Ambulatory EHR Market Size & CAGR (2023-2031)
The Ambulatory EHR Market is expected to register a CAGR of 5.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Delivery Mode (Cloud-based Solutions, On-premise Solutions), Applications (Practice Management, Patient Management, E-prescribing, Referral Management, Health Analytics, Other Applications), Practice Size (Large Practices, Medium-sized Practices, Small-to-Medium Practices, Solo Practices), End-user (Hospital-owned Ambulatory Centers, Independent Ambulatory Centers). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments
Purpose of the Report
The report Ambulatory EHR Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Ambulatory EHR Market Segmentation
Delivery Mode
- Cloud-based Solutions
- On-premise Solutions
Applications
- Practice Management
- Patient Management
- E-prescribing
- Referral Management
- Health Analytics
- Other Applications
Practice Size
- Large Practices
- Medium-sized Practices
- Small-to-Medium Practices
- Solo Practices
End-user
- Hospital-owned Ambulatory Centers
- Independent Ambulatory Centers
End-user
- Hospital-owned Ambulatory Centers
- Independent Ambulatory Centers
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Ambulatory EHR Market: Strategic Insights
| Market Size Value in | US $ 3,988.74 million in 2022 |
| Market Size Value by | US $ 6,032.90 million by 2030 |
| Growth rate | CAGR of 6.72% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Ambulatory EHR Market Growth Drivers
- Digitalizing paper charts for ambulatory practices: With the rise in digitalization, the demand for ambulatory EHR solutions and services is increasing across the world. Ambulatory EHR supports the workflow of outpatient care, which includes managing office visits, billings and prescriptions. Market players such as eClinicalWorks provide cloud-based solutions for electronic health records and practice management that drive market growth.
- Investment in EHR solutions: Government authorities are widely adopting HER solutions to streamline healthcare services and improve patient outcomes within the facilities. As healthcare workflows for better patient care are crucial, government organizations are investing in EHR solutions that drive market growth. For example, in August 2024, the New Zealand Department of Corrections announced an investment of US$ 5 million to upgrade its electronic health record (EHR) systems.
Ambulatory EHR Market Future Trends
- AI Technology in EHR: The latest advancement in AI technology combined with the most advanced EHR solutions provides enhanced diagnostic support, patient record management, and treatment personalization. The AI-based solutions provide diagnostic assistance with an accuracy of up to 98.7%. With AI-enhanced treatment planning, patient care quality and consistency can be improved. It speeds up patient record management.
- Cloud-Based Ambulatory AHR Solutions: Cloud-based EHR systems are becoming increasingly popular in ambulatory care settings due to their scalability, cost-effectiveness, and ease of access. Cloud solutions enable healthcare providers to access patient data from any location with an internet connection, improving continuity of care, especially for practices with multiple locations or mobile healthcare providers. This trend is expected to continue as cloud technology matures and provides robust data security, seamless updates, and better integration with other healthcare technologies.
Ambulatory EHR Market Opportunities
- Focus on patient-centered care: The rise in focus towards patient-centered care can help healthcare providers to drive their business growth. Patients expect a high-quality experience, which can encourage healthcare providers to adopt advanced digital solutions that can help them provide a better patient experience. This factor leads to the adoption of ambulatory EHR as it focuses on patient care outside of hospitals, including outpatient clinics, specialty practices, and primary care practices.
- Demand from emerging economies: Emerging economies such as India and China are widely adopting digital solutions across various industries to drive their economic growth and gain a competitive advantage in the global market. This factor will lead to the adoption of ambulatory EHR solutions and services in the healthcare sector.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ambulatory EHR Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Ambulatory EHR Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Delivery Mode, Applications, Practice Size, End-user, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The Ambulatory EHR Market is estimated to witness a CAGR of 5.9% from 2023 to 2031
