Medical Information Market Report 2025

The medical information market size has grown strongly in recent years. It will grow from $4.03 billion in 2024 to $4.32 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. The growth during the historic period can be attributed to increasing regulatory requirements for drug safety and labeling, a rising volume of clinical trials and drug development activities, growing patient awareness and demand for treatment transparency, greater reliance on outsourced medical information services, and expanded use of cloud-based medical information platforms.

The medical information market size is expected to see strong growth in the next few years. It will grow to $5.63 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to the increasing need for omnichannel medical communication, a rising focus on patient-centricity and personalized medicine, growing demand for real-time data-driven medical insights, ongoing digitalization of healthcare, and expanding adoption of telemedicine. Key trends expected during this period include advancements in digital health technologies, integration of electronic health records with medical information systems, improvements in pharmacovigilance and drug safety monitoring technologies, incorporation of real-time data, and the implementation of multichannel communication strategies.

The increasing digitalization of healthcare is expected to drive the growth of the medical information market in the coming years. Digitalization in healthcare involves integrating digital technologies - such as electronic health records, telemedicine, and data analytics - into healthcare systems to enhance patient care, operational efficiency, and health outcomes. This trend is largely fueled by the rising adoption of electronic health records (EHRs), which streamline the management of patient data, improve clinical decision-making, and boost the efficiency and coordination of care delivery. Enhanced digitalization increases the accessibility, accuracy, and real-time sharing of medical information, leading to better patient care, more efficient clinical workflows, reduced administrative burdens, and improved coordination among healthcare providers. These factors collectively support more informed medical decisions and efficient healthcare system management. For example, in June 2022, the National Health Service (NHS) in the UK reported that by March 2025, 100% of NHS trusts are expected to have adopted electronic health records, following a 90% adoption rate by December 2023, while 80% of CQC-registered adult social care providers are targeted to implement digital care records by March 2024. Thus, the growing digitalization of healthcare is fueling the expansion of the medical information market.

Leading companies in the medical information market are concentrating on developing innovative solutions like digital health monitoring platforms to improve real-time data access, boost patient engagement, and support more informed clinical decisions. Digital health monitoring platforms are technology-driven systems that gather, analyze, and share real-time health data from patients via devices such as wearables and mobile apps, facilitating remote care and timely medical interventions. For instance, in December 2024, ElectronRx Limited, a US-based deep technology firm, launched PurpleDx, a smartphone app designed for remote lung function monitoring in patients with chronic respiratory conditions such as asthma, COPD, interstitial lung disease, and pulmonary hypertension. The app uses built-in smartphone sensors to capture and interpret critical digital biomarkers, including heart rate, respiratory rate, and tidal volume. This enables patients to monitor their lung health at home and share real-time data with healthcare professionals. Through integration with a clinical dashboard, providers can remotely customize treatment plans and improve care delivery, representing a significant advancement in digital health management for pulmonary diseases.

In June 2022, Oracle Corporation, a US-based cloud technology company, acquired Cerner Corporation for $28.4 billion. This acquisition allows Oracle to leverage Cerner’s vast health information data to expand its cloud services in the healthcare sector, modernize electronic health record (EHR) systems using its autonomous database and Gen2 cloud technologies, enhance clinical efficiency, improve patient outcomes, and reduce overall healthcare costs. Cerner Corporation is a US-based vendor specializing in electronic health record systems and digital health information solutions for healthcare providers.

Major players in the medical information market are McKesson Corporation, Cardinal Health Inc., Siemens AG, Accenture plc, International Business Machines Corporation, Oracle Corporation, Medtronic plc, Cognizant Technology Solutions Corporation, Koninklijke Philips N.V., GE Healthcare Technologies Inc., Infosys Limited, IQVIA Holdings Inc., HCL Technologies, Quest Diagnostics Incorporated, Wolters Kluwer N.V., Epic Systems Corporation, InterSystems Corporation, Medical Information Technology Inc., Veradigm Inc., Innovaccer Inc., Verato Inc., CliniComp International Inc., and Patagonia Health Inc.

North America was the largest region in the medical information market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in medical information report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the medical information market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The medical information market includes revenues earned by entities by providing services such as clinical data management, electronic health records (EHR) systems, medical transcription, healthcare analytics, and medical coding and billing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the healthcare sector, particularly in the supply of critical medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are facing higher costs for imported surgical instruments, imaging equipment, and consumables such as syringes and catheters, many of which have limited domestic alternatives. These increased costs are straining healthcare budgets, leading some providers to delay equipment upgrades or pass on expenses to patients. Additionally, tariffs on raw materials and components are disrupting the production of essential drugs and devices, causing supply chain bottlenecks. In response, the industry is diversifying sourcing strategies, boosting local manufacturing where possible, and advocating for tariff exemptions on life-saving medical products.

The medical information market research report is one of a series of new reports that provides medical information market statistics, including medical information global market size, regional shares, competitors with medical information market share, detailed medical information market segments, market trends and opportunities, and any further data you may need to thrive in the medical information industry. The medical information market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Medical information refers to comprehensive data about an individual’s health history, diagnoses, treatments, medications, allergies, laboratory and imaging results, immunizations, and interactions with healthcare providers. This information is essential for accurate diagnosis, personalized care, clinical decision-making, and enhancing overall health outcomes. It is used to guide clinical decisions, ensure effective treatment, support patient care, and improve health results.

The main types of medical information services include medical information services, pharmacovigilance services, regulatory affairs services, and clinical services. Medical Information Services involve providing accurate, current, and scientifically validated details about pharmaceutical products and medical devices to healthcare professionals, patients, and regulatory bodies to promote safe and effective use. These services cover various therapeutic areas such as oncology, neurology, cardiology, immunology, and others. They are delivered through multiple platforms, including on-premise, cloud-based, and web-based solutions. These services support key applications like drug development, drug safety monitoring, regulatory compliance, and clinical research, catering to a broad range of end users such as pharmaceutical companies, biotechnology firms, healthcare providers, and contract research organizations.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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