Ambulatory Healthcare Information Technology (IT) Global Market Size to Hit $ 4.0 billion by 2028 at 6.7% CAGR | General Electric, Bayer AG, Abbott Laboratories, Oracle Corporation, Medtronic Plc

"The Business Research Company recently released a comprehensive report on the Global Ambulatory Healthcare Information Technology (IT) Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The ambulatory healthcare information technology (IT) market size has grown strongly in recent years. It will grow from $2.86 billion in 2023 to $3.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to the prevalence of COVID-19, government mandates and support for healthcare IT solutions, and the surge in healthcare expenditure.

The ambulatory healthcare information technology (IT) market size is strong growth in the next few years. It will grow to $4.0 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to a growing focus On telehealth, maintaining compliance with medical reforms and regulations, increasing demand for real-time patient data, and streamlined healthcare workflows. Major trends in the forecast period include an increase in technological advancements, the rise in the utilization of big data, and the increase in the use of healthcare IT solutions.

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Market Drivers and Trends:

The growing focus on telehealth is expected to propel the growth of the ambulatory healthcare information technology (IT) market going forward. Telehealth refers to the delivery of healthcare services, including medical consultations, diagnosis, monitoring, and treatment, using telecommunications technology. Integration of ambulatory healthcare information technology systems with telehealth platforms enables streamlined virtual consultations, appointment scheduling, electronic prescriptions, and secure communication, ensuring a seamless experience for patients and healthcare providers. For instance, in August 2022, according to the Australian Digital Health Agency, an Australia-based government agency, between 2020 and 2022, a total of 118.2 million telehealth services were provided to 18 million patients, with over 95,000 practitioners utilizing telehealth services during this period. Further, in February 2023, according to a report by Rock Health, a US-based healthcare organization, telemedicine adoption had surged, with 80% of respondents accessing care remotely, up from 72% in 2021. Therefore, the growing focus on telehealth is driving the growth of the ambulatory healthcare information technology (IT) market.

Major companies operating in the ambulatory healthcare information technology (IT) market are focused on technologically advanced products such as ambulatory cloud EHR software for better usability, value-based treatment, and patient experience. Ambulatory cloud EHR software refers to cloud-based electronic health record solutions designed for outpatient care, offering accessible, scalable, and secure management of patient records and clinical workflows. For instance, in October 2022, eClinicalWorks, a US-based company that offers cloud-based electronic health record software for ambulatory care, launched an innovative EHR software version, V12. The V12 offers enhanced application performance, up to 40% quicker. A module for pre-visit planning Enhanced accessibility with click reductions and new drug management displays A floating toolbar provides simple access to critical workflow components such as patient information, a virtual assistant, and documents.

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Major Key Players of the Market:

McKesson Corporation, General Electric, Bayer AG, Abbott Laboratories, Oracle Corporation, Medtronic Plc, Siemens Healthcare GmbH, Koninklijke Philips N.V., B. Braun Melsungen AG, Cerner Corporation, Sonova, Epic Systems Corporation, Allscripts Healthcare Solutions, Athenahealth Inc., NextGen Healthcare, Practice Fusion, MEDHOST, Greenway Health LLC, Medical Transcription Billing Corp., Nextech Systems, eMDs Inc., iPatientCare, ChartLogic , Azalea Health, Aprima Medical Software

Ambulatory Healthcare Information Technology (IT) Market 2024 Key Insights:

• The ambulatory healthcare information technology (it) market is expected to grow to $4.0 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
• Telehealth's Influence On Ambulatory Healthcare Information Technology Market Expansion
• Innovative Advancements In Ambulatory Healthcare Information Technology
• North America was the largest region in the ambulatory healthcare information technology (IT) market in 2023

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