Market Size of Ambulatory EHR Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 20 Billion |
Market Size (2029) | USD 26.53 Billion |
CAGR (2024 - 2029) | 5.81 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Ambulatory EHR Market Analysis
The Ambulatory EHR Market size is estimated at USD 20 billion in 2024, and is expected to reach USD 26.53 billion by 2029, growing at a CAGR of 5.81% during the forecast period (2024-2029).
The COVID-19 pandemic had a significant impact on the ambulatory EHR market. Electronic health record (EHR) systems were designed for tracking and billing patients to provide optimal care, which was the need of the hour due to the rising number of COVID-19 cases. For instance, an article published by the Journal of American Medical Informatics Association in March 2022 stated that in response to the COVID-19 pandemic, several ambulatory healthcare organizations moved toward virtual therapy, which led to an increase in ambulatory clinician EHR adoption. Clinician review and in-basket messaging were discovered to be the primary factors behind the growth in ambulatory clinician EHR use, as more physicians provided care via telemedicine during the pandemic. Such instances are anticipated to have a considerable impact on the studied market.
Therefore, ambulatory EHR has demonstrated the ability to enhance health outcomes and reduce chaos during the pandemic, which made the hospitals realize the advantage of ambulatory EHR systems over manual systems. For instance, according to Exploratory Research in Clinical and Social Pharmacy, in March 2023, Johns Hopkins Aramco Healthcare pharmacy department implemented various patient-centered services in ambulatory care pharmacy operations to adapt to COVID-19 pandemic challenges by providing better and more effective patient counseling by utilizing the patient-centered care model of ambulatory care pharmacy design and advanced technologies such as electronic health records (EHR) or virtual mode. Hence, the demand for ambulatory EHR systems increased, eventually driving market growth.
The factors propelling the growth of the ambulatory EHR market include the rising adoption of EHR solutions in developed markets, increasing the need for fluid movement of healthcare information and technological advancements, and government initiatives to maintain and enhance patient health record portals. For instance, according to an article published by the College of Healthcare Information Management Executives, in 2021, the adoption of patient flow software continually increased, with nearly 87% of acute and ambulatory care adopting an enterprise-wide patient flow system and high adoption in critical areas.
Furthermore, according to an article published by Oracle Cerner, a key player in the ambulatory EHR market, in December 2021, it was stated that ambulatory care continues to evolve as one of the fastest-growing sectors in healthcare, maximizing clinic efficiency. Thus, the adoption of EHR solutions in developed markets is anticipated to drive market growth over the forecast period.
Additionally, the key strategies implemented by market players, such as launch, approval, partnerships, and collaborations, contribute to the market's growth. For instance, in March 2022, MEDITECH Expanse Ambulatory was launched and is now available to independent and physician-owned practices. The solution's web and touch-based design offers a personalized user experience and efficient office workflows without requiring an expanse of EHR in the hospital setting. Such strategies are expected to drive the growth of the market over the forecast period.
Hence, the Ambulatory EHR market is anticipated to grow due to the above-mentioned factors, such as the rising adoption of EHR solutions in developed markets, increasing the need for fluid movement of healthcare information and technological advancements, and government initiatives to maintain and enhance patient health record portals over the forecast period. However, inconsistent EHR adoption across emerging markets and regulatory barriers are the factors expected to restrain market growth.
Ambulatory EHR Industry Segmentation
As per the scope of the report, ambulatory care involves patients who do not stay overnight for disease treatment in any healthcare setting. Electronic health records (EHRs) are the patient records that helps authorized users securely access the available information about the patient. The EHRs developed for ambulatory services are simpler than inpatient EHRs as they deal with a single practice and its patients and are used in outpatient care facilities and smaller practices.
The ambulatory EHR market is segmented by application (practice management, patient management, e-prescribing, referral management, population health management, and other applications), delivery mode (cloud-based solutions and on-premise solutions), practice size (large practices, medium-sized practices, and small practices), end user (hospital-owned ambulatory centers and independent ambulatory centers), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD) for the above segments.
