PUBLISHER: Allied Market Research | PRODUCT CODE: 1193041
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193041
The global clinical workflow solutions market was valued at $9,630.18 million in 2021, and is projected to reach $29,255.17 million by 2031, registering a CAGR of 11.8% from 2022 to 2031. Clinical workflow solutions are tools that aid in better coordination among physicians or surgeons, nurses or other staff, and patients by facilitating better workflows and aiding in collaboration in clinics and hospitals. Furthermore, surveillance and analytics are used for effective monitoring of the workflow. By integrating clinical workflow solutions, all the units in the hospital can work in harmony and coordination to offer patients proper safety and care. Such solutions would be beneficial for both the patients and staff due to improved flexibility for optimization of the workflow, better transparency, data cross martyring, satisfactory experience, and varying reimbursement levels. They are also handy in the management and storage of vast medical data that is increasing day by day.
A workflow solution void of proper management and integration can affect the functioning of workflows by making it crucial for clinicians to use the data in multiple applications or extensive search for gathering clinical data to imply it in making clinical decisions. Owing to constant pressure on clinical workflow service providers, they are offering efficient and advanced solutions in the market.
The key factors that drive the growth of the market are rise in prevalence of cancer & chronic diseases; the surge in geriatric population; increase in demand for improved clinician productivity and patient-centered care delivery from caregivers and the efforts to reduce the cost of treatment for cancer and chronic diseases.. These are the factors that drive the clinical workflow solutions market. For instance, according to the International Agency of Cancer Research, 9,503,710 new cancer cases were diagnosed in Asia in 2020. The reasons behind the rise in the prevalence of cancer are aging, global warming, and an unhealthy lifestyle, which leads to physiological changes triggering cancer. Furthermore, growing dependence on healthcare IT solutions due to fewer doctors per patient ratio and increased government & private sector investments in healthcare infrastructure are expected to drive market growth.
However, the dearth of skilled professionals, high investment costs, data security, and privacy concerns are some of the factors which hamper the market's growth. Conversely, the emerging healthcare market in developing countries and low-income countries lacking access to basic healthcare and the increase in the risk of pandemic and communicable diseases are expected to provide a lucrative opportunity for the growth of the market during the forecast period.
The clinical workflow solution market is segmented on the basis of product, delivery mode, end user, and region. By product, the market is fragmented into data integration, real-time communication solutions, workflow automation solution, care collaboration solutions, and enterprise reporting & analytics solutions. On the basis of delivery mode, the market is bifurcated into cloud-based and on-premise. By end user, the market is classified into hospitals, long term care facilities, and ambulatory care facilities. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By product, on the basis of data integration, the market is further sub-segmented into medical image integration solutions/imaging workflow solutions and EMR integration solutions. On the basis of real-time communication solutions, it is further bifurcated into nurse call alert systems and unified communications solutions. On the basis of workflow automation solutions, it is further bifurcated into patient flow management solutions and nursing & staff scheduling solutions. On the basis of care collaboration solutions, it is further sub-segmented into medication administration solutions, rounding solutions, and others (specimen collection solutions and blood products administration solutions).
By Product
By Delivery Mode
By End User
By Region