PUBLISHER: DataM Intelligence | PRODUCT CODE: 1542864
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1542864
Overview
Global Ambulatory EHR Market reached US$ 5.9 billion in 2023 and is expected to reach US$ 9.7 billion by 2031, growing at a CAGR of 6.6% during the forecast period 2024-2031
Ambulatory EHRs focus on patient care outside of hospitals including outpatient clinics, specialty practices, and primary care practices. With features like easy-to-use Patient Portals, patients can more easily access their data, request refills, and pay bills online. Ambulatory EHR systems streamline patient care and billing processes, making it faster and easier for healthcare providers to process appointments and emergencies.
Market Dynamics: Drivers & Restraints
Initiatives by the government to improve patient health information portals
The ambulatory EHR market is growing due to the need for efficient information, technological advancements in hospitals, and government efforts to maintain patient health information websites. The American federal government is investing in customer health information portal development and preservation, compensating doctors and hospitals using EMR systems. This project aims to reduce healthcare spending and improve outcomes. Hospital businesses are also deploying EHR programs to reduce operational costs. The industry for ambulatory EHRs is expanding due to the quick implementation of Health Information Technology (HCITs).
Challenges associated with the Ambulatory EHR
The implementation of an Electronic Health Record (EHR) system in ambulatory care can be a significant challenge due to several factors. These include the upfront cost of the system, which includes software, hardware, and technical support. Smaller ambulatory care practices may lack the necessary IT resources to implement the EHR system.
The transition from traditional paper records to digitalized solutions can disrupt workflows. Technical hurdles may arise for healthcare providers and staff unfamiliar with the software. Additionally, the quick decision-making required in ambulatory care, with patient visits typically lasting 15-20 minutes, may lead to inaccuracies in diagnosis and treatment.
Market Segment Analysis
The global ambulatory EHR market is segmented based on delivery mode, application, practice size, end-user, and region.
The cloud-based solutions from the delivery mode segment accounted for approximately 54.3% of the ambulatory EHR market share
The cloud-based solutions from the delivery mode segment accounted for approximately 54.3%. Cloud-based solutions offer computing services like software, databases, and analytics over the internet, eliminating the need for healthcare providers to physically deploy devices. The market is driven by cost-effective services and user-friendly software models, making it a popular choice for healthcare providers.
For instance, in January 2023, Ospitek Inc., a provider of IoT and AI-enhanced surgical care coordination, launched live patient charting for ambulatory surgery centers (ASCs) as part of the company's latest update of its proprietary surgical coordination platform, VIEW. This latest feature is fully integrated into Ospitek's existing suite of cloud-based, IoT, and AI-enhanced surgical coordination features.
Market Geographical Share
North America is estimated to hold about 38.4% of the total market share throughout the forecast period