06.06.2018 Бизнес

Ambulatory EHR Market

The ambulatory EHR market size is projected to reach $6.0 billion by 2023, growing at a CAGR of 5.9% during 2018-2023. The high growth is expected due to the 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.

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In terms of the delivery mode, the ambulatory EHR market is categorized into cloud-based solutions and on-premise solutions. Cloud-based solutions is the larger as well as faster growing category, and contributed 83.9% share to the global market in 2016. The category is expected to grow at a CAGR of 6.1% during the forecast period (2017-2023). Some of the factors for the increasing adoption of cloud-based solutions include rising focus of the healthcare providers and insurance companies towards global accessibility of patients’ health records, since paperless healthcare recording is stimulating cloud storage of such records. Also, cloud-based solutions are much cheaper as compared to the on-premise solutions.

Due to the development of cloud-based ambulatory EHR solutions, it is possible to keep data safe, secure and fully accessible regardless of time or network traffic. Cloud based solutions require less capital investment, demand fewer IT resources, take up less space, and update automatically, resulting in significant cost savings for clinics without requiring extra time and staff to support bulky hardware installations. The implementation of EHR systems is simpler as it runs on the web instead of computer that means there is no requirement of any software or hardware. Also, cloud-based solutions do not require any hardware installation or software licenses, therefore the implementation cost is very less.

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