Clinical Workflow Solutions Market Growth & Trends
The global clinical workflow solutions market size is expected to reach USD 19.25 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 12.4% from 2021 to 2028. An increased volume of patient health information due to the rising prevalence of chronic conditions and the high demand for better quality care by patients is expected to fuel the adoption of workflow software and services in healthcare settings. Rising awareness amongst the caregivers and patients pertinent to the benefits of integrated solutions and interest in reliable technology for efficient decision-making is anticipated to fuel the adoption of workflow solutions.
The interoperability and compatibility of the systems with different platforms due to their robust technology have enhanced the growth prospects for the market. Collaborative efforts by software developers along with researchers to make healthcare information available to users are projected to contribute to the lucrative growth over the forecast period. Furthermore, strategic initiatives intended by the industry participants for developing end-to-end solutions are expected to boost the competition in the market.
The COVID-19 pandemic presented numerous challenges such as financial challenges to the healthcare organizations. The pandemic continues to focus on how interconnected the world’s social, economic, and environmental challenges are. The market players are increasingly focusing on bringing innovation and new ways to safeguard the health and safety of their employees, meeting critical customer requirements, and guaranteeing business continuity. For instance, in July 2020, Hillromproclaimed a new commercial partnership with Aivato to enable voice-permitted clinical workflows. Thus, it allows hands-free communication for both patients and staff.
Moreover, improvements in healthcare IT have offered an ever-expanding array of options like advanced broadband networks, remote patient monitoring, and EHRs. This, in turn, created substantial opportunities for clinical workflow solution vendors. With the help of these integration solutions, healthcare organizations can advance clinical workflow and significantly improve their care delivery system. For example, integration of EHR and telehealth automates data entry. With this, there is no requirement to enter the same information twice, which diminishes duplicate data entries and administrative tasks and upsurges efficiency in the workplace.
Market participants are engaged in collaborative agreements with hospitals and healthcare groups to implement clinical workflow management systems and EHR solutions. Moreover, focus on developing an integrated software solution to avoid wrong medication and improve the quality of care is expected to fuel the adoption of workflow solutions in the coming years.
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Clinical Workflow Solutions Market Report Highlights
- By type, data integration solutions held the largest share in 2020 owing to their rapid adoption by hospitals and healthcare facilities. Besides, as the healthcare industry is moving toward digitization, electronic medical record systems are becoming more and more popular, thus supporting the segment growth
- The care collaboration solutions type segment is likely to witness lucrative growth over the forecast period due to the rapid adoption of these solutions by caregivers. Integration with EHR provides a complete overview of the patient’s medical condition, thereby helping to decide a course of action for treatment
- In terms of end use, the hospitals segment captured the largest revenue share in 2020. This can be attributed to supportive government policies, a rise in awareness, and an increase in the number of training programs for the implementation of the technology
- North America dominated the market in 2020 owing to the presence of major players and technologically advanced healthcare infrastructure
- Asia Pacific is projected to witness lucrative growth in the coming years owing to the supportive government initiatives to adopt eHealthsolutions by hospitals
Access Press Release@ https://www.grandviewresearch.com/press-release/global-clinical-workflow-solution-market
Clinical Workflow Solutions Market Segmentation
Grand View Research has segmented the global clinical workflow solutions market on the basis of type, end use, and region:
Clinical Workflow Solutions Type Outlook (Revenue, USD Million, 2016 - 2028)
- Data Integration Solutions
- EMR Integration Solutions
- Medical Image Integration Solutions
- Real-time Communication Solutions
- Nurse Call Alert Systems
- Unified Communication Solutions
- Workflow Automation Solutions
- Patient Flow Management Solutions
- Nursing & Staff Scheduling Solutions
- Care Collaboration Solutions
- Medication Administration Solutions
- Perinatal Care Management Solutions
- Rounding Solutions
- Other Care Collaboration Solutions (Specimen Collection Solutions and Blood Products Administration Solutions)
- Enterprise Reporting & Analytics Solutions
Clinical Workflow Solutions End-use Outlook (Revenue, USD Million, 2016 - 2028)
- Hospitals
- Long-term Care Facilities
- Ambulatory Care Centers
Clinical Workflow Solutions Regional Outlook (Revenue, USD Million, 2016 - 2028)
- North America
- US.
- Canada
- Europe
- Germany
- UK.
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
List of Key Players of Clinical Workflow Solutions Market
- Allscripts Healthcare Solutions, Inc.
- Cerner Corporation
- NXGN Management, LLC
- McKesson Corporation
- Koninklijke Philips N.V.
- Hill-Rom Services Inc.
- Cisco
- General Electric
- Stanly Healthcare
- Vocera Communications
- ASCOM
- athenahealth, Inc.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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