Ambulatory EHR Market to grow at a CAGR of over 5.8% from 2023 to 2031, reveals Growth Plus Reports

According to the deep-dive market assessment study by Growth Plus Reports, the global ambulatory EHR market was valued at US$ 5.7 billion in 2022 and is expected to register a revenue CAGR of 5.8% to reach US$ 9.4 billion by 2031.

Ambulatory EHR Market Fundamentals
Ambulatory electronic healthcare systems (EHRs) are computerized patient record systems where doctors can capture patient treatment. The methods are built on long-term patient care, which includes chronic care management. They may contain hospital data, but the majority of the data comes from physician appointments in their office or surgery center. Ambulatory EHR Systems are focused on identifying, referring patients to specialists, making medications, and documenting contacts with patients. Ambulatory EHRs provide patient treatment in settings other than hospitals, such as outpatient clinics, specialist practices, and general care practices. Patients can more easily view their data, request refills, and settle bills online with features like easy-to-use Patient Portals.

EHRs have transformed the way the healthcare industry stores and exchanges data, allowing for safer and more efficient patient treatment. When it comes to treatment strategies, clinicians can make the best choices if they have access to precise, up-to-date information. An EHR can also help reduce medical mistakes and make diagnoses more effective. Aside from treatment advantages, EHRs can help reduce expenses by reducing paperwork, reducing testing duplication, and creating a more effective organization overall. Inpatient and outpatient institutions function differently, indicating they have various requirements when selecting an EHR platform. Each form of organization faces distinct challenges; for example, in an ambulatory environment, an EHR must be able to obtain data from multiple providers and laboratories, whereas a hospital EHR must interact with multiple departments.

Although outpatient EHRs are better suitable for single practices and inpatient EHRs are usually used in larger hospitals, many larger healthcare centers include practices, hospitals, and other services. These organizations would profit tremendously from EHRs that seamlessly integrate, giving every involved clinician access to crucial data to guarantee improved treatment for each patient. Interoperability is essential for the future of healthcare, so greater data access should be an objective for all industry stakeholders.

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Ambulatory EHR Market Dynamics
The main factors driving the global ambulatory EHR market are rising government support for EHR solution usage, patients' increasing desire for ambulatory care over in-patient care, and the growing need in the healthcare industry to reduce running costs. Furthermore, integrating artificial intelligence (AI) and machine learning (ML) technologies, as well as the shifting technological landscape in developing nations, provide substantial development prospects for market participants. However, worries about data security, high execution costs, hefty infrastructure investment, and IT infrastructure limitations in low-income nations are anticipated to hinder this market's development.
High preference for outpatient services, rising demand for ambulatory EHR for health analytics, practice management, e-prescribing, population health management, referral management, decision support, rising healthcare spending, and increased investments in developing advanced software are expected to drive global market revenue growth during the forecast period.

Paper-based records have been phased out quickly over the last decade, with automation and virtualization generating multiple development possibilities for improved patient record administration across the network of institutions and research centers in healthcare. For instance, on March 10, 2021, the European Commission approved a proposal for a European electronic health record exchange format to enable the movement of health data across boundaries. This strategy enables European citizens to view and share health data from anywhere in Europe securely.

However, the high cost of developing ambulatory Electronic Health Records systems, heavy infrastructure investments, high risks of data breaching and weak security, and low awareness of ambulatory services in many developing and underdeveloped countries are some key factors that may limit market growth during the forecast period.

Ambulatory EHR Market Ecosystem
The global ambulatory EHR market has been analyzed from the following perspectives by Delivery Mode, Application, Practice Size, End User, and Region.
Ambulatory EHR Market by Delivery Mode
Based on the delivery mode, the global ambulatory EHR market has been segmented into on-premises and cloud-based.

The cloud/web-based deployment method group constituted the largest global ambulatory EHR market share. The benefits of the cloud platform, such as flexibility, mobility, data security, and reduced installation costs when compared to on-premises deployment, are significant factors fueling the development of this segment. Additionally, Cloud-based ambulatory EHR solutions are based on the SaaS (software-as-a-service) paradigm, which uses a collection of servers to distribute data processing duties across healthcare organizations; additionally, cloud services help limit costs spent in acquiring hardware and software licensing.

