Global Ambulatory Electronic Health Records Market
Market Size in USD Billion
CAGR : %
Forecast Period |
2023 –2030 |
Market Size (Base Year) |
USD 5,753.89 Million |
Market Size (Forecast Year) |
USD 9,170.82 Million |
CAGR |
|
Major Markets Players |
Global Ambulatory Electronic Health Records Market, By Delivery Mode (Cloud-Based Solutions, On-Premise Solutions), Application (Practice Management, Patient Management, E-Prescribing, Referral Management, Population Health Management, Decision Support, Health Analytics), Practice Size (Large Practices, Small-to-Medium-Sized Practices, Solo Practices), End-User (Hospital-Owned Ambulatory Centers, Independent Centers), Function (Reporting, Planning, Billing, Analysis, Remote Medicine Engagement, Medical Assistance) – Industry Trends and Forecast to 2030.
Ambulatory Electronic Health Records Market Analysis and Size
According to a study published by Cureus in October 2022, ambulatory care physician office visits were stratified by EHR use in the United States. According to the survey, 75% of ambulatory care visits involved using all EHRs, whereas 25% involved just partial or no use of EHRs. In addition, according to the study published by the National Library of Medicine in August 2021, the Commonwealth Fund International Health Policy Survey found that 86 percent of Canadian physicians use electronic medical records. Thus, the increase in the adoption of EHR in ambulatory care is expected to drive the market.
Data Bridge Market Research analyses that the ambulatory electronic health records market which was USD 5,753.89 million in 2022, would rocket up to USD 9,170.82 million by 2030, and is expected to undergo a CAGR of 6.0% during the forecast period. This indicates the market value. “On-Premise Solutions” dominates the delivery mode segment of the ambulatory electronic health records market owing to the growing demand for better methods for treatment and diagnosis tracking in patients. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Ambulatory Electronic Health Records Market Scope and Segmentation
Report Metric |
Details |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015-2020) |
Quantitative Units |
Revenue in USD Million, Volumes in Units, and Pricing in USD |
Segments Covered |
Delivery Mode (Cloud-Based Solutions, On-Premise Solutions), Application (Practice Management, Patient Management, E-Prescribing, Referral Management, Population Health Management, Decision Support, Health Analytics), Practice Size (Large Practices, Small-to-Medium-Sized Practices, Solo Practices), Function (Reporting, Planning, Billing, Analysis, Remote Medicine Engagement, Medical Assistance), End- User (Hospital-Owned Ambulatory Centers, Independent Centers) |
Countries Covered |
U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa |
Market Players Covered |
Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), eClinicalWorks (U.S.), Practice Fusion, Inc. (U.S.), eMDs, Inc. (U.S.), VIRENCE HEALTH (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare, LLC (U.S.), Athenahealth (U.S.), NXGN Management, LLC (U.S.), Medical Information Technology, Inc. (U.S.), MEDHOST. (U.S.), Greenway Health, LLC (U.S.), Aprima (U.S.) and Azalea Health Innovations, Inc, (U.S.), among others |
Market Opportunities |
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Market Definition
Ambulatory electronic health records are basically designed so they can be used for outpatient care facilities and smaller practices. This helps in providing access to the health providers so they can go through the medical history of the patient which is stored in the electronic data base.
Global Ambulatory Electronic Health Records Market Dynamics
Drivers
- Need for Improved Healthcare Efficiency and Patient Care
Ambulatory EHR systems offer several benefits that contribute to improved healthcare efficiency and patient care. These systems streamline administrative tasks, automate clinical workflows, reduce documentation errors, and improve access to patient information. Healthcare providers are increasingly recognizing the value of EHR systems in enhancing overall healthcare delivery.
- Increasing Focus on Interoperability and Data Exchange
Interoperability and data exchange capabilities are crucial for the effective utilization of EHR systems. With the growing emphasis on coordinated care and information sharing across healthcare settings, the demand for ambulatory EHR systems that can seamlessly integrate and exchange data with other systems, such as hospital EHRs and health information exchanges, is increasing.
Opportunities
- Integration with Advanced Technologies
The integration of ambulatory EHR systems with advanced technologies, such as artificial intelligence (AI), machine learning, and predictive analytics, presents an opportunity for enhanced clinical decision support, personalized medicine, and improved patient outcomes. By leveraging these technologies, ambulatory EHR vendors can provide innovative solutions that improve efficiency, accuracy, and patient care.
