Meticulous Research – 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 $ 6.74 billion by 2028. Increasing government support for the adoption of EHR solutions, patients’ increasing preference for ambulatory care over in-patient care, and the growing need to reduce operating costs in the healthcare industry are the key factors driving the global ambulatory EHR market. Additionally, integration of artificial intelligence (AI) and machine learning (ML) technologies and the changing technological landscape in developing countries are some of the factors that offer significant growth opportunities for the players operating in this market. However, IT infrastructure constraints in developing countries and data security concerns along with high product replacement rates and the high cost of deploying ambulatory EHR solutions are expected to hinder 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.
In 2020, based on deployment mode, the cloud/web-based ambulatory EHR segment accounted for the largest share of the overall market due to the advantages of cloud platforms, such as flexibility, real-time monitoring, data security, and lower implementation costs compared to on-premise deployments.
In 2020, based on type, the all-in-one ambulatory EHR segment accounted for the largest share of the ambulatory EHR market. The largest share of this segment is mainly attributed to the factors such as ease of use, availability of all functionalities, and seamless software and hardware.
In 2020, based on practice size, the large practices segment accounted for the largest share of the market due to factors such as higher need of efficient administration and coordination in large practices and their financial capacity to choose between a wide range of solutions.
In 2020, based on application, the practice management segment accounted for the largest share of the market in 2020, due its benefits like improving the operational performance, and increased value of service provided to the patient.
In 2020, based on end user, the hospital-owned ambulatory centers segment accounted for the largest share of the market. Factors such as ability to afford high-cost initial investment and the increasing need to organize unstructured healthcare data drives the growth of ambulatory EHR solution in this segment.
This research report analyzes major geographies and provides comprehensive analysis 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 2020, North America dominated the ambulatory EHR market, followed by Europe and Asia-Pacific. Factors such as increasing government support for adoption of EHR solutions, rising trend of patients preference for ambulatory care, and presence of key major players are responsible for the largest share of the region.
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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