By Application | |
Practice Management | |
Patient Management | |
E-prescribing | |
Referral Management | |
Population Health Management | |
Other Applications |
By Delivery Mode | |
Cloud-based Solutions | |
On-premise Solutions |
By Practice Size | |
Large Practices | |
Medium-sized Practices | |
Small Practices |
By End User | |
Hospital-owned Ambulatory Centers | |
Independent Ambulatory Centers |
Geography | ||||||||
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Ambulatory EHR Market Size Summary
The ambulatory EHR market is poised for significant growth, driven by the increasing adoption of electronic health record solutions in developed regions and the rising need for efficient healthcare information management. The COVID-19 pandemic acted as a catalyst, accelerating the adoption of ambulatory EHR systems as healthcare providers shifted towards virtual care and telemedicine. This transition highlighted the advantages of EHR systems over traditional manual processes, leading to enhanced patient care and streamlined operations. Technological advancements and government initiatives further support the expansion of EHR portals, contributing to the market's upward trajectory. Key players in the industry are actively engaging in product launches, partnerships, and collaborations to enhance their offerings and maintain competitive advantage.
North America is expected to witness substantial growth in the ambulatory EHR market, fueled by technological advancements, high patient awareness, and increased investments in healthcare IT solutions. The region's market growth is supported by the widespread adoption of EHR systems in ambulatory care settings, as evidenced by various studies. Companies are leveraging strategies such as collaborations, new product launches, and mergers and acquisitions to strengthen their market presence. The fragmented nature of the market, with numerous global and regional players, underscores the competitive landscape, with companies like Allscripts Healthcare Solutions, eMDs, Athenahealth, and Cerner Corporation playing pivotal roles. As the demand for cloud-based and user-friendly EHR solutions grows, the market is expected to continue its expansion over the forecast period.
Ambulatory EHR Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Adoption of EHR Solutions in Developed Markets
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1.2.2 Increasing Need for Fluid Movement of Healthcare Information and Technological Advancements
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1.2.3 Government Initiatives to Maintain and Enhance Patient Health Record Portals
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1.3 Market Restraints
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1.3.1 Inconsistent EHR Adoption across Emerging Markets
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1.3.2 Regulatory Barriers
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Application
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2.1.1 Practice Management
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2.1.2 Patient Management
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2.1.3 E-prescribing
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2.1.4 Referral Management
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2.1.5 Population Health Management
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2.1.6 Other Applications
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2.2 By Delivery Mode
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2.2.1 Cloud-based Solutions
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2.2.2 On-premise Solutions
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2.3 By Practice Size
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2.3.1 Large Practices
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2.3.2 Medium-sized Practices
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2.3.3 Small Practices
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2.4 By End User
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2.4.1 Hospital-owned Ambulatory Centers
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2.4.2 Independent Ambulatory Centers
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2.5 Geography
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2.5.1 North America
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2.5.1.1 United States
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2.5.1.2 Canada
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2.5.1.3 Mexico
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2.5.2 Europe
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2.5.2.1 Germany
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2.5.2.2 United Kingdom
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2.5.2.3 France
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2.5.2.4 Italy
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2.5.2.5 Spain
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2.5.2.6 Rest of Europe
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2.5.3 Asia-Pacific
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2.5.3.1 China
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2.5.3.2 Japan
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2.5.3.3 India
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2.5.3.4 Australia
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2.5.3.5 South Korea
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2.5.3.6 Rest of Asia-Pacific
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2.5.4 Middle East and Africa
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2.5.4.1 GCC
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2.5.4.2 South Africa
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2.5.4.3 Rest of Middle East and Africa
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2.5.5 South America
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2.5.5.1 Brazil
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2.5.5.2 Argentina
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2.5.5.3 Rest of South America
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Ambulatory EHR Market Size FAQs
How big is the Ambulatory EHR Market?
The Ambulatory EHR Market size is expected to reach USD 20 billion in 2024 and grow at a CAGR of 5.81% to reach USD 26.53 billion by 2029.
What is the current Ambulatory EHR Market size?
In 2024, the Ambulatory EHR Market size is expected to reach USD 20 billion.