- Patient-Centered Care and Engagement
The shift towards patient-centered care and increased patient engagement creates opportunities for ambulatory EHR vendors to develop solutions that empower patients, facilitate shared decision-making, and improve patient-provider communication. By focusing on patient-centric features and functionalities, ambulatory EHR vendors can differentiate themselves in the market and meet the evolving needs of healthcare consumers.
Restraints/Challenges
- Cost and Affordability
Implementing and maintaining an ambulatory EHR system can be costly for healthcare organizations, especially for smaller practices or resource-constrained settings. The initial investment, ongoing maintenance, staff training, and potential customization can pose financial challenges. Affordability remains a significant restraint, particularly for healthcare providers with limited resources.
- Resistance to Change and Adoption
The adoption of ambulatory EHR systems often requires significant changes in workflows and processes, which can be met with resistance from healthcare providers and staff. The reluctance to embrace new technologies, concerns about disruptions in productivity, and the learning curve associated with using EHR systems can hinder adoption rates and slow down the market growth.
- User Interface and Usability Issues
The usability of ambulatory EHR systems can vary, and poorly designed user interfaces can lead to user frustration, decreased efficiency, and potential errors. If the EHR system does not align with the clinical workflows or is difficult to navigate, it can hinder user adoption and satisfaction.
- Data Privacy and Security Concerns
The protection of patient data is of utmost importance in healthcare. Ambulatory EHR systems store sensitive patient information, and any breaches in data privacy and security can have severe consequences. Healthcare organizations and ambulatory EHR vendors face the challenge of ensuring robust security measures, complying with privacy regulations, and safeguarding patient data from unauthorized access or cyber threats.
This ambulatory electronic health records market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Ambulatory Electronic Health Records market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.
Recent Developments
- In March 2023, NextGen Healthcare, an ambulatory EHR vendor, launched Mirth Cloud Connect, a cloud-based solution that aims to streamline healthcare interoperability. The tool integrates patient data flow from multiple trusted sources for actionable insights at the point of care
- In April 2023, eClinicalWorks, an ambulatory cloud EHR, reported that The Palm Plastic Surgery & Medspa is transitioning to the intelligent eClinicalWorks Cloud and Healow to streamline workflows and enhance patient engagement. Palm Plastic Surgery & Medspa is an aesthetic and reconstructive surgery practice
Global Ambulatory Electronic Health Records Market Scope
The ambulatory electronic health records market is segmented on the basis of delivery mode, application, practice size, function and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Delivery Mode
- Cloud-Based Solutions
- On-Premise Solutions
Application
- Practice Management
- Patient Management
- E-Prescribing
- Referral Management
- Population Health Management
- Decision Support
- Health Analytics
Practice Size
- Large Practices
- Small-to-Medium-Sized Practices
- Solo Practices
Function
- Reporting
- Planning
- Billing
- Analysis
- Remote Medicine Engagement
- Medical Assistance
End-Users
- Hospital-Owned Ambulatory Centers
- Independent Centers
Global Ambulatory Electronic Health Records Market Regional Analysis/Insights
The global Ambulatory Electronic Health Records market is analysed and market size insights and trends are provided by delivery mode, application, practice size, function and end users as referenced above.
The countries covered in the ambulatory electronic health records market report are U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Rest of Middle East and Africa.
North America dominates the ambulatory electronic health records market because of the strong base of healthcare facilities, the strong presence of major players in the market, the extraordinary healthcare infrastructure, and the large pool of people needing treatment facilities.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology for diagnosis and treatment procedures, the large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The ambulatory electronic health records market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the ambulatory electronic health records market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the ambulatory electronic health records market.
Competitive Landscape and Ambulatory Electronic Health Records Market Share Analysis
The ambulatory electronic health records market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the company's focus related to the ambulatory electronic health records market.
Some of the major players operating in the ambulatory electronic health records market are:
- Epic Systems Corporation (U.S.)
- Cerner Corporation (U.S.)
- eClinicalWorks (U.S.)
- Practice Fusion, Inc. (U.S.)
- eMDs, Inc. (U.S.)
- VIRENCE HEALTH (U.S.)
- McKesson Corporation (U.S.)
- Allscripts Healthcare, LLC (U.S.)
- Athenahealth (U.S.)
- NXGN Management, LLC (U.S.)
- Medical Information Technology, Inc. (U.S.)
- MEDHOST. (U.S.)
- Greenway Health, LLC (U.S.)
- Aprima (U.S.)
- Azalea Health Innovations, Inc, (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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