Global Clinical Workflow Solutions Market, By Type (Data Integration Solutions, Real-Time Communication Solutions, Workflow Automation Solutions, Care Collaboration Solutions, Enterprise Reporting and Analytics Solutions), End- Users (Hospitals, Long-Term Care Facilities, Ambulatory Care Centers) – Industry Trends and Forecast to 2029.
Global Clinical Workflow Solutions Market Analysis and Size
Over the years, the healthcare sector has mostly focused towards the rapid adoption of electronic health records (EHR) systems in patient-centred workflows. Healthcare facilities are integrating procedures for tiresome paperwork, medical and administrative staff management and simple access to the patient's clinical and administrative data. Moreover, the increasing awareness regarding the advantages of clinical workflow solutions in enhancing patient care and safety has propelled the demand for the market. Consequently, these determinants will aid the expansion of the clinical workflow solutions market over the forecasted period.
- Data Bridge Market Research analyses that the clinical workflow solutions market is expected to reach the value of USD 24.86 billion by the year 2029, at a CAGR of 12.81% during the forecast period. The “data integration solutions” is expected to witness the fastest growth within the type segment owing to the surging demand for proper management and storage solutions that are capable of managing the increasing volume of medical records. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Clinical Workflow Solutions Market Definition
Clinical workflow solutions refer to software solutions that assist in enhancing diagnostic confidence, by combining imaging silos, streamlining workflows, and enabling collaboration. Additionally, these workflow solutions also assist in the monitoring of workflow through analytics and surveillance reporting.
Clinical Workflow Solutions Market Dynamics
- Growing dependency on healthcare IT solutions due to fewer doctors to patient ratio
Due to covid-19 the doctor ratio is going low many healthcare workers died due to surge in infections and that’s why the dependency on healthcare IT is growing.
- Government is taking many initiatives to enhance the adoption of healthcare IT
Government is looking to come up with new ways to keep maintain the healthcare system due to Covid-19 and one of the biggest initiative is healthcare it.
- Increasing cases of chronic diseases
With growing population the cases of chronic disease is growing and with COVID-19 pandemic and number of cases are rising on daily bases and it is driving the market.
- Growing demand to decrease healthcare costs
Healthcare is very expensive in some parts of the world and with growing population and growing poverty people ae demanding a cheaper healthcare system and it is driving the market.
Additionally, the rising application of clinical workflow to enhance patient safety, and technological advancement which decreases the complexities for expanded care delivery positively affect the clinical workflow solutions market.
Furthermore, advancements in software technology extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
Restraints/Challenges Global Clinical Workflow Solutions Market
On the other hand, a high investment cost, data security are expected to obstruct market growth. Also, privacy concerns and increasing interoperability issues are projected to challenge the clinical workflow solutions market in the forecast period of 2022-2029.
This clinical workflow solutions market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the clinical workflow solutions market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Clinical Workflow Solutions Market
Market players have taken initiatives such as new platforms and integration of their electronic health record (EHR) platforms to effectively help healthcare providers in handling COVID-19 patients. For instance, in April 2020, Hillrom partnered with AgileMD to provide COVID-19 clinical pathways at no charge for 12 months. AgileMD delivers an EHR-integrated software platform that inserts instant access to innovative predictive analytics and clinical pathways into surgeon and nursing workflows. Likewise, in December 2020, Canon Medical introduced the “AUTOStroke solution”, an AI-powered deep-learning clinical workflow automation platform.
- In September 2020, ePlusinc. partnered with Mobile Heartbeat to provide MH-CURE to healthcare administrations seeking to augment clinical workflows and patient care. MH-CURE is a Unified Clinical Communication platform.
Global Clinical Workflow Solutions Market Scope
The clinical workflow solutions market is segmented on the basis of type and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Data integration solutions
- Real-time communication
- Workflow automation solutions
- Care collaboration solutions
- Enterprise reporting and analytics solutions
On the basis of type, the clinical workflow solutions market is segmented into data integration solutions, real-time communication solutions, workflow automation solutions, care collaboration solutions and enterprise reporting and analytics solutions. Data integration solutions are further segmented into electronic medical records (EMR) integration solutions and medical image integration solutions. Real time communication solution is divided into nurse call alert systems and unified communication solutions. Workflow automation solutions are further divided into patient flow management solutions, and nursing and staff scheduling solutions. Care collaboration solutions are further divided into medication administration solutions, perinatal care management solutions and other care collaboration solutions. Data integration solutions is estimated to dominate this segment owing to the surging demand for proper management and storage solutions that are capable of managing the increasing volume of medical records.
- Long-term care facilities
- Ambulatory care centres
The end- user segment of clinical workflow solutions market is divided into hospitals, long-term care facilities, and ambulatory care centres
Clinical Workflow Solutions Market Regional Analysis/Insights
The clinical workflow solutions market is analysed and market size insights and trends are provided by country, type and end user as referenced above.
The countries covered in the clinical workflow solutions market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the clinical workflow solutions market due to increasing research and development activities and rising government initiatives to enhance the usage of electronic health record (EHR) and other solutions within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to improvement in healthcare infrastructure and growing medical tourism in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The clinical workflow solutions market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for clinical workflow solutions market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the clinical workflow solutions market. The data is available for historic period 2010-2020.
Competitive Landscape and Clinical Workflow Solutions Market Share Analysis
The clinical workflow solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to clinical workflow solutions market.
Some of the major players operating in the clinical workflow solutions market are Hill-Rom Services Inc., Ascom, Koninklijke Philips N.V., Cisco Systems Inc., STANLEY Healthcare, Cerner Corporation., Allscripts Healthcare, LLC, McKesson Corporation, Athenahealth, Vocera Communications., NXGN Management, LLC, Voalte, Azure Healthcare, 3M, Capsule Technologies Inc., General Electric Company, Epic Systems Corporation, Cognizant, IBM, Siemens and NXGN Management, LLC., among others.
Research Methodology : Global Clinical workflow solutions market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-clinical-workflow-solutions-market