PUBLISHER: The Business Research Company | PRODUCT CODE: 1458592
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458592
Ambulatory healthcare information technology (IT) involves the application of information technology specifically within the outpatient setting, aiming to improve medical care, lower costs, increase efficiency, reduce errors, and enhance patient satisfaction.
The primary types of ambulatory healthcare information technology (IT) encompass ambulatory services, primary care offices, outpatient departments, emergency departments, surgical specialties, medical specialties, and others. Ambulatory services involve providing medical services in an outpatient setting, eliminating the need for patients to enter a hospital. Various modalities include hospital-affiliated and freestanding options. The range of surgical specialties includes ophthalmology, orthopedics, gastroenterology, pain management, and others. These technologies are employed in diverse applications such as laceration treatment, bone fracture treatment, emergency care services, and trauma treatment.
The ambulatory healthcare information technology market research report is one of a series of new reports from the business research company that provides ambulatory healthcare information technology market statistics, including natural language processing in the healthcare and life sciences industry global market size, regional shares, competitors with an ambulatory healthcare information technology market share, detailed ambulatory healthcare information technology market segments, market trends and opportunities, and any further data you may need to thrive in the ambulatory healthcare information technology industry. This ambulatory healthcare information technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ambulatory healthcare information technology (IT) market size has grown strongly in recent years. It will grow from $2.86 billion in 2023 to $3.09 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth observed in the historical period can be attributed to several factors, including the prevalence of COVID-19, government mandates and support for healthcare IT solutions, and a surge in healthcare expenditure. These factors collectively contributed to the development and adoption of ambulatory healthcare information technology (IT) during that time, as healthcare systems sought to enhance their capabilities, improve efficiency, and adapt to the challenges posed by the global pandemic.
The ambulatory healthcare information technology (IT) market size is strong growth in the next few years. It will grow to $4.0 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to several factors, including a growing focus on telehealth, the imperative to maintain compliance with medical reforms and regulations, an increasing demand for real-time patient data, and the pursuit of streamlined healthcare workflows. Noteworthy trends expected in the forecast period encompass an increase in technological advancements, a rise in the utilization of big data, and an increase in the adoption of healthcare IT solutions.
The increasing emphasis on telehealth is anticipated to drive the expansion of the ambulatory healthcare information technology (IT) market. Telehealth, involving the provision of healthcare services through telecommunications technology, has become a focal point in healthcare delivery. The integration of ambulatory healthcare information technology systems with telehealth platforms facilitates efficient virtual consultations, appointment scheduling, electronic prescriptions, and secure communication, creating a seamless experience for both patients and healthcare providers. Notably, between 2020 and 2022, the Australian Digital Health Agency reported 118.2 million telehealth services provided to 18 million patients, involving over 95,000 practitioners. Additionally, a February 2023 report by Rock Health revealed a surge in telemedicine adoption, with 80% of respondents accessing care remotely, up from 72% in 2021. This growing focus on telehealth is a key driver propelling the growth of the ambulatory healthcare information technology (IT) market.
Major companies in the ambulatory healthcare IT market are channeling their efforts towards technologically advanced products, exemplified by ambulatory cloud EHR software. Ambulatory cloud EHR software, specifically designed for outpatient care, delivers accessible, scalable, and secure management of patient records and clinical workflows. In October 2022, eClinicalWorks, a US-based provider of cloud-based electronic health record software for ambulatory care, launched an innovative version of EHR software, V12. This version features enhanced application performance with up to 40% faster speed, a module for pre-visit planning, improved accessibility through click reductions, and new displays for drug management. The introduction of such technologically advanced products aligns with the industry's commitment to enhancing usability, providing value-based treatment, and improving overall patient experience in the ambulatory healthcare information technology (IT) market.
In May 2023, Anatomy IT, a leading US-based healthcare IT and cybersecurity firm, successfully acquired IRIS Solutions for an undisclosed sum. This strategic acquisition positions Anatomy IT to significantly expand its presence in the ambulatory healthcare sector. With this expansion, the company intends to introduce its comprehensive suite of enterprise IT and cybersecurity solutions, as well as its advanced resources and technology, to a broader range of healthcare clients. IRIS Solutions, based in the US, specializes in providing IT solutions tailored for ambulatory healthcare providers.
Major companies operating in the ambulatory healthcare information technology (it) market report are McKesson Corporation, General Electric, Bayer AG, Abbott Laboratories, Oracle Corporation, Medtronic Plc, Siemens Healthcare GmbH, Koninklijke Philips N.V., B. Braun Melsungen AG, Cerner Corporation, Sonova, Epic Systems Corporation, Allscripts Healthcare Solutions, Athenahealth Inc., NextGen Healthcare, Practice Fusion, MEDHOST, Greenway Health LLC, Medical Transcription Billing Corp., Nextech Systems, eMDs Inc., iPatientCare, ChartLogic, Azalea Health, Aprima Medical Software
North America was the largest region in the ambulatory healthcare information technology (IT) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ambulatory healthcare information technology (it) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ambulatory healthcare information technology (it) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The ambulatory healthcare information technology (IT) market includes revenues earned by entities by revenue cycle management, telehealth solutions and healthcare cybersecurity services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The ambulatory healthcare information technology (IT) market also includes sales of desktop computers, laptops, tablets and mobile devices. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Ambulatory Healthcare Information Technology (IT) Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on ambulatory healthcare information technology (it) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for ambulatory healthcare information technology (it)? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ambulatory healthcare information technology (it) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.