Ambulatory EHR Market Competitive Landscape, Size, Segments, and Growth by 2031

[Research Report] The Ambulatory EHR Market size is expected to grow from US $ 3,988.74 million in 2022 to US $ 6,032.90 million by 2031; the market is estimated to register a CAGR of 6.72% from 2022 to 2031.

Analyst’s Viewpoint

The Ambulatory EHR Market analysis entails market drivers, restraints, and opportunities in the market. The ambulatory EHR market driving factors include increasing adoption of EHR solutions, increasing need for seamless movement of healthcare information, and technological advancements. Additionally, government initiatives are also playing a crucial role in maintaining and enhancing patient health record portals. These factors are driving the growth of the Ambulatory EHR market from 2022 to 2031. However, high investments in infrastructure and increasing deployment costs are expected to hinder the market's growth. Further, the growing demand for cloud-based EHR solutions is emerging as a trend in the Ambulatory EHR Market during 2023–2031.

Market Insights

An electronic health record (EHR) is a digital version of a patient's medical history that their healthcare provider keeps over time. It includes important information such as demographics, progress notes, medical problems, medications, vital signs, past medical history, immunizations, laboratory data, and radiology reports.

An ambulatory EHR is software for outpatient care facilities such as clinics and doctor's offices. Its main purpose is to help physicians easily track a patient's medical history and treatment to aid in diagnosing and treating chronic illnesses. This software keeps a patient's complete medical records in an electronic archive accessible to medical professionals. The reports include all records of operations or treatments that do not require hospital admission. Ambulatory EHR systems allow physicians to monitor a patient's medical history and long-term care more easily. This software enables doctors to gather detailed, relevant information about each patient, resulting in a comprehensive record of their health records. This extensive database assists doctors in getting a better understanding of patients' health, making potential diagnoses simpler. Ambulatory EHRs facilitate the exchange of healthcare information and communication among healthcare providers.

Market Drivers

Increasing Adoption of EHR Solutions to Propel the Market Growth

Healthcare IT (HCIT) is one of the fastest-growing industries, largely due to government regulations. EHRs are a central component of HCIT and Ambulatory EHRs, a digital version of outpatient medical history that includes demographics, progress notes, medications, treatment plans, vital signs, past medical history, immunizations, laboratory data, and radiology reports. EHRs are becoming a substantial element in the process of patient care delivery.  The adoption of EHR systems is beneficial for both patients and healthcare providers. It improves patient treatment, care coordination, and faster access to medical records. It also increases practice efficiency and saves costs by decreasing paperwork.  EHRs also increase patient participation, transparency, and accuracy in prescribing, resulting in improved diagnostic and patient outcomes. These advantages have led to significant EHR implementation in the healthcare industry.

According to an article published in PubMed Central in January 2021, the adoption rates of Electronic Health Records (EHR) by office-based physicians have doubled between 2008 and 2015, from 42% to 89%. By 2016, over 60% of all office-based physicians made meaningful use of EHR. The US government invested billions of dollars in incentives to promote the meaningful use of EHR.

Similarly, as per an article published by the College of Healthcare Information Management Executives in 2021, The adoption of patient flow software has increased significantly, with almost 87% of acute and ambulatory care facilities adopting an enterprise-wide patient flow system, and adoption in critical areas is also high. In addition, in March 2021, the Indian government introduced the Digital Information Security in Healthcare Act (DISHA) to provide legal protection to digital healthcare data and ensure its safety. DISHA intends to regulate the entire process of generating, collecting, storing, analyzing, transmitting, and owning patient health data and personally identifiable information.

Moreover, the increasing number of ambulatory surgical centers due to the advantages they offer is also a market-driving factor. An ambulatory surgical center allows patients to be discharged within 23 hours of care, which reduces the risk of infection. Additionally, the cost in ambulatory settings is lower for both the patient and payer due to the lower cost base across staffing, space, and supplies. These factors lead to the growth in ambulatory care centers and the increasing trend of patients shifting towards ambulatory care rather than an inpatient setting. As a result, the demand for the adoption of ambulatory EHR solutions is likely to increase, thereby contributing to market growth.

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Ambulatory EHR Market: Strategic Insights

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Report Segmentation and Scope

The “Global Ambulatory EHR Market” is segmented based on delivery mode, applications, practice size, and end-user. The ambulatory EHR market is bifurcated into cloud-based and on-premise solutions based on delivery mode. Based on applications, the ambulatory EHR market is segmented into practice management, patient management, e-prescribing, referral management, population health management, and other applications. The ambulatory EHR market is segmented into large, medium-sized, small, and solo practices based on practice size. The market is segmented based on end-users into hospital-owned and independent ambulatory centers. The Ambulatory EHR market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)

Delivery Mode-Based Insights

The ambulatory EHR market is bifurcated into cloud-based and on-premise solutions based on delivery mode. The cloud-based solutions segment held the largest market share in 2022; it is anticipated to register the highest CAGR during 2022–2031 owing to its cost-effectiveness and user-friendly software models. Cloud-based solutions deliver computing services, including software, databases, and analytics, over the Internet. Unlike traditional solutions, healthcare providers don't require the physical deployment of computing instruments like servers and storage units on their premises. For instance, in January 2023, Ospitek Inc. introduced the latest update of the company's proprietary surgical coordination platform, VIEW, for live patient charting for ambulatory surgery centers (ASCs). This latest feature is fully integrated into Ospitek's existing suite of cloud-based, IoT, and AI-enhanced surgical coordination features.

