Electronic health records market to rise at 17.6% CAGR through 2028

Hospitals and clinics are adopting these systems to reduce paperwork and focus on patient care.

The global electronic health records (EHR) market is projected to grow by $54.7b through 2028 at an estimated compound annual growth rate (CAGR) of approximately 17.6%, said Technavio.

The sector’s expansion is attributed to the increased adoption of EHRs, driven by their benefits, alongside notable growth in healthcare digitalisation and the trend of an ageing population.

Although pricing and distribution remain challenges, the growing use of self-care and homecare medical devices is fuelling the need for better data collection and storage, thereby boosting market demand.

“In developing countries, limited healthcare access presents an opportunity for EHR vendors,” the report said.

Moreover, hospitals, clinics, rehabilitation centres, and ambulatory services are adopting these systems to reduce paperwork and enhance patient care, with the chronic disease and acute care segments being key users.