PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490039
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490039
The global ambulatory EHR market is estimated to be valued at USD 6.40 Bn in 2024 and is expected to reach USD 9.98 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2023 | Market Size in 2024: | US$ 6.40 Bn |
Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: | 6.50% | 2031 Value Projection: | US$ 9.98 Bn |
The global ambulatory EHR market has been witnessing a steady rise in its valuation over the past few years owing to the increasing need for healthcare services outside of conventional clinical settings. Ambulatory EHR or Ambulatory Electronic Health Record refers to the systematized collection of patient and population electronically stored health information in a digital format that can be shared across different health care settings. It allows for improved coordination and continuity of care as patients transition between ambulatory and institutional care settings. With growing preference for convenient outpatient and day surgery care, the demand for portable health records accessible to providers across locations is surging worldwide. Advancements in healthcare IT along with government incentivization and funding are expected to further fuel the adoption of ambulatory EHR solutions in the coming years.
The global ambulatory EHR market is primarily driven by the rising geriatric population, growing prevalence of chronic diseases, and increasing need to curtail healthcare costs. Furthermore, favorable government policies supporting healthcare digitization along with incentive programs for the meaningful use of EHR are encouraging more healthcare providers and physicians to integrate ambulatory EHR systems. However, high costs associated with the deployment and maintenance of ambulatory EHR solutions continue to restrain the market growth to some extent. On the positive side, growing investments by industry players to develop interoperable, cloud-based, and mobile EHR technologies are paving new opportunities. Also, the expanding healthcare infrastructure and provider bases in developing nations will further augment the demand for ambulatory EHR globally over the next few years.
Detailed Segmentation-