According to the research report the global ambulatory EHR market size is projected to reach USD 6.8 billion by 2025 from USD 5.2 billion in 2020, at a CAGR of 5.7% during the forecast period.
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Growth
in the global ambulatory EHR market can primarily be attributed to
various factors such as government support for the adoption of EHR
solutions, increasing number of outpatient care centers, growing patient
volume due to the global outbreak of COVID-19, and the need to curtail
healthcare costs. On the other hand, market growth is limited to a
certain extent due to factors such as reluctance to adopt EHR solutions
in developing countries, heavy infrastructure investments, and the high
cost of deployment
Some of the key players competing in the
ambulatory EHR market are Epic Systems Corporation (US), Cerner
Corporation (US), Allscripts Healthcare Solutions (US), Medical
Information Technology, Inc. (MEDITECH, US), CPSI (US), NextGen
Healthcare Information Systems, LLC (US), eClinicalWorks (US),
athenahealth, Inc. (US), Modernizing Medicine, Inc. (US), Medical
Transcription Billing Corporation (MTBC, US), Amazing Charts, LLC (US),
Greenway Health (US), eMDs, Inc. (US), NetSmart Technologies (US), and
CureMD (US). These players have adopted various growth strategies such
as partnerships, agreements, collaborations, new product launches, and
acquisitions to increase their presence in the global ambulatory EHR
market.
Epic Systems (US) was the leading player in the
ambulatory EHR systems market in 2019. Epic’s position in the market is
mainly due to the innovative EHR solutions offered by the company. The
company also focuses on improving its geographic presence across the
globe and integrating its EHR solutions with other healthcare IT
solutions to improve the quality of care and enhance productivity for
healthcare providers. In this regard, in 2019, the company partnered
with Teledoc Health (US) with the aim to integrate Epic’s EHR solutions
with telehealth solutions and tools that can deliver real-time pharmacy
data. The company also focuses on R&D activities to develop its
ambulatory EHR that meet the customers’ demands.
Cerner Corporation (US) held the second-largest share of the global ambulatory EHR market.
The company has a comprehensive product portfolio and provides services
such as consulting, record retrieval, and IT management. Its dominance
in the market can be attributed to its active R&D activities and
strong geographical footprint through strategic acquisitions and
partnerships. To garner a larger share of the ambulatory EHR industry,
the company continuously focuses on product innovation and
collaborations with other companies.
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