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United States EHR Cloud Computing Market Size (2024 - 2029)

The United States EHR Cloud Computing Market is experiencing significant growth driven by the digitalization of healthcare, the integration of advanced technologies, and the increasing demand for cloud-based solutions. The market's expansion is further supported by the rising adoption of electronic health records, telehealth, and other healthcare IT solutions, accelerated by the COVID-19 pandemic. Despite challenges such as high costs and data security concerns, the market's potential is bolstered by the benefits of cloud computing, including scalability and cost efficiency. Opportunities for further growth are anticipated, particularly through mergers and acquisitions within the sector.

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Market Size of United States EHR Cloud Computing Industry

United States EHR Cloud Computing Market Overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 11.58 %
Market Concentration Medium

Major Players

United States EHR Cloud Computing Market Key Companies

*Disclaimer: Major Players sorted in no particular order

US EHR Cloud Computing Market Analysis

The United States EHR Cloud Computing Market is expected to register a CAGR of 11.58% over the forecast period from 2022 to 2027. The growing trend of digitalization of healthcare, the integration of advanced AI/ML algorithms, cloud deployment of healthcare systems, rising expenditure, inefficient facility management, and overburdened systems are creating a surge in demand for the Electronic Health Record cloud computing market.

  • The COVID-19 pandemic is expected to have an overall positive effect on the market. It has driven an increased understanding of the potential of cloud technologies, which provide data storage and computing resources managed by external service providers to help enhance EHR's safety, quality, and efficiency.
  • Cloud computing in healthcare has carried a huge shift in the creation, storage, consumption, and sharing of medical data. The development of the healthcare cloud computing market is mainly driven by factors such as the growing adoption of EHR, e-prescribing, telehealth, mHealth, and other healthcare IT solutions due to COVID-19.
  • The rise in the adoption of EHR increased the use of cloud-based EHR software, the rapid surge in the aging population, and the subsequent rise in the number of chronic diseases drive the market growth in the United States. Moreover, the increase in adoption of big data analytics, IoT, and wearable devices, and increased cloud deployment in the healthcare sector due to the benefits such as scalability of data, flexibility, increased storage, and cost efficiency of cloud is driving the cloud-based EHR market.
  • However, the high cost of EHR and increased concerns regarding patient data safety & security are expected to impede the market growth. Moreover, the huge market potential in the United States is expected to offer further opportunities for market growth during the forecast period.
  • Increasing number of mergers and acquisitions to boost the market growth. In December 2021, Oracle announced the acquisition of EHR vendor Cerner. The acquisition will help medical professionals with a new generation of easier-to-use cloud-based tools that enable access to information via a hands-free voice interface to secure cloud applications.

US EHR Cloud Computing Industry Segmentation

As per the scope of this report, the EHR cloud computing has been defined as the practice of using remote servers instead of local servers or networks to store, manage, and process data. Therefore, the use of the cloud moves the data center infrastructure outside of the organization. This report analyzes and discusses the market for cloud computing in the healthcare sector in the United States.

The United States EHR Cloud Computing Market is segmented by Deployment (Private Cloud, Hybrid Cloud, Public Cloud), Service (Software-as-a-Service (SaaS), Infrastructure-as-a-Service (IaaS), and Platform-as-a-Service (PaaS)) and End-User Applications (Hospital, Clinics, and Specialty center).

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United States EHR Cloud Computing Market Size Summary

The United States EHR Cloud Computing Market is experiencing significant growth, driven by the increasing digitalization of healthcare and the integration of advanced technologies such as AI and machine learning. The shift towards cloud-based systems is fueled by the need for efficient data management and the ability to handle the rising demands of an aging population with chronic diseases. The COVID-19 pandemic has accelerated this trend, highlighting the benefits of cloud technologies in enhancing the safety, quality, and efficiency of electronic health records. The market is further bolstered by the adoption of telehealth, mHealth, and other healthcare IT solutions, which have become more prevalent due to the pandemic. Despite challenges such as high costs and concerns over data security, the market presents substantial opportunities for growth, supported by government initiatives and investments in cloud-based healthcare systems.

The competitive landscape of the United States EHR Cloud Computing Market is marked by strategic partnerships, mergers, and acquisitions among major players like Epic Systems Corporation, NextGen Healthcare, Inc., and Cerner Corporation (Oracle). These companies are expanding their market presence through collaborations and technological innovations, such as Microsoft's acquisition of Nuance Communications Inc. and Amazon Web Services' launch of AWS for Health. These developments aim to enhance data security, improve care delivery, and streamline healthcare operations. However, interoperability challenges due to lack of standardization in cloud APIs and interfaces remain a significant hurdle. The market's growth is further supported by initiatives like the U.S. Defense Health Agency's transition to a new enterprise EHR platform and the establishment of programs to strengthen public health informatics.

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United States EHR Cloud Computing Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Global Industrial Automation Software Market Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitutes

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Acute EHR

      2. 2.1.2 Ambulatory EHR

      3. 2.1.3 Post-acute EHR

    2. 2.2 By Deployment

      1. 2.2.1 Cloud-Based Software

      2. 2.2.2 Server-Based/ On-Premise Software

    3. 2.3 By Service

      1. 2.3.1 Software-as-a-Service (SaaS)

      2. 2.3.2 Infrastructure-as-a-Service (IaaS)

      3. 2.3.3 Platform-as-a-Service (PaaS)

    4. 2.4 By End-User Applications

      1. 2.4.1 Hospital

      2. 2.4.2 Clinics

      3. 2.4.3 Specialty Centers

      4. 2.4.4 Other End Users

United States EHR Cloud Computing Market Size FAQs

The United States EHR Cloud Computing Market is projected to register a CAGR of 11.58% during the forecast period (2024-2029)

Epic Systems Corporation, NextGen Healthcare, Inc., Cerner Corporation (Oracle), Allscripts Healthcare, LLC and Medical Information Technology, Inc. are the major companies operating in the United States EHR Cloud Computing Market.

United States EHR Cloud Computing Report Snapshots

United States EHR Cloud Computing Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)