Europe Electronic Health Records Market

Europe Electronic Health Records Market Outlook (2022-2032)

The European electronic health records market is predicted to increase from a valuation of US$ 6.7 billion in 2022 to US$ 10.5 billion by the end of 2032, registering a steady CAGR of 4.5% during the forecast years of 2022-2032. As such, the market is poised to generate US$ 3.8 billion in terms of absolute dollar opportunity over the decade.

Report Attributes	Details
Europe EHR Market Size (2021A)	US$ 6.5 Billion
Estimated Market Value (2022E)	US$ 6.7 Billion
Forecasted Market Value (2032F)	US$ 10.5 Billion
Europe Market Growth Rate (2022-2032)	4.5% CAGR
Germany Market Share (2021)	~19.9%
Germany Growth Rate (2022-2032)	~4.9% CAGR
Market Share of Top 5 Companies	~75%
Key Companies Profiled	Epic Systems Corporation Cerner Corporation Allscripts Healthcare, LLC InterSystems Corporation ChipSoft B.V. DXC Technology Company Medasys Agfa-Gevaert Group Cambio

The market is likely to expand due to the rising application of electronic health record (EHR) solutions to promote the interoperability of health records across the European Union based on recommendations by the European Commission.

Demand Analysis of EHR Solutions in Europe (2017-2021) Vs. Market Forecasts (2022-2032)

Electronic health records are the collection of medical records of patients in digital format. EU citizens are provided with the right to cross-border access to personal health data to facilitate access and exchange of health data and to promote interoperability of electronic health records.

Furthermore, recommendations by the European Commission are aiding in the technical development and further exchange of electronic health data.

• Short Term (2022 Q2 to 2025): Efforts undertaken to reduce regulatory and administrative burdens are propelling the use of electronic health records.
• Medium Term (2025-2028): Rising application of EHRs in ambulatory surgical centres, hospitals, specialty clinics, etc., to be witnessed.
• Long Term (2028-2032): Technological advancements incorporated by prominent market players are anticipated to promote long-term market growth.

During the 2017-2021 historical years, the Europe electronic health record solutions market witnessed 3% CAGR and is projected to expand at 4.5% CAGR through the 2022-2032 forecast years.

What’s Driving Adoption of EHR Solutions in Europe?

“Recommendations on European EHR Exchange Format and X-eHealth Project”

The European Commission adopted a recommendation on the EHR exchange format to facilitate cross-border interoperability across the EU. This is likely to ensure that citizens securely access and exchange their health data wherever they are in the European Union, and can share their health data with healthcare professionals as and when the need arises. This process is likely to engage relevant stakeholders such as national competence centres, healthcare professional organizations, national authorities, patient groups, etc.

In addition, the idea of the X-eHealth project to develop a basis for a workable, interoperable, and cross-border exchange format is anticipated to advance the e-health sector in Europe. A common framework for laboratory results and medical imaging for flow across health entities between neighboring countries and EU member states will be in place.

“High Need to Streamline & Centralize Workflow in Healthcare Sector”

Rising demand for streamlining and centralizing healthcare administration is anticipated to propel the demand for electronic health records over the coming years. A value-based model aims toward standardizing processes, streamlining operations, reducing costs, and improving patient care via the centralization of health information management.

Product approvals, product launches, expansion activities, acquisitions, partnerships, etc., are likely to significantly impact the demand for electronic health records owing to rising digitalization, thereby fueling market growth.

What Might Hinder EHR Solution Usage in Europe to Some Extent?

“High Cost in Implementing and Maintaining EHRs”

Despite several factors supporting the growth of the European electronic health records (EHR) market across end-use applications, certain factors restrict the adoption of EHRs. For instance, one of the most prominent factors is the high cost associated with implementing and maintaining EHRs.

In addition, the dearth of IT support in healthcare services is also likely to hamper EHR market growth in Europe over the coming years.

Country-wise Insights

Which European Countries Lead EHR Demand Growth?

Germany's electronic health records market and France's electronic health records market hold 19.9% and 17.4% share, respectively, in Europe. These markets are projected to expand at 4.9% and 4.5% CAGRs over the assessment period.

The introduction of ePA in Germany has led to a new digital project wave, wherein, all people are provided with online access to personal electronic health records. The project is enabling comprehensive digital connectivity with the healthcare system of Germany between patients and service providers.

This ePA is embedded in Germany’s digital backbone for sharing health data, which is the so-called telematics infrastructure. With the use of ePA, patients will become familiar with access to their health data and play a larger role in managing their health.

In France, the implementation of a national, fully-interoperable electronic medical record system, as instructed by the National Health Insurance Fund, has been implemented across the healthcare sector.

Category-wise Insights

Will EHR Software Continue Leading Growth of the European Market?

Under solution, the Europe electronic health records market is segmented into EHR software and EHR services. The EHR software segment accounts for 63.6% share in the market and is projected to register 4.7% CAGR during the forecast years.

The online implementation of software on the cloud and the hosting of software on in-house servers to be accessible by patients will support segment growth. In addition, cloud-based EHRs do not require IT support and any other complex installation process, and reduce additional costs as well.

Thus, all these factors are poised to spur the adoption of EHR software in Europe over the years. The services segment holds 36.4% market share and is set to register 4.2% CAGR over the assessment period.

Which End Use should Electronic Health Record Solution Providers Target?

The European market for electronic health record services and solutions, under end user, is segmented into hospitals, ambulatory surgical centres, specialty clinics, diagnostic labs, and others.

Amongst them, hospitals hold 29.1% share in the European market and the segment is projected to outgrow other segments at 4.9% CAGR during the forecast years of 2022-2032.

In addition, the number of multi-specialty and super-specialty hospitals that are adopting electronic health and medical records is rising at a rapid pace. Rising number of EHR solutions providers for hospitals is likely to accelerate segmental growth as time goes by.

EHR usage in ambulatory surgical centres and specialty clinics is projected to rise at 4.6% and 4.2% CAGRs, respectively, during the forecast years.

Competitive Landscape

Key providers of electronic health record solutions in the European market are incorporating software technology advancements, wherein, they are introducing artificial intelligence for electronic health record software.

Along with this, rising research & developmental activities with constant innovations in technology are anticipated to support the Europe electronic medical records market growth over the coming years.

• InterSystems Corporation launched a new platform-as-a-service (PaaS) InterSystems HealthShare Health Connect Cloud in 2022, which will streamline interoperability and data integration between applications and clinical systems.
• Cerner Corporation launched a cloud-based EHR platform in 2020 for rural hospitals and CAHs (critical access), to reduce costs.

Fact.MR has provided detailed information about the price points of key providers of electronic health record solutions positioned across countries in Europe, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Europe Electronic Health Records Industry Survey

• Europe Electronic Health Records Market by Solution :

  • EHR Software
    • Cloud-Based EHRs
    • On-premises EHRs
  • EHR Services
    • Consulting
    • Implementation & Integration
    • Support & Maintenance

• Europe Electronic Health Records Market by End Use :

  • Hospitals
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Diagnostic Labs
  • Others

• Europe Electronic Health Records Market by Country :

  • Germany
  • Italy
  • France
  • Spain
  • U.K.
  • NORDICS
  • BENELUX
  • Rest of Europe