Ambulatory EHR Market Outlook
The global ambulatory EHR market size was valued at USD 6.05 Million in 2022 and is likely reach to USD 10.31 Million by 2031, expanding at a CAGR of 6.1% during the forecast period, 2023–2031. The growth of the market is attributed to the increasing patient data.
Ambulatory electronic health records (EHRs) are software programs developed for use in outpatient care settings and small practices. Ambulatory EHRs make it easier for doctors to keep track of a patient's medical history and treatment, allowing them to diagnose and manage chronic conditions more efficiently.
Medical practitioners may access patients' complete medical histories, which are stored in an electronic archive. All records of non-hospitalized procedures or treatments are included in these reports. Ambulatory EHR systems make it easy for doctors to keep track of a patient's medical history and provide long-term treatment.
Physicians utilize this software to collect precise, relevant information about each patient, allowing them to create complete databases of their personal health records. These vast databases aid doctors in gaining a better grasp of their patients' health, making diagnosis trouble-free.
Following the WHO's declaration of COVID-19 as a global pandemic in March 2020, countries all over the world took immediate action to identify and prevent the disease's spread. The unexpected influx of COVID-19 patients overloaded hospital capacity all across the world. A rising strain was placed on acute care facilities, with in-patient beds nearly full. As a result, ambulatory EHR have become popular as a treatment option.
Ambulatory EHR Market Trends, Drivers, Restraints, and Opportunities
- Growing government support for the adoption of EHR solutions is expected to drive the market.
- Rising patient preference for ambulatory care over in-patient care is projected to propel the market during the forecast period.
- Data security concern is anticipated to hinder the market.
- High cost of deploying ambulatory EHR solutions is expected to hamper the market in the coming years.
- Integration of artificial intelligence and machine learning technologies are projected to create lucrative opportunities for market players.
Scope of Ambulatory EHR Market Report
The report on the global ambulatory EHR market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Ambulatory EHR Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Applications (PHM, e-Prescribing, Practice, Health Analytics, and Patient & Referral Management), Delivery Modes (On-premise and Cloud-based), and End-users (Clinics, Hospitals, and Medical Assistance)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Allscripts Healthcare Solutions, Inc.; Medical Information Technology, Inc.; Computer Programs and Systems, Inc.; Epic Systems Corporation; and Cerner Corporation
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Ambulatory EHR Market Segment Insights
Applications Segment Analysis
On the basis of applications, the ambulatory EHR market is segmented into PHM, e-prescribing, practice, health analytics, patient & referral management. The health analytics segment is projected to expand at a considerable CAGR during the forecast period, due to increasing use of ambulatory EHR software to provide instant treatment to outpatients.
The patient & referral management segment is anticipated to account for a major market share during the forecast period, owing to rapid diagnosis of patients with chronic illnesses while providing medical care.
Delivery Modes Segment Analysis
Based on delivery modes, the market is divided into on-premise and cloud-based. The cloud-based segment is expected to hold a significant share of the market in the coming years, owing to its cost-effective services and user-friendly software models.
Better patient data sharing, on-demand capacity, simple implementation and scalability, and speedy deployment are all advantages of cloud-based systems for healthcare businesses. The on-premise segment accounts for a significant market share, owing to increasing demand for ambulatory electronic health record systems.
End-users Segment Analysis
On the basis of end-users, the ambulatory EHR market is segregated into clinics, hospitals, and medical assistance. The hospitals segment is anticipated to expand at a substantial CAGR during the forecast period, owing to rising number of diagnostic and surgical procedures carried out in the hospitals and rising patient emphasis on timely and effective treatment.
The clinics segment is expected to hold a significant share of the market, due to rising of ambulatory and urgent care centers.
Ambulatory EHR Market Regional Analysis
In terms of regions, the ambulatory EHR market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the forecast period, owing to increasing geriatric population.
The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to rising efforts to enhance healthcare delivery and the adoption of digital recordkeeping in the region.
Segments
Applications
- PHM
- e-Prescribing
- Practice
- Health Analytics
- Patient & Referral Management
Delivery Modes
End-Users
- Clinics
- Hospitals
- Medical Assistance
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global ambulatory EHR market are Allscripts Healthcare Solutions, Inc.; Medical Information Technology, Inc.; Computer Programs and Systems, Inc.; Epic Systems Corporation; and Cerner Corporation.
Mergers and acquisitions are being pursued by major market players in order to increase their customer base. Aprima Medical Software, a prominent provider of Electronic Health Record (EHR), Practice Management (PM), and Revenue Cycle Management (RCM) solutions to ambulatory care companies, was acquired by eMDs, Inc.
- In January 2019, Furthermore, Atchison Hospital in Kansas and Frances Mahon Deaconess Hospital in Montana launched the MEDITECH web-based electronic health record (EHR) system in April 2019 for its ambulatory applicability and flexibility.
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