Cooperation between Governments and Service Providers to Support Electronic Health Records Market Growth in Europe, Says Fact.MR

Electronic Health Records

The Europe electronic health records market is projected to expand at 4.5% CAGR to be valued at US$ 10.5 billion by 2032-end. The market registered a historical CAGR of 3% during the 2017-2021 period, according to a recent analysis done by Fact.MR, market research and competitive intelligence provider.

Electronic health record solution providers are undertaking mergers and acquisitions to bring in market-efficient infrastructure. This infrastructure is likely to improve the implementation of timelines, provide evidence-based guidelines to support clinical protocols, and improve connectivity. Along with this, rising government initiatives to encourage the use of IT in healthcare are a key driver for the market.

The introduction of technologically-advanced healthcare services will also bolster market growth over the coming years. Along with this, the Digital Single Market Strategy by the EU allows businesses and consumers access to online services, laying down the necessary conditions for the growth of digital networks and maximizing growth potential in the European economy.

Key Takeaways from Market Study

  • The Europe electronic health records market is valued at US$ 6.7 billion and is projected to reach US$ 10.5 billion by the end of 2032.
  • During the years 2017-2021, the electronic health records market in Europe witnessed a 3% CAGR.
  • Under the solution segment, EHR software dominates the market by holding a 63.6% share.
  • Hospitals lead the market with a 29.1% share and are projected to rise at a 4.9% CAGR over the assessment period.
  • Germany holds a 19.9% market share and is projected to rise at 4.9% CAGR during the forecast years.
  • Together, Germany, and France are likely to represent 37.3% of the overall market share in 2022.

“Rising number of specialty and super-specialty hospitals along with ambulatory care centers providing convenience to patients is anticipated to drive demand for electronic health record solutions over the coming years,” says a Fact.MR analyst.

Development of Market

Key providers of electronic health record solutions in Europe are investing their resources and emphasizing capacity building and incorporating technological advancements to leverage the opportunities in the market.

Market players are also looking at acquisitions to gain a larger share of the overall market pie. Advanced features and newer additions are aiding market development in Europe.

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the Europe electronic health records market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights by solution (EHR software (cloud-based EHR, on-premise EHR), services (consulting, implementation, support & maintenance)) and end-use (hospitals, specialty clinics, ambulatory surgical centers, diagnostic labs, others), across major countries of Europe (Germany, Italy, France, Spain, U.K., NORDICS, BENELUX, and the Rest of Europe)

Fact.MR’s Domain Knowledge in Technology Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned technology team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over a thousand reports and 1 Billion-plus data points, the team has analyzed the technology division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the Analyst.

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