USD 5.8 billion
Ambulatory Electronic Health Record Market Size, Share, Growth Analysis, By Deployment(Cloud-based, On-premises), By Application(e-Prescribing, Health Analytics, Practice Management, Referral Management), By Region - Industry Forecast 2024-2031
Report ID:
SQSG35G2018 |
Region:
Global |
Published Date: April, 2024
Pages:
248
|Tables:
66
|Figures:
75
Ambulatory Electronic Health Record Market Insights
Ambulatory Electronic Health Record Market size was valued at USD 5.8 billion in 2019 and is poised to grow from USD 6.12 billion in 2023 to USD 9.6 billion by 2031, growing at a CAGR of 5.76% in the forecast period (2024-2031).
The term "electronic health record" refers to the patient's paper chart's digital equivalent (EHR). EHRs serve as the patient's record, enabling authorised people to safely access the data about the patient. EHR contains a variety of data, including medical history, drug allergies and status, immunisation status, personal statistics, lab test results, demographics, etc. Through network-connected systems or other information exchange systems, the data on EHR can be distributed among various healthcare settings. EHRs enable doctors to make better decisions and provide better patient care coordination.
Over the course of the projection period, it is predicted that the global ambulatory EHR market would expand significantly. One of the key factors contributing to the market's expansion is the rise in EHR solution utilisation. During the projected period, the worldwide ambulatory EHR market is expected to develop due to reasons such as automated data entry, simple billing management, supporting clinical decision-making, secure medical information transmission, minimal time needed for billing, etc. Additionally, the rise in demand for healthcare services, government support for the use of HCIT (Healthcare Information Technologies), and other important factors will continue to propel the growth of the global ambulatory EHR market through 2028.
US Ambulatory Electronic Health Record Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Cloud-based
Fastest Growth
Cloud-based
Growth Rate
5.76% CAGR
Global Ambulatory Electronic Health Record Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Ambulatory Electronic Health Record Market Segmental Analysis
The global ambulatory electronic health record market segmentation is based on deployment, application, and region. Based on deployment the market is segmented into cloud-based, and on-premises. Based on application the market is segmented into e-prescribing, health analytics, practice management, referral management, patient management, decision support, and population health management. Based on region the global ambulatory electronic health record market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Ambulatory Electronic Health Record Market Analysis by Deployment
In 2021, the cloud-based segment dominated the global ambulatory electronic health record market. A growing need for managing large patient data sets and an increased inclination towards cloud-based platforms due to benefits like convenient access, mobility, reduced maintenance costs, flexibility, and improved data security are driving the growth of the cloud-based market in the upcoming years. Cost-effective services and the benefits of consumer-friendly software components are a couple of the factors propelling the market for cloud-based solutions. These electronic health records are cloud-based, which enhances their security by managing and storing patient information. Additionally, they let doctors and other healthcare professionals manage who has access to private data.
Ambulatory Electronic Health Record Market Analysis by Application
Over the forecast years, the practice management sector is estimated to account for the highest revenue share. A growing market for sophisticated electronic health records solutions for upcoming appointments, ability to handle patient data, and billing tasks can be driven by the rising patient admissions, the quick implementation of EHR systems in ambulatory care for improved management of clinical practices, and lower transcription costs, and the increase in patient admissions.
Global Ambulatory Electronic Health Record Market By Deployment, 2021 (%)
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Ambulatory Electronic Health Record Market Regional Insights
In 2021, North America accounted for the majority of ambulatory EHR market share. During the projected timeline, North America is projected to have the largest revenue share in the global market. The rise in chronic illness incidence and emergency room visits, the quick adoption of EHR systems in ambulatory care services across the area, and high health insurance costs are some of the factors contributing to revenue growth. Increased government and private sector spending, growing knowledge of the advantages of EHR systems for ambulatory centers, and a strong focus on the development of cutting-edge EHR software are all expected to contribute to the growth of the North American market over the forecast years.
A large portion of the potential for the global ambulatory electronic health record (EHR) market is in the Asia Pacific and Middle East & Africa regions due to the rising demand for intelligent systems, the shortcomings of traditional clinical processes, and significant investments made by governmental and non-profit organizations. During the projection period, it is anticipated that the Asia Pacific market will rise more quickly. Due to factors like rising disposable income, acceptance of healthcare solutions for higher quality of life, increased knowledge of healthcare, and widespread use of digital solutions in nations like China and India, among others, the Asia Pacific region is the most attractive market.
