Ambulatory EHR systems allow physicians to monitor patient’s medical history and long-term care more easily to get better understanding of patient’s health, making potential diagnosis simpler. In its latest publication on Ambulatory EHR Market, Meticulous Research analyses that the global ambulatory EHR market is expected to grow at a CAGR of 5.2% from 2021 to 2028 to reach USD 6.74 billion by 2028.
The main factors driving the global ambulatory EHR market are rising government support for EHR solution adoption, an increasing trend of patients shifting to ambulatory care rather than inpatient care, and a growing need to minimize operating costs in the healthcare industry. Furthermore, the integration of AI and ML, as well as the changing scenario in emerging economies, are some of the factors that give significant growth opportunities for market players. However, data security issues, high implementation costs, and heavy infrastructure investments, as well as IT infrastructure constraints in low-income countries, are expected to curtail this market’s growth.
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In 2020, based on type, the all-in-one ambulatory EHR segment accounted for the largest share of the market attributed to the factors such as ease of use, availability of all functionalities, and seamless software and hardware.In 2020, based on deployment mode, the cloud/web based ambulatory EHR segment accounted for the largest share of the overall market due to its benefits like high flexibility and mobility, with ability for faster and automatic software updates.To provide efficient analysis, Meticulous Research has segmented this market by deployment mode, type, practice size, application, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Impact of COVID-19 on Global Ambulatory EHR Market
On March11, 2020, the WHO declared COVID-19 as a pandemic and instructed countries to take urgent steps to detect and prevent the spread of the virus. Worldwide, the hospital capacities were overburdened due to the sudden inflow of patients because of the COVID-19 pandemic. There was a growing burden on acute care setting because the in-patient beds were almost completely being occupied. Ambulatory care became more important in the healthcare sector as a result of this, as it provided an alternate site for appropriate procedures.
The U.S. government proposed modification of policies to alleviate the pressure on overburdened hospitals. For instance, in March 2020, the Centers for Medicare & Medicaid Services (CMS) provided guidance allowing ambulatory surgery centers (ASCs) to contract with local healthcare systems to provide hospital services or to enroll and bill as hospitals during the emergency declaration. Elective and non-essential procedures were also suspended at the peak of the pandemic. Ambulatory surgical centers were however granted permission to perform outpatient procedures. Furthermore, the incorporation of various healthcare IT solutions with ambulatory EHR solutions allowed physicians to obtain a greater understanding of their patients’ health in order to make more accurate diagnoses. Thus, the outbreak of the COVID-19 pandemic, as well as the increased burden on healthcare providers, are expected to drive demand for EHR solutions, thereby driving market growth.
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