Electronic Health Records Market Size, Share & Trends Analysis growing at a CAGR of 4.54% from 2025 to 2030
The global veterinary infectious disease diagnostics market size was estimated at USD 33.43 billion in 2024 and is projected to reach USD 43.36 billion by 2030, growing at a CAGR of 4.54% from 2025 to 2030. Government initiatives to encourage healthcare IT usage is a key growth driver.
Key Market Trends & Insights
- The North America segment dominated the market with a revenue share of over 44% in 2024.
- The U.S. electronic health records industry held the largest share in 2024.
- By product, the cloud & web based EHR segment dominated the market with a revenue share of 83.40% in 2024.
- By end use, the hospital segment dominated the market with a revenue share of 52.93% in 2024.
- By business model, the professional services segment dominated the market with a revenue share of 32.34% in 2024.
Market Size & Forecast
- 2024 Market Size: USD 33.43 Billion
- 2030 Projected Market Size: USD 43.36 Billion
- CAGR (2025-2030): 4.54%
- North America: Largest market in 2024
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For instance, My Health Record is a national digital health record platform in Australia. Every Australian citizen has a “My Health Record” unless they have chosen not to have one. The agency claims that by the end of 2022, all healthcare providers in the country will be able to contribute to and use healthcare information available on the platform. Moreover, the introduction of technologically advanced healthcare services is also expected to drive the electronic health record (EHR) industry growth. In addition, the integration of artificial intelligence into EHR systems fuels market growth further.
The spread of COVID-19 has put a lot of pressure on healthcare organizations since the beginning of 2020. The pandemic has negatively impacted the revenue of major market players due to a decline in new business bookings as certain client purchasing decisions and projects were delayed to focus on treating patients, procuring necessary medical supplies, and managing their organizations through this crisis. Also, companies such as Allscripts experienced delays in deals with upfront software revenue and professional services implementations across their outpatient and inpatient bases.
New expansion activities, product approvals, product launches, partnerships, and acquisitions have positively impacted the EHR market in post COVID-19 pandemic. Furthermore, there has been a significant increase in the demand for electronic health records due to the growing digitalization, which in turn is fueling the market growth.
Rising demand for centralization & streamlining of healthcare administration is also anticipated to drive the market growth. Centralization of health information management is driven by a value-based model that aims at streamlining operations, standardizing processes, reduction of costs, and improving the quality of care, which results in patient satisfaction. For instance,in March 2022, Google Health collaborated with MEDITECH with an aim to use its search & summarization capabilities within MEDITECH’s Expanse EHR platform to help clinicians provide the best care via easy and quick access to information from multiple sources.
