Ambulatory EHR Market - New Business Opportunities & Investment Research Report 2023

The global ambulatory EHR market is forecasted to attain a value of $6.0 billion by 2023, growing at a CAGR of 5.9% during 2017-2023. The growth in the market will be led by increasing government initiatives for the adoption of EHR systems, rising adoption of healthcare intranet technologies (HCIT), rising usage of EHR solutions, and need to reduce the overall healthcare cost.

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The two-different delivery modes for ambulatory EHR solutions are cloud based solutions and on-premise solutions, with the cloud based category being the larger contributor to the ambulatory EHR market. Cloud based solutions are also projected to register faster growth compared to on-premise solutions, during the forecast period. Among the various practice size, small-to-medium sized practices is expected to register the fastest growth during the forecast period, mainly due to increasing adoption of EHR solutions.

Asia–Pacific is expected to be the fastest growing region in the global ambulatory EHR market due to aggressive investments by the governments, non-profit entities and the private sector in EHR systems, growing aging population, and rising incidence of chronic diseases in various countries, such as India and China.

Globally, the key players in the ambulatory EHR market are launching new products to gain a larger market share. For instance, in June 2017, eClinicalWorks, a provider of healthcare IT solutions, launched a telehealth solution on the company’s Health & Online Wellness (HEALOW) mobile app to provide patients with live video visits.

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Some of the other key players operating in the ambulatory EHR industry include General Electric Company, Cerner Corporation, Epic Systems Corporation, Mckesson Corporation, Quality Systems, Inc., eMDs Inc., Allscripts Healthcare Solutions, Inc., Greenway Health, LLC.

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Ambulatory EHR Market Trends, Analysis, Growth and Forecast to 2023

Ambulatory electronic health record (EHR) refers to a record that is maintained electronically in order to store the patient's medical records, which includes information about all surgeries and medical care that does not involves the need for the patient being admitted to a hospital or that are given in non-hospital settings such as urgent care clinics, physicians’ offices and at-home medical care. Health care providers can easily share information using this type of record. Ambulatory EHRs are stored in electronic databases that are accessible to doctors and other medical professionals which allows a physician to view a patient’s complete and accurate medical history. The global ambulatory EHR market is expected to grow in the future due to several advantages of EHRs over conventional health record systems such as the easy accessibility to the patient’s records.

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The ambulatory EHR market is segmented on the basis of delivery mode, practice size, application, end user, and region. The applications of ambulatory EHR include practice management, patient management, e-prescribing, referral management, population health management, decision support, and health analytics.

The major factors driving the growth of global ambulatory EHR market include the support from government for the adoption of health care intranet technologies (HCIT), the increase in the use of EHR solutions and need to reduce the overall healthcare cost. According to Centre for Disease Control and Prevention (CDC), in 2014 74.1% of office based physicians installed a certified electronic health record (EHR) system, as compared to 67.5%, in 2013. Also, more than one-third of physicians 39.1% approximately were sharing patient’s health information electronically with other ambulatory hospitals and providers. Additionally, according to data published by Office of the National Coordinator for Health IT analysis, an organization that implements the use of the advanced health information technology and the electronic exchange of health information, launched a Medicare EHR Incentive Program in which 684 health IT developers were supplying certified health IT to 354,395 ambulatory primary care physicians, podiatrists, optometrists, chiropractors, dentists and others participating in the Medicare EHR Incentive Program, as of July 2017.

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In April 2016, eMDs, a provider of ambulatory EHR practice management (PM) software, revenue cycle management (RCM) solutions, and credentialing services, acquired several software technology assets from McKesson Business Performance Services (McKesson). The acquired McKesson assets included Practice Choice, Medisoft, Medisoft Clinical, Lytec, Lytec MD, and Practice Partner.

Some of the other key players in the global ambulatory EHR market include GE Healthcare, Cerner Corporation, eClinicalWorks, Epic Systems Corporation, McKesson Corporation, Quality Systems, Inc., Inc., Allscripts Healthcare Solutions, Inc., and Greenway Health, LLC.