Ambulatory EHR Market to Grow at 5.9% CAGR During 2017-2023: P&S Market Research

Ambulatory EHR market is forecasted to attain a value of $6.0 billion by 2023, growing at a CAGR of 5.9% during 2017-2023.

The growth in the market will be led by increasing government initiatives for the adoption of EHR systems, rising adoption of healthcare intranet technologies (HCIT), rising usage of EHR solutions, and need to reduce the overall healthcare cost.

The two-different delivery modes for ambulatory EHR solutions are cloud based solutions and on-premise solutions, with the cloud based category being the larger contributor to the ambulatory EHR market. Cloud based solutions are also projected to register faster growth compared to on-premise solutions, during the forecast period. Among the various practice size, small-to-medium sized practices is expected to register the fastest growth during the forecast period, mainly due to increasing adoption of EHR solutions.

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Asia–Pacific is expected to be the fastest growing region in the global ambulatory EHR market due to aggressive investments by the governments, non-profit entities and the private sector in EHR systems, growing aging population, and rising incidence of chronic diseases in various countries, such as India and China.

Globally, the key players in the ambulatory EHR market are launching new products to gain a larger market share. For instance, in June 2017, eClinicalWorks, a provider of healthcare IT solutions, launched a telehealth solution on the company’s Health & Online Wellness (HEALOW) mobile app to provide patients with live video visits.

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Some of the other key players operating in the ambulatory EHR industry include General Electric Company, Cerner Corporation, Epic Systems Corporation, Mckesson Corporation, Quality Systems, Inc., eMDs Inc., Allscripts Healthcare Solutions, Inc., Greenway Health, LLC.

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Release ID: 275577