Europe Electronic Health Records Market Analysis

Europe Electronic Health Records Market Analysis

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The Europe Electronic Health Record (EHR) market size was valued at $5.37 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 2.74% from 2022 to 2030 and will reach $6.67 Bn in 2030. Europe's EHR market will grow due to healthcare professionals and patients can benefit from ambulatory care facilities through EHR. The key market players are Siemens Healthineers, Cerner, Allgeier, CompuGroup Medical, and others.

ID: IN10EUDH008 CATEGORY: Digital Health GEOGRAPHY: Europe AUTHOR: Chandani Patel

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Europe Electronic Health Record (EHR) Market Executive Summary

The Europe Electronic Health Record market size was valued at $5.37 Bn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 2.74% from 2022 to 2030 and will reach $6.67 Bn in 2030. According to the World Health Organization (WHO), the total health expenditure in Europe as a percentage of gross domestic product (GDP) ranges from around 6% in some Eastern European countries to over 12% in countries such as France and Germany. Overall, the average health expenditure as a percentage of GDP for the WHO European Region is around 9%. A patient's medical records are stored digitally in an electronic health record (EHR). EHRs are patient-centered, real-time records that make authorized healthcare practitioners quickly and securely accessible to patient information. It includes information about the patient's medical history, prescriptions, allergies, treatment plans, diagnoses, immunization dates, radiological pictures, and outcomes of laboratory tests.

A patient's medical records are stored digitally in an electronic health record (EHR). EHRs are patient-centered, real-time records that make authorized healthcare practitioners quickly and securely accessible to patient information. It includes information about the patient's medical history, prescriptions, allergies, treatment plans, diagnoses, immunization dates, radiological pictures, and outcomes of laboratory tests.

As a result, a large increase in the adoption of electronic health records (EHRs) is anticipated to lead to a major increase in demand for EHRs in the upcoming years, which is further anticipated to propel the EHR market.


Market Dynamics

Market Growth Drivers

Europe’s EHR market is expanding because hospitals produce so much medical data, and it is less expensive to deploy electronic health records in hospitals than in ambulatory care clinics. Additionally, they help huge hospitals save time, which further boosts the sector. The business is also predicted to expand as a result of small and midsized hospitals adopting electronic health records at a high rate due to factors including deployment simplicity.

Healthcare professionals and patients can benefit from ambulatory care facilities. The expanding number of ambulatory care facilities in developed and developing countries is expected to drive the sector. Within ambulatory care facilities, major ambulatory care centers use electronic health records more frequently than small ones. This is because ambulatory care facilities have higher installation costs for electronic health records, and large-scale institutions may more easily access capital investments and handle productivity difficulties.

Market Restraints

Healthcare providers might be discouraged from implementing EHRs due to the lack of standardization in the European EHR industry. The significant initial costs associated with establishing an EHR system may make it challenging for some healthcare providers. It may be difficult to establish and maintain an EHR system in Europe due to the country's poor IT infrastructure. Concerns exist regarding the security and privacy of electronic health information.

Competitive Landscape

Key Players

  • Siemens Healthineers
  • Cerner
  • Allgeier
  • CompuGroup Medical
  • Agfa HealthCare
  • T-Systems
  • Medatixx
  • medavis
  • Arvato Systems
  • CompuGroup Medical

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

In Germany, The German Data Protection Act (BDSG): This act regulates the processing of personal data and applies to the handling of personal information in EHRs. The German Telemedicine Act (TelemedG); This act regulates the use of telemedicine, including the use of EHRs in telemedicine. The German Social Code, Book V (SGB V); This act regulates the statutory health insurance system in Europe and includes provisions on the use of EHRs in the healthcare system. The German Medicines Act (AMG); This act regulates the marketing and distribution of medicinal products and includes provisions for the use of EHRs in the pharmaceutical industry.The German Medical Devices Act (MPG); This act regulates the marketing and distribution of medical devices and includes provisions for the use of EHRs in the medical device industry. The German Medical Association (BÄK) and the German Federal Chamber of Physicians (Bundesärztekammer) also have guidelines and recommendations for the use of EHRs in the German healthcare system.

In Italy, electronic health records (EHRs) are regulated by the Ministry of Health and the National Institute of Health. The Italian government has implemented several initiatives to promote the adoption of EHRs in the healthcare sector, including the creation of a national health information system and the creation of a national system of digital prescriptions. The government also incentivizes the use of EHRs by allowing the reimbursement of certain medical expenses to those who use them. In order to ensure the security and privacy of patient data, the Ministry of Health has established strict guidelines for the handling and storage of EHRs. This includes requirements for data encryption, regular security audits of EHR systems, and the need for healthcare providers to obtain patient consent for the use of EHRs. In addition, healthcare providers must comply with the Italian Data Protection Act (Codice in materia di protezione dei dati personali), which regulates the use of EHRs.

In 2002, the UK government launched the development of the National Programme for Information Technology (NPfIT) NHS Care Records Service, which was intended to deliver an electronic health records system containing patient records from across the UK. There were problems with poor user requirements analysis, the failure to address patient confidentiality, overambitious timescales, and enormous cost overruns. It was eventually closed down in 2011 as part of the dismantling of the NPfIT program.

1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company Overview Product Applications and Services Recent Developments Partnerships Ecosystem Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Electronic Health Records Market Segmentation

By Product (Revenue, USD Billion):

Web-based and cloud-based software is more affordable since it saves on additional costs like license fees, regular upgrades, and device upkeep. Additionally, it reduces the need for IT workers because SaaS providers help with software installation, configuration, testing, operation, and upgrades. The cost-effectiveness of cloud-based EHR systems in small healthcare organizations will therefore fuel developments as well as the expansion of the category. MHealth services

  • Web/Cloud-based EHR software
  • On-premise EHR software

By Application Type (Revenue, USD Billion):

Large amounts of patient health data may be stored and processed by EHRs, which aids doctors in automating both financial and operational operations with rapid and simple access. Therefore, integrated EHR and practice management software navigates all tasks, making it easier for front-line healthcare providers to do their jobs, and will therefore drive the segment's revenue during the anticipated time period.

  • E-prescription
  • Practice management
  • Referral management
  • Patient management
  • Population health management

By End User (Revenue, USD Billion):

By 2027, the category of ambulatory surgical centres is expected to rise at a 7.1% annual rate. The acceptance of EHR in these facilities will be fueled by ambulatory surgical centres' growing preference for digital technologies to efficiently manage workflow. These are outpatient facilities offering planned surgeries and same-day surgical services.

  • Hospitals
  • Specialty centers
  • Clinics
  • Ambulatory surgical centers
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

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Last updated on: 23 April 2024
Updated by: Bhanu Pratap Singh

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