GITNUX MARKETDATA REPORT 2024

The Most Surprising EHR Industry Statistics in 2024

With sources from: grandviewresearch.com, cdc.gov, fortunebusinessinsights.com, marketsandmarkets.com and many more

In this post, we will explore key statistics that shed light on the ever-evolving landscape of the EHR industry. From cost savings and market growth projections to the impact on healthcare delivery and challenges faced, these data points offer valuable insights into the current state and future trends of electronic health records.

Statistic 1

"The cost savings from reducing paper records and improving efficiency with EHR implementation can be around $37,000 per year for each full-time employee."

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Statistic 2

"The EHR industry in the Asia Pacific is expected to grow at the highest CAGR of 7.8% during the forecast period."

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Statistic 3

"Approximately 29% of hospitals in the U.S. had a basic EHR system in 2011, compared to 96% in 2019."

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Statistic 4

"The average cost of an EHR system for a small clinic is about $33,000 upfront, with annual costs around $4,000."

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Statistic 5

"About 91% of hospitals have certified EHR technology as of 2017."

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Statistic 6

"EHR solutions reduce the incidence of duplicate testing by 11%."

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Statistic 7

"Global EHR spending in the healthcare industry reached $31.5 billion in 2021."

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Statistic 8

"The global EHR market is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2021 to 2028."

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Statistic 9

"The meaningful use of an EHR system aided in improving care quality by 18% in some cases."

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Statistic 10

"The market for cloud-based EHR solutions is projected to grow faster than the market for on-premise solutions."

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Statistic 11

"During the COVID-19 pandemic, the use of telehealth integrated with EHRs increased by 50%."

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Statistic 12

"North America held the largest market share of over 42% in the global EHR market in 2020."

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Statistic 13

"The EHR industry is facing challenges with interoperability, cited by 24% of healthcare providers as a significant issue."

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Statistic 14

"74% of providers said their EHR enabled them to deliver better patient care."

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Statistic 15

"The global EHR market size was valued at approximately $27.2 billion in 2020."

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Statistic 16

"Three out of four physicians believe that the EHR has improved patient care."

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Statistic 17

"In 2020, Cerner (Oracle Cerner) and Epic Systems were the top two EHR vendors in the US hospital market."

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Statistic 18

"The use of EHRs in US ambulatory practices increased from 42% in 2008 to 86% in 2017."

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Statistic 19

"The adoption of EHR systems by office-based physicians in the US was around 85.9% in 2018."

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Statistic 20

"The global rate of EHR adoption in primary care practices is projected to reach 80% by 2025."

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Interpretation

In conclusion, the statistics show the significant impact and growth potential of the EHR industry worldwide. The implementation of EHR systems not only brings cost savings and efficiency improvements but also contributes to enhancing patient care quality and reducing duplicate testing. With a rising trend in adoption rates and market size, coupled with the increasing demand for cloud-based solutions and integration with telehealth during the pandemic, the EHR industry is poised for continuous expansion and innovation in the coming years. Despite facing challenges such as interoperability issues, the overall consensus among healthcare providers is positive, with a majority reporting improved patient care outcomes.

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