Ambulatory EHR Market Size Forecasted to be Worth USD 6.66 Billion by 2027, according to a Latest Study by Emergen Research

The ambulatory EHR (electronic health record) market is expected to be valued at USD 6.66 billion in 2027 from USD 4.48 billion in 2019,  registering a CAGR of 5.4% through the forecast period, according to a recent report by Emergen Research. The global ambulatory EHR market revenue is expected to expand significantly during the forecast period because of the increasing need to reduce operational costs in the healthcare sector. Growing government efforts to incorporate EHR programmes in healthcare organisations are expected in the near future to support the growth of the global outpatient EHR sector. In addition, growing government initiatives to preserve and enhance patient health record platforms are expected to further boost the global ambulatory EHR market during the forecast period.

High costs for the production of outpatient EHR systems are expected to hinder the global outpatient EHR market to some degree during the forecast period.

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Key Highlights of Report

• Allscripts Healthcare Solutions, Inc. reached an agreement with Northwell Health to develop the EHR systems of the next generation in October 2019. An artificial intelligence-based, voice-enabled, and cloud-based EHR will be designed and validated with feedback from Northwell experts, information technology specialists, and administration in order to efficiently integrate patient-facing tools.
• The deployment market segment is expected to be dominated by the cloud-based sub-segment, expanding during the forecast period at a CAGR of 5.5 percent. The cloud-based outpatient EHR solution provides benefits such as smooth implementation, cost-effective deployment, IT requirement reduction, robust collaboration between healthcare professionals and patients, and excessive interoperability. In the near future, this is expected to improve the segment.
• The large practice sub-segment is expected to lead the market during the forecast period due to the capacity of large practices to resolve quality issues of electronic health records. Another driver of the segmental growth is rising capital spending.
• During the forecast period, the practice management sub-segment is projected to hold the largest market share. The application of practice management helps clinical practice management would be enhanced by increasing practice quality and minimising costs. Furthermore, benefits such as reductions in transcription costs and enhanced documentation methods are expected to drive the segment during the forecast period.
• The hospital-owned ambulatory centres sub-segment is projected to lead the market during the forecast period. During the forecast period, rising government support for implementing EHR solutions in healthcare facilities is expected to fuel the segment.
• North America is expected to lead the global market during the forecast period. The main market drivers in North America are the growing rate of adoption of EHR solutions and the increasing expenditure on healthcare in the region.
• Key market participants include Modernizing Medicine, Inc., CureMD Healthcare Corporation, Epic Systems Corporation, McKesson Corporation, Greenway Health, LLC, Cerner Corporation, Allscripts Healthcare Solutions, Inc., Medical Information Technology, Incorporated, MTBC, Inc., Computer Programs, and Systems, Inc.

Emergen Research has segmented the global ambulatory EHR market on the basis of deployment, practice size, application, end-use, and region.

• Deployment Outlook (Revenue, USD Billion; 2017–2027)
  • Cloud-based
  • On-premises
• Practice Size Outlook (Revenue, USD Billion; 2017–2027)
  • Solo Practices
  • Large Practices
  • Small-medium-sized Practices
• Application Outlook (Revenue, USD Billion; 2017–2027)
  • e-Prescribing
  • Health Analytics
  • Practice Management
  • Referral Management
  • Patient Management
  • Decision Support
  • Population Health Management
• End-use Outlook (Revenue, USD Billion; 2017–2027)
  • Independent Centers
  • Hospital-owned Ambulatory Centers
  • Others
• Regional Outlook (Revenue, USD Billion; 2017–2027)
  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. India
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. U.A.E.
    3. Rest of MEA

To get leading market solutions, visit the link below: 

https://www.emergenresearch.com/industry-report/ambulatory-ehr-market