Chronic Disease Epidemic Fuels Demand For Ambulatory Electronic Medical Records Emerges as a Core Driver of the Ambulatory Electronic Medical Records Market in 2025

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What Is the Expected CAGR for the Ambulatory Electronic Medical Records Market Through 2025?
In recent times, there has been a significant growth in the size of the market for ambulatory electronic medical records. The expected projection is that it will rise from $7.62 billion in 2024 to $8.25 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The reason behind this upward trend during the historic period is due to governmental efforts, an increase in chronic illness incidences, enhancement in patient care, growth in population health management, and economic development.

What's the Projected Size of the Global Ambulatory Electronic Medical Records Market by 2029?
The market size of ambulatory electronic medical records is projected to experience swift expansion in the forthcoming years, hitting a value of $12.09 billion in 2029, with a compound annual growth rate (CAGR) of 10.0%. The upswing expected in this period is linked to factors like growing telehealth, global spread, heightened patient engagement, data security, privacy and increased health care spending. Key trends expected to affect the market within this forecast period consist of cloud-based solutions, inclusion of artificial intelligence (AI), user experience (UX) design, integration of genomic data, and patient portals.

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Top Growth Drivers in the Ambulatory Electronic Medical Records Industry: What's Accelerating the Market?
The escalating occurrence of long-lasting illnesses is anticipated to drive the expansion of the ambulatory electronic medical records market in the future. These chronic diseases, which last a year or more, necessitate continuous medical care or impede everyday activities, or possibly both. The escalating occurrence of these chronic diseases is intensifying the need for ambulatory healthcare services since they use ambulatory electronic medical records to manage patients. For example, the World Health Organization, an intergovernmental organization based in Switzerland, projected in February 2024 that the number of new cancer cases would exceed 35 million by 2050. This represents a 77% increase from the estimated 20 million cases in 2022. Hence, the escalating occurrence of chronic diseases is spurring the expansion of the ambulatory electronic medical records market.

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What Trends Will Shape the Ambulatory Electronic Medical Records Market Through 2029 and Beyond?
A prominent trend emerging in the ambulatory electronic medical records market is the advancement of technology. Numerous big players in this space are concentrating on introducing innovative technological solutions to cement their standing in the market. For example, Cerner Corporation, which is a health information technology firm based in the US, introduced CommunityWorksSM Foundations. This new technology is a cloud variant of the Cerner Millennium electronic health record and aims to assist rural and critical access hospitals in mitigating financial strain in the US. The technology offers a fixed-fee payment scheme with zero initial capital outlay to curtail costs and protracted implementation phases. It is crafted to quicken the implementation process, offering a six-month duration from initiation to launch, hence making it simplified for smaller hospitals to enhance patient care.

What Are the Main Segments in the Ambulatory Electronic Medical Records Market?
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 Centers, Independent Centers

Subsegments:
1) By Hardware: Workstations (Desktops and Laptops), Tablets and Mobile Devices, Printers and Scanners, Networking Equipment, Servers and Storage Devices
2) By Software: EMR Software Solutions, Practice Management Software, Billing and Revenue Cycle Management Software, Interoperability Solutions, Data Analytics Software, Mobile Applications

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Which Top Companies are Driving Growth in the Ambulatory Electronic Medical Records Market?
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.

Which Regions Will Dominate the Ambulatory Electronic Medical Records Market Through 2029?
North America was the largest region in the ambulatory electronic medical records market in 2024. 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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