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(MoneyNewsWire.Net, February 28, 2018 ) The global ambulatory EHR market is expected to reach USD 5.20 billion by 2021 from USD 3.92 billion in 2016, at a CAGR of 5.8%. The major drivers for the market include government support for the adoption of HCIT, growing usage of EHR solutions, and the need to curtail the healthcare costs. On the other hand, heavy infrastructure investments and the high cost of deployment are limiting the growth of the global ambulatory EHR market to a certain extent.
The market is segmented on the basis of application, delivery mode, practice size, end user, and region. The application segment includes practice management, patient management, e-prescribing, referral management, population health management, decision support, and health analytics. In 2016, the practice management segment commanded the largest share of the global ambulatory EHR market in 2016. There are a wide range of advantages associated with practice management solutions, including increased efficiency of day-to-day operations, enhanced value of services provided to patients, and improved adherence to compliance requirements.
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The delivery mode segment of the market includes cloud-based solutions and on-premise solutions. In 2016, the cloud-based segment commanded the largest share of the global ambulatory EHR market. The market is mainly driven by the advantages associated with cloud-based solutions, which include flexibility and cost reduction in healthcare delivery.
On the basis of practice size, the global market has been segmented into large practices, small-to-medium-sized practices, and solo practices. The large practices segment commanded the largest share of the global ambulatory EHR market in 2016, owing to factors such as the availability of capital investments, ability to handle the productivity challenges that are created by new EHR adoption, and ability to choose among vendors.
The end user segment of the ambulatory EHR market includes hospital-owned ambulatory centers and independent centers. The hospital-owned ambulatory centers segment commanded the largest share of the global ambulatory EHR market in 2016.
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On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, and RoW. The North American region accounted for the largest share of the market in 2016. Growth in the North American ambulatory EHR market can be attributed to factors such as federal mandates, increasing geriatric population, collaboration between stakeholders, the need to curtail healthcare costs, payment deductions driving the adoption of EHR, conferences and workshops to raise awareness in the U.S., growing efforts to enhance healthcare delivery, and the adoption of digital recordkeeping in Canada.
The major market players in the ambulatory EHR market include Cerner Corporation (U.S.), McKesson Corporation (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Epic Systems Corporation (U.S.), eClinicalWorks (U.S.), athenahealth, Inc. (U.S.), NextGen Healthcare Information Systems, LLC (U.S.), eMDs, Inc. (U.S.), Practice Fusion, Inc. (U.S.), Amazing Charts, LLC (U.S.), GE Healthcare (U.S.), and Greenway Health, LLC (U.S.).
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