Ambulatory EHR Market Worth $6.74 Billion by 2028

[City, Date] - Meticulous Research, a renowned global market research entity, announces the release of its latest research report titled "Ambulatory EHR Market by Delivery Mode (Cloud-based, On-premise), Type, Practice Size (Large, Small-to-medium, Solo), Application (Patient Portals, Practice Management, CDS, Computerized Physician Order Entry, PHM), and End User - Global Forecast to 2028."

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The report anticipates the global ambulatory EHR market to exhibit a Compound Annual Growth Rate (CAGR) of 5.2% from 2021, projecting a market value of $6.74 billion by 2028. Key drivers include increased government backing for EHR solution adoption, a rising preference for ambulatory care, and the imperative need for healthcare cost reduction. Furthermore, the integration of artificial intelligence (AI) and machine learning (ML) technologies and the evolving technological landscape in developing nations present lucrative growth prospects for market players. Nevertheless, challenges such as IT infrastructure limitations in developing countries, data security concerns, high product replacement rates, and elevated deployment costs are expected to temper market growth.

Future Perspectives of the Ambulatory EHR Market

Segmentation forms the backbone of the report, categorizing the global ambulatory EHR market based on deployment mode, type, practice size, application, end user, and geography. In 2020, cloud/web-based deployment dominated the market, driven by advantages like flexibility, real-time monitoring, data security, and cost-effectiveness compared to on-premise alternatives.

Type-wise, the all-in-one ambulatory EHR segment claimed the largest share in 2020, owing to attributes such as user-friendly interfaces, comprehensive functionalities, and seamless software and hardware integration.

Large practices emerged as the dominant segment based on practice size, reflecting their heightened need for efficient administration and coordination, coupled with financial capability to explore diverse solutions.

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The practice management application segment led the market in 2020, propelled by its ability to enhance operational performance and deliver increased value in patient services.

Hospital-owned ambulatory centers represented the largest end-user segment in 2020, driven by their financial capacity for substantial initial investments and the growing imperative to organize unstructured healthcare data.

Geographical Insights

The report provides a thorough analysis across major geographies, including North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and the Middle East & Africa. In 2020, North America dominated the market, followed by Europe and Asia-Pacific. Factors such as strong government support, patient preference for ambulatory care, and the presence of key industry players contribute to the region's market leadership.

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Key Players

The ambulatory EHR market is navigated by prominent players, including Epic Systems Corporation (U.S.), Cerner Corporation (U.S.), Medical Information Technology, Inc. (U.S.), Computer Programs and Systems, Inc. (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), athenahealth, Inc. (U.S.), NextGen Healthcare, Inc. (U.S.), eClinicalWorks (U.S.), Greenway Health, LLC (U.S.), CureMD Healthcare (US), and AdvancedMD, Inc. (U.S.), among others.

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