The ambulatory electric health record (EHR) market is projected to reach $6.0 billion by 2023, advancing at a CAGR of 5.9% during 2017–2023, the market growth is expected to be driven by the increasing government initiatives to encourage the adoption of EHR systems, rising utilization of healthcare intranet technologies (HCITs) and EHR solutions, and the need for reducing the overall cost of healthcare, globally.
Insights on the market segments
Of the two ambulatory EHR solution delivery modes — on-premises and cloud-based — the cloud-based category dominated the market in 2016 and is also expected to grow with the higher CAGR during the forecast period. Based on practice size, the ambulatory EHR market is expected to witness the highest CAGR in the small-to-medium-sized practices category during the forecast period, primarily because of the increasing adoption of EHR solutions in such settings.
Practice management, e-prescribing, patient management, population health management, referral management, health analytics, and decision support are the various applications of ambulatory EHR. Among these, e-prescribing is predicted to witness the fastest growth in the market during the forecast period. The rapid adoption of e-prescriptions owing to several government policies is primarily responsible for driving the growth of this category in the ambulatory EHR market. On the basis of end user, hospital-owned ambulatory centers led the market in 2016 because of the increase in the number of patients and growth in healthcare expenditure.
Asia-Pacific stands as the fastest-growing market for ambulatory EHR solutions, globally
During the forecast period, the ambulatory EHR market is expected to witness the fastest growth in Asia-Pacific (APAC), owing to the heavy investments being made in EHR systems by the private sector, government agencies, and non-profit organizations; increasing geriatric population; and growing prevalence of chronic diseases in high-populated countries such as China and India.
The Government of India has launched several Digital India initiatives to implement EHR in the e-Health and telemedicine. In 2013, the Ministry of Health and Family Welfare introduced EHR standards to ensure that patients’ digital data become easily accessible. To accelerate EHR adoption, various standards, such as the content exchange standards (FHIR, HL7, DICOM, and CCR), vocabulary standards (ATC and ICD10), interoperability standards (to exchange the records between hospitals), and clinical standards, were specified in the policy.
Key players in the market launching innovative products to gain larger market share
Product launches have been one of the key strategical steps taken by major companies to increase their share in the ambulatory EHR market. For example, eClinicalWorks, a healthcare IT solutions provider, introduced a telehealth solution on its Health & Online Wellness (HEALOW) mobile app in June 2017 to offer patients live video visits.
Other key players in the global ambulatory EHR market include Cerner Corporation, Epic Systems Corporation, General Electric Company, Quality Systems Inc., eMDs Inc., McKesson Corporation, Greenway Health LLC, and Allscripts Healthcare Solutions Inc.
Global Market Segmentation by Delivery Mode
Global Market Segmentation by Practice Size
Global Market Segmentation by Application
Global Market Segmentation by End-User
Global Market Segmentation by Geography
North America ambulatory EHR Market
Europe ambulatory EHR market
Asia-Pacific ambulatory EHR market
Latin America ambulatory EHR market
Middle East & Africa (MEA) ambulatory EHR market