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on May 15, 2024
Ambulatory electronic health records or EHR refer to a digital record of patient health information generated by clinical facilities such as ambulatory care centers, private clinics, and physician offices. The benefits of ambulatory EHR include increased availability of patient data, less redundant paperwork, enhanced clinical decisions, improved quality of care, and reduced healthcare costs. The growing demand for integrated healthcare systems and patient-centric care along with increasing government initiatives to promote EHR adoption is contributing to the growth of the global ambulatory EHR market.
The global ambulatory EHR market is estimated to be valued at US$ 9.98 Bn in 2024 and is expected to exhibit a CAGR of 6.6% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global ambulatory EHR market are Allscripts Healthcare Solutions Inc., eMDs, Inc., Athenahealth Inc., Oracle Corporation, eClinicalWorks, Epic Systems Corporation, Greenway Health, LLC, Medhost, Medical Information Technology Inc., Nextgen Healthcare Information Systems LLC, CureMD, Mckesson Corporation, CoverMyMeds LLC, Crener Corporation, and NetSmart Technologies. Allscripts Healthcare Solutions Inc., Epic Systems Corporation, Cerner Corporation, and eClinicalWorks together account for over 50% of the global ambulatory EHR market share.
The key opportunities in the Ambulatory EHR Market Demand include ambulatory EHR integrated with telehealth services, blockchain technology integration in EHR, and development of AI-driven EHR solutions. Geographically, North America dominated the global ambulatory EHR market in 2024. However, APAC is anticipated to witness the highest growth during the forecast period owing to rising healthcare infrastructure development and growing medical tourism in countries such as India and China.
Market Drivers
Government initiatives promoting EHR adoption: Governments across various countries are undertaking initiatives to promote the adoption of EHR systems among healthcare providers through incentive programs. For instance, the HITECH Act in the US provided incentives worth over USD 30 billion for implementation of EHR systems. Such initiatives are expected to drive the demand for ambulatory EHR solutions during the forecast period.
Rising focus on patient-centric care: There is a growing focus on patient-centric healthcare delivery models to provide more personalized care. The collection and integration of patient health data using EHR helps healthcare providers deliver enhanced patient-centric care and experiences. This is anticipated to fuel the growth of ambulatory EHR market.
Market Restraints
Data privacy and security concerns: Despite the various benefits, EHR systems raise concerns regarding privacy and security of sensitive patient health information stored digitally. Stringent regulations around data privacy and security pose challenges for widespread adoption of ambulatory EHR solutions.
High implementation costs: Implementation and maintenance of EHR systems requires huge initial investments and ongoing operational costs. This acts as a major restraint, especially for small physician clinics and healthcare providers in price-sensitive markets.
Segment Analysis
The global ambulatory EHR market can be segmented based on delivery mode and practice size. The cloud-based solutions segment currently dominates the market as it is more cost-effective, mobile, and offers on-demand access to patient data. Cloud systems have become increasingly affordable and common for smaller practices. In terms of practice size, small practices with 1-10 physicians are increasingly adopting cloud-based EHRs as they require lower upfront costs compared to on-premise EHR systems. The small practice segment is expected to continue its dominance over the forecast period due to robust demand from sole practitioners and small groups.
Global Analysis
On a regional basis, North America accounts for the largest share of the global ambulatory EHR market and is expected to maintain its lead. High penetration of electronic medical record systems among ambulatory care centers and physician offices in the US is a key factor driving the North American market. Asia Pacific is poised to emerge as the fastest growing regional market over the coming years. This can be attributed to governments of various Asian countries taking initiatives to strengthen primary care through adoption of digital technologies. Moreover, rising healthcare expenditure, increasing number of hospitals and clinics, and rapid development of healthcare infrastructure are boosting the APAC ambulatory EHR market.
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