IT Leaders Look to Denmark and Finland as Models for EHR Interoperability and Patient Access, Black Book Survey Reveals
Ahead of Next Week's HIMSS 25 Europe in Paris, Attendees Look to Top Interoperability Vendors for Solutions PARIS, FRANCE / / June 7, 2025 / Black Book Market Research today released findings from its latest survey highlighting the influence of Denmark and Finland on Electronic Health Record (EHR) interoperability and patient access initiatives across Europe. Conducted among 312 healthcare IT leaders from 8 higher tech-adoption European nations, the study underscores the strategic shift among healthcare organizations to emulate the advanced digital health ecosystems of these two Nordic frontrunners. According to the survey, 94% of respondents identified Denmark's comprehensive national health portal, as a model for delivering centralized patient records and seamless data exchange. Finland's Kanta platform similarly emerged as a key inspiration, cited by 90% of healthcare executives for its robust nationwide interoperability and extensive patient record accessibility. The survey also recognized standout EHR technology vendors contributing significantly to these Nordic success stories. Epic Systems, utilized by major hospitals and health regions in Denmark, was ranked highly for its interoperability performance and scalability across diverse clinical environments. TietoEVRY and CGI, prominent in the Finnish healthcare market, received notable recognition for their roles in facilitating robust connectivity and patient-centric record management through Finland's Kanta service. The report also highlighted Germany and Italy as the European nations with high EHR adoption rates yet struggling most significantly with interoperability and patient record access. Survey respondents identified primary reasons for these challenges as fragmented regional systems, lack of centralized governance, varying data standards, and insufficient investment in integrated digital health infrastructure. Providers in these countries reported an average interoperability satisfaction score of just 18%, significantly lower than Nordic benchmarks. According to respondents, responsibility for these challenges is shared: 86% cited government policy and funding issues, 21% pointed to vendor limitations in offering interoperable solutions, and 80% attributed the problems to provider reluctance or inability to implement cohesive digital strategies. "European IT leaders are closely analyzing the strategic frameworks, governance structures, and advanced technology models pioneered by Denmark and Finland," said Douglas Brown, founder of Black Book Market Research. "Their proven success with interoperability standards, comprehensive EHR adoption, and seamless data integration is inspiring other European health systems to accelerate their digital transformations with secure data exchange and patient-centric solutions." Further survey insights highlighted specific adoption trends: 91% of surveyed executives emphasized the importance of centralized national infrastructures to enable seamless EHR integration. 84% noted the critical role of stringent data standardization, including widespread adoption of HL7 FHIR standards. 60% of respondents are now accelerating plans for patient-access portals inspired by the Danish and Finnish approaches. "Denmark and Finland offer powerful examples of how cohesive digital health strategies improve patient care and operational efficiency," added Brown. "Vendors succeeding in these markets are proving vital to replicating these results throughout Europe." Top Client-Rated Interoperability Solutions Vendors at HIMSS 25 EU Attendees of HIMSS25 Europe in Paris are encouraged to visit four leading interoperability vendors highly rated in recent Black Book IT user surveys across Europe. These vendors are recognized for their advanced solutions driving seamless connectivity, comprehensive data integration, and patient-centric interoperability. Each demonstrates notable success in enabling secure data exchange, facilitating real-time patient information access, and empowering healthcare organizations to optimize patient outcomes and operational efficiency. Visitors can expect compelling demonstrations highlighting the robust capabilities and proven successes these vendors have achieved within Europe's most digitally advanced healthcare environments: InterSystems Hyland Dedalus Epic Systems About Black Book Market ResearchBlack Book Market Research is a leading global independent research firm providing unbiased, client-driven evaluations of healthcare technology and services. Black Book rankings are based entirely on user feedback and customer satisfaction data, offering strategic insights to healthcare providers, payers, vendors, and investors. For more information, visit Contact Information Press Office research@ SOURCE: Black Book Research View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
