Ambulatory EHR Market Worth $6.74 Billion by 2028
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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”.
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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.
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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.
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?
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