What is the global market size of Ambulatory Electronic Health Record Market?

Ambulatory Electronic Health Record Market size was valued at USD 5.8 billion in 2021 and is poised to grow from USD 6.12 billion in 2022 to USD 9.6 billion by 2030, growing at a CAGR of 5.76% in the forecast period (2023-2030).

What is the key market trend for Global Ambulatory Electronic Health Record Market?

Due to the benefits of user-friendly software models and cost-effective services, the cloud-based sector is anticipated to account for a significant portion of the worldwide ambulatory EHR market. The global ambulatory EHR market can be segmented into privately owned and hospital-owned facilities based on the end users. Due to the ever-increasing number of hospitals engaged in expansion and the decreased operational costs brought on by EHR, among other factors, hospital owned centres are predicted to hold the lion's share of the global market.

Global Ambulatory Electronic Health Record Market Size, Share, Growth Analysis, By Deployment(Cloud-based, On-premises), By Application(e-Prescribing, Health Analytics) - Industry Forecast 2024-2031

Report ID: SQSG35G2018 | Region: Global | Published Date: April, 2024
Pages: 248 | Tables: 66 | Figures: 75

Global Ambulatory Electronic Health Record Market Dynamics

Ambulatory Electronic Health Record Market Driver

A wide range of medical treatments and services are provided by outpatient care facilities. These facilities mostly consist of doctor's offices, ERs, and outpatient wings of ambulatory care facilities. The industry is moving toward outpatient settings to cut the price of care as stress on healthcare systems to reduce costs of care increases. The market for and use of EHR solutions in outpatient settings is predicted to increase in the future as a result of the expansion of outpatient settings and the rising patient volume.
Many medical professionals believe that building, sustaining, including using electronic systems takes a lot of time because they lack the technological know-how to use EHR solutions in emerging economies such As India, China, Brazil, Mexico, Kenya, and Peru. Many healthcare professionals are hesitant to switch from conventional paper-based patient records to electronic solutions. For medical professionals and other personnel to enter patient medical data, notes, and prescriptions into EHRs, they must possess the necessary skillsets.

Ambulatory Electronic Health Record Market Restraint

Ambulatory electronic health record (EHR) market demand is being hindered by high software development and deployment costs, commonly documented incidents of a data breach, ineffective data management systems, the complexity of trying to migrate from conventional to sophisticated technology, and a lack of IT-friendly medical staff.
Ambulatory electronic health records market expansion would be hampered over the projection period given above by several factors, including high infrastructure investment and rising cost pressures.

Global Ambulatory Electronic Health Record Market Report Snapshots

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Ambulatory Electronic Health Record Market size was valued at USD 5.8 billion in 2019 and is poised to grow from USD 6.12 billion in 2023 to USD 9.6 billion by 2031, growing at a CAGR of 5.76% in the forecast period (2024-2031).

The ambulatory EHR market is competitive, fragmented, and dominated by a small number of major players. The majority of businesses in the market are technologically competent, but they need a lot of help to expand their operations and improve their services. As a result, mergers and acquisitions have a significant chance of grabbing the interest of a sizable number of hospitals and providers from around the industrialized globe. For instance, to streamline the process of onboarding hospitals, Medical Information Technology Inc. collaborated with MedPower, LLC in April 2021 to offer online training courses to hospitals that utilize MEDITECH's EHR systems. 'Cerner Corporation', 'Epic Systems Corporation', 'Allscripts Healthcare Solutions, Inc.', 'NextGen Healthcare, Inc.', 'eClinicalWorks', 'Athenahealth, Inc.', 'Medical Information Technology, Inc. (Meditech)', 'Greenway Health LLC', 'Practice Fusion, Inc.', 'AdvancedMD, Inc.', 'GE Healthcare', 'McKesson Corporation', 'Siemens AG', 'Philips Healthcare', 'eMDs, Inc.', 'Aprima Medical Software, Inc.', 'CPSI (Computer Programs and Systems), Inc.', 'AmazingCharts, LLC', 'Compulink Healthcare Solutions', 'CureMD Healthcare'

A wide range of medical treatments and services are provided by outpatient care facilities. These facilities mostly consist of doctor's offices, ERs, and outpatient wings of ambulatory care facilities. The industry is moving toward outpatient settings to cut the price of care as stress on healthcare systems to reduce costs of care increases. The market for and use of EHR solutions in outpatient settings is predicted to increase in the future as a result of the expansion of outpatient settings and the rising patient volume.

A large portion of the potential for the global ambulatory electronic health record (EHR) market is in the Asia Pacific and Middle East & Africa regions due to the rising demand for intelligent systems, the shortcomings of traditional clinical processes, and significant investments made by governmental and non-profit organizations. During the projection period, it is anticipated that the Asia Pacific market will rise more quickly. Due to factors like rising disposable income, acceptance of healthcare solutions for higher quality of life, increased knowledge of healthcare, and widespread use of digital solutions in nations like China and India, among others, the Asia Pacific region is the most attractive market.

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Global Ambulatory Electronic Health Record Market Size, Share, Growth Analysis, By Deployment(Cloud-based, On-premises), By Application(e-Prescribing, Health Analytics) - Industry Forecast 2024-2031

Global Ambulatory Electronic Health Record Market Dynamics

Global Ambulatory Electronic Health Record Market Report Snapshots

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What is the global market size of Ambulatory Electronic Health Record Market?

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