Hope Tribune

Clinical Workflow Solutions Market Size Projected To Reach USD 15.2 Billion By 2026, Aided Primarily By The Growing Global Patient Volume

 Breaking News
  • No posts were found

Clinical Workflow Solutions Market Size Projected To Reach USD 15.2 Billion By 2026, Aided Primarily By The Growing Global Patient Volume

January 13
23:00 2021
Clinical Workflow Solutions Market Size Projected To Reach USD 15.2 Billion By 2026, Aided Primarily By The Growing Global Patient Volume

Grand View Research, Inc. – Market Research And Consulting.
According to a report published by Grand View Research, With the continued strain on the healthcare resources around the globe, which has been affected further by the COVID-19 pandemic, the use of clinical workflow solutions becomes more critical to ensure the proper functioning of these institutes.

The global clinical workflow solutions market size is projected to become USD 15.2 billion by 2026, expanding at a CAGR of 12.3%, as per a report by Grand View Research, Inc. The increasing volume of patient health information on account of the growing prevalence of chronic disorders, coupled with the high demand for better quality of healthcare services by patients, is expected to fuel adoption of workflow software and services in the healthcare setup. Organizations are swiftly moving towards data-centric approaches in order to better serve the patients, while also helping in making informed and timely decisions, thus enhancing the demand for technology-driven solutions.

The interoperability and compatibility of the systems with different platforms due to their robust technology has enhanced the growth prospects for the market. Collaborative efforts by software developers along with the researchers to make healthcare information available to users are projected to contribute towards lucrative market growth over the forecast period. The current outbreak of the coronavirus pandemic has had a heavy impact on medical institutions, on a much greater extent in the United States and Western Europe. As such, organizations are teaming up with government agencies to manage areas such as patient flow, as well the scheduling of nursing and hospital staff, so as not to overburden the resources.

The clinical workflow solutions market is broadly classified on the basis of solution type and end-use. In terms of type, the market is segmented into: data integration solutions, which comprises of EMR integration and medical image integration; real-time communication solutions, consisting of nurse call alert systems and unified communication; workflow automation solutions, which includes patient flow management and nursing and staff scheduling; care collaboration solutions; and enterprise reporting & analytics solutions. With regards to end-use, the market consists of hospitals, long-term care facilities, and ambulatory care centers. Key global players include McKesson Corporation, Hill-Rom Holdings Inc., NextGen Healthcare Information Systems Cisco, AthenaHealth, Philips Healthcare, Cerner Corporation GE Healthcare Allscripts, and Koninklijke Philips N.V.

U.S. clinical workflow solutions market size, by type, 2015 - 2026 (USD Billion)

Further key findings from the study suggest: 

·       The continued focus on developing an integrated software solution to avoid wrong medication and thus improve the quality of care is expected to fuel the adoption of clinical workflow solutions in the coming years.

·       With regards to solution, the data integration segment held the largest share of clinical workflow solution market revenue in 2018, while the care collaboration service segment is poised to witness notable growth due to rapid adoption by caregivers.

·       The hospital segment led the market in terms of revenue in 2018, owing to supportive government policies, growing awareness, and increasing number of training programs for technological implementation

·       With the advent of cloud-based computing, organizations have found it convenient to store and retrieve critical data, which is expected to incentivize market growth in the near future

·       As per Healthcare Information and Management Systems Society (HIMSS) data from 2019, Electronic Health Records (EHR) has been adopted by more than 60% of the hospitals

·       North America dominated the clinical workflow management system market in 2018, on account of the robust healthcare infrastructure as well as presence of key market players in the region, particularly the United States

·       On the other hand, Asia Pacific is projected to witness lucrative growth in the coming years, due to factors such as supportive government initiatives to adopt eHealth services by hospitals, and continued efforts to improve healthcare infrastructure in the region

·       Key market players such as Allscripts, NextGen Healthcare, McKesson Corporation, Athenahealth, Cerner Corporation, and Koninklijke Philips N.V. are focusing on strategies such as tie-ups with healthcare organizations, as well as launch of new services, in order to gain ground over competitors

·       For example, NextGen Healthcare announced in November 2020 that it’s NextGen Enterprise solution had been selected by the Orthopedic & Sports Medicine Center in Kansas in the areas of EHR and practice management (PM)

·       In another instance, Allscripts formed a partnership with the Sheba Medical Center in Israel in August 2020 for accelerating development and implementation of AI technologies, as well as improve patient care through the ARC Innovation Center of the hospital

“Would you Like/Try a Sample Report” Click the link belowhttps://www.grandviewresearch.com/industry-analysis/clinical-workflow-solutions-market/request/rs1

Grand View Research has segmented the global clinical workflow solutions market on the basis of type, end-use, and region:

Clinical Workflow Solutions Type Outlook (Revenue, USD Million, 2015 – 2026)

  • Data Integration Solutions

    • EMR Integration

    • Medical Image Integration

  • Real-Time Communication Solutions

    • Nurse Call Alert Systems

    • Unified Communication

  • Workflow Automation Solutions

    • Patient Flow Management

    • Nursing & Staff Scheduling

  • Care Collaboration Solutions

    • Medication Administration

    • Perinatal Care Management

    • Rounding Solutions

    • Other Care Collaboration (Specimen Collection and Blood Products Administration)

  • Enterprise Reporting & Analytics Solutions

Clinical Workflow Solutions End-use Outlook (Revenue, USD Million, 2015 – 2026)

  • Hospitals

  • Long-term Care Facilities

  • Ambulatory Care Centers

Clinical Workflow Solutions Regional Outlook (Revenue, USD Million, 2015 – 2026)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East and Africa (MEA)

    • Saudi Arabia

    • UAE

List of Key Players of Clinical Workflow Solutions Market
• McKesson Corporation
• Hill-Rom Holdings Inc.
• NextGen Healthcare Information Systems
• Cisco
• AthenaHealth
• Philips Healthcare
• Cerner Corporation
• GE Healthcare Allscripts
• and Koninklijke Philips N.V.

Have Any Query? Ask Our Experts for More Details on Reporthttps://www.grandviewresearch.com/inquiry/6979/ibb

Browse Related Report @

Clinical Trials Management System Market – https://www.grandviewresearch.com/industry-analysis/clinical-trial-management-system-ctms-market

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/clinical-workflow-solutions-market