Market Research Future (MRFR) has published a cooked research report on the “Global Clinical Workflow Solutions Market” that contains information from 2018 to 2032. The clinical workflow solutions market is estimated to register a CAGR of 12.80% during the forecast period of 2023 to 2032.
Clinical Workflow Solutions Market Highlights
The global clinical workflow solutions market is accounted to register a CAGR of 12.80% during the forecast period and is estimated to reach USD 28.678 billion by 2032.
The rise in the incidence of cancer and chronic diseases, the rising demand for technologically sophisticated solutions like real-time communication systems and data integration systems to maintain patient healthcare records, and an increase in the geriatric population with a high risk of surgical procedures are the main factors driving the growth of the clinical workflow solutions market. Furthermore, it is projected that rising government and private sector investments in healthcare infrastructure would create attractive market opportunities for key companies operating in the market during the projection period for clinical workflow solutions.
Key Players:
MRFR recognizes the following companies as the key players in the global clinical workflow solutions market - Koninklijke Philips N.V.; Veradigm Inc. (formerly Allscripts Healthcare Solutions, Inc.); NXGN Management, LLC; McKesson Corporation; Cisco Systems, Inc.; Cerner Corporation (acquired by Oracle Corporation); Getinge AB.; Vocera Communications, Inc.; Spok Inc.; AMETEK, Inc.
Segment Analysis
The global clinical workflow solutions market has been segmented into type and end-use.
On the basis of type, the market is segmented into Data Integration Solutions, Real-time Communication Solutions, Workflow Automation Solutions, Care Collaboration Solutions and Enterprise Reporting & Analytics Solutions. The data integration solutions segment was attributed to holding the largest market share in 2022. One of the main factors driving the development of data integration solutions has been the growing need for the use of medical records and their integration across hospital departments, which can be ascribed to the huge proportion of this market. Government incentives and sanctions are also implemented, which supports this.
Based on end-use, the global clinical workflow solutions market has been segmented into Hospitals, Long-term Care Facilities and Ambulatory Care Centers. The hospitals segment was expected to hold the largest market share in 2022 due to the relevance, growth in healthcare institutions, and associated data that needed effective administration and privacy. Government programs that promote the healthcare industry and make it easier for hospitals to manage their enormous amounts of data are also anticipated to spur market expansion.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Clinical Workflow Solutions Market Research Report
Regional Analysis
The global clinical workflow solutions market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe clinical workflow solutions market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The clinical workflow solutions market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World clinical workflow solutions market comprises of Middle East, Africa, and Latin America.
The largest market share for clinical workflow solutions was maintained by the North American regional sector. The market for North American clinical workflow solutions is expanding due to rising government initiatives for eHealth, improvements in the healthcare infrastructure that followed, a rise in medical tourism, and rising demand for high-quality healthcare in developing nations.
Moreover, because of the sharp rise in demand for healthcare IT solutions in the medical sector, the Europe market has been steadily expanding during the anticipated period. Government assistance for expanding medical tourism, the implementation of e-Health, the strong demand for high-quality healthcare, and improved healthcare infrastructure are other key drivers of market expansion in the area.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period. This is because there are significant unmet medical requirements and the healthcare system is always being improved to treat chronic diseases. Additionally, the Asia-Pacific market is expected to be driven by the rapidly expanding older population in developing countries.
Furthermore, the rest of the world's clinical workflow solutions market is divided into the Middle East, Africa, and Latin America. Due to an increase in the number of healthcare solution research and development projects, together with an increase in hospital patient admissions, the amount of data created is likely to drive market expansion in rest of the world.
Key Findings of the Study
- The global clinical workflow solutions market is expected to reach USD 28.678 billion by 2032, at a CAGR of 12.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market spurred by the fast growing older population in developing nations
- Based on end-use, the hospitals segment was attributed to holding the largest market in 2022, with an approximate market share of 40%.
- Koninklijke Philips N.V.; Veradigm Inc. (formerly Allscripts Healthcare Solutions, Inc.); NXGN Management, LLC; McKesson Corporation; Cisco Systems, Inc.; Cerner Corporation (acquired by Oracle Corporation); Getinge AB.; Vocera Communications, Inc.; Spok Inc.; AMETEK, Inc.
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Companies Covered | 15 |
Pages | 128 |
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