Ambulatory EHR Market
Market Segments:By Delivery Mode (Cloud-based and On-premise); By Application (Practice Management, Patient Management, e-Prescribing, Referral Management, Population Health Management, Aprilision Support and Health Analytics); By End-User (Hospital-Owned Ambulatory Centers and Independent Centers); and Region – Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Ambulatory EHR is a device that requires doctors to retain patients’ electronic data in order to monitor their medical history and long-term care. This is the digital equivalent of the paper chart of the patient known as the electronic health record (EHR). Detailed and detailed information about each patient is obtained using these systems and full documentation of their wellbeing is recorded.
Ambulatory EHR Market is expected to project a notable CAGR of 5.5% in 2030.
Ambulatory EHR Market to surpass USD 7.4 Billion by 2030 from USD 4.8 Billion in terms of value growing at a CAGR of 5.5% throughout the forecast period, i.e., 2020-30. Growing government funding for the implementation of EHR solutions and the need to minimize healthcare costs are expected to drive the outpatient EHR market over the years projected.
Ambulatory EHR Market: Segments
Cloud-based solutions Segment to grow with the highest CAGR of 13.2% during 2020-30
Ambulatory EHR Market is segmented by delivery mode as on-premise and cloud-based solutions. The cloud-based solutions segment is estimated to lead the market with a share of over XX.X% which mainly driven by the advantages associated with cloud-based solutions, which include flexibility and cost reductions in healthcare delivery. The need to install hardware and purchase software licenses is also reduced by cloud-based solutions, contributing to a significant reduction in deployment costs.
Ambulatory EHR Market: Market Dynamics
Rising Adoption of EHR Solutions in Developed Markets
HCIT sector is widely regarded as one of the fastest-growing sectors, which is largely benefiting from government regulations. A core component of HCIT is EHRs. Ambulatory EHRs are a digital version of medical records of outpatient treatment. Data such as demographics, progress records, prescriptions, care plans, vital signs, medical history, immunizations, laboratory data and reports on radiology are included.
Regulatory Barriers and Heavy Investment on Infrastructure
Many healthcare providers actually do not have the appropriate resources to address complicated healthcare circumstances. Providers need to invest extensively in infrastructural growth to effectively introduce ambulatory EHR solutions. In terms of Its infrastructure, investments are needed to increase the capacity for data storage and processing. Seeking the requisite investments to build this infrastructure presents a significant challenge to healthcare providers already strained financial resources.
Ambulatory EHR Market: Key Players
• Allscripts Healthcare Solutions Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• eMDs, Inc.
• Athenahealth Inc.
• Cerner Corporation
• Epic Systems Corporation
• Greenway Health
• Medical Information Technology Inc.
• Nextgen Healthcare Information Systems LLC
Ambulatory EHR Market: Regions
Ambulatory EHR Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Ambulatory EHR Market in North America led the market with a lion share of more than XX.X% in 2019 and is projected to maintain its lead over the forecast period while Europe held the second-largest share.
North America’s dominance can be attributed to the rapid introduction of EHR programmes, a rising array of government measures to promote healthcare, and the region’s growing geriatric population. Due to high investment by governments, non-profit organizations, and the private sector in EHR systems, Asia-Pacific is expected to be the fastest-growing region.
In different countries such as India and China, the rising ageing population and increasing incidences of chronic diseases are the factors responsible for growth. The area also has a better network of hospitals and training programmes that increase the presence of general practitioners and outpatient care services.
Ambulatory EHR Market report also contains analysis on:
Ambulatory EHR Market Segments:
By Deployment mode:
• Hospital-Owned Ambulatory Centers
• Independent Centers
• Ambulatory EHR Market Dynamics
• Ambulatory EHR Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Ambulatory EHR Market
· Which segment is anticipated to hold the largest market share?
· At what CAGR is the market anticipated to grow between 2020 and 2030?
· Who are the key players in the Ambulatory EHR Market?
· What could be the challenging factors in the growth of Ambulatory EHR Market?
· What are the growth drivers for the Ambulatory EHR Market?