07-06-2025
- Health
- Associated Press
European Health IT Leaders Look to Denmark and Finland as Models for EHR Interoperability and Patient Access, Black Book Survey Reveals
Ahead of Next Week's HIMSS 25 Europe in Paris, Attendees Look to Top Interoperability Vendors for Solutions PARIS, FRANCE / ACCESS Newswire / June 7, 2025 / Black Book Market Research today released findings from its latest survey highlighting the influence of Denmark and Finland on Electronic Health Record (EHR) interoperability and patient access initiatives across Europe. Conducted among 312 healthcare IT leaders from 8 higher tech-adoption European nations, the study underscores the strategic shift among healthcare organizations to emulate the advanced digital health ecosystems of these two Nordic frontrunners. According to the survey, 94% of respondents identified Denmark's comprehensive national health portal, as a model for delivering centralized patient records and seamless data exchange. Finland's Kanta platform similarly emerged as a key inspiration, cited by 90% of healthcare executives for its robust nationwide interoperability and extensive patient record accessibility. The survey also recognized standout EHR technology vendors contributing significantly to these Nordic success stories. Epic Systems, utilized by major hospitals and health regions in Denmark, was ranked highly for its interoperability performance and scalability across diverse clinical environments. TietoEVRY and CGI, prominent in the Finnish healthcare market, received notable recognition for their roles in facilitating robust connectivity and patient-centric record management through Finland's Kanta service. The report also highlighted Germany and Italy as the European nations with high EHR adoption rates yet struggling most significantly with interoperability and patient record access. Survey respondents identified primary reasons for these challenges as fragmented regional systems, lack of centralized governance, varying data standards, and insufficient investment in integrated digital health infrastructure. Providers in these countries reported an average interoperability satisfaction score of just 18%, significantly lower than Nordic benchmarks. According to respondents, responsibility for these challenges is shared: 86% cited government policy and funding issues, 21% pointed to vendor limitations in offering interoperable solutions, and 80% attributed the problems to provider reluctance or inability to implement cohesive digital strategies. 'European IT leaders are closely analyzing the strategic frameworks, governance structures, and advanced technology models pioneered by Denmark and Finland,' said Douglas Brown, founder of Black Book Market Research. 'Their proven success with interoperability standards, comprehensive EHR adoption, and seamless data integration is inspiring other European health systems to accelerate their digital transformations with secure data exchange and patient-centric solutions.' Further survey insights highlighted specific adoption trends: 91% of surveyed executives emphasized the importance of centralized national infrastructures to enable seamless EHR integration. 84% noted the critical role of stringent data standardization, including widespread adoption of HL7 FHIR standards. 60% of respondents are now accelerating plans for patient-access portals inspired by the Danish and Finnish approaches. 'Denmark and Finland offer powerful examples of how cohesive digital health strategies improve patient care and operational efficiency,' added Brown. 'Vendors succeeding in these markets are proving vital to replicating these results throughout Europe.' Top Client-Rated Interoperability Solutions Vendors at HIMSS 25 EU Attendees of HIMSS25 Europe in Paris are encouraged to visit four leading interoperability vendors highly rated in recent Black Book IT user surveys across Europe. These vendors are recognized for their advanced solutions driving seamless connectivity, comprehensive data integration, and patient-centric interoperability. Each demonstrates notable success in enabling secure data exchange, facilitating real-time patient information access, and empowering healthcare organizations to optimize patient outcomes and operational efficiency. Visitors can expect compelling demonstrations highlighting the robust capabilities and proven successes these vendors have achieved within Europe's most digitally advanced healthcare environments: About Black Book Market Research Black Book Market Research is a leading global independent research firm providing unbiased, client-driven evaluations of healthcare technology and services. Black Book rankings are based entirely on user feedback and customer satisfaction data, offering strategic insights to healthcare providers, payers, vendors, and investors. For more information, visit Contact InformationPress Office 8008637590 SOURCE: Black Book Research press release
