The global clinical workflow solutions market accounted for a value of USD 8.0 billion in 2019 and is projected to register growth at a CAGR of 12.3% during forecast period.
COVID-19 has impacted the clinical workflow solutions market. The demand for timely and accurate diagnosis is increasing across the globe due to outbreak of corona virus. The connected care technologies are very much in demand and it is proven very helpful as it allows monitoring of patients through digitally connected devices such as pulse oximeters. The demand and adoption of EHR and EMR platforms is increasing for handling complex data of patients. The pandemic has created various opportunities for clinical workflow solutions market.
For more details, visit: Global Clinical Workflow Solutions Market By Type (Care Collaboration Solutions, Real-Time Communication Solutions, Others), By End-Users (Hospitals, Long-Term Care Facilities, Others), By Region, Forecast & Opportunities to 2026
Clinical workflow solutions provide healthcare organizations more attractive and impactful ways to improve patient safety and conditions. Clinical workflow solutions enable real time data flow for monitoring for keeping constant track on patient’s health which helps in improving outcomes and making cared decision. This drives growth in clinical workflow solutions market during forecast period.
On the basis of type, the clinical workflow solutions market is segmented into data integration, real-time communication solutions, care collaboration solutions, workflow automations solutions and enterprising reporting & analytics solutions. The data integration solutions segment is accounted for largest market share in 2019. The demand for integrating medical records is increasing in hospitals it is the major driver for growth in data integration segment. Governments across various regions are implementing new policies to support data integration segment. This drives growth in data integration segment during forecast period.
On the basis of end-users, the clinical workflow solutions market is segmented into hospitals, long-term care facilities and ambulatory care centers. The ambulatory care centers segment is estimated to register highest growth during forecast period. The demand for such centers is increasing rapidly around the globe. It helps in streamlining administrative tasks and improves information access. It reduces treatment cost. This is likely to drive growth in ambulatory care centers during forecast period.
Latin America region is estimated to register growth at highest CAGR during forecast period. Government is adopting various initiatives for promoting E-health in Latin America region. The healthcare infrastructure is improving rapidly and medical tourism is increasing which increases demand for better quality healthcare facilities. The people in this region are also demanding better and improved healthcare facilities. The adoption of better and quality clinical workflow solutions are increasing immensely. This drives growth in Latin America region during forecast period.
The key market players in clinical workflow solutions industry are Hill-Rom Holdings Inc., Ascom Holdings AG, Epic Systems Corporation, Cerner Corporation, GE Healthcare, Koninklijke Philips N.V., Cisco Systems, Stanley Black & Decker Inc., Rauland-Borg Corporation, Allscripts Healthcare Solutions, Change Healthcare, Getinge Group, Azure Healthcare Ltd., Nextgen Healthcare, Capsule Technologies Inc., Vocera Communications and Spok Inc.
- What are the expected industry trends over the next three to five years?
- Which of the clinical workflow solutions type is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?