Clinical Workflow Solutions Market
Report ID: SQSG35G2023
Clinical Workflow Solutions Market Size, Share, Growth Analysis, By Type(Data Integration solutions, Real Time Communication solution, Workflow Automation Solution, Care Collaboration Solutions), By End Use(