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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 $5.1 billion by 2028. Increasing government support for adopting EHR solutions, increasing trend of patients shifting towards ambulatory care rather than inpatient, and growing need to reduce operational costs in the healthcare industry are the key factors driving the global ambulatory EHR market. Additionally, integration of AI & ML and changing scenarios in developing economies are factors that offer significant growth opportunities for the players operating in this market. However, data security concerns, high deployment cost & heavy infrastructure investment, and IT infrastructure constraints in low-income countries are expected to hinder the growth of this market.
Ambulatory EHR Market: Future Outlook
The global ambulatory EHR market is mainly segmented based on mode of deployment, 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 segment accounted for the largest share of the overall market due to its benefits like higher data security and better flexibility. This deployment mode also provides an opportunity for managers, analysts, and providers of health information systems to search and explore data in real-time.
In 2020, based on type, the modular software segment accounted for the largest share of the ambulatory HER market. The large share of this segment is mainly attributed to the financial advantage offered by the software to select a specific set of applications as required.
In 2020, based on practice size, the large practices segment accounted for the largest share of the market due to the ability of ambulatory EHR solutions to offer efficient administration and coordination to large practices. Based on application, the practice management segment accounted for the largest share of the market in 2020 due to its benefits like improved operational performance and increased service value.
In 2020, based on end user, the hospital-owned ambulatory centers segment accounted for the largest share of the market. Factors such as the ability to afford the high-cost initial investment and the increasing need to organize unstructured healthcare data drive the growth of ambulatory EHR solutions in this end-user segment.
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This research report analyzes major geographies and provides comprehensive analysis for North America (U.S. and 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 the adoption of EHR solutions and the 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 solutions 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 EHR 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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