The Ambulatory EHR Market Size was valued at USD 6.0 billion in 2023 and is expected to reach USD 9.7 billion by 2031, and grow at a CAGR of 6.3% over the forecast period 2024-2031.
To measure digitalisation in healthcare, the adoption rate of electronic health records in hospitals has been a key indicator across different countries. In China, where the adoption of electronic health records has been faster than in other countries, this is due to top level design and government policies which have mainly included inclusion of electronic health records (EHR) acceptance as a major indicator for evaluation of performance and appointment of public healthcare facilities. The Chinese government has invested approximately $ 4,000 million EHRs and has issued 31 national policies and 134 technical standards covering all aspects of medical care digitalization and the construction of a digital medical security system.
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DRIVERS
Patient care needs to be improved and healthcare efficiency improved
The government's support for the adoption of electronic health records solutions
One of the fastest growing sectors is the healthcare IT sector, which benefits from a large number of government regulations. In healthcare IT, ambulatory electronic health records are essential for the storage of outpatient medical records containing patient demographics, progress notes, medications, treatment plans, medical history, immunizations, laboratory results, and radiology reports. An ambulatory electronic health record facilitates easy exchange of healthcare information and communication between healthcare providers.
RESTRAINTS
Problems with the user interface and accessibility
High investment in infrastructure and a high cost of deployment
To handle complicated healthcare cases, most health care providers lack the necessary infrastructure and technology, data or other resources. In order to successfully implement ambulatory EHR solutions, providers need to invest heavily in infrastructure development. The existing financial resources of healthcare providers are severely challenged to find the necessary investment. In addition, further investment will be needed in maintaining the Digital Infrastructure. Therefore, healthcare providers are also faced with the cost of maintenance.
OPPORTUNITIES
Integration with Advanced Technologies
The patient focused health care system shift
The transition from a physician driven model to a patient centric model, where the entire healthcare system revolves around the patient for virtual meetings, test results, and other health records through electronic means of communication, is supported by new communication technologies. Patients and healthcare professionals are able to access relevant health information through HCIT solutions. Remote recording and sharing of medical records are facilitated by the shift to patient centered care, together with an increasing digitisation of products and services. The use of remote monitoring, consultation, diagnosis, treatment and prevention is expected to increase in the coming years due to a number of advantages associated with Patient Centric solutions which will lead to increased adoption of ambulatory electronic health records systems.
CHALLENGES
Resistance to change and acceptance Resistance to change and acceptance
Data Security Concerns
The major challenge for IT vendors catering to the healthcare sector, including ambulatory electronic health records software suppliers, is creating a safe and secure communication platform. Due to a lack of internal control over patients' personal information, ineffective policies and procedures as well as insufficient training for staff, approximately one third of data breaches in the healthcare sector led to human identity theft.
A large number of healthcare facilities were destroyed during Russia Ukraine war, while access to others is frequently limited because there are not enough qualified doctors in place. Some services, such as cancer treatment, have been severely disrupted. Moreover, millions of Ukrainians with chronic conditions are also suffering as due to war-related problems with execution of their long-term therapies. The availability of medicines is particularly poor in the areas under occupation. In Eastern Ukraine, according to the national statistics, about 505 pharmacies were damaged and 47 completely destroyed as of 18 August 2022. In addition, humanitarian aid provided by the Ukrainian government or other countries to these areas has been blocked by the invaders. Luckily, the acute shortage of medicines that began at the beginning of the war has been eliminated in areas under Ukrainian government control. However, even in areas where there are no military attacks, not all medicines are now fully available. Significant increases in the cost of medicines and a decline in average pay have also an enormous impact on drug affordability. By adopting new legislation, the Government of Ukraine seeks to minimise the impact of these challenges in relation to war. This includes, inter alia, simplifying procedures for the issuance of licences, quality control and importation of medicinal products to Ukraine.
