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Global Ambulatory Electronic Medical Records Market Comprehensive Study: Forecasted Market Size And Growth Rate
Ambulatory Electronic Medical Records Market
The Business Research Company offers in-depth market insights through Ambulatory Electronic Medical Records Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
The main types of components in ambulatory electronic medical records are hardware, and software. Hardware refers to a collective term used to describe any of the physical components of an analog or digital computer. The different types of practices include large practices, small-to-medium-sized practices, and solo practices freestanding, that include various delivery modes such as cloud-based and on-premise. The several applications include practice management, patient management, e-prescribing, referral management, population health management, decision support, and health analytics. The various end-users include hospital-owned ambulatory centres, and independent centres.
Major Driver - Chronic Disease Epidemic Fuels Demand For Ambulatory Electronic Medical Records
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.
Competitive Landscape:
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.
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Top Trend - Innovative Technological Solutions Reshaping The Ambulatory Electronic Medical Records Landscape
Technological advancement is a key trend gaining popularity in ambulatory electronic medical records. Major companies operating in the ambulatory electronic medical records sector is focused on developing new technological solutions to strengthen their position in the market. For instance, Cerner Corporation, a US-based health information technology company launched CommunityWorksSM Foundations, a cloud-based version of the Cerner Millennium electronic health record created to help critical access and rural hospitals reduce financial burdens across the US. This new technology provides a fixed-fee payment structure with no up-front capital spending for reducing costs and lengthy implementation processes. It has been designed to expedite implementation with a six-month kick-off to go-live timeline and will make it easier for small hospitals to better serve their patients.
The Table Of Content For The Market Report Include:
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. Ambulatory Electronic Medical Records Market Size And Growth
…..
27. Ambulatory Electronic Medical Records Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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