A Next-Gen Ambulatory EHR
The Ambulatory EHR Market is expected to grow at a CAGR of 5.2% from 2021 to 2028 to reach $5.1 billion by 2028. An ambulatory electronic health record (EHR) is a software program designed for use in outpatient care settings and small practices. Health professionals can access a patient’s complete medical history, which is stored in an electronic database. These reports essentially consist of all documentation of operations or procedures that do not require hospitalization.
Ambulatory EHR systems make it easier for healthcare professionals to monitor a patient’s medical history and long-term care. Physicians use this software solution to collect and analyze relevant information about each patient, resulting in a comprehensive database of their personal health records. This vast database helps physicians obtain a deeper understanding of their patient’s health, making future diagnoses easier.
The key factors driving the global ambulatory EHR market are rising government support for EHR solution adoption, an increasing trend of patients transitioning to ambulatory treatment rather than inpatient care, and a growing need to minimize operating costs in the healthcare industry. Furthermore, the adoption of AI and ML and changing scenario in emerging economies are some of the factors that give significant growth opportunities for market players. However, data protection concerns, high implementation costs, and heavy infrastructure investment, as well as IT infrastructure constraints in low-income countries, are expected to impede this market’s growth to a certain extent.
Impact of COVID-19 on the Global Ambulatory EHR Market
In March 2020, the WHO declared COVID-19 as a pandemic and instructed countries to take urgent steps to detect and prevent the spread of the virus. Worldwide, the hospital capacities were overburdened due to the sudden inflow of patients because of the COVID-19 pandemic. There was a growing burden on acute care settings because in-patient beds were almost completely occupied. Ambulatory care became more important in the healthcare sector due to this, as it provided an alternate site for appropriate procedures.
The U.S. government proposed a modification of policies to alleviate the pressure on overburdened hospitals. For instance, in March 2020, the Centers for Medicare & Medicaid Services (CMS) provided guidance allowing ambulatory surgery centers (ASCs) to contract with local healthcare systems to provide hospital services or enroll and bill as hospitals during the emergency declaration. Elective and non-essential procedures were also suspended at the peak of the pandemic. Ambulatory surgical centers were, however, granted permission to perform outpatient procedures. Furthermore, incorporating various healthcare IT solutions with ambulatory EHR solutions allowed physicians to better understand their patients’ health to make more accurate diagnoses. Thus, the outbreak of the COVID-19 pandemic and the increased burden on healthcare providers are expected to drive demand for EHR solutions, thereby driving the market growth.
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Key Findings of the Global Ambulatory EHR Market Study:
The cloud/web-based deployment mode segment dominated the market.
In 2020, based on deployment mode, the cloud/web-based segment accounted for the largest share of the global ambulatory EHR market. The advantages offered by these solutions include flexibility, mobility, data security, and lower installation costs.
In 2020, the modular ambulatory software segment dominated the market.
In 2020, the modular ambulatory software segment accounted for the largest share of the global ambulatory EHR market. The benefit of choosing the software modules as per requirement and practice size is the main reason driving the growth of this segment.
In 2020, the large practices segment dominated the market.
In 2020, the large practices segment accounted for the largest share of the global ambulatory EHR market. Large practice’s ability to deal with productivity issues that arise due to new EHR adoption is one of the major factors driving the growth of this segment.
In 2020, the practice management segment dominated the market.
In 2020, the practice management segment accounted for the largest share of the global ambulatory EHR market. The advanced features offered by this program to capture patient data, schedule appointments, and perform billing tasks are one of the major drivers for the growth of this segment.
In 2020, hospital-owned ambulatory centers dominated the market.
In 2020, the hospital-owned ambulatory centers segment accounted for the largest share of the global ambulatory EHR market. The growing need to organize unstructured health data and the high adoption of EHR solutions by this end user compared to others are the factors driving the growth of this segment.
North America: The Largest Regional Market
In 2020, North America dominated the global ambulatory EHR market. The large share of this regional segment is primarily attributed to the growing government support for adopting EHR and increasing trend of patients transitioning to ambulatory treatment rather than inpatient care.
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Key Players
The report includes a competitive landscape based on extensive assessment of the product portfolio offerings, deployment mode, type, practice size, applications, and end user, geographic presence, and key strategic developments adopted by leading market players in the industry over the past four years. The key players profiled in the global 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.).
Scope of the Report:
Ambulatory EHR Market, by Deployment Mode
- Cloud/Web-based
- On-premise
Ambulatory EHR Market, by Type
- Modular Ambulatory Software
- All-in-one Ambulatory Software
Ambulatory EHR Market, by Practice Size
- Large Practices
- Small-to-medium Sized Practices
- Solo Practices
Ambulatory EHR Market, by Application
- Practice Management
- Patient Portals
- Computerized Physician Order Entry (CPOE)
- Clinical Decision Support (CDS)
- Population Health Management
- Mobile Solutions
- Referral Management
Ambulatory EHR Market, by End User
- Hospital-owned Ambulatory Centres
- Independent Centres
Ambulatory HER Market, by Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
- U.S.
- Canada
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
- China
- Japan
- India
- Rest of APAC (RoAPAC)
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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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