The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

According to The Business Research Company’s Ambulatory Healthcare Information Technology (IT) Global Market Report 2024, the ambulatory healthcare information technology (IT) market is expected to show promising growth in the forecast period.

The ambulatory healthcare information technology (IT) market has experienced significant growth in recent years, driven by various factors such as the COVID-19 pandemic and increased healthcare spending. Looking forward, this market is poised for continued expansion, fueled by advancements in telehealth, compliance with medical regulations, and the growing need for real-time patient data. This blog will explore the key drivers, major trends, and notable developments shaping the ambulatory healthcare IT market.

Market Growth and Forecast
Recent Market Performance

• Current Market Size: Grew from $2.86 billion in 2023 to $3.09 billion in 2024.
• Growth Rate: Compound annual growth rate (CAGR) of 8.0%.
• Drivers of Growth: COVID-19 pandemic, government mandates, increased healthcare expenditure.

Future Market Outlook

• Projected Market Size: Expected to reach $4.0 billion by 2028.
• Growth Rate: CAGR of 6.7%.
• Key Growth Factors: Focus on telehealth, regulatory compliance, demand for real-time patient data, and streamlined healthcare workflows.

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Telehealth’s Influence on Market Expansion
Importance of Telehealth

• Definition: Delivery of healthcare services via telecommunications technology.
• Integration with IT Systems: Enhances virtual consultations, appointment scheduling, electronic prescriptions, and secure communication.

Telehealth Adoption Statistics

• Australia (2020-2022):2 million telehealth services provided to 18 million patients; over 95,000 practitioners utilized telehealth.
• USA (2021-2023): Telemedicine adoption increased from 72% to 80% of respondents accessing care remotely.

Impact on Market Growth

• Seamless Experience: Telehealth integration ensures a smooth experience for patients and providers.
• Market Driver: The rising focus on telehealth is significantly driving the ambulatory healthcare IT market’s growth.

Innovative Advancements in Ambulatory Healthcare IT
Technological Advancements

• Cloud-Based EHR Software: Enhances usability, value-based treatment, and patient experience.
• Example: eClinicalWorks’ EHR software version V12 launched in October 2022, offering improved performance and new features like pre-visit planning and enhanced drug management displays.

Company Focus

• Major Players: McKesson Corporation, General Electric, Bayer AG, Abbott Laboratories, Oracle Corporation, Medtronic Plc, Siemens Healthcare GmbH, among others.
• Innovative Products: Companies are developing advanced products to enhance patient care and operational efficiency in ambulatory settings.

Strategic Acquisitions
Anatomy IT and IRIS Solutions

• Acquisition Details: Anatomy IT acquired IRIS Solutions in May 2023.
• Impact: Expand Anatomy IT’s footprint in the ambulatory healthcare sector, introducing comprehensive IT and cybersecurity solutions to a broader range of healthcare clients.

Market Segmentation
By Type

• Segments: Ambulatory Services, Primary Care Offices, Outpatient Departments, Emergency Departments, Surgical Specialty, Medical Specialty, Other Types.

By Modality

• Categories: Hospital Affiliated, Freestanding.

By Surgery Type

• Types: Ophthalmology, Orthopedics, Gastroenterology, Pain Management, Other Surgery Types.

By Application

• Uses: Laceration Treatment, Bone Fracture Treatment, Emergency Care Service, Trauma Treatment.

Regional Insights
North America

• Largest Market: North America was the largest region in the ambulatory healthcare IT market in 2023.

Asia-Pacific

• Fastest Growing: Expected to be the fastest-growing region in the forecast period, driven by increasing adoption of healthcare IT solutions and technological advancements.

Conclusion
The ambulatory healthcare information technology market is on a robust growth trajectory, driven by telehealth advancements, regulatory compliance, and increasing demand for efficient healthcare solutions. As major companies continue to innovate and strategic acquisitions expand market reach, the future looks promising for this dynamic sector. Whether through cloud-based EHR software or comprehensive IT and cybersecurity solutions, the market is set to transform ambulatory care, enhancing patient outcomes and operational efficiencies.

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