HEALTHCARE INFORMATICS MARKET Size and trends

Healthcare Informatics Market Size and Trends

Global healthcare informatics market is estimated to be valued at USD 44.66 Bn in 2025 and is expected to reach USD 104.47 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 12.9% from 2025 to 2032.

To learn more about this report, Request sample copy

Global healthcare informatics market growth is driven by factors such as increasing digitalization in the healthcare sector, growing adoption of cloud-based storage solutions and rising need to curtail healthcare costs. Several market players are investing extensively in R&D to develop enhanced healthcare informatics solutions integrated with latest technologies such as AI and machine learning. Adoption of such advanced informatics solutions helps providers in automating procedures, improving patient outcomes and streamlining clinical workflows. However, high deployment cost and privacy & security concerns related to patient data can hamper the market growth.

Adoption of Electronic Health Records

The healthcare industry has witnessed a massive shift towards digitization over the past decade. Previously, patient records were predominantly maintained as physical paperwork, which made storage and sharing of information difficult. This led to various inefficiencies and errors. However, with increasing usage of electronic health records (EHR), most healthcare providers have now transitioned to digital platforms. EHRs allow streamlined management of comprehensive patient health histories and treatment plans. Right from scheduling appointments to recording vitals, prescribing medications, ordering tests and tracking results - everything can be done electronically through a centralized system. This not only improves organizational workflow but also enhances the quality of care delivered. Doctors can instantly access complete medical histories from anywhere, thus, helping them to make faster and more informed clinical decisions. Several regulatory bodies also incentivized the implementation of EHRs through monetary incentives and penalties, thus, boosting adoption rates. For patients, EHRs translate to a more efficient experience. These no longer have to repeatedly fill out forms or transport medical records between different facilities. Digitally stored health records are immediately accessible to authorized providers, removing logistic hassles. In emergencies, crucial health details are right at hand without any delay. Over time, patients have also come to appreciate the personalized care enabled through consolidated health profiles on EHR platforms. For instance, India's National Health Authority launched a Digital Health Incentive Scheme aimed at boosting adoption of digital health records. Healthcare providers, diagnostic centers, and digital solution providers like HMIS and LMIS are eligible for incentives based on the number of digital health records created and linked to the Ayushman Bharat Health Account. The scheme, supported by Rs 500 million (US$ 6 million) over six months, aims to accelerate digital health transactions under the Ayushman Bharat Digital Mission, fostering patient-centric healthcare delivery and encouraging broader participation in digital health initiatives.