Increasing Utilization of HCITs Boosting Ambulatory EHR Market Growth

A number of factors, such as the rising number of government initiatives to inspire the adoption of electric health record (EHR) systems, surging need for lowering the overall healthcare cost, and increasing utilization of healthcare information technologies (HCITs) across the world, are projected to boost the ambulatory EHR market at a CAGR of 5.9% in the forecast period (2017–2023). At this growth rate, the market is expected to reach $6.0 billion by 2023 from $4.0 billion in 2016.

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The primary factor improving the ambulatory EHR market growth prospects is the increasing utilization of HCITs. These technologies allow for the management of health information data across healthcare systems and secure the data exchange among providers, payers, and consumers. According to the National Center for Health Statistics (NCHS), the adoption of EHR solutions by office-based physicians rose by 6.6% in the U.S. between 2013 and 2014. The NCHS also stated that the adoption of these solutions by primary-care physicians rose from 72.1% in 2013 to 78.6% in 2014.

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The application segment of the ambulatory EHR market is categorized into practice management, population health management, e-prescribing, referral management, patient management, health analytics, and decision support. Among these, the e-prescribing category is projected to record the fastest growth in the coming years. This can be attributed to the surging adoption of e-prescriptions due to the increasing number of government policies. The practice management category held the largest share during the historical period (2013–2016) owing to the advantages of EHR solutions such as efficient day-to-day healthcare operations.

Globally, North America accounted for the largest share in the ambulatory EHR market in 2016. This is attributed to the rising number of government initiatives to promote the adoption of EHR solutions and the surging geriatric population in the region. The Asia-Pacific (APAC) market is projected to record the fastest growth during the foreseeable period due to the surging investments by government and private organizations for the development of EHR systems, increasing incidence of chronic cases, and growing geriatric population in the region.

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