Overview and Scope
Ambulatory electronic medical records refer to the electronic (digital) collection of medical information about a patient. An electronic medical record will include information about a patient’s health history, such as diagnoses, medicines, tests, allergies, immunizations, and treatment plans. The ambulatory electronic medical records are used to collect outpatient medical information.
Sizing and Forecast
The ambulatory electronic medical records market size has grown strongly in recent years. It will grow from $6.96 billion in 2023 to $7.57 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to government initiatives, rise in chronic diseases, improved patient care, rise in population health management, economic growth.
The ambulatory electronic medical records market size is expected to see strong growth in the next few years. It will grow to $10.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to rising telehealth, global expansion, rise in patient engagement, data security and privacy, rising healthcare expenditure. Major trends in the forecast period include cloud-based solutions, integration of artificial intelligence (ai), user experience (ux) design, genomic data integration, patient portals.
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Segmentation & Regional Insights
The ambulatory electronic medical records market covered in this report is segmented –
1) By Component: Hardware, Software
2) By Practice Type: Large Practices, Small-To-Medium-Sized Practices, Solo Practices Freestanding
3) By Delivery Mode: Cloud-Based, On-Premise
4) By Application: Practice Management, Patient Management, E-Prescribing, Referral Management, Population Health Management, Decision Support, Health Analytics
5) By End Users: Hospital- Owned Ambulatory Centres, Independent Centres
Top Major Players:
Cerner Corporation
Epic Systems Corporation
Allscripts Healthcare LLC
Medical Information Technology Inc.
Computer Programs and Systems Inc
North America was the largest region in the ambulatory electronic medical records market in 2023.
North America was the largest region in the ambulatory electronic medical records market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ambulatory electronic medical records market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rising prevalence of chronic diseases is expected to propel the growth of the ambulatory electronic medical records market going forward. Chronic diseases refer to conditions that last 1 year or more and require ongoing medical attention or limit activities of daily living, or both. The rising prevalence of chronic diseases is fuelling the growth of ambulatory healthcare services as it requires ambulatory electronic medical records for patient management. For instance, according to The Treasury, a Government-based lead economic adviser, in 2020-21, nearly half of Australians of all ages (46.6 %) had one or more chronic conditions, and almost 1 in 5 (18.6 %) had two or more chronic conditions. Therefore, the rising prevalence of chronic diseases is driving the growth of ambulatory electronic medical records.
Key Industry Players
Major companies operating in the ambulatory electronic medical records market include Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare LLC, Medical Information Technology Inc., Computer Programs and Systems Inc., General Electric Company, Athenahealth Inc., MEDHOST Inc., eClinicalWorks LLC, NXGN Management LLC, InterSystems Corporation, CareCloud Inc., Cantata Health Solutions Inc., Advanced Data Systems Corporation, CureMD Healthcare Inc., Practice Fusion Inc., eMDs Inc., Virence Health Inc., McKesson Corporation, CPSI Inc., Veradigm Inc., Greenway Health LLC, DrChrono Inc., Eyefinity Inc., Amazing Charts LLC, Kareo Inc., iPatientCare LLC, Azalea Health Innovations Inc., Harris Healthcare Inc., ICANotes Inc.
The ambulatory electronic medical records market report table of contents includes:
1. Executive Summary
2. Ambulatory Electronic Medical Records Market Characteristics
3. Ambulatory Electronic Medical Records Market Trends And Strategies
4. Ambulatory Electronic Medical Records Market - Macro Economic Scenario
5. Global Ambulatory Electronic Medical Records Market Size and Growth
….
31. Global Ambulatory Electronic Medical Records Market Competitive Benchmarking
32. Global Ambulatory Electronic Medical Records Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Ambulatory Electronic Medical Records Market
34.Ambulatory Electronic Medical Records Market Future Outlook and Potential Analysis
35. Appendix
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