Global Ambulatory Electronic Health Record Market By Geography, 2022-2028
- Largest
- Fastest
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Ambulatory Electronic Health Record Market Dynamics
Ambulatory Electronic Health Record Market Driver
- A wide range of medical treatments and services are provided by outpatient care facilities. These facilities mostly consist of doctor's offices, ERs, and outpatient wings of ambulatory care facilities. The industry is moving toward outpatient settings to cut the price of care as stress on healthcare systems to reduce costs of care increases. The market for and use of EHR solutions in outpatient settings is predicted to increase in the future as a result of the expansion of outpatient settings and the rising patient volume.
- Many medical professionals believe that building, sustaining, including using electronic systems takes a lot of time because they lack the technological know-how to use EHR solutions in emerging economies such As India, China, Brazil, Mexico, Kenya, and Peru. Many healthcare professionals are hesitant to switch from conventional paper-based patient records to electronic solutions. For medical professionals and other personnel to enter patient medical data, notes, and prescriptions into EHRs, they must possess the necessary skillsets.
Ambulatory Electronic Health Record Market Restraint
- Ambulatory electronic health record (EHR) market demand is being hindered by high software development and deployment costs, commonly documented incidents of a data breach, ineffective data management systems, the complexity of trying to migrate from conventional to sophisticated technology, and a lack of IT-friendly medical staff.
- Ambulatory electronic health records market expansion would be hampered over the projection period given above by several factors, including high infrastructure investment and rising cost pressures.
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Ambulatory Electronic Health Record Market Competitive Landscape
The ambulatory EHR market is competitive, fragmented, and dominated by a small number of major players. The majority of businesses in the market are technologically competent, but they need a lot of help to expand their operations and improve their services. As a result, mergers and acquisitions have a significant chance of grabbing the interest of a sizable number of hospitals and providers from around the industrialized globe. For instance, to streamline the process of onboarding hospitals, Medical Information Technology Inc. collaborated with MedPower, LLC in April 2021 to offer online training courses to hospitals that utilize MEDITECH's EHR systems.
Ambulatory Electronic Health Record Market Top Player’s Company Profiles
- Cerner Corporation
- Epic Systems Corporation
- Allscripts Healthcare Solutions, Inc.
- NextGen Healthcare, Inc.
- eClinicalWorks
- Athenahealth, Inc.
- Medical Information Technology, Inc. (Meditech)
- Greenway Health LLC
- Practice Fusion, Inc.
- AdvancedMD, Inc.
- GE Healthcare
- McKesson Corporation
- Siemens AG
- Philips Healthcare
- eMDs, Inc.
- Aprima Medical Software, Inc.
- CPSI (Computer Programs and Systems), Inc.
- AmazingCharts, LLC
- Compulink Healthcare Solutions
- CureMD Healthcare
Ambulatory Electronic Health Record Market Recent Development
- In March 2022, Expanse Ambulatory, a cloud-based service offered by MEDITECH, begins to give users immediate access through a regular web browser. It intends to offer practical features like drag-and-drop scheduling, automated patient communications, interactive reporting dashboards, as well as effective physician processes. It provides doctors with a customizable and individualized user experience.
- In August 2021, Medical Advantage, a top provider of healthcare solutions like EHR, and Augmedix, a leading provider of tech-enabled services that convert real-time clinician-patient conversations into accurate medical documentation, announced a partnership to expand the use of Augmedix's virtual documentation solution among physician groups.
- In June 2021, CarePort Ambulatory was launched, a technology that enables ambulatory clinicians to work more effectively with the community- and home-based organizations and track patients in various settings.
Ambulatory Electronic Health Record Key Market Trends
- Due to the benefits of user-friendly software models and cost-effective services, the cloud-based sector is anticipated to account for a significant portion of the worldwide ambulatory EHR market. The global ambulatory EHR market can be segmented into privately owned and hospital-owned facilities based on the end users. Due to the ever-increasing number of hospitals engaged in expansion and the decreased operational costs brought on by EHR, among other factors, hospital owned centres are predicted to hold the lion's share of the global market.
Ambulatory Electronic Health Record Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, in 2021, the global market for ambulatory electronic health records was dominated by cloud-based solutions. The practice management industry is expected to contribute the largest share of revenues during the forecasted years. The largest market share for ambulatory EHR was in North America in 2021. The Asia Pacific and Middle East & Africa regions have a substantial percentage of the potential for the worldwide ambulatory electronic health record (EHR) market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.8 billion |
| Market size value in 2031 | USD 9.6 billion |
| Growth Rate | 5.76% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ambulatory Electronic Health Record Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ambulatory Electronic Health Record Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ambulatory Electronic Health Record Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ambulatory Electronic Health Record Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ambulatory Electronic Health Record Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ambulatory Electronic Health Record Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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