Ambulatory EHR Market Size to Reach USD 7.01 Billion in 2028 Growing at a CAGR of 5.4%, says Emergen Research
Emergen Research has published its latest report titled “Ambulatory EHR Market, By Deployment (Cloud-based, On-premise), By Practice Size (Solo Practices, Large Practices, Small and medium-sized Practices), By Application (e-Prescribing, Health Analytics, Practice Management, Referral Management, Patient Management, Decision Support, Population Health Management), By End-use (Independent Centers, Hospital-owned Ambulatory Centers, Others), and By Region, Forecast to 2028”
According to Emergen Research, the global ambulatory EHR market size was USD 4.72 billion in 2020 and is expected to reach USD 7.01 billion in 2028 and register a revenue CAGR of 5.4% during the forecast period, 2021-2028.
Major factors driving revenue growth of the global ambulatory EHR market are growing need for reducing operational costs in healthcare facilities, rising demand for convenient and faster billing management solutions and automated data entry systems, rapid adoption of ambulatory EHR (electronic health records) solutions, and increased government spending on infrastructure development of healthcare facilities. Electronic health record (EHR) is a systematized collection of patient information and data stored securely in a digital format. These systems enable faster and more convenient transfer or exchange of patient records across different healthcare settings. EHRs include patient data such as medical history, immunization status, radiology images, laboratory test results, billing information, and personal statistics such as age, sex, and weight.
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The COVID-19 pandemic has led to a significant impact on the global ambulatory EHR market growth. Exponential rise in COVID-19 cases worldwide, growing rate of hospital admissions, rising demand for EHR solutions in hospitals and ambulatory care centers, and increasing government initiatives to advance electronic patient health record platforms are driving the global market revenue growth to a significant extent.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Patient Management Segment Accounted for Largest Revenue Share in 2020:
Based on application, the global ambulatory EHR market is segmented into e-prescribing, health analytics, practice management, referral management, patient management, decision support, and population health management. The patient management segment dominated other segments in terms of largest revenue share in the global market in 2020. Significantly rising coronavirus cases across the globe, rapidly increasing patient pool, and growing need for patient management systems in healthcare facilities to track and monitor large amounts of patient data and records are among the key factors driving the revenue growth of this segment.
Hospital-owned Ambulatory Centers Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global ambulatory EHR market is segmented into independent centers, hospital-owned ambulatory centers, and others. The hospital-owned ambulatory centers segment is projected to register the fastest revenue CAGR in the global market over the forecast period. Major factors boosting this segment’s revenue growthare rising adoption of EHR solutions in hospital-owned ambulatory centers, increasing government investments inhealthcare infrastructure development, and rising awareness of the advantages of EHR systems.
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North America Accounted for Largest Revenue Share:
Among regional markets, the North America ambulatory EHR market held the largest revenue share in the global market in 2020. Rising prevalence of chronic and acute ailments, increasing rate of hospital admissions, rapid adoption of EHR systems, and increased government spending on infrastructure development of healthcare facilities are among the most important factors driving the regional market revenue growth. Increasing number of ambulatory care centers and presence of state-of-the-art healthcare infrastructure in the region further drive the North America market growth.
Major Companies in the Global Ambulatory EHR Market Include:
- Modernizing Medicine, Inc.
- CureMD Healthcare Corporation
- Epic Systems Corporation
- McKesson Corporation
- Greenway Health, LLC
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- Medical Information Technology
- CareCloud, Inc.
- Computer Programs and Systems, Inc.
For the purpose of this report, Emergen Research has segmented the global ambulatory EHR market based on deployment, practice size, application, end-use, and region:
Deployment Outlook (Revenue, USD Billion; 2018–2028)
Practice Size Outlook (Revenue, USD Billion; 2018–2028)
- Solo Practices
- Large Practices
- Small-medium-sized Practices
Application Outlook (Revenue, USD Billion; 2018–2028)
- Health Analytics
- Practice Management
- Referral Management
- Patient Management
- Decision Support
- Population Health Management
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Independent Centers
- Hospital-owned Ambulatory Centers
Region Outlook (Revenue, USD Billion; 2018–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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About Emergen Research
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