Applications-Based Insights

Based on applications, the ambulatory EHR market is segmented into practice management, patient management, e-prescribing, referral management, and other applications. Practice Management is expected to have the highest CAGR during 2022-2031 due to the increasing adoption rates of ambulatory EHR among healthcare providers.

Practice Size-Based Insights

The ambulatory EHR market is segmented into large, medium-sized, small, and solo practices based on practice size. Large practices are expected to have the largest market share in 2022. This can be attributed to their ability to handle productivity challenges arising from EHR adoption, the flexibility to choose among vendors, and the availability of capital investments. On the other hand, small-to-medium-sized practices are predicted to grow at the highest CAGR owing to the large funding provided by the Regional Exchange Centers (REC) that support these practices.

End User-Based Insights

The market is segmented based on end-users into hospital-owned and independent ambulatory centers. The hospital-owned ambulatory centers segment held the largest market share in 2022 due to the increasing number of hospitals expanding their services, resulting in lower operational costs through EHR. Additionally, the demand for efficient management of unorganized health information has increased, and hospitals have been more accepting of EHR systems than freestanding outpatient institutes. These factors are responsible for the growth and success of hospital-owned ambulatory organizations.

Regional Analysis

The North American Ambulatory EHR market is segmented into the US, Canada, and Mexico. The US has emerged as a major contributor to the market growth in North America. The ambulatory centers in the US have a high adoption rate of healthcare IT services, largely owing to the presence of key players in the country. This has contributed to their large market share. Additionally, the increasing number of surgical procedures performed in ambulatory settings and the growing demand to control rising healthcare costs are key factors driving the growth of this region.

Further, the Asia-Pacific region is anticipated to grow with the highest CAGR in the global Ambulatory EHR market. Many countries, including China and India, are seeing advancements in their healthcare systems due to the significant investment in EHR systems by ministries, non-profits, and the financial industry. The growing aging population and the rise in chronic illnesses are the primary drivers behind this development. Moreover, the region has experienced an increase in the number of medical doctors and outpatient treatment services due to the expansion of the hospital network and training programs.

The report profiles leading players operating in the global Ambulatory EHR market. These include Allscripts Healthcare Solutions, Inc., AdvancedMD Inc., CureMD Healthcare, Cerner Corporation, Epic Systems Corporation, Nextgen Healthcare Information Systems LLC, Computer Programs and Systems Inc., eClinicalWorks, Greenway Health, LLC, Athenahealth Inc., and Mckesson Corporation. These players focus on expanding and diversifying their market presence and acquiring a novel customer base, tapping prevailing business opportunities in the Ambulatory EHR market.

A few of the examples of recent developments in the Ambulatory EHR market are mentioned below:

• In September 2023, Georgian Bay Information Network (GBIN), a collaboration of six Ontario healthcare organizations, launched the eNautilus project to improve patient care by adding new Oracle health EHR capabilities. These enhancements are designed to assist caregivers in improving patient safety communication among caregivers across institutions and reducing the administrative load on doctors throughout the GBIN's combined 15 hospitals.
• In August 2023, Epic Technologies Corporation partnered with Microsoft to use generative AI for better EHRs. Integrating Microsoft's advanced cloud and AI technologies with Epic's extensive knowledge of the healthcare industry and clinical workflows addresses many ongoing issues clinicians face. The expansion of this strategic initiative was expected to bring AI to healthcare at scale. This initiative seeks to integrate conversational, ambient, and generative AI technologies throughout the Epic electronic health record (EHR) ecosystem.
• In June 2021, CarePort, powered by WellSky, introduced CarePort Ambulatory, a solution that allows ambulatory providers, such as clinics, hospital outpatient departments, ambulatory surgical centers, specialty clinics, and urgent care centers, to improve collaboration with home- and community-based organizations and track patients across these settings.
• In March 2021, Allscripts offered US healthcare organizations a streamlined telehealth implementation through its EHR-agnostic patient engagement platform, Allscripts FollowMyHealth, in response to COVID-19.

Report Scope

Ambulatory EHR Market Regional Insights

The regional trends and factors influencing the Ambulatory EHR Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Ambulatory EHR Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Ambulatory EHR Market Report Scope

Ambulatory EHR Market Players Density: Understanding Its Impact on Business Dynamics

The Ambulatory EHR Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Ambulatory EHR Market are:

1. Cerner Corporation
2. eClinicalWorks
3. Amazing Charts LLC
4. Allscripts
5. General Electric Company

Disclaimer: The companies listed above are not ranked in any particular order.