According to the new market research report Ambulatory EHR Market
is expected to reach USD 6.8 billion by 2025 from USD 5.2 billion in
2020, at a CAGR of 5.7% during the forecast period of 2020 to 2025.
Growth in the global ambulatory EHR market
can primarily be attributed to various factors such as government
support for the adoption of EHR solutions, increasing number of
outpatient care centers, growing patient volume due to the global
outbreak of COVID-19, and the need to curtail healthcare costs. On the
other hand, market growth is limited to a certain extent due to factors
such as reluctance to adopt EHR solutions in developing countries, heavy
infrastructure investments, and the high cost of deployment.
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Based on delivery mode,
the hospital EHR market is segmented into on-premise and cloud-based
solutions. In 2019, the cloud-based solutions segment accounted for the
largest share of the market. The market is mainly driven by the
advantages associated with cloud-based solutions, which include
flexibility and cost reductions in healthcare delivery.
On the basis of application,
the global market has been segmented into practice management, patient
management, e-prescribing, referral management, population health
management, decision support, and health analytics. The practice
management segment commanded the largest share of the global ambulatory
EHR market in 2019. The significant share of this application segment
can primarily be attributed to the wide range of advantages associated
with practice management solutions, including increased efficiency of
day-to-day operations, enhanced value of services provided to patients,
and improved adherence to compliance requirements.
Some of the key players competing in the ambulatory EHR market
are Epic Systems Corporation (US), Cerner Corporation (US), Allscripts
Healthcare Solutions (US), Medical Information Technology, Inc.
(MEDITECH, US), CPSI (US), Modernizing Medicine, Inc. (US), NextGen
Healthcare Information Systems, LLC (US), eClinicalWorks (US),
athenahealth, Inc. (US), Medical Transcription Billing Corporation
(MTBC, US), Amazing Charts, LLC (US), Greenway Health (US), eMDs, Inc.
(US), NetSmart Technologies (US), and CureMD (US). These players have
adopted various growth strategies such as partnerships, agreements,
collaborations, new product launches, and acquisitions to increase their
presence in the global ambulatory EHR market.
Epic Systems (US)
was the leading player in the ambulatory EHR market in 2019. Epic’s
position in the market is mainly due to the innovative EHR solutions
offered by the company. The company also focuses on improving its
geographic presence across the globe and integrating its EHR solutions
with other healthcare IT solutions to improve the quality of care and
enhance productivity for healthcare providers. In this regard, in 2019,
the company partnered with Teledoc Health (US) with the aim to integrate
Epic’s EHR solutions with telehealth solutions and tools that can
deliver real-time pharmacy data. The company also focuses on R&D
activities to develop its ambulatory EHR that meet the customers’
demands.
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The ambulatory EHR market
is predominantly divided into five major geographies, namely, North
America, Europe, Asia Pacific, Latin America, and Middle East &
Africa. North America accounted for the largest share of this market,
followed by North America. Growth in the North American market can be
attributed to factors such as federal mandates, the increasing geriatric
population, collaboration between stakeholders, the need to curtail
healthcare costs, payment deductions driving the adoption of EHR,
conferences and workshops to raise awareness in the US, growing efforts
to enhance healthcare delivery, and the adoption of digital
recordkeeping in Canada.
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