Electronic Health Records Industry Analysis in Europe
Study on Electronic Health Records in Europe by Acute, Ambulatory, and Post-acute for Hospitals, Diagnostic Labs, Specialty Clinics, and Ambulatory Surgical Centers from 2024 to 2034
Analysis of Electronic Health Records Industry Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electronic Health Record Solutions Demand Outlook for Europe (2024 to 2034)
As stated in the recently updated study by Fact.MR, the market for electronic health records (EHR) in Europe is projected to reach US$ 2.37 billion in 2024. Revenue from electronic health record solutions in the region is forecasted to increase at a CAGR of 4.3% to reach US$ 3.94 billion by the end of 2034.
This regional market is expanding steadily owing to the increasing application of EHR solutions to promote the interoperability of health records. This is mainly due to several related recommendations given by the European Commission. Increasing efforts taken to reduce regulatory and administrative burdens are also complementing market growth.
Rising use of EHR solutions in hospitals, specialty clinics, ambulatory surgical centers, and other health centers is opening new doors for regional market players. Constant technological advancements are taking place to improve the effectiveness of EHR solutions. These solutions ensure the instant availability of case-specific health information, which is exchanged through unified networks.
| Report Attribute | Detail |
|---|---|
| Electronic Health Record Demand in Europe (2024E) | US$ 2.37 Billion |
| Projected Market Value (2034F) | US$ 3.94 Billion |
| Demand Growth (2024 to 2034) | 4.3% CAGR |
| Revenue from EHR Software (2024E) | US$ 1.66 Billion |
| Market Share of Hospitals (2034F) | 28% |
| Market Value in Germany (2024E) | US$ 565.8 Million |
| Sales in United Kingdom (2034F) | US$ 871.7 Million |
| Key Companies Profiled | ChipSoft B.V.; Agfa-Gevaert Group; Epic Systems Corporation; Cambio; Medasys; Cerner Corporation; InterSystems Corporation; DXC Technology Company; Allscripts Healthcare, LLC. |
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What is Contributing to Growing Demand for Electronic Health Record Solutions in Europe?
“Rising Recommendations on Adoption of EHR Solutions and X e-Health Projects”
The European Commission has recommended the use of an EHR exchange format for facilitating cross-border interoperability. This ensures a secure exchange and access to health data for European citizens irrespective of their location in the region. The software also enables end users to share health data with their healthcare professionals as per the requirements. Stakeholders, such as healthcare professional organizations, national competence centers, patient groups, national authorities, and others are engaged more in the use of these solutions. The idea of electronic health records helps in developing a workable, cross-border, and interoperable exchange format for offering advanced healthcare facilities.
“Increasing Requirements for Streamlining & Centralizing Workflow in the Healthcare Sector”
Growing need for centralizing and streamlining healthcare administration is contributing to the widespread application of electronic health record systems. Market players are focusing on offering a value-based model for standardizing procedures, reducing costs, improving patient care, and streamlining operations through centralizing health information management.
What Challenges are Regional Market Players Grappling With?
“Higher Prices Related to Implementation and Maintenance of EHR Solutions”
Despite the presence of several reasons contributing to the rising demand for electronic health records in the European region, certain issues, such as monetary aspects are limiting their adoption. The cost associated with the implementation and maintenance of EHR is comparatively higher, which is adversely impacting their demand.
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Country-wise Insights
Why is Germany Attracting a Large Number of EHR System Providers?
“Introduction of ePA Considered New Revolution in Germany’s Digital Healthcare Infrastructure”
| Attribute | Germany |
|---|---|
| Market Value (2024E) | US$ 565.8 Million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 958.5 Million |
Germany is approximated to occupy a share of 24.3% of the market in Europe by 2034. Introduction of ePA (elektronische Patientenakte) in the country has resulted in the digital project wave. Through this new solution, more people are offered online access to electronic health records. Comprehensive digital connectivity is ensured with the use of electronic health record systems between service providers and patients. ePA is closely embedded in the digital backbone of Germany for sharing health data, which is the country’s so-called telematics infrastructure.
Will the United Kingdom Be a Lucrative Market for EHR Service Providers?
“Well-established Healthcare Infrastructure Aiding Popularity of EHR Systems”
| Attribute | United Kingdom |
|---|---|
| Market Value (2024E) | US$ 459.2 Million |
| Growth Rate (2024 to 2034) | 6.6% CAGR |
| Projected Value (2034F) | US$ 871.7 Million |
The United Kingdom is evaluated to account for a 22.1% share of regional market revenue by the end of 2034. The presence of a well-developed IT sector, increasing requirements for digitalization in the healthcare industry, and a growing number of hospitals are contributing to the rising deployment of electronic health record systems.
Category-wise Insights
Which Solution Will Bring in Higher Revenue Streams?
“Growing Preference for EHR Software for Easy Installation Process and Economic Handling Cost Compared to Solutions”
| Attribute | EHR Software |
|---|---|
| Segment Value (2024E) | US$ 1.66 Billion |
| Growth Rate (2024 to 2034) | 4.1% CAGR |
| Projected Value (2034F) | US$ 2.48 Billion |
As per the recently updated report by Fact.MR, a market research and competitive intelligence provider, EHR software is forecasted to capture a share of 63% of the regional market by the end of 2034. An online software implementation on the cloud along with its hosting on several in-house servers is made accessible to more patients with the use of electronic health record systems.
In addition, the growing prominence of cloud-based EHR is because of their minimal requirements for any support. In addition, the procedure of installing these services is comparatively easy. EHR software also helps in minimizing the burden of some additional prices, which are otherwise spent on hardware maintenance.
Which End User is the Target Segment for Most Market Players?
“Hospitals Main Users of EHR across Europe”
| Attribute | Hospitals |
|---|---|
| Segment Value (2024E) | US$ 757.5 Million |
| Growth Rate (2024 to 2034) | 3.8% CAGR |
| Projected Value (2034F) | US$ 1.1% Billion |
Hospitals are projected to possess 28% share of the market in Europe by 2034-end. An increasing count of super-specialty and multi-specialty hospitals in the region with their growing adoption of electronic medical and health records is positively impacting market dynamics. A growing count of initiatives taken by service providers to offer more advanced services in hospitals is also augmenting regional market growth.
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Competition Landscape
Prominent service providers of electronic health records in Europe are incorporating advancements in software. They are coming with artificial intelligence features in software used in maintaining electronic health records.
For instance :
- InterSystems Corporation, in 2022, launched InterSystem HealthShare Health Connect Cloud, a novel PaaS (platform-as-a-service) platform. This will help streamline data integration and interoperability between clinical systems and applications.
- Cerner Corporation, in 2020, launched an EHR platform based on the cloud and finds applications for critical access (CAHs) and rural hospitals for reducing costs related to conventional electronic health record systems.
Fact.MR provides detailed information about the price points of leading companies offering electronic health record solutions positioned in Europe, sales growth, production capacity, and speculative technological expansion, in this recently updated market report.
Segmentation of Electronic Health Records Study in Europe
-
By Type :
- Acute
- Ambulatory
- Post-acute
-
By Product :
- Client-server-based
- Web-based
-
By Solution :
- EHR Software
- Cloud-based
- On-premise
- Services
- Consulting
- Support & Maintenance
- Implementation & Integration
- EHR Software
-
By End User :
- Hospitals
- Diagnostic Labs
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
-
By Region/Country :
- Western Europe
- Germany
- Italy
- The United Kingdom
- Spain
- BENELUX
- Nordic
- France
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Hungary
- Balkan & Baltics
- Rest of Eastern Europe
- Western Europe
- FAQs -
How big is the market for electronic health records in Europe?
The market for electronic health records in Europe is evaluated ay US$ 2.37 billion in 2024.
What is the demand outlook for electronic health records for 2034?
Revenue from electronic health record solutions is forecasted to reach US$ 3.94 billion by 2034.
At what rate is the demand for electronic health record solutions evaluated to increase?
The European market is forecasted to expand at a CAGR of 4.3% from 2024 to 2034.
How much share of the market is Germany projected to capture?
Germany is projected to hold 24.3% share of the European market by 2034.
What is the demand value of electronic health record software?
Demand for electronic health record software in Europe is analyzed to reach a market value of US$ 1.46 billion by 2034.
At what CAGR is the market analyzed to accelerate in the United Kingdom?
The market in the United Kingdom is calculated to expand at 6.6% CAGR through 2034.
Who are the key market players in Europe?
ChipSoft B.V., Agfa-Gevaert Group, Cambio, Medasys, and Cerner Corporation are some of the leading market players in Europe.
Electronic Health Records Industry Analysis in Europe