The Business Research Company’s report on the AI-Enhanced Electronic Health Records (EHRs) Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the ai-enhanced electronic health records (ehrs) industry?
The high prevalence of chronic diseases is expected to propel the growth of the AI-enhanced electronic health records (EHRs) market going forward. Chronic diseases are long-lasting, slow-progressing health conditions that often persist for a lifetime and cannot be fully cured but can be managed through treatment, lifestyle changes, and ongoing medical care. Chronic diseases are increasing due to aging populations, unhealthy lifestyles, urbanization, environmental factors, and limited access to preventive healthcare. AI-enhanced electronic health records (EHRs) are used for chronic diseases by enabling early detection, personalized treatment plans, predictive analytics for disease progression, continuous monitoring, and automating administrative tasks, all of which improve care management and patient outcomes for chronic conditions. For instance, in June 2024, according to the Australian Institute of Health and Welfare, an Australia-based government agency, a rise from the 155,837 fatalities reported in 2021 to 171,500 deaths in 2022 was noted, with chronic illnesses listed as an underlying or related cause of death. Therefore, the high prevalence of chronic diseases is driving the growth of the AI-enhanced electronic health records (EHRs) market.
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What is the estimated market size of the ai-enhanced electronic health records (ehrs) sector by 2029, based on current forecasts?
The AI-enhanced electronic health records (EHRs) market size has grown exponentially in recent years. It will grow from $7.33 billion in 2024 to $9.60 billion in 2025 at a compound annual growth rate (CAGR) of 31.0%. The growth in the historic period can be attributed to the growing use of telemedicine, increased demand for clinical decision support, rising focus on personalized medicine, growing healthcare data volumes, and rising demand for automation in clinical workflows.
The AI-enhanced electronic health records (EHRs) market size is expected to see exponential growth in the next few years. It will grow to $28.09 billion in 2029 at a compound annual growth rate (CAGR) of 30.8%. The growth in the forecast period can be attributed to increased use of voice recognition, a surge in big data analytics and predictive modeling, advancements in machine learning algorithms, a shift towards value-based care models, and regulatory support. Major trends in the forecast period include improved integration of wearables, enhanced population health management, increasing focus on patient-centric care models, enhanced interoperability and data sharing capabilities, and integration of predictive analytics for risk assessment.
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#Who are the top players in the ai-enhanced electronic health records (ehrs) market?
Major companies operating in the AI-enhanced electronic health records (ehrs) market are UnitedHealth Group, McKesson Corporation, Oracle Corporation, GE HealthCare Technologies, Philips Healthcare, Epic Systems Corporation, Athenahealth Inc., InterSystems Corporation, CitiusTech Inc., eClinicalWorks, Veradigm Inc., Netsmart Technologies Inc., Medical Information Technology Inc., Merative L.P., PointClickCare, Health Catalyst Inc., Chartis Group LLC, WellSky Corp., AdvancedMD Inc., CureMD Healthcare, ClearDATA Networks Inc., Practice Fusion Inc., NextGen Healthcare Inc., Qventus Inc., Medisolv Inc.
#What are the major trends in the ai-enhanced electronic health records (ehrs) market?
Major companies operating in the AI-enhanced electronic health records (EHRs) market are focused on developing innovative solutions, such as advanced generative AI, to improve data interoperability, enhance patient engagement, streamline administrative processes, and enable personalized treatment plans, ultimately aiming to transform the healthcare landscape and deliver better patient outcomes. Advanced generative AI refers to sophisticated artificial intelligence systems that can create new content, such as text, images, and music, by learning patterns and structures from existing data. For instance, in July 2024, PicnicHealth, a US-based health technology company, launched the PicnicAI technology, which is designed to unlock the Universal Patient Record. This innovative platform is designed to extract meaningful insights from vast amounts of unstructured medical data, enhancing the understanding of patient outcomes and treatment effectiveness. Its unique features include its ability to streamline data extraction processes, allowing for faster and more accurate analysis, and its integration with diverse healthcare systems to ensure comprehensive data collection.
Which geography holds the highest ai-enhanced electronic health records (ehrs) market share?
North America was the largest region in the AI-enhanced electronic health records (EHRs) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the AI-enhanced electronic health records (ehrs) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the ai-enhanced electronic health records (ehrs) market?
The AI-enhanced electronic health records (ehrs) market covered in this report is segmented –
1) By Electronic Health Records (EHRs) Type: On-Premise Electronic Health Records Software, SaaS Electronic Health Records, Custom-Built Electronic Health Records
2) By Technology: Machine Learning, Deep Learning, Natural Language Processing (NLP)
3) By Application: Data Management And Organization, Data Analysis And Insights, Predictive Analytics, Virtual Medical Assistance, Clinical Decision Support, Other Applications
Subsegments:
1) By On-Premise Electronic Health Records Software: Enterprise EHR Solutions, Ambulatory EHR Solutions, Specialty-Specific EHR Systems, Integrated EHR-PACS Systems, Local Server-Based EHR Solutions
2) By SaaS Electronic Health Records: Cloud-Based EHR Platforms, Subscription-Based EHR Services, AI-Driven Clinical Decision Support Systems, Mobile-Optimized EHR Solutions, Interoperability-Focused EHRs
3) By Custom-Built Electronic Health Records: Modular EHR Solutions, AI-Powered Personalized EHR Systems, Blockchain-Enabled EHR Solutions, Hospital-Specific EHR Platforms, Hybrid EHR Infrastructure
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What defines the structure and scope of the ai-enhanced electronic health records (ehrs) market?
AI-enhanced electronic health records (EHRs) refer to digital healthcare systems that incorporate artificial intelligence (AI) technologies to improve the management, analysis, and utilization of patient health data. These systems are designed to streamline healthcare processes, assist clinicians with decision-making, and provide personalized patient care through AI-driven insights.
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