Rising prevalence of chronic diseases across the globe, increasing patient pool, steady inclination towards ambulatory care over in-patient care are some kay factors expected to drive global Ambulatory EHR market growth.
Rising prevalence of chronic diseases across the globe, increasing patient pool, steady inclination towards ambulatory care over in-patient care are some kay factors expected to drive global Ambulatory EHR market growth.
According to Emergen Research, the global ambulatory EHR market size was USD 4.48 billion in 2019 and is expected to reach USD 6.66 billion in 2027 and register a steady CAGR of 5.4% during the forecast period, 2020-2027.
Market Dynamics:
Over the recent years, there has been a significant increase in ambulatory care services across the globe as people prefer these services over hospitals due to faster patient admission, shorter stays, and comparatively lower costs. An ambulatory Electronic Health Record (EHR) is a software program specially designed for storing and managing outpatient medical history. This software helps healthcare professionals to track patients’ medical history, and stores confidential patient information including demographics, medications, immunizations, and laboratory data. Ambulatory EHRs help in easy exchange of patient information and communication among healthcare professionals.
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Factors such as high preference for rout-patient services, growing demand for ambulatory EHR for health analytics, practice management, e-prescribing, population health management, referral management and decision support, rising healthcare spending, and increasing investments in developing advanced software are expected to drive global market revenue growth during the forecast period.
However, high cost of development of ambulatory Electronic Health Records systems, heavy infrastructure investments and, high chances of data breaching and weak security, low awareness about ambulatory services in many developing and underdeveloped countries are some key factors that can hamper market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Practice Management Segment to Account for Largest Revenue Share:
The practice management segment is expected to account for largest revenue share between 2020 and 2027. Revenue growth can be attributed to increasing patient admissions, rapid adoption of EHR systems in ambulatory care for better management of clinical practices and reduce transcription costs, and growing demand for advanced Electronic Health Records solutions for scheduling appointments, handling patient data, and performing billing tasks.
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Cloud based Segment To Register Robust Revenue Growth:
The cloud based segment is expected to register robust revenue growth during the forecast period owing to rising need for managing large patient data, and high preference for cloud platforms due to advantages such as easy accessibility, mobility, low installation costs, flexibility, and enhanced data security.
North America to Lead In Terms of Revenue Share:
North America is expected to account for largest revenue share in the global market during the forecast period. Revenue growth can be attributed to factors such as increasing prevalence of chronic diseases and emergencies, rapid adoption of EHR systems in ambulatory care services across the region, and high healthcare spending. In addition, increasing investments by government and private organizations, rising awareness about the benefits of EHR systems for ambulatory centers, and high focus on developing advanced EHR software are expected to further drive North America market growth during the forecast period.
Major Companies in the Market Include:
- Modernizing Medicine, Inc.
- CureMD Healthcare Corporation
- Epic Systems Corporation
- McKesson Corporation
- Greenway Health, LLC
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Medical Information Technology
- Incorporated, MTBC, Inc.
- Computer Programs
- Systems, Inc.
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For the purpose of this report, Emergen Research has segmented the global ambulatory EHR market on the basis of deployment, practice size, application, end-use, and region.
Deployment Outlook (Revenue, USD Billion; 2017–2027)
- Cloud-based
- On-premises
Practice Size Outlook (Revenue, USD Billion; 2017–2027)
- Solo Practices
- Large Practices
- Small-medium-sized Practices
Application Outlook (Revenue, USD Billion; 2017–2027)
- e-Prescribing
- Health Analytics
- Practice Management
- Referral Management
- Patient Management
- Decision Support
- Population Health Management
End-use Outlook (Revenue, USD Billion; 2017–2027)
- Independent Centers
- Hospital-owned Ambulatory Centers
- Others
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Regional Outlook (Revenue, USD Billion; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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