Ambulatory EHR Market: Recent Industry Developments and Growth Strategies Adopted by Players with Revenue Insights

Ambulatory EHR Market

The global ambulatory EHR (electronic health record) market is projected to reach USD 6.66 Billion by 2027, according to a current analysis by Emergen Research. A software application called an ambulatory electronic health record (EHR) is made for use in outpatient care settings and small practises. A patient’s complete medical history is accessible to medical practitioners and is kept in an electronic database.

All documentation of operations or procedures that don’t necessitate hospitalisation is essentially contained in these reports. The monitoring of a patient’s medical history and ongoing care is made simpler for healthcare workers by ambulatory EHR systems. As a consequence of the collection and analysis of pertinent data about each patient by doctors using this software, extensive databases of the patients’ personal health records are created. This extensive database aids doctors in developing a more thorough grasp of the health of their patients, simplifying subsequent diagnosis.

The growing demand for ambulatory treatment over in-patient care among patients, increased government support for the use of EHR solutions, and rising operational costs in the healthcare sector are the main factors propelling the worldwide ambulatory EHR market. A few other aspects that provide substantial potential prospects for market players include the integration of artificial intelligence (AI) and machine learning (ML) technologies, as well as the shifting technological landscape in developing nations. However, it is anticipated that limitations in IT infrastructure in low-income nations, data protection issues, high implementation costs, and hefty infrastructure investment will to some extent restrain the growth of this industry.

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Key Highlights of Report

Northwell Health and Allscripts Healthcare Solutions, Inc. agreed to collaborate on the creation of the next-generation EHR systems in October 2019. An artificial intelligence-based, voice-enabled, cloud-based EHR would be developed and verified with input from Northwell experts, information technology specialists, and administration in order to properly adopt a patient-facing tool.

During the forecast period, the cloud-based category is projected to grow at a CAGR of 5.5%, dominating the market. The advantages of the cloud-based ambulatory EHR system include easy setup, affordable deployment, a reduction in IT needs, extensive collaboration between healthcare providers and patients, and high interoperability. In the near future, it is projected that this will grow the segment.

The big practise segment is anticipated to dominate the market during the forecast period because large practises are able to handle difficulties with the quality of electronic health records. Another factor influencing the segment is rising capital expenditure.

During the projected period, it is anticipated that the practise management sector will continue to hold the biggest market share. By increasing practise efficiency and reducing expenses, the application of practise management offers improvement in the management of healthcare practises.

The category of hospital-owned ambulatory centres is anticipated to dominate the market throughout the projected period. The sector is anticipated to grow during the projected period as more government funding is made available for the installation of EHR systems in healthcare facilities.

Modernizing Medicine, Inc., CureMD Healthcare Corporation, Epic Systems Corporation, McKesson Corporation, Greenway Health, LLC, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Medical Information Technology, Inc., MTBC, Inc., and Computer Programs and Systems, Inc. are some of the major market participants.

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

Regional Outlook (Revenue, USD Billion; 2017–2027)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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