Market Size
Global AI-Enhanced Electronic Health Records (EHRs) Market reached US$ 5.3 billion in 2023 and is expected to reach US$ 37.5 billion by 2031, growing at a CAGR of 28.8% during the forecast period 2024-2031.
AI provides advanced methodologies for interpreting EHR-integrated PGHD, including predictive analytics, machine learning, and deep learning, and other complex analyses. Healthcare companies can enhance patient outcomes and satisfaction, improve diagnosis, and provide more proactive, customized treatment by utilizing AI-driven insights and patient data.
Based on patient information and medical history, AI-powered EHR systems enable doctors to identify health concerns, predict hospitalizations, and detect diseases early. By extracting insights from X-rays, scans, and other radiology pictures, AI also aids in the early detection of medical disorders.
Market Scope
| Metrics | Details |
| CAGR | 28.8% |
| Market Size Available for Years | 2022-2031 |
| Estimation Forecast Period | 2024-2031 |
| Revenue Units | Value (US$ Mn) |
| Segments Covered | EHR Type, Technology, Application, End-Users, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Largest Region | North America |
| Fastest Growing Region | Asia-Pacific |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights. |
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Market Dynamics: Drivers & Restraints
Increasing adoption of advanced data analytics
Advanced data analytics helps healthcare providers evaluate patient data more effectively, resulting in better diagnoses and treatment strategies. Identifying variations and trends in health data allows clinicians to make more accurate decisions, ultimately improving patient outcomes.
AI-enhanced EHRs utilize predictive analytics to predict patient outcomes using previous data. This capacity enables medical professionals to detect high-risk patients, act early, and adapt treatment strategies, ultimately improving care quality.
Enhanced data analytics enables healthcare organizations to analyze data from multiple populations to detect health patterns, outbreaks of diseases, and opportunities for improvement. This promotes preventive care management and resource allocation, resulting in improved overall public health.
Data privacy and safety concerns
Large volumes of sensitive patient data must be handled during the AI integration procedure within EHRs. Organizations are hesitant to use AI technologies as a result of high-profile data breaches that may have negative effects on their reputation, finances, and legal standing. Patients' concerns over the privacy of their data are growing.
Market Segment Analysis
The global AI-enhanced electronic health records (EHRs) market is segmented based on EHR type, technology, application, end-users, and region.
The on-premise EHR Software segment is expected to dominate the market share
The on-premise EHR Software segment is expected to hold a significant portion of the market share. On-premise solutions allow healthcare companies to maintain direct control over their data. Because companies can establish their own security processes and safeguards, this might be especially attractive in considering data privacy and security concerns. A healthcare company's unique demands can be tailored to a great extent using on-premise EHR solutions.
The efficacy of AI applications can be increased by integrating AI tools that are customized to the company's workflows and procedures, made possible by this flexibility. A lot of healthcare providers prefer to remain with their legacy systems. For companies desiring to use AI without totally revamping their IT infrastructure, on-premise EHRs are a sensible option because they can frequently interact with current systems more readily than cloud-based alternatives.
Market Geographical Share
North America is expected to hold a significant position in the AI-enhanced electronic health records (EHRs) market share
North America is expected to hold a dominant position in the market share. The region has access to an extensive amount of healthcare data, which is critical for training AI algorithms. The availability of high-quality, structured data improves the performance of AI applications in EHRs.
The rising technological advancements in healthcare in the region and the presence of major players in the region are expected to hold the region in the market share. There is an increasing emphasis on improved patient outcomes in the region and lower healthcare expenses. AI-enhanced EHRs can help achieve these objectives by delivering superior data analytics, predictive modeling, and personalized treatment plans.
Market Segmentation
By EHR Type
- On-Premise EHR Software
- SaaS EHRs
- Custom-Built EHR
By Technology
- Machine Learning
- Deep Learning
- Natural Language Processing (NLP)
By Application
- Data Management and Organization
- Data Analysis and Insights
- Predictive Analytics
- Virtual Medical Assistance
- Clinical Decision Support
- Others
By End-User
- Hospitals
- Clinics
- Ambulatory surgical centers
- End-Users
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
Major Global Players
The major global players in the market include Epic Systems Corporation, Medical Information Technology, Inc., Microsoft, eClinicalWorks, Medical Information Technology, Inc., ScienceSoft USA Corporation, and Oracle among others.
Why Purchase the Report?
- To visualize the global AI-enhanced electronic health records (EHRs) market segmentation based on EHR type, technology, application, end-users, and region as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of AI-enhanced electronic health records (EHRs) market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global AI-enhanced electronic health records (EHRs) market report would provide approximately 53 tables, 47 figures, and 176 pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
