Global ambulatory EHR market is expected to foresee significant growth during the forecast period. North America to witness the highest growth
- Himanshu Patni
- November 20, 2021
- HEALTHCARE, NEWS
- Ambulatory EHR Market, Ambulatory EHR Market growth, Ambulatory EHR Market share, Ambulatory EHR Market size, Ambulatory EHR Market trend
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Global ambulatory EHR market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 6% during the forecast period (2021-2027). Ambulatory EHRs offer help to outpatient care facilities and smaller practices. These are much simpler than in-patient EHR as they enable the physicians to keep the track of their patient’s medical records and ling term care without interacting with the complex web of hospitals.
Healthcare informatics enables high-quality and error-free care delivery in efficient and effective ways. The presence of well-established healthcare infrastructure and increasing adoption of advanced medical practices across the globe are some of the prominent reasons contributing to the growth of the market. For instance, The proportion of e-prescriptions in the U.S. augmented has been increased from 66% in 2017 to 80% in 2019. Furthermore, the increasing execution of EHRs in hospitals, clinics, and additional healthcare amenities, together with a growing number of prescriptions given out are adding to the expansion of this market.
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Additionally, the global ambulatory EHR market is anticipated to witness an uptick owing to the shift from volume-based to value-based care, growing volume of patient data, technological advancements, government mandates, and financial incentives for adoption of HCIT solutions, increasing awareness of the value of digital health, and high return on IT investment in the healthcare industry. Also, the increasing incidence & prevalence of chronic diseases associated with an aging population, growing concern to curtail healthcare costs, and rising use of big data in healthcare further support the growth of this market. For instance, according to the leading research firm, the big data in the healthcare market is anticipated to reach $34.27 billion by 2022 growing at a CAGR of 22.07% globally.
Based on deployment type, the market is segmented into on-premise and cloud-based. The cloud-based segment grabbed an XX% share of the global ambulatory EHR market and will witness a considerable CAGR of XX% during the forecast period (2021-2027F). This is because the low cost of installation and the ability of this software to eradicate the need for in-house maintenance is also one of the prime factors contributing to the growth of this segment.
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Based on the application, the global ambulatory EHR market is segmented into practice management, patient management, e-prescribing, referral management, population health management, and others. The practice management occupied a substantial share and is expected to grow at a CAGR of XX% during the forecast period 2021-2027 owing to the growing adoption of advanced medical software and advanced features offered by this program that reduces the operational cost.
Additionally, the report provides detailed report also provides insights into the global ambulatory EHR market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America dominated the market and generated revenue of USD xx billion in 2020 owing to the well-established market players and frequent product launches.
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McKesson Corporation, Allscripts Healthcare Solutions, Inc., Athenahealth, Greenway Health LLC, Cerner Corporation, EPIC Systems Corporation, Cure MD, NetSmart Technologies, eClinicalWorks, Nextgen Healthcare Information Systems LLC are some of the key players operating in the global ambulatory EHR market. Several M&As along with partnerships have been undertaken by these players to develop a new and advanced ambulatory EHR system.
Global Ambulatory EHR Market Segmentation
Market Insight, by Deployment Type
Market Insight, by Application
- Practice Management
- Patient Management
- Referral Management
- Population Health Management
Market Insight, by Practice Size
- Large Practices
- Medium-sized Practices
- Small Practices
Market Insight, by End-Users
- Hospital-Owned Ambulatory Centers
- Independent Centers
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Allscripts Healthcare Solutions, Inc.
- Athenahealth Inc.
- Mckesson Corporation
- Greenway Health LLC
- Cerner Corporation
- EPIC Systems Corporation
- NetSmart Technologies
- Nextgen Healthcare Information Systems LLC