During the economic slowdown, the healthcare organisations often face budgetary pressures as revenues fall or remain stagnant, while costs may rise. In this case, in order to conserve financial resources, investments in the upgrading or expansion of existing electronic health records systems may be deferred or postponed. The demand for ambulatory electronic health records systems may be significantly affected by changes in healthcare legislation, in particular as regards the implementation and use of electronic health records. For example, healthcare providers may be delaying or reducing investment in electronic health records systems if the requirements for adoption of EHRs are relaxed or delayed. In addition, for the purpose of aligning technology investment with longer term organisational objectives, healthcare organisations can examine other funding options, prioritise critical system improvements and develop a strategic plan. In addition, healthcare providers can manage costs while maintaining the integrity and efficiency of their electronic health records systems through the use of vendor partnerships and the negotiation of flexible contract terms.
By Delivery Mode
On-premise
Cloud-based
By Practice Size
Large practices
Small-to-Medium sized practices
Solo practices
The large practices segment accounted for the largest share of 48.4% of the global market in 2022 due to the major factors responsible for its largest share include key factors are the availability of capital investments, capacity to cope with productivity problems arising from new EHR adoption and flexibility in selecting suppliers.
By Application
Practice management
Patient management
E-prescribing
Referral Management
Population Health Management
Decision Support
Health Analytics
By End-use
Hospital-owned Ambulatory centers
Independent centers
Others
The hospital-owned segment represents the largest share and fastest growth rate of the ambulatory electronic health records market over the forecast period. The increased focus of patients on timely and effective treatment, the growing number of diagnostic and surgery procedures performed in hospitals can be seen as an important reason for this segment's large share and considerable growth.
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The market for ambulatory electronic health records in North America accounted for more than 50% of the global market by 2022. Increasing adoption of electronic health records systems, government initiatives and increasing numbers of older people are the major drivers for growth on the US market. The older population requires intensive care because they are susceptible to infections due to low immune levels and lengthy recovery times. As a result, their reports shall be electronically stored so that they may be kept on hand at all times. In North America, more than 80 million people aged 60 years or older will be living in 2021 and it is expected that this number will reach over 100 million by 2030.
APAC is expected to grow at a high compound annual growth rate of around 10% during the forecast period. In many countries, such as China and India, this is due to aggressive investment by governments, nongovernmental organisations and the private sector in electronic health records systems, growing ageing populations, rising incidences of chronic diseases. By 2050, the proportion of people aged 65 years and older is expected to be around 20% of the total population. In addition, COVID 19 is increasing the adoption of Digital Health Technologies throughout the world. During the pandemic, remote monitoring systems have been preferred. Telemedicine is being encouraged by governments in this region, which will bring attractive prospects for the Patient Portals sector over the next few years.
REGIONAL COVERAGE:
North America
Some of the major key players are as follows: Allscripts Healthcare Solutions, Inc., Greenway Health, LLC, Epic Systems Corporation, Cure MD Healthcare, Medical Information Technology, Inc., eClinicalWorks, Cerner Corporation, athenahealth, Inc., NextGen Healthcare, Inc, Computer Programs and Systems, Inc., Advanced MD, Inc. and Other Players.
In March 2023, Mirth Cloud Connect, a NextGen cloud solution aimed at simplifying healthcare interoperability, has been released by EHR Healthcare, an ambulatory vendor of electronic health records. The tool is designed to provide actionable health information at the point of care by integrating patient data flows from a number of trusted sources.
In April 2023, The Palm Plastic Surgery & MedSpa is upgrading to the intelligent eClinicalWorks Cloud and Healow in order to streamline its processes and increase patient engagement, according to eClinical works, an ambulatory cloud EHR. Palm Plastic Surgery & MedSpa is a cosmetic and reconstructive surgery clinic.
In January, 2022. To simplify the sharing of patient data with physicians, reduce healthcare costs and improve membership quality, Essential Healthcare US Inc. together with Epic Technologies Corporation US) have collaborated to integrate a payer portal for an electronic health records supplier.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 6 Billion |
| Market Size by 2031 | US$ 9.7 Billion |
| CAGR | CAGR of 6.3% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Delivery Mode (On-premise, Cloud-based) • By Practice Size (Large practices, Small-to-Medium sized practices, Solo practices) • By Application (Practice management, Patient management, E-prescribing, Referral Management, Population Health Management, Decision Support, Health Analytics) • By End-use (Hospital-owned Ambulatory centers, independent centers, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Allscripts Healthcare Solutions, Inc., Greenway Health, LLC, Epic Systems Corporation, Cure MD Healthcare, Medical Information Technology, Inc., eClinicalWorks, Cerner Corporation, athenahealth, Inc., NextGen Healthcare, Inc, Computer Programs and Systems, Inc., Advanced MD, Inc. |
| DRIVERS | • The implementation of EHR solutions has received government encouragement. • Outpatient care centers are becoming increasingly common. • Healthcare costs must be reduced. |
| RESTRAINTS | • Investing much on infrastructure and deploying at a high cost • In poor nations, there is a hesitancy to embrace ambulatory EHR systems. |
Ans: The Ambulatory EHR Market Size was valued at USD 6.0 billion in 2023
Ans: The Ambulatory EHR Market is to grow at a CAGR of 6.3%during the forecast period 2024-2031.
