Press release
Ambulatory Electronic Medical Records Market: Soaring Demand, Growth Rate and Critical Drivers
Ambulatory Electronic Medical Records Market
The Ambulatory Electronic Medical Records market is experiencing substantial growth due to the rise in chronic diseases, government initiatives, global expansion, and increasing healthcare expenditure.
What Is The Projected Market Size Of The Global Ambulatory Electronic Medical Records Market And Its Growth Rate?
The Ambulatory Electronic Medical Records market has undergone significant growth recently and this trend is expected to continue.
• Growth from $7.62 billion in 2024 to $8.25 billion in 2025 at a rate of 8.3% CAGR
• This upward trend is credited to government initiatives, rise in chronic diseases, improved patient care, and increased population health management.
• A rapid surge in growth is expected within the next few years to $12.09 billion by 2029 at a 10.0% CAGR.
• The imminent growth can be attributed to rising telehealth, global expansion, heightened patient engagement, data security and privacy, and escalating healthcare expenditure.
What Is Driving The Growth In The Ambulatory Electronic Medical Records Market?
The mounting prevalence of chronic diseases is propelling the growth of the ambulatory electronic medical records market. Chronic diseases necessitate ongoing medical attention or restrict activities of daily living, thereby fuelling the demand for ambulatory healthcare services which require electronic medical records for effective patient management. For instance, the World Health Organization projected in February 2024 that by 2050, over 35 million new cancer cases will be reported, reflecting a robust 77% increase compared to 20 million estimated cases in 2022. This rising prevalence of chronic diseases is driving growth in the Ambulatory Electronic Medical Records market.
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Who Are the Key Players Driving Ambulatory Electronic Medical Records Market Growth?
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.
What Are The Key Trends In The Ambulatory Electronic Medical Records Market?
Key trends in the market include:
• Cloud-based solutions
• Integration of artificial intelligence (ai)
• User experience (ux) design
• Genomic data integration
• Patient portals
What Are The Segments Of The Global Ambulatory Electronic Medical Records Market?
The Ambulatory Electronic Medical Records market is divided into the following segments -
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 Centers, Independent Centers
Which Region Leads The Ambulatory Electronic Medical Records Market?
In 2024, North America was the largest region in the Ambulatory Electronic Medical Records market. However, Asia-Pacific is anticipated to be the fastest-growing region in the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Ambulatory Electronic Medical Records Market Global Market Report?
- Market Size Analysis: Analyze the Ambulatory Electronic Medical Records Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various sub-segments within the Ambulatory Electronic Medical Records Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Ambulatory Electronic Medical Records Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Ambulatory Electronic Medical Records Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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