Ophthalmology EHR Market Size, Share & Trends Analysis Report By Product (Cloud-Based Software Server, On-Premise Software), By Type (Inpatient EHR, Ambulatory EHR), By End-User (Hospitals, Clinics, Specialty Centers, Academic and Research Institutes, Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Market Overview

The global ophthalmology EHR market was valued at USD 38.32 billion in 2023. It is estimated to reach USD 76.10 billion by 2032, growing at a CAGR of 7.91% during the forecast period (2024–2032). The market expansion is primarily attributed to the rapid development of the healthcare sector and the government's supportive efforts to enhance public health and the global medical landscape. The healthcare sector is experiencing a significant increase in digitalization, which is being further supported by favorable incentive programs and a continuous influx of grants. Moreover, the rising popularity of the American Recovery and Reinvestment Act for adopting electronic medical records (EMR) and fundraised by government bodies to promote the adoption of EHR are projected to boost the ophthalmology EHR market growth.

Highlights

• Cloud-based software server dominates the product market
• Inpatient EHR dominates the type segment
• Hospital dominates the end-user segment
• North America is the highest shareholder in the global market

An Electronic Health Record (EHR) is a computerized version of a patient's medical history kept up to date by the healthcare provider. It may contain all the important administrative and clinical data pertinent to the patient's care under a specific provider, such as demographics, problem notes, medications, and progress notes. Ophthalmologists have acted like lemmings regarding expiration bonuses for early adoption of electronic health records.

Ophthalmologists in private practice have a tendency to favor smaller EHR providers whose products can be easily customized to meet their unique requirements as professionals in an almost outpatient field that necessitates extensive image modification. Nonetheless, ophthalmologists employed by large multispecialty group practices and academic medical centers must utilize the EHR system that their organization has selected.

Market Dynamics

Global Ophthalmology EHR Market Drivers:

Rising Number of Medical Records

The number of patients is increasing along with the quantity of medical records, and managing such enormous volumes of data by hand is difficult. Nearly 9 out of 10 (88%) office-based physicians in the United States had adopted an electronic health record (EHR) as of 2021[2], and nearly 4 out of 5 (78%) had adopted a certified EHR. This pattern has been present since 2015. Therefore, ophthalmology electronic medical record software (EMR) is desperately needed to manage these expanding records globally.

Furthermore, the primary forces behind ophthalmology EHR market expansion are the growing prevalence of vision impairment worldwide, the volume of ophthalmic medical records, and the requirement to maintain such records. The adoption rate of EHRs by office-based physicians has increased from 42% to 88% since 2008. The percentage of office-based physicians who have adopted a certified EHR has risen from 74% to 78% since ONC and the CDC started tracking it in 2014.

Global Ophthalmology EHR Market Restraint:

High Cost and Complexity

An important impediment to the global ophthalmology EHR market is the intricacy and expenses linked to the setup and upkeep of these systems. As ophthalmology practices frequently have different needs from other medical specialties, they require EHR solutions that are specifically designed to meet their needs. For example, the average cost of implementing an EHR varies depending on the provider. The range is typically USD 50,000 to USD 500,000, contingent on the quantity of features and integrations. However, it can take many resources for vendors and healthcare providers to develop and implement such solutions.

Furthermore, there may be difficulties in integrating ophthalmology EHRs with the workflows and current systems in healthcare facilities, which could cause delays and productivity problems. As a result, the adoption of ophthalmology EHR systems may be hindered by the initial outlay of funds and continuing costs linked to their implementation and management, especially in smaller practices or those with fewer resources.

Global Ophthalmology EHR Market Opportunities:

Rising Digitization in Healthcare

The Ophthalmology Electronic Health Records (EHR) market is experiencing a significant shift in patient data management, workflow efficiency, and care delivery due to the growing digitization of healthcare. Ophthalmologists can access, record, and share patient data more easily with digital EHR systems, increasing accessibility and accuracy. Thanks to digital EHR platforms, patient records can be efficiently accessed from any location with internet connectivity. This improves the coordination of care between optometrists, ophthalmologists, and other medical professionals, resulting in more thorough and prompt patient care.

Moreover, ophthalmology-specific diagnostic tools like fundus cameras and optical coherence tomography (OCT) machines are becoming more and more integrated with EHR systems. Data-driven decision-making is made easier by this seamless integration, which enables the direct capture of diagnostic images and test results into the patient's electronic record. For example, in August 2023, the largest ambulatory cloud EHR, eClinicalWorks®, announced that Virginia Eye Institute (VEI) had successfully moved to eClinicalWorks and Healow solutions. VEI can use specific modules within the eClinicalWorks EHR, track inventory, and manage prescriptions more effectively with eClinicalWorks Vision Solutions.

Regional Analysis

Based on region, the global ophthalmology EHR market share is bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

North America Dominates the Global Market

North America is the most significant global ophthalmology EHR market shareholder and is expected to expand substantially during the forecast period. The region is expected to dominate due to high spending on research and development and government funding that encourages the meaningful use of certified EHR technology throughout healthcare facilities. The United States is anticipated to lead the regional market for ophthalmology EHR due to its high investment in cutting-edge healthcare facilities, enhanced infrastructure, and rising adoption of IT in the healthcare sector. As per a 2015 survey conducted by the Academy Committee on Medical Information Technology (MIT), an email was sent to 5,000 randomly selected American Academy of Practice and Academy members representing a sizable sample of practices.

