The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s ambulatory electronic medical records market report forecasts the ambulatory electronic medical records market size to grow to $9.27 Billion by 2027, with a CAGR (compound annual growth rate) of 8%.

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Ambulatory Electronic Medical Records Market Size Forecast
The global ambulatory electronic medical records market is expected to grow from $6.27 billion in 2022 to $6.82 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ambulatory electronic medical records market size is expected to grow to $9.27 billion in 2027 at a CAGR of 8.0%.

North America held the largest ambulatory electronic medical records market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Ambulatory Electronic Medical Records Market Driver ­– Rise In The Prevalence Of Chronic Diseases
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.

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Key Ambulatory Electronic Medical Records Market Trend – Technological Advancement
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, in July 2020, 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.

Ambulatory Electronic Medical Records Market Segment
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

Ambulatory Electronic Medical Records Market Major Players and Strategies
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.

In December 2022, CompuGroup Medical, a Germany-based e-health company, acquired eMDs for $240 million. Through this acquisition,CompuGroup will leverage eMDs ambulatory information systems and revenue cycle management. eMDs is a US-based electronic health record developer specialing in ambulatory EHRs.

The Ambulatory Electronic Medical Records Global Market Report 2023 covers regional data on ambulatory electronic medical records market size, ambulatory electronic medical records market trends and drivers, opportunities, strategies, and ambulatory electronic medical records market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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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