Digitalizing paper charts for ambulatory practices and investment in EHR solutions are the major factors driving the Ambulatory EHR Market
AI Technology in EHR is anticipated to play a significant role in the global Ambulatory EHR Market in the coming years
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request
Some of the customization options available based on the request are an additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation# as our team would review the same and check the feasibility
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ambulatory EHR Market - By Delivery Mode
1.3.2 Ambulatory EHR Market - By Application
1.3.3 Ambulatory EHR Market - By Practice Size
1.3.4 Ambulatory EHR Market - By End User
1.3.5 Ambulatory EHR Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AMBULATORY EHR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. AMBULATORY EHR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AMBULATORY EHR MARKET - GLOBAL MARKET ANALYSIS
6.1. AMBULATORY EHR - GLOBAL MARKET OVERVIEW
6.2. AMBULATORY EHR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. AMBULATORY EHR MARKET - REVENUE AND FORECASTS TO 2028 - DELIVERY MODE
7.1. OVERVIEW
7.2. DELIVERY MODE MARKET FORECASTS AND ANALYSIS
7.3. WEB-BASED SOLUTIONS
7.3.1. Overview
7.3.2. Web-Based Solutions Market Forecast and Analysis
7.4. CLOUD-BASED SOLUTIONS
7.4.1. Overview
7.4.2. Cloud-Based Solutions Market Forecast and Analysis
7.5. ON-PREMISE SOLUTIONS
7.5.1. Overview
7.5.2. On-Premise Solutions Market Forecast and Analysis
8. AMBULATORY EHR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PATIENT MANAGEMENT
8.3.1. Overview
8.3.2. Patient Management Market Forecast and Analysis
8.4. PRACTICE MANAGEMENT
8.4.1. Overview
8.4.2. Practice Management Market Forecast and Analysis
8.5. POPULATION HEALTH MANAGEMENT
8.5.1. Overview
8.5.2. Population Health Management Market Forecast and Analysis
8.6. DECISION SUPPORT
8.6.1. Overview
8.6.2. Decision Support Market Forecast and Analysis
8.7. E-PRESCRIBING
8.7.1. Overview
8.7.2. E-Prescribing Market Forecast and Analysis
8.8. REFERRAL MANAGEMENT
8.8.1. Overview
8.8.2. Referral Management Market Forecast and Analysis
8.9. HEALTH ANALYTICS
8.9.1. Overview
8.9.2. Health Analytics Market Forecast and Analysis
9. AMBULATORY EHR MARKET - REVENUE AND FORECASTS TO 2028 - PRACTICE SIZE
9.1. OVERVIEW
9.2. PRACTICE SIZE MARKET FORECASTS AND ANALYSIS
9.3. LARGE PRACTICES
9.3.1. Overview
9.3.2. Large Practices Market Forecast and Analysis
9.4. SMALL-TO-MEDIUM-SIZED PRACTICES
9.4.1. Overview
9.4.2. Small-to-Medium-Sized Practices Market Forecast and Analysis
9.5. SOLO PRACTICES
9.5.1. Overview
9.5.2. Solo Practices Market Forecast and Analysis
10. AMBULATORY EHR MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITAL-OWNED AMBULATORY CENTERS
10.3.1. Overview
10.3.2. Hospital-Owned Ambulatory Centers Market Forecast and Analysis
10.4. INDEPENDENT AMBULATORY CENTERS
10.4.1. Overview
10.4.2. Independent Ambulatory Centers Market Forecast and Analysis
11. AMBULATORY EHR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Ambulatory EHR Market Overview
11.1.2 North America Ambulatory EHR Market Forecasts and Analysis
11.1.3 North America Ambulatory EHR Market Forecasts and Analysis - By Delivery Mode
11.1.4 North America Ambulatory EHR Market Forecasts and Analysis - By Application
11.1.5 North America Ambulatory EHR Market Forecasts and Analysis - By Practice Size
11.1.6 North America Ambulatory EHR Market Forecasts and Analysis - By End User
11.1.7 North America Ambulatory EHR Market Forecasts and Analysis - By Countries
11.1.7.1 United States Ambulatory EHR Market
11.1.7.1.1 United States Ambulatory EHR Market by Delivery Mode
11.1.7.1.2 United States Ambulatory EHR Market by Application
11.1.7.1.3 United States Ambulatory EHR Market by Practice Size
11.1.7.1.4 United States Ambulatory EHR Market by End User
11.1.7.2 Canada Ambulatory EHR Market
11.1.7.2.1 Canada Ambulatory EHR Market by Delivery Mode
11.1.7.2.2 Canada Ambulatory EHR Market by Application
11.1.7.2.3 Canada Ambulatory EHR Market by Practice Size
11.1.7.2.4 Canada Ambulatory EHR Market by End User
11.1.7.3 Mexico Ambulatory EHR Market
11.1.7.3.1 Mexico Ambulatory EHR Market by Delivery Mode
11.1.7.3.2 Mexico Ambulatory EHR Market by Application
11.1.7.3.3 Mexico Ambulatory EHR Market by Practice Size
11.1.7.3.4 Mexico Ambulatory EHR Market by End User
11.2. EUROPE
11.2.1 Europe Ambulatory EHR Market Overview
11.2.2 Europe Ambulatory EHR Market Forecasts and Analysis
11.2.3 Europe Ambulatory EHR Market Forecasts and Analysis - By Delivery Mode
11.2.4 Europe Ambulatory EHR Market Forecasts and Analysis - By Application
11.2.5 Europe Ambulatory EHR Market Forecasts and Analysis - By Practice Size
11.2.6 Europe Ambulatory EHR Market Forecasts and Analysis - By End User
11.2.7 Europe Ambulatory EHR Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Ambulatory EHR Market
11.2.7.1.1 Germany Ambulatory EHR Market by Delivery Mode
11.2.7.1.2 Germany Ambulatory EHR Market by Application
11.2.7.1.3 Germany Ambulatory EHR Market by Practice Size
11.2.7.1.4 Germany Ambulatory EHR Market by End User
11.2.7.2 France Ambulatory EHR Market
11.2.7.2.1 France Ambulatory EHR Market by Delivery Mode
11.2.7.2.2 France Ambulatory EHR Market by Application
11.2.7.2.3 France Ambulatory EHR Market by Practice Size
11.2.7.2.4 France Ambulatory EHR Market by End User
11.2.7.3 Italy Ambulatory EHR Market
11.2.7.3.1 Italy Ambulatory EHR Market by Delivery Mode
11.2.7.3.2 Italy Ambulatory EHR Market by Application
11.2.7.3.3 Italy Ambulatory EHR Market by Practice Size
11.2.7.3.4 Italy Ambulatory EHR Market by End User
11.2.7.4 Spain Ambulatory EHR Market
11.2.7.4.1 Spain Ambulatory EHR Market by Delivery Mode
11.2.7.4.2 Spain Ambulatory EHR Market by Application
11.2.7.4.3 Spain Ambulatory EHR Market by Practice Size
11.2.7.4.4 Spain Ambulatory EHR Market by End User
11.2.7.5 United Kingdom Ambulatory EHR Market
11.2.7.5.1 United Kingdom Ambulatory EHR Market by Delivery Mode
11.2.7.5.2 United Kingdom Ambulatory EHR Market by Application
11.2.7.5.3 United Kingdom Ambulatory EHR Market by Practice Size
11.2.7.5.4 United Kingdom Ambulatory EHR Market by End User
11.2.7.6 Rest of Europe Ambulatory EHR Market
11.2.7.6.1 Rest of Europe Ambulatory EHR Market by Delivery Mode
11.2.7.6.2 Rest of Europe Ambulatory EHR Market by Application
11.2.7.6.3 Rest of Europe Ambulatory EHR Market by Practice Size
11.2.7.6.4 Rest of Europe Ambulatory EHR Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Ambulatory EHR Market Overview
11.3.2 Asia-Pacific Ambulatory EHR Market Forecasts and Analysis
11.3.3 Asia-Pacific Ambulatory EHR Market Forecasts and Analysis - By Delivery Mode
11.3.4 Asia-Pacific Ambulatory EHR Market Forecasts and Analysis - By Application
11.3.5 Asia-Pacific Ambulatory EHR Market Forecasts and Analysis - By Practice Size
11.3.6 Asia-Pacific Ambulatory EHR Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Ambulatory EHR Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Ambulatory EHR Market
11.3.7.1.1 Australia Ambulatory EHR Market by Delivery Mode
11.3.7.1.2 Australia Ambulatory EHR Market by Application
11.3.7.1.3 Australia Ambulatory EHR Market by Practice Size
11.3.7.1.4 Australia Ambulatory EHR Market by End User
11.3.7.2 China Ambulatory EHR Market
11.3.7.2.1 China Ambulatory EHR Market by Delivery Mode
11.3.7.2.2 China Ambulatory EHR Market by Application
11.3.7.2.3 China Ambulatory EHR Market by Practice Size
11.3.7.2.4 China Ambulatory EHR Market by End User
11.3.7.3 India Ambulatory EHR Market
11.3.7.3.1 India Ambulatory EHR Market by Delivery Mode
11.3.7.3.2 India Ambulatory EHR Market by Application
11.3.7.3.3 India Ambulatory EHR Market by Practice Size
11.3.7.3.4 India Ambulatory EHR Market by End User
11.3.7.4 Japan Ambulatory EHR Market
11.3.7.4.1 Japan Ambulatory EHR Market by Delivery Mode
11.3.7.4.2 Japan Ambulatory EHR Market by Application
11.3.7.4.3 Japan Ambulatory EHR Market by Practice Size
11.3.7.4.4 Japan Ambulatory EHR Market by End User
11.3.7.5 South Korea Ambulatory EHR Market
11.3.7.5.1 South Korea Ambulatory EHR Market by Delivery Mode
11.3.7.5.2 South Korea Ambulatory EHR Market by Application
11.3.7.5.3 South Korea Ambulatory EHR Market by Practice Size
11.3.7.5.4 South Korea Ambulatory EHR Market by End User
11.3.7.6 Rest of Asia-Pacific Ambulatory EHR Market
11.3.7.6.1 Rest of Asia-Pacific Ambulatory EHR Market by Delivery Mode
11.3.7.6.2 Rest of Asia-Pacific Ambulatory EHR Market by Application
11.3.7.6.3 Rest of Asia-Pacific Ambulatory EHR Market by Practice Size
11.3.7.6.4 Rest of Asia-Pacific Ambulatory EHR Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Ambulatory EHR Market Overview
11.4.2 Middle East and Africa Ambulatory EHR Market Forecasts and Analysis
