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 Insights

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 term "electronic health record" refers to the patient's paper chart's digital equivalent (EHR). EHRs serve as the patient's record, enabling authorised people to safely access the data about the patient. EHR contains a variety of data, including medical history, drug allergies and status, immunisation status, personal statistics, lab test results, demographics, etc. Through network-connected systems or other information exchange systems, the data on EHR can be distributed among various healthcare settings. EHRs enable doctors to make better decisions and provide better patient care coordination.

Over the course of the projection period, it is predicted that the global ambulatory EHR market would expand significantly. One of the key factors contributing to the market's expansion is the rise in EHR solution utilisation. During the projected period, the worldwide ambulatory EHR market is expected to develop due to reasons such as automated data entry, simple billing management, supporting clinical decision-making, secure medical information transmission, minimal time needed for billing, etc. Additionally, the rise in demand for healthcare services, government support for the use of HCIT (Healthcare Information Technologies), and other important factors will continue to propel the growth of the global ambulatory EHR market through 2028.

US Ambulatory Electronic Health Record Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Ambulatory Electronic Health Record Market Report Snapshots

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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 Insights

Global Ambulatory Electronic Health Record Market Report Snapshots

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