Ambulatory EHR Market Projected to Hit $7.84 Billion by 2031
Meticulous
Research—a leading global market research company, published a research report
titled “Ambulatory EHR Market Size, Share, Forecast, & Trends Analysis by
Deployment Mode (Cloud, On-premise) Type (All-in-one, Modular) Application
(Practice, Patient Portal, CPOE, CDS, Referral, Population Health) End User,
Practice - Global Forecast to 2031”
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According
to the latest publication from Meticulous Research®, the ambulatory EHR market
is projected to reach $7.84 billion by 2031, growing at a CAGR of 5.3% from
2024 to 2031. The market's growth is driven by supportive government
initiatives promoting EHR adoption, a rising preference for ambulatory care
over inpatient services, and the need to reduce operational costs in
healthcare. Additionally, integrating artificial intelligence (AI) and machine
learning (ML) technologies with ambulatory EHRs and the evolving technological
landscape in developing countries are expected to create market growth
opportunities. However, IT infrastructure constraints in developing nations,
concerns about data security, and the high costs associated with implementing
ambulatory EHRs may restrain market growth.
Key
Players
The
key players profiled in the ambulatory EHR market report include Epic Systems
Corporation (U.S.), Cerner Corporation (U.S.), Medical Information Technology,
Inc. (U.S.), Computer Programs and Systems, Inc. (U.S.), Allscripts Healthcare
Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), NextGen Healthcare, Inc
(U.S.), eClinicalWorks (U.S.), Greenway Health, LLC (U.S.), CureMD Healthcare
(U.S.), and AdvancedMD, Inc. (U.S.).
Market
Segments
Deployment
Mode:
In
2024, the cloud/web-based ambulatory EHR segment is expected to hold the larger
market share. This dominance is attributed to the flexibility, real-time
monitoring, data security, and lower implementation costs offered by
cloud-based deployments compared to on-premise options
Type:
In
2024, the all-in-one ambulatory EHR segment is anticipated to account for the
largest market share. The benefits of all-in-one ambulatory EHRs, such as ease
of use, comprehensive functionalities, and seamless integration of software and
hardware, drive this segment's growth.
Practice
Size:
The
large practices segment is projected to hold the largest share of the market in
2024. This segment's significant share is due to the increasing need for
efficient administration and coordination in extensive setups, as well as the
equitable distribution of costs and tasks among staff.
Application:
In
2024, the practice management segment is expected to account for the largest
market share. Practice management software (PMS) is crucial for modern medical
practices, serving as a central repository for administrative functions like
patient registration, appointment scheduling, and workflow management. The
segment's large market share is driven by the need to increase operational
efficiency and deliver enhanced patient services.
End
User:
In
2024, the hospital-owned ambulatory centers segment is expected to hold the
larger market share. Hospital-owned ambulatory centers, integrated within
hospitals, typically adhere to higher accreditation standards and deliver
high-quality care. Factors such as robust financial capabilities and the need
to streamline unstructured healthcare data drive the adoption of ambulatory
EHRs in these centers.
Geographic
Review
In 2024, North
America is expected to dominate the ambulatory EHR market, followed by Europe
and Asia-Pacific. North America's significant market share can be attributed to
supportive government initiatives promoting EHR adoption and the presence of
leading EHR providers in the region. The U.S. is expected to hold the largest
share of the ambulatory EHR market in North America, driven by the
proliferation of ambulatory surgery centers. For example, the Ambulatory
Surgery Center Association (ASCA) reported approximately 6,200 ambulatory
surgery centers in the U.S. in 2022.
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Research®:
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