11.4.3 Middle East and Africa Ambulatory EHR Market Forecasts and Analysis - By Delivery Mode
11.4.4 Middle East and Africa Ambulatory EHR Market Forecasts and Analysis - By Application
11.4.5 Middle East and Africa Ambulatory EHR Market Forecasts and Analysis - By Practice Size
11.4.6 Middle East and Africa Ambulatory EHR Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Ambulatory EHR Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Ambulatory EHR Market
11.4.7.1.1 South Africa Ambulatory EHR Market by Delivery Mode
11.4.7.1.2 South Africa Ambulatory EHR Market by Application
11.4.7.1.3 South Africa Ambulatory EHR Market by Practice Size
11.4.7.1.4 South Africa Ambulatory EHR Market by End User
11.4.7.2 Saudi Arabia Ambulatory EHR Market
11.4.7.2.1 Saudi Arabia Ambulatory EHR Market by Delivery Mode
11.4.7.2.2 Saudi Arabia Ambulatory EHR Market by Application
11.4.7.2.3 Saudi Arabia Ambulatory EHR Market by Practice Size
11.4.7.2.4 Saudi Arabia Ambulatory EHR Market by End User
11.4.7.3 U.A.E Ambulatory EHR Market
11.4.7.3.1 U.A.E Ambulatory EHR Market by Delivery Mode
11.4.7.3.2 U.A.E Ambulatory EHR Market by Application
11.4.7.3.3 U.A.E Ambulatory EHR Market by Practice Size
11.4.7.3.4 U.A.E Ambulatory EHR Market by End User
11.4.7.4 Rest of Middle East and Africa Ambulatory EHR Market
11.4.7.4.1 Rest of Middle East and Africa Ambulatory EHR Market by Delivery Mode
11.4.7.4.2 Rest of Middle East and Africa Ambulatory EHR Market by Application
11.4.7.4.3 Rest of Middle East and Africa Ambulatory EHR Market by Practice Size
11.4.7.4.4 Rest of Middle East and Africa Ambulatory EHR Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Ambulatory EHR Market Overview
11.5.2 South and Central America Ambulatory EHR Market Forecasts and Analysis
11.5.3 South and Central America Ambulatory EHR Market Forecasts and Analysis - By Delivery Mode
11.5.4 South and Central America Ambulatory EHR Market Forecasts and Analysis - By Application
11.5.5 South and Central America Ambulatory EHR Market Forecasts and Analysis - By Practice Size
11.5.6 South and Central America Ambulatory EHR Market Forecasts and Analysis - By End User
11.5.7 South and Central America Ambulatory EHR Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Ambulatory EHR Market
11.5.7.1.1 Brazil Ambulatory EHR Market by Delivery Mode
11.5.7.1.2 Brazil Ambulatory EHR Market by Application
11.5.7.1.3 Brazil Ambulatory EHR Market by Practice Size
11.5.7.1.4 Brazil Ambulatory EHR Market by End User
11.5.7.2 Argentina Ambulatory EHR Market
11.5.7.2.1 Argentina Ambulatory EHR Market by Delivery Mode
11.5.7.2.2 Argentina Ambulatory EHR Market by Application
11.5.7.2.3 Argentina Ambulatory EHR Market by Practice Size
11.5.7.2.4 Argentina Ambulatory EHR Market by End User
11.5.7.3 Rest of South and Central America Ambulatory EHR Market
11.5.7.3.1 Rest of South and Central America Ambulatory EHR Market by Delivery Mode
11.5.7.3.2 Rest of South and Central America Ambulatory EHR Market by Application
11.5.7.3.3 Rest of South and Central America Ambulatory EHR Market by Practice Size
11.5.7.3.4 Rest of South and Central America Ambulatory EHR Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL AMBULATORY EHR MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. AMBULATORY EHR MARKET, KEY COMPANY PROFILES
14.1. CERNER CORPORATION
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. ECLINICALWORKS
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. AMAZING CHARTS LLC
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. ALLSCRIPTS
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. GENERAL ELECTRIC COMPANY
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. ATHENAHEALTH, INC.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. EMDS, INC.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. GREENWAY HEALTH, LLC
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. MEDICAL INFORMATION TECHNOLOGY, INC.
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. HEALTHLAND
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
The List of Companies
1. Cerner Corporation
2. eClinicalWorks
3. Amazing Charts LLC
4. Allscripts
5. General Electric Company
6. athenahealth, Inc.
7. eMDs, Inc.
8. Greenway Health, LLC
9. Medical Information Technology, Inc.
10. Healthland
11. NextGen Healthcare Information Systems, LLC
12. CureMD
13. Epic Systems Corporation
14. Medical Transcription Billing Corporation
15. NetSmart Technologies
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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