Small-to-Medium sized practices, large practices, and Solo practices are the sub segments of component of Ambulatory EHR market.
Drivers, Restraints, Opportunities, and Challenges are the factors of marketing dynamics Ambulatory EHR market.
Allscripts Healthcare Solutions, Inc., Greenway Health, LLC, Epic Systems Corporation, Cure MD Healthcare, Medical Information Technology, Inc., and eClinicalWorks are some of the key players of Ambulatory EHR market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Ambulatory EHR Market Segmentation, by Delivery Mode
9.1 Introduction
9.2 Trend Analysis
9.3 On-premise
9.4 Cloud-based
10. Ambulatory EHR Market Segmentation, by Practice Size
10.1 Introduction
10.3 Trend Analysis
10.4 Large practices
10.5 Small-to-Medium sized practices
10.6 Solo practices
11. Ambulatory EHR Market Segmentation, by Application
11.1 Introduction
11.3 Trend Analysis
11.4 Practice management
11.5 Patient management
11.6 E-prescribing
11.7 Referral Management
11.8 Population Health Management
11.9 Decision Support
11.10 Health Analytics
12. Ambulatory EHR Market Segmentation, by End User
12.1 Introduction
12.2 Trend Analysis
12.3 Hospital-owned Ambulatory centers
12.4 Independent centers
12.5 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Poland
13.3.1.2 Romania
13.3.1.3 Hungary
13.3.1.4 Turkey
13.3.1.5 Rest of Eastern Europe
13.3.2 Western Europe
13.3.2.1 Germany
13.3.2.2 France
13.3.2.3 UK
13.3.2.4 Italy
13.3.2.5 Spain
13.3.2.6 Netherlands
13.3.2.7 Switzerland
13.3.2.8 Austria
13.3.2.9 Rest of Western Europe
13.4 Asia-Pacific
13.4.1 China
13.4.2 India
13.4.3 Japan
13.4.4 South Korea
13.4.5 Vietnam
13.4.6 Singapore
13.4.7 Australia
13.4.8 Rest of Asia Pacific
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 UAE
13.5.1.2 Egypt
13.5.1.3 Saudi Arabia
13.5.1.4 Qatar
13.5.1.5 Rest of the Middle East
13.5.2 Africa
13.5.2.1 Nigeria
13.5.2.2 South Africa
13.5.2.3 Rest of Africa
13.6 Latin America
13.6.1 Brazil
12.6.2 Argentina
13.6.3 Colombia
13.6.4 Rest of Latin America
14. Company Profiles
14.1 Allscripts Healthcare Solutions, Inc.
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Greenway Health, LLC
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Epic Systems Corporation
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Cure MD Healthcare
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Medical Information Technology, Inc.
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 eClinicalWorks
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Cerner Corporation
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Athenahealth, Inc.
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 NextGen Healthcare, Inc
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Computer Programs and Systems, Inc.
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
14.11 Advanced MD, Inc.
14.11.1 Company Overview
14.11.2 Financial
14.11.3 Products/ Services Offered
14.11.4 SWOT Analysis
14.11.5 The SNS View
14.12 Bio3D Technologies
14.12.1 Company Overview
14.12.2 Financial
14.12.3 Products/ Services Offered
14.12.4 SWOT Analysis
14.12.5 The SNS View
14.13 Laser GmbH
14.13.1 Company Overview
14.13.2 Financial
14.13.3 Products/ Services Offered
14.13.4 SWOT Analysis
14.13.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
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