Ambulatory EHR Market by Application
Based on the application, the global ambulatory EHR market has been segmented into practice management, patient management, e-prescribing, referral management, population health management, decision support, and health analytics.
Practice Management held a significant share of the ambulatory EHR market. This expansion can be attributed to the increasing usage rate among healthcare providers as they transition from pay-per-procedure invoicing to paying for value or rewards for delivering better treatment effectively.

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Ambulatory EHR Market by Practice Size
Based on the practice size, the global ambulatory EHR market has been segmented into large practice, small- to- medium size practices, and solo practices.
The large practice size will dominate the market during the forecast period. The small-to-medium-sized practices segment is expected to expand at the fastest pace, owing to regional exchange centers (REC) funding to promote EHR adoption among these users.

Ambulatory EHR Market by End User
Based on the end user, the global ambulatory EHR market has been segmented into hospital-owned ambulatory care centers and independent centers. Hospital owned ambulatory care centers will likely dominate the market during the forecast period.

The growth in this segment can be attributed to hospital expansion efforts. EHR solutions' advantages, such as operational savings and allowing patient involvement in medical choices, have also compelled their adoption among these end users.

Ambulatory EHR Market by Region
Based on the region, the global ambulatory EHR market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Rapid healthcare infrastructure development and increased government efforts toward electronic health data propel the North American market. The ongoing epidemic is straining North American healthcare systems and causing ambulatory centers and other medical institutions to scurry to ensure effective data sharing. The 'digital front door' is critical to understanding how clinicians should react to the COVID-19 scenario regarding access, triage, and even therapy. For example, at the Healthcare Information and Management Systems Society-2022 in March 2022, SilverCloud Health (Boston, Massachusetts), a provider of a digital mental health platform that is currently a division of the telehealth provider Amwell, revealed a six-course program suite "Juno Health" addressing family mental health. (HIMSS22). Juno Health enhances EHR while introducing public health, point of care, mobile, and chronic care platforms. Such developments during the epidemic are expected to influence the region's market research significantly.

Furthermore, the healthcare business in the United States is one of the most data-intensive. The industry is heavily engaged in implementing novel solutions to progress the development of enhanced healthcare and support patient care advances. Furthermore, the federal government of the United States and other public partners are opening their enormous stores of healthcare knowledge, including data and information on patients insured by public insurance programs. As a result, the demand for healthcare enhancement will bolster the overall industry.
Europe had the second-highest proportion. The rapid adoption of EHR solutions, the growth of socialized medicine promotion efforts, and the country's aging population all contribute to Northern America's dominance.
Because of substantial investment in EHR systems by ministries, non-profits, and the financial sector, Asia-Pacific is expected to expand faster. The aging population and the increased incidence of chronic diseases are pushing factors behind the growth in many countries, including China and India. Furthermore, the area now has more medical specialists and outpatient treatment services due to a stronger hospital network and training courses.

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Ambulatory EHR Market Competitive Landscape
The ambulatory EHR market is diverse, aggressive, and dominated by a few large companies. Most companies in the market are technologically efficient, but they require substantial assistance to improve their services and grow their businesses. As a result, mergers and deals provide significant chances to attract the focus of many providers and institutions throughout industrialized areas. Only some other players are anticipated to join the market in future years. Some of the prominent market players in the global ambulatory EHR market include,
• Allscripts Healthcare Solutions Inc.
• Athenahealth Inc.
• eClinicalWorks
• eMDs, Inc.
• Cerner Corporation
• Athenahealth Inc.
• Medical Transcription Billing Corporation
• GE Healthcare
• Emds Inc.
• Medical Information Technology Inc.
• Nextgen Healthcare Information Systems LLC
• McKesson Corporation
• Modernizing Medicine, Inc.

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Manan Sethi
Director, Market Insights
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