Meticulous Research®– a leading global market research company published a research report titled “Ambulatory EHR Market by Delivery Mode (Cloud-based, On-premise), Type, Practice Size (Large, Small-to-medium, Solo), Application (Patient Portals, Practice Management, CDS, Computerized Physician Order Entry, PHM), and End User – Global Forecast to 2028”. According to this latest publication from Meticulous Research, the global ambulatory EHR market is expected to grow at a CAGR of 5.2% from 2021 to reach to $6.74 billion by 2028.
The key drivers of the global ambulatory EHR market are the growing consumer preference for outpatient care over inpatient care, rising governmental support for the use of EHR solutions, and the expanding demand to lower operational costs in the healthcare sector. Additionally, the integration of AI and ML technologies as well as the evolving technological environment in emerging nations are some of the reasons that present major potential prospects for the market’s participants. The high rates of product replacement and the high cost of establishing ambulatory EHR systems, together with the limited IT infrastructure in developing nations, are anticipated to limit the growth of this market to some extent.
Ambulatory EHR Market: Future Outlook
The global ambulatory EHR market is mainly segmented on the basis of deployment mode, type, practice size, application, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Due to the benefits of cloud platforms, such as flexibility, real-time monitoring, data security, and cheaper implementation costs compared to on-premise deployments, the cloud/web-based ambulatory EHR segment accounted for the highest share of the entire market in 2020.
The all-in-one ambulatory EHR category held the biggest market share for ambulatory EHRs in 2020, according to type. The features like ease of use, accessibility to all functionalities, and seamless software and hardware are primarily responsible for the highest share of this market.
Due to factors like the larger requirement for effective administration and coordination in large practices and their financial capacity to pick amongst a wide range of solutions, the large practices segment accounted for the greatest share of the market in 2020, according to practice size.
Based on application, the practice management market segment held the greatest market share in 2020. This was due to benefits including improved operational performance and higher patient value.
According to end user in 2020, the hospital-owned ambulatory centres category held the biggest market share. Ambulatory EHR solutions are becoming more popular in this market due to factors like the ability to pay for a significant initial investment and the growing requirement to organise unstructured healthcare data.
In-depth analyses are provided for North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and the Middle East & Africa in this research report, which also evaluates significant geographical areas.
The ambulatory EHR market was dominated by North America in 2020, then Europe and Asia-Pacific, the greatest proportion of the region is due to factors like growing governmental support for the implementation of EHR systems, a rise in patient demand for ambulatory care, and the presence of important major businesses.
The key players operating in the ambulatory EHR market are Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), Medical Information Technology, Inc. (U.S.), Computer Programs and Systems, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), NextGen Healthcare, Inc (U.S.), eClinicalWorks (U.S.), Greenway Health, LLC (U.S.), CureMD Healthcare (US), and AdvancedMD, Inc. (U.S.), among others.
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Key questions answered in the report-
- Which are the high growth market segments in terms of mode of deployment, type, application, practice size, end user, and region/countries?
- What was the historical market for ambulatory EHR market across the globe?
- What are the market forecasts and estimates for the period 2021-2028?
- What are the major drivers, restraints, opportunities, and challenges in the global ambulatory HER market?
- Who are the major players in the ambulatory EHR market?
- How is the competitive landscape and who are the market leaders in the global ambulatory EHR market?
- What are the recent developments in the global ambulatory EHR market?
- What are the different strategies adopted by the major players in the global ambulatory EHR market?
- What are the geographical trends and high growth regions/countries?