How Will The Ambulatory Electronic Medical Records Market Grow In 2022?
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The Ambulatory electronic medical records market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of 7%, as per The Business Research Company’s market report!
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The Ambulatory Electronic Medical Records Market Size In 2022 And Forecast
The global Ambulatory electronic medical records market is expected to grow from $5.75 billion in 2021 to $6.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The ambulatory electronic medical records market is expected to grow to $8.18 billion in 2026 at a CAGR of 7%.
Ambulatory electronic medical records refer to the electronic (digital) collection of medical information about a patient.
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Rise In The Prevalence Of Chronic Diseases Is Driving The Growth Of The Ambulatory Electronic Medical Records Market
For instance, in 2020, according to the World Health Organization, a Switzerland-based government agency responsible for international public health data, the chronic disease prevalence increased by 57%. Therefore, the rising prevalence of chronic diseases is driving the growth of ambulatory electronic medical records.
Competitive Landscape And The Regional Analysis Of The Ambulatory Electronic Medical Records Market
Major players in the Ambulatory electronic medical records market are Cerner Corporation, Epic Systems Corporation, Allscripts Healthcare LLC, Medical Information Technology Inc., Computer Programs and Systems Inc., General Electric Company, Athenahealth, MEDHOST, eClinicalWorks, NXGN Management LLC., Intersystems Corporation, CareCloud Inc., Cantata Health Solutions, Advanced Data Systems, and CureMD Healthcare.
Additionally, as per TBRC’s research – North America was the largest region in the Ambulatory electronic medical records market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Ambulatory Electronic Medical Records Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Ambulatory electronic medical records market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the Ambulatory electronic medical records market.
Technological Advancement – A Key Trend In The Ambulatory Electronic Medical Records Market
Major companies operating in the ambulatory electronic medical records sector is focused on developing new technological solutions to strengthen their position in the market.
Ambulatory Electronic Medical Records Market Segmentation By The Business Research Company
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
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