Compared to 264 in the 2012 survey, 217 Academy and AAOE members participated in the current one. Compared to 43% in 2012, the majority of respondents (81%) had been using their EHR system for one or more years. 78% of participants in this survey said they were involved in choosing their EHR system, 51% said they had used one or more EHR systems in the past, and 94% said they had at least "average" technological skills.

Additionally, compared to 64% in the previous survey, 85% of respondents worked for physician-owned ophthalmology practices. Compared to the previous survey, 11% of respondents were employed by a hospital, health maintenance organization, or integrated delivery system; only 6% of respondents were employed by a university, medical school, or academic medical center. Moreover, the region's strong regulatory framework, high healthcare spending, and robust healthcare infrastructure all aid in market growth. The regional market for electronic health records in ophthalmology is expected to grow and progress further, with an emphasis on innovation and interoperability.

The European ophthalmology EHR industry is expanding steadily due to factors like growing patient data management demands, rising healthcare digitization, and advances in ophthalmic technology. Ophthalmology practices can benefit from specialized EHR solutions with features that are specifically designed to improve patient care, streamline clinical workflows, and increase diagnostic accuracy. For instance, Medesk provides an ophthalmology EHR solution known as Medesk EHR. The software provides features such as patient safety and adherence to EU data protection laws.

Moreover, the global market is expanding due to encouraging government initiatives, rising investments in healthcare IT infrastructure, and an emphasis on data security and privacy compliance. For instance, the European Commission (EC) released a definitive communication in April 2018 that included several pledges to advance digital transformation and a thorough summary of earlier initiatives to support the digitalization of health.

Segmental Analysis

The global ophthalmology EHR market is segmented by product, type, and end-user.

Based on the product, the global market for ophthalmology EHR is bifurcated into cloud-based software servers and on-premise software.

The cloud-based software server segment dominates the global market. Cloud-based software servers are bringing scalable, secure, and easily accessible solutions to Ophthalmology Electronic Health Records (EHR) systems, revolutionizing them. By storing patient data on distant servers, these servers remove the need for infrastructure on-site and provide easy access from any location with internet connectivity. Cloud-based Electronic Health Records (EHRs) in ophthalmology allow real-time clinician collaboration, optimize workflows, and support teleophthalmology initiatives.

Cloud-based software servers also provide strong disaster recovery and data backup systems to guarantee data integrity and continuity of care. Cloud-based servers give ophthalmologists confidence in patient privacy and confidentiality thanks to improved security measures and compliance with industry regulations like HIPAA. They also lower IT maintenance costs and increase overall efficiency.

Based on type, the global ophthalmology EHR market is bifurcated into inpatient EHR and ambulatory EHR.

The inpatient EHR segment owns the highest market share. Ophthalmology-specific inpatient Electronic Health Records (EHR) systems have completely changed how hospital settings handle eye care. Through seamless integration with larger hospital EHR systems, these specialized platforms give ophthalmologists access to comprehensive patient data, such as diagnostic imaging results, treatment plans, and medical histories. EHRs for inpatient ophthalmology help multidisciplinary teams coordinate care effectively, which makes timely interventions easier and lowers the possibility of treatment errors.

Furthermore, these systems frequently include visual acuity tracking, intraocular pressure monitoring, and surgical planning tools tailored to ophthalmic procedures. Inpatient electronic health records (EHRs) with integrated clinical decision support and diagnostic device interoperability improve workflow efficiency, improve patient safety, and help patients receiving ophthalmic care in hospital settings achieve better results.

Based on end-users, the global ophthalmology EHR market is bifurcated into hospitals, clinics, specialty centers, and others.

The ophthalmology EHR market, by end-user, is likely to be dominated by the hospitals segment. This is because, in larger healthcare facilities having ophthalmology departments, there is comprehensive adoption of EHR systems. Hospitals and clinics are thus heavily dependent on EHR solutions for better management of patients, improvement in clinical documentation for ophthalmic examinations and treatments, and enhanced operational efficiency in general. These settings, again, most commonly emphasize integrated health care management systems with specialized modules in Ophthalmology, expanding the comprehensive reach of care delivery and guaranteeing seamless coordination across departments within a healthcare organization.

Impact of covid-19

The pandemic had caused a lockdown in almost all the countries across the world backed up by strict government regulations such as social distancing and quarantine. A severe effect of the lockdown was observed on the economy of various countries which further canceled certain construction projects temporarily or permanently.

Further, immediate long-term effects were seen in the supply chain and the deployment of smart solutions required in the smart buildings. However, the ease offered and the multiple benefits of the smart building solutions are anticipated to increase the deployments during the time.

Recent Developments

• February 2024 - A leading supplier of clinical software solutions created especially for the eye care industry, EyeMD EMR, announced that it won the Best in KLAS Award for Ophthalmology EMR from KLAS Research. This unbiased research company is used by payers and providers worldwide. This prestigious award highlights EyeMD EMR's dedication to service excellence, innovation, and unmatched innovation in the healthcare technology industry.
• August 2023 - Nashville General Hospital declared that to achieve its operational, financial, and clinical objectives, it will use CommunityWorks. The old, disjointed EHR system at Nashville General Hospital will be replaced by the Oracle Cerner. Medical personnel will have easy access to patient records from the county's more than 20 outpatient locations as well as the 150-bed hospital once this EHR is set up.