Ambulatory EHR Market | Worldwide Popularity of Cloud-based Ambulatory EHR Solutions Drive Market Growth
The integration of healthcare IT solutions with EHR stands as the key factor promoting the growth of the global ambulatory EHR market during the forecast period, 2019 - 2029. An ambulatory EHR is provided to patients at a medical facility for overnight assistance and is mainly used in hospitals. They can also be used by small physicians for outpatients wherein overnight surveillance is not mandatory. This device provides electronic data recording and sharing technology for an enhanced medical experience and better therapeutics. According to data by Definitive Healthcare, an estimated 92% or more hospitals in the U.S. have EHR systems.
The global ambulatory EHR market is classified on the basis of application, end user, delivery mode, and practice size. Based on application, the market is segmented into e-prescribing, patient & referral management, health analytics, and practice management. In terms of end user, the market is bifurcated into hospitals and independent centers. The delivery mode segment is further categorized into cloud-based solutions and on-premise solutions. With respect to categorization by practice size, the market is divided into solo, small-to-medium, and large. Among these, the cloud-based solutions segment is holding the dominant share on account of its flexibility and cost efficiency.
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The report offers a comprehensive overview of the market and its prime growth trajectories such as drivers, restraints, challenges, and future opportunities. An elaborate analysis of TMRs (Trends, Manufacturers, and Regions) etched with the ambulatory EHR market is offered by the report.
Ambulatory EHR Market: Competitive Analysis
Players operating in this market include NetSmart Technologies, LLC, Athena health, Inc., NextGen Healthcare Information Systems, Medical Transcription Billing Corporation, eMDs Inc., Allscripts healthcare Solutions, Epic Systems Corporation, Greenway Health, MEDITECH, Medical Transcription Billing Corporation (MTBC), CureMD, Modernizing Medicine Inc., Amazing Charts, eClinicalWorks, Epic Systems Corporation, and others. The main objective of the players is to offer better cloud-based solutions for EHR, thereby gaining a competitive edge in the market.
Ambulatory EHR Market: Key Trends
The rise in geriatric population and their vulnerability to various acute and chronic diseases have propelled the demand for new hospital equipment. The increasing awareness about EHR solutions and its advantages among healthcare providers is boosting the growth of the global ambulatory EHR market. Additionally, the rise in per capita disposable income of people has propelled consumers to opt for advanced healthcare facilities, thereby aiding the expansion of the market. Furthermore, the worldwide popularity of cloud-based ambulatory EHR solutions and the wide adoption of e-health are expected to help the market attract more revenues between 2019 and 2029.
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Ambulatory EHR Market: Regional Insights
Regionwise, the market is widespread into the regions of Europe, North America, Latin America, South America, Asia Pacific, and the Middle East and Africa. The above regions are further classified on the basis of nations. Among these, Asia Pacific is holding the dominant position in the market on account of the increasing disposable incomes of people in the developing nations such as India, and China, and their willingness to spend more on better medical therapeutics. Besides this, the increasing investments and reforms of modernizing the healthcare infrastructure of the aforementioned countries will also help this region continue dominating the market in the coming years.
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