According to a new market research report titled ‘Ambulatory EHR Market by Delivery Mode (Cloud-based, On-premise), Practice Size (Large, Small-to-Medium, Solo), Application (Patient Portals, Practice Management, CDS, Computerized Physician Order Entry, PHM), and End User - Global Forecast to 2028’ published by Meticulous Research®, the ambulatory EHR market is expected to reach $6.74 billion by 2028 at a CAGR of 5.2% from 2021 to 2028.
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Physicians can monitor a patient’s medical history and provide long-term care more easily using ambulatory EHR systems. Physicians use this software to gather detailed, relevant information about every patient, creating comprehensive databases of their personal health records. These extensive databases help doctors gain a better understanding of patients’ health, thereby simplifying diagnosis.
Growing government support for the adoption of EHR solutions, patients’ increasing preference for ambulatory care over in-patient care, and the rising need to reduce operating costs in the healthcare industry are key factors driving the growth of the ambulatory EHR market. The integration of artificial intelligence (AI) and machine learning (ML) technologies and the changing technological landscape in developing countries are expected to offer significant growth opportunities for the players operating in this market.
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Based on deployment mode, the cloud/web-based segment accounted for the largest share of the market in 2020. Cloud/web-based solutions are gaining popularity worldwide as these solutions enable ambulatory centers to exchange and integrate data from multiple locations or systems in realtime. The advantages of cloud platforms, such as flexibility, real-time monitoring, data security, and lower implementation costs compared to on-premise deployment, drive the demand for these solutions.
Based on practice size, the large practices segment accounted for the largest share of the market in 2021. Large practices are organizations with more than 50–100 physicians. It has been observed that the proportion of large practices is growing rapidly, while the proportion of smaller practices has dropped due to the rising consolidation of ambulatory centers. Smaller practices are disadvantaged in terms of health IT resources, while most small-to-medium-sized practices are expected to eventually join larger organizations. Thus, the rising number of large practices drives the growth of this segment.
Based on application, the practice management segment accounted for the largest share of the market in 2021. Practice management software is intended to enhance the productivity of day-to-day operations in ambulatory clinics by simplifying clinical workflows, automating billing, assisting with claims management, and increasing overall efficiency. The segment’s large share is attributed to the benefits of ambulatory EHR in improving operational performance and increasing the value of services provided to patients.
Based on end user, the hospital-owned ambulatory centers segment accounted for the largest share of the market in 2021. Hospital-owned ambulatory centers are usually required to meet hospital accreditation standards greater than those of non-hospital-based outpatient clinics. They have to maintain patient care standards to provide high-quality care to patients. The growing need to organize unstructured health data and the availability of resources to easily adopt EHR solutions drive the growth of this segment.
The key players dominating the 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 (U.S.), and AdvancedMD, Inc. (U.S.).
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