The clinical workflow solutions market size is estimated to reach US$ 16.99 billion by the end of 2027, registering a CAGR of 12.6% from 2020 to 2027. The report provides the overall revenue of the global clinical workflow solutions market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.
Clinical workflow is an interaction between surgeon or physician, health records, patients, nurses or other staff, and third-party applications. Poor integration in workflow may hamper the clinical workflow by making it more essential for clinicians to use same data for multiple applications along with logging into various systems for finding the appropriate information that helps in making crucial clinical decisions. Clinical workflow solution vendors experience high pressure from consumers to introduce seamless and effective solutions that can process more in less time.
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Healthcare service providers constantly face challenges to provide good quality healthcare. Diminishing resources, aging population, and budget constraints are some of the key factors that propel the demand for quality care. In the wake of same, hospitals and medical centers are prominently adopting technology-driven solutions to handle the patient’s information and other workflows more efficiently and effectively. Rapid technological advancement that enables easy adoption as well as reduces complexities in the workflow drives the adoption rate of these solutions at a rapid pace. Furthermore, implementation of cloud-based computing platform to upgrade the clinical database management anticipated to bolster the market growth in the coming years.
• In 2019, North America led the global market due to increasing number of R&D activities on healthcare solutions along with rising number of patient admissions in the hospitals
• The Asia Pacific registered the fastest CAGR over the forecast period owing to prominent surge in the demand for healthcare IT solutions in the medical sector
• Data integration systems are prominently preferred by the healthcare service providers due to need for integration to curb the rising costs and increasing data volumes.
• Care collaboration solution have gained significant traction in the past few years and expected to exhibit escalating demand during the forecast period due to the increased emphasis on the patient-centric services
• By end-use segment, hospitals occupied the maximum market share in 2019 due to rising number of healthcare facilities and associated data that require privacy
• Ambulatory care centers predicted to register the highest growth over the analysis period due to spike in the out-patient admissions in health centers and integration of IT solutions
Report Scope of the Clinical Workflow Solutions Market
|Market Size||USD 16.99 billion by 2027|
|Growth Rate||CAGR of 12.6% from 2021 to 2027|
|Largest Market||North America|
|Fastest Growing Market||Asia Pacific|
|Forecast Period||2021 to 2027|
|Segments Covered||Type, End User, Region|
|Companies Mentioned||Cerner Corporation, Allscripts Healthcare Solutions, Inc., NXGN Management, LLC, Koninklijke Philips N.V., McKesson Corporation, Hill-Rom Services Inc., General Electric, Cisco, Stanly Healthcare, ASCOM, Vocera Communications, and athenahealth, Inc.|
Key Players & Strategies
Some of the key market players that captured the maximum revenue share in the clinical workflow solutions market include Hill-Rom Holdings, Inc.; McKesson Corporation; Cisco; NextGen Healthcare Information Systems; Philips Healthcare; AthenaHealth; GE Healthcare Allscripts; Cerner Corporation; and Koninklijke Philips N.V. These players offer licensed software or solutions to the hospitals or healthcare service providers that expected to propel the adoption of clinical workflow solutions.
Significant investment by the key industry participants for developing advanced systems for healthcare management is the key contributor towards the market growth. Further, strategic alliances and development of new products, including their promotional activities, mergers, and partnership agreements are very crucial in maintaining high competition rivalry among the industry players.
In addition, major market players are collaborating with government associations for innovating clinical workflow solutions. For instance, in September 2018, Google and the American Medical Association (AMA) collaborated together to introduce AMA health care interoperability and innovation challenge. Initiatives like these anticipated to foster the demand for clinical workflow solutions over the forecast period.
Some of the prominent players in the clinical workflow solutions market include:
- Cerner Corporation
- Allscripts Healthcare Solutions, Inc.
- NXGN Management, LLC
- Koninklijke Philips N.V.
- McKesson Corporation
- Hill-Rom Services Inc.
- General Electric
- Stanly Healthcare
- Vocera Communications
- athenahealth, Inc.
Segments Covered in the Report
This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis oftype, end-use, and region:
- Real-Time Communication Solutions
- Unified Communication
- Nurse Call Alert Systems
- Data Integration Solutions
- Medical Image Integration
- EMR Integration
- Workflow Automation Solutions
- Nursing & Staff Scheduling Solutions
- Patient Flow Management Solutions
- Enterprise Reporting & Analytics Solutions
- Care Collaboration Solutions
- Rounding Solutions
- Perinatal Care Management
- Medication Administration
- Other Care Collaboration Solutions
- Ambulatory Care Centers
- Long-term Care Facilities
By Regional Outlook
- North America
- Asia Pacific
- South Korea
- Rest of the World
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Why Buy this Report?
The purpose of Precedence Research’s clinical workflow solutions market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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