Market Research Report
Clinical Workflow Solutions Market by Product (Data Integration, EMR Integration, Nurse Call Systems, Unified Communications, Care Solutions, Patient Flow Management, Enterprise Solutions), End Users, and Region - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||776938|
|Published||Content info||209 Pages
Delivery time: 1-2 business days
|Clinical Workflow Solutions Market by Product (Data Integration, EMR Integration, Nurse Call Systems, Unified Communications, Care Solutions, Patient Flow Management, Enterprise Solutions), End Users, and Region - Global Forecast to 2023|
|Published: January 21, 2019||Content info: 209 Pages||
The clinical workflow solutions market is expected to reach USD 12.1 billion by 2023 from an estimated USD 6.8 billion in 2018, at a CAGR of 12.4%. Rising need to curtail healthcare costs and the increasing patient volume due to the rising prevalence of chronic diseases are the primary growth drivers for this market. Low doctor-to-patient ratio leading to increased dependency on healthcare IT solutions and the emerging markets are expected to offer significant growth opportunities for players in this market. However, Lack of trained healthcare IT professionals and reluctance to use clinical workflow solutions over conventional practices are some of the major market challenges.
On the basis of products, the clinical workflow solutions market is segmented into workflow automation solutions, care collaboration solutions, real-time communication solutions, data integration solutions, and enterprise reporting and analytics solutions. The enterprise reporting & analytics solutions segment is projected to witness the highest growth in the clinical workflow solutions market during the forecast period. Growth in this segment is largely driven by the government initiatives to increase EHR adoption, growing pressure to curb healthcare costs and, increasing venture capital investments.
On the basis of products, the data integration solutions segment is further sub segmented into EMR integration solutions and Medical image integration solutions. The EMR integration solutions segment is projected to witness the highest growth in the data integration market during the forecast period. The increasing volume of medical records, which requires proper management and storage, the need for a secure electronic patient record compliant and the demand for a streamlined clinical and administrative processes with content-centric automation are accelerating the growth of this segment during the forecast period.
Even though North America is expected to account for the largest share of the global clinical workflow solutions market in 2018, Latin America is expected to witness the highest CAGR during the forecast period. The increasing government initiatives for eHealth, subsequent improvements in the healthcare infrastructure in emerging LATAM countries, rising medical tourism, and growing demand for quality healthcare are factors driving the growth of this regional segment.
A breakdown of the primary participants referred to for this report is provided below:
The prominent players in the global clinical workflow solutions market are: Hill-Rom Holdings, Inc. (US), Ascom Holding AG (Switzerland), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Cisco Systems, Inc. (US), Stanley Black & Decker, Inc. (US), Cerner Corporation (US), Infor, Inc. (US), Allscripts Healthcare Solutions, Inc. (US), and McKesson Corporation (US).
The report analyzes the market for various clinical workflow solutions and their adoption pattern. It aims at estimating the market size and future growth potential of the global clinical workflow solutions market and different segments such as products, end user, and regions. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product & service offerings, and recent developments.
The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening their market presence.
This report provides insights on the following pointers:
*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.