The digital version of the patient’s paper chart is known as electronic health record (EHR). EHR are the patient’s record that helps the authorized users to securely access the available information about the patients. EHR includes a wide range of information such as medical history, allergies and medication, status of immunization, personal statistics, laboratory test results, demographics etc. The information on EHR can be shared across different healthcare settings through network connected systems or other information exchange systems. EHRs allow the physicians to take better decision and improved coordinated care of the patients.
The global ambulatory EHR market is anticipated to grow at significant growth rate over the forecast period. Increase in usage of EHR solutions is one of the important factor attributed to the growth of the market. Automated data entry, easy execution of billing management, supporting of clinical decision, secure exchange of medical information, minimum time required for billing etc. are some of the factors driving the growth of the global ambulatory EHR market during the forecast period.
Furthermore, the support from the government for adoption of HCIT (Healthcare Information Technologies), rise in demand for healthcare services etc. are few of the key factors driving the growth of the global ambulatory EHR market through 2025. Regulatory and technological uncertainties, ever increasing cost pressure, heavy infrastructure facilities are few of the factors restraining the growth of the global market over the forecast period.
The global ambulatory EHR market can be segmented by application, by delivery mode, end users and by regions. Based on the application the global ambulatory EHR market can be divided into decision support, patient management, practice management, population health management, e prescribing and others. Ever increasing adoption rates of EHR among healthcare providers, the practice management segment is anticipated to hold a significant share of the global market. Based on delivery mode, the global market can be segmented into web based, on premise and cloud based.
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Cloud based segment is expected to register a dominant share of the global ambulatory EHR market due to cost effective services and advantages of user friendly software models. Based on the end users the global ambulatory EHR market can be divided into private care centers and hospital owned centers. Hospital owned centers is anticipated to hold the dominant share of the global market due to ever increasing number of hospital involved in expansion, and less operational cost due to EHR etc.
Geographically the ambulatory EHR market is divided into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America dominates the market with the largest share in the global ambulatory EHR market. High adoption rate of the EHR, increased healthcare expenditure are few factors propelling the growth of the global market in the North America. Furthermore, involvement of patient, rise in awareness towards healthcare solutions etc. are few of the major contributing factor for the growth of the market in North America.
Europe is also anticipated to hold a significant share of the global market followed by North America. Asia Pacific market is anticipated to register a faster growth rate during the forecast period. The Asia Pacific is the most lucrative market due rise in disposable income, adoption of healthcare solutions for better standard of life, rise in awareness towards healthcare, high penetration of digital solutions in countries such as India and China etc.
To maintain a significant position in the market the key players in the global market are operating strategies such as mergers and acquisitions, cost effective and efficient products, collaborative partnerships etc. Some of the prominent players operating in the global ambulatory EHR market are QSI Management, LLC, Allscripts Healthcare, LLC, McKesson Corporation, athenahealth, Inc. and others.
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