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Ambulatory Electronic Health Record (EHR) Market

Ambulatory Electronic Health Record (EHR) Market Size, Share, Development, Growth and Demand Forecast to 2023

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Report Code: LS11107
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Category : Healthcare IT

Market Overview

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.

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.

On the basis of delivery mode, the global ambulatory EHR market is segmented into cloud-based solutions and on-premise solutions. The cloud-based solutions holds the larger share in the global market as compared to on-premise solutions, mainly driven by the advantages associated with these solutions, which include flexibility and the low-cost involved in delivering these solutions. A cloud-based solution offers various advantages in the ambulatory environment, for instance, the records are portable and can be accessed from anywhere.

On the basis of practice size, the global ambulatory EHR market has been segmented into large practices, small-to-medium-sized practices, and solo practices. The large practices held the largest share of the global ambulatory EHR market in 2016, due to factors such as the easy handling of the productivity challenges that are created by new EHR method adoption, availability of capital investments and ability to choose among various vendors.

The end user of ambulatory EHR market include, hospital-owned ambulatory centres and independent centres. The hospital-owned ambulatory centres commanded the larger share of the global ambulatory due to a high increasing number of hospitals, globally.

Market Dynamics

Growth Drivers

The major factors driving the growth of global ambulatory EHR market include 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.

Restraints

High cost involved in the setup of the infrastructure and deployment of ambulatory EHR is a key factor restraining the growth of the global ambulatory EHR market. Also, the patients are insecure about their data being fed into the system; and evolving guidelines that impose advanced technical requirement with which many practices fail to comply, further resulting in lower number of meaningful use (MU) attestation, are some of the other factors which hinder the adoption of the ambulatory EHR system.

Opportunities

The emerging cloud-based ambulatory EHR solutions provides adequate opportunities for the market players, enabling them to store the data virtually.

Insights by Geography

The North America ambulatory EHR market held the largest share in 2016, with the growth in the region being attributable to various factors such as increasing geriatric population, the need to reduce the healthcare costs, growing alliances between stakeholder’s and rise in the number of conferences and workshops being held to increase awareness about the EHR solutions in the U.S., rising efforts to enhance healthcare delivery, and the adoption of digital recordkeeping solutions in Canada.

Competitive Landscape

The companies operating in the ambulatory EHR market are focusing on expanding their business in various geographies by acquiring smaller companies and also, focusing on expanding their product portfolio by acquiring various products of other companies.

For instance, in June 2017, athenahealth, Inc. a provider of network-enabled services for hospital and ambulatory clients, acquired Praxify Technologies, Inc., a U.S. based company, that focusses on reinventing how doctors work with health data to drive productivity, portability, and improved decision support. The acquisition was aimed at advancing the company’s strategy and driving smooth workflow within the company.

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.

MARKET SEGMENTATION

By Delivery Mode

  • Cloud-based solutions
  • On-premise solutions

By Practice Size

  • Large practices
  • Small-to-medium-sized practices
  • Solo practices

By Application

  • Practice management
  • Patient management
  • E-prescribing
  • Referral management
  • Population health management
  • Decision support
  • Health analytics

By End User

  • Hospital owned ambulatory centres
  • Independent centres

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
    • Middle East and Africa

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