Ambulatory EHR Market: Current Analysis and Forecast (2021-2027)

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Emphasis on Deployment Type (On-premises and Cloud-based); Application (Practice Management, Patient Management, E-Prescribing, Referral Management, Population Health Management, and Others); Practice Size (Large Practices, Medium-Sized Practices, and Small Practices); End-Users (Hospital-Owned Ambulatory Centers and Independent Centers); Region and Country

Published:

Nov-2021

Pages:

250

Table:

95

Figure:

127

Report ID:

UMHE21516

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Ambulatory EHR Market 2
Ambulatory EHR Market 2

Global Ambulatory EHR Market is anticipated to grow with an elevated CAGR of around 6% over 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.

The data generated by the healthcare sector is enormous and the need to manage this data is dramatically increasing day by day. Every second, a huge amount of healthcare data is generated, and valuable insights are extracted from it. Currently, around 30% of the world’s data volume is being generated by the healthcare industry and it has been anticipated that by 2025, the compound annual growth rate of data for healthcare will reach 36%. Therefore, to minimize the medication error rate in this huge bunch of data and to reduce data management costs, many medical institutions are deploying EHR as a better alternative to physical document records.

Furthermore, the ambulatory EHR market is anticipated to grow on account of number of benefits offered by EHR for effective capturing and sharing of patient data as health care practitioners require an electronic health record (EHR) for the storage of data in a structured format. This structured data aids the health care practitioners in the easy transfer and retrieval of patient information.

Clinical Optimization Goals & Benefits of Electronic Medical Records

Ambulatory EHR Market 3
Ambulatory EHR Market 3

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 prominent players operating in the ambulatory EHR market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with ambulatory EHRs.

Insights Presented in the Report

“Amongst Deployment Type, cloud-based segment holds the major share”

Based on deployment type, the Ambulatory EHR market is bifurcated into on-premise and cloud-based. The cloud-based segment accounted for the largest market share in 2020 it is estimated that it will exhibit the highest CAGR during the forecast period as they provide high flexibility and are cost-effective for the end-users. Furthermore, 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.

“Amongst Application, practice management segment holds the major share”

Based on application, the ambulatory EHR market is segmented into practice management, patient management, e-prescribing, referral management, population health management, and others. The practice management segment occupied the major share of the ambulatory EHR market in 2020 and it is expected to grow with substantial CAGR in the upcoming years owing to the growing adoption of advanced medical software and advanced features offered by this program that reduce the operational cost.

“Amongst Practice Size, large practices segment holds the major share”

Based on practice size, the market is fragmented into large practices, medium-sized practices, and small practices. In 2020, the large practice segment grabbed the considerable market share, and it is expected to grow at the significant CAGR during the forecast period as they can provide to address productivity issues that may arise due to the adoption of new EHR.

“Amongst End-Users, Physicians segment holds the major share”

Based on end-users, the market is fragmented into hospital-owned ambulatory centers and independent centers. In 2020, the hospital-owned ambulatory center’s segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. The growth of this segment is attributed to the growing popularity of ambulatory EHR coupled with the growing need to organize the huge amount of healthcare data generated in hospitals ambulatory centers.

“North America represents one of the largest markets of ambulatory EHR market”

For a better understanding of the market dynamics of the ambulatory EHR market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the ambulatory EHR market industry and generated revenue of USD XX Million in 2020 owing to strong healthcare infrastructure and growing adoption of advanced technological solutions in the healthcare industry in the region.

Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts
  • The report presents a quick review of overall industry performance at one glance
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
  • The study comprehensively covers the market across different segments
  • Deep dive regional level analysis of the industry

Customization Options:

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1.1Market Definitions
1.2Objective of the Study
1.3Limitation
1.4Stake Holders
1.5Currency Used in Report
1.6Scope of the Global Ambulatory EHR Study

 

2.1Research Methodology for the Global Ambulatory EHR Market
 2.1.1Main Objective of the Global Ambulatory EHR Market

 

3MARKET SYNOPSIS

 

4EXECUTIVE SUMMARY
5COVID-19 IMPACT

 

6GLOBAL AMBULATORY EHR MARKET REVENUE

 

7.1On-premise
7.2Cloud-based
8.1Practice Management
8.2Patient Management
8.3E-prescribing
8.4Referral Management
8.5Population Health Management
8.6Others 
9.1Large Practices 
9.2Medium-sized Practices
9.3Small Practices
10.1Hospital-Owned Ambulatory Centers
10.2Independent Centers

 

11.1NORTH AMERICA AMBULATORY EHR MARKET 
 11.1.1United States
 11.1.2Canada 
 11.1.3Rest of North America
11.2EUROPE  AMBULATORY EHR MARKET 
 11.2.1Germany 
 11.2.2France 
 11.2.3United Kingdom
 11.2.4Spain 
 11.2.5Italy 
 11.2.6Rest of Europe
11.3ASIA PACIFIC AMBULATORY EHR MARKET
 11.3.1China 
 11.3.2Japan 
 11.3.3India 
 11.3.4Australia 
 11.3.5Rest of Asia Pacific
11.4REST OF THE WORLD AMBULATORY EHR MARKET 

 

12.1Market Drivers 
12.2Market Challenges
12.3Impact Analysis

 

13 AMBULATORY EHR MARKET OPPORTUNITIES

 

14 AMBULATORY EHR MARKET TRENDS & INSIGHTS

 

15LEGAL & REGULATORY FRAMEWORK
16.1Demand Side Analysis
16.2Supply Side Analysis
 16.2.1Top Product Launches
 16.2.2Top Business Partnerships
 16.2.3Top Merger & Acquisitions

 

17VALUE CHAIN ANALYSIS
18.1Porter’s Five forces analysis
 18.1.1Bargaining power of Supplier
 18.1.2Bargaining power of Buyer
 18.1.3Industry Rivalry
 18.1.4Availability of Substitute
 18.1.5Threat of new Entrants
19.1Mckesson Corporation
 19.1.1Key Facts 
 19.1.2Business Description
 19.1.3Key Product/Services Offerings
 19.1.4Growth Strategy
 19.1.5SWOT Analysis
 19.1.6Key Financials
  19.1.6.1Revenue Split
  19.1.6.2Financial Overview of Mckesson Corporation
 19.1.7Recent Developments
  19.1.7.1Product Launch
  19.1.7.2Partnerships
  19.1.7.3Business Expansion and Investments
  19.1.7.4Merger and Acquisition
19.2Allscripts Healthcare Solutions, Inc.
19.3Athenahealth Inc. 
19.4Greenway Health LLC
19.5Cerner Corporation 
19.6EPIC Systems Corporation
19.7CureMD  
19.8NetSmart Technologies
19.9eClinicalWorks 
19.10Nextgen Healthcare Information Systems LLC
20DISCLAIMER

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global ambulatory EHR market were the three major steps undertaken to create and analyze the adoption of ambulatory EHR in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global ambulatory EHR market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the ambulatory EHR through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the ambulatory EHR market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as deployment type, application, practice size, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of ambulatory EHR across the globe.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the practice management system. Further, we conducted factor analysis using dependent and independent variables such as growing need to integrate healthcare system propelling the adoption of EHR. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the ambulatory EHRsector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the ambulatory EHRmarket, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of ambulatory EHR across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the ambulatory EHRmarket in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Ambulatory EHR Market 1
Ambulatory EHR Market 1

Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the ambulatory EHR market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of deployment type, applications, practice size, and end-users  of the ambulatory EHR market.

The main objective of the Ambulatory EHR Market Study

The current & future market trends of ambulatory EHR were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of ambulatory EHR in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of of deployment type, applications, practice size, and end-users
  • Define and analysis of the regulatory framework for the ambulatory EHR industry
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
  • Analyze the current and forecast market size of the ambulatory EHR market for the major region
  • Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
  • Company profiles of the ambulatory EHR market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry