Ambulatory Electronic Health Record Market Size, Share, Growth Analysis, By Deployment(Cloud-based, On-premises), By Application(e-Prescribing, Health Analytics, Practice Management, Referral Management), By Region - Industry Forecast 2024-2031

Ambulatory Electronic Health Record Market size was valued at USD 5.8 billion in 2019 and is poised to grow from USD 6.12 billion in 2023 to USD 9.6 billion by 2031, growing at a CAGR of 5.76% in the forecast period (2024-2031).

The term "electronic health record" refers to the patient's paper chart's digital equivalent (EHR). EHRs serve as the patient's record, enabling authorised people to safely access the data about the patient. EHR contains a variety of data, including medical history, drug allergies and status, immunisation status, personal statistics, lab test results, demographics, etc. Through network-connected systems or other information exchange systems, the data on EHR can be distributed among various healthcare settings. EHRs enable doctors to make better decisions and provide better patient care coordination.

Over the course of the projection period, it is predicted that the global ambulatory EHR market would expand significantly. One of the key factors contributing to the market's expansion is the rise in EHR solution utilisation. During the projected period, the worldwide ambulatory EHR market is expected to develop due to reasons such as automated data entry, simple billing management, supporting clinical decision-making, secure medical information transmission, minimal time needed for billing, etc. Additionally, the rise in demand for healthcare services, government support for the use of HCIT (Healthcare Information Technologies), and other important factors will continue to propel the growth of the global ambulatory EHR market through 2028.

US Ambulatory Electronic Health Record Market is poised to grow at a sustainable CAGR for the next forecast year.