Discover trends, market shifts, and competitive outlooks for the ambulatory electronic medical records industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Ambulatory Electronic Medical Records Market Expected to Grow Between 2025 And 2029?

In recent times, the market size of ambulatory electronic medical records has witnessed robust growth. This market is projected to expand from $7.62 billion in 2024 to $8.25 billion in 2025, representing a compound annual growth rate (CAGR) of 8.3%. Various factors such as government efforts, an increase in chronic illnesses, enhanced patient care, a rise in population health management, and economical growth have contributed to this growth in the historic period.

The market for ambulatory electronic medical records is anticipated to witness a swift expansion in the coming years, surging to a substantial $12.09 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 10.0%. Factors contributing to this projected growth for the forecast period encompass the increasing engagement of telehealth, global progression, amplified patient involvement, robust data security and privacy measures, along with escalated healthcare expenses. The forecast period also signifies notable trends such as embracing cloud-based solutions, incorporating artificial intelligence (AI), a focus on user experience (UX) design, convolution of genomic data, and patient portals.

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What Are the Major Market Drivers Behind the Rising Adoption of Ambulatory Electronic Medical Records Market?

The increasing occurrence of long-term medical conditions is anticipated to power the surge in the market for ambulatory electronic medical records. Chronic diseases describe illnesses that persist for more than a year and often necessitate continuous medical supervision, impacting daily activities. This increase in chronic conditions is spurring the expansion of ambulatory healthcare services, as these require ambulatory electronic medical records for effective patient care. In February 2024, for example, the World Health Organization, an intergovernmental body located in Switzerland, predicted over 35 million new instances of cancer by 2050. This represents a 77% increase over the 20 million cases estimated for 2022. As such, the growing occurrence of chronic illnesses is fueling the ambulatory electronic medical records market’s expansion.

Which Key Market Segments Comprise the Ambulatory Electronic Medical Records Market and Drive Its Revenue Growth?

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 Areas Are Leading Regions in the Ambulatory Electronic Medical Records Market Expansion Across the Globe?

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.

What Are the Strategic Trends Steering theAmbulatory Electronic Medical Records Market Direction?

The rise of technological innovation is a prevalent trend in the ambulatory electronic medical records sector. Major corporations in this field are concentrated on creating advanced technological solutions to enhance their market standing. For example, Cerner Corporation, a health information technology firm based in the United States, introduced CommunityWorksSM Foundations. This cloud-based rendition of the Cerner Millennium electronic health record is built to lighten financial pressures for critical access and rural hospitals nationwide. This novel technology imposes a fixed-fee payment framework with zero initial capital expenditure, thereby curbing costs and elongated implementation phases. The technology is engineered to hasten the implementation with a timeline of six months from kick-off to go-live, simplifying the process for small hospitals to attend to their patients more effectively.

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How Is the Ambulatory Electronic Medical Records Market Conceptually Defined?

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.

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