Europe Electronic Health Record (EHR) Market

Market Introduction

Electronic health record (EHR) is a digital version of patient’s medical records. EHRs are patient-centred and real-time records, that make patient data available instantly and securely to authorized healthcare professionals. It contains patient's medical history, medications, allergies, treatment plans, diagnoses, immunization dates, radiology images, and laboratory test results.

Thus, an increasing adoption of Electronic Health Records (EHRs) is expected to create a significant demand for electronic health record (EHR) in the coming years, which is further anticipated to drive the electronic health record (EHR) market.

The impact of the COVID-19 pandemic in the European region has slightly affected the healthcare industry. The healthcare IT sector also experienced negative effects in particular during the first COVID-19 wave. Supply chains were disrupted, slowed down and further stopped the production. Some of the healthcare IT companies operating in EHR market have witnessed revenue loss. For instance, Finland based TietoEVRY, in Quarter 4, 2020 witnessed a decline in overall revenues by 8.5% (versus Quarter 42019) due to the impact of COVID-19. The European countries such as Italy and Spain were the first to report drastically increasing numbers of COVID-positive patients. Perhaps other European countries such as the UK, France, and Germany have also significantly started reporting COVID positive patients. In this region, the healthcare industry is also making shifts to adopt new, safer hospital practices in response to Covid-19. Since physical contact and proximity present such risks, hospitals are turning to various digital tools to meet their care priorities, such as risk reduction and better resource utilization. For instance, Companies like Germany’s Klara are working to put these digital tools at the center of doctor-patient communication all across Europe. Therefore, it expected that the market for the electronic health record (EHR) would witness growth during the forecast period.

Market Overview and Dynamics

The Electronic health record (EHR) market in Europe is expected to grow from US$ 2,187.4 million in 2021 to US$ 3,167.6 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Health systems are experiencing growing consumer engagement worldwide. In developing countries, health systems are becoming more technologically friendly. These are experiencing an internationalization of care as established brands, as well as start-ups, are expanding their businesses. For instance, England-based start-up “Babylon”, which has designed a primary care diagnostic app powered by machine learning and AI, entered into China and Rwanda markets. Also, COVID-19 has accelerated the use of digital health technologies globally. The pandemic has prioritized remote monitoring solutions. Governments in the region are promoting telemedicine, offering lucrative opportunities for the patient portal market in coming years.

Key Market Segments

In terms of installation type, the cloud-based segment accounted for the largest share of the Europe electronic health record (EHR) market in 2020. In terms of type, the acute EHR segment accounted for the largest share of the Europe electronic health record (EHR) market in 2020. In terms of end user, the hospitals segment held a larger market share of the electronic health record (EHR) market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the electronic health record (EHR) market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cerner Corporation, COMPUTER PROGRAMS AND SYSTEMS, INC., Allscripts Healthcare Solutions, Inc., McKesson Corporation, Epic Systems Corporation., and NextGen Healthcare.

Reasons to buy report

• To understand the Europe electronic health record (EHR) market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe electronic health record (EHR) market
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• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe Electronic health record (EHR) market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

EUROPE ELECTRONIC HEALTH RECORD (EHR) MARKET SEGMENTATION

By Installation Type

• Cloud-Based
• On-Premise

By Type

• Acute EHR
• Ambulatory EHR
• Post-Acute HER

By End User

• Hospitals
• Diagnostic and Imaging Centers
• Ambulatory Care Centers
• Pharmacies
• Other

By Country

• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe

Companies Mentioned

1. Cerner Corporation
2. COMPUTER PROGRAMS AND SYSTEMS, INC.
3. Allscripts Healthcare Solutions, Inc.
4. McKesson Corporation
5. Epic Systems Corporation.
6. NextGen Healthcare

Europe Electronic Health Record (EHR) Market Strategic Insights

Europe Electronic Health Record (EHR) Market Segmentation Analysis

Europe Electronic Health Record (EHR) Market Report Highlights

Europe Electronic Health Record (EHR) Report Scope

Europe Electronic Health Record (EHR) Market Country and Regional Insights