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%. The major factors driving the growth of this market are the rising need to curtail healthcare costs and the increasing patient volume due to the rising prevalence of chronic diseases. Detailed insights on upcoming trends, R&D activities, & product or service launches in clinical workflow solutions market. Comprehensive information on product portfolios offered by top players in global clinical workflow solutions market —
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Clinical workflow solutions market is segmented into hospitals, long-term care facilities, and ambulatory care facilities. The hospital segment is estimated to hold the largest share of the market in 2018. The large share of this segment is attributed to the increasing number of initiatives to improve the quality of care delivered to patients and the growing need to improve profitability of healthcare operations and curtail healthcare costs.
Report analyzes 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 clinical workflow solutions market along with their company profiles, product & service offerings, and recent developments..
#Table of Content
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Clinical Workflow Solutions Market, By Type
8 Clinical Workflow Solutions Market, By End User
9 Clinical Workflow Solutions Market, By Region
10 Competitive Landscape
11 Company Profiles
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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.
This report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global clinical workflow solutions market
Product & Service Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product or service launches in the global clinical workflow solutions market
Market Development: Comprehensive information on the lucrative emerging regions by products, end user, and region
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global clinical workflow solutions market
Competitive Assessment: In-depth assessment of market shares, growth strategies, revenue analysis, and products& services of leading players in the global clinical workflow solutions market
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).
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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:
By Company Type: Tier 1 44%, Tier 2 38%, and Tier 3 18%
By Designation: C-level 46%, Director Level 38%, and Others 16%
By Region: North America 44%, Europe 27%, Asia Pacific 22%, Latin America- 5%, Middle East & Africa 2%
In addition, the government initiatives for HCIT adoption and the advantages of clinical workflow solutions in enhancing patient care and safety are also boosting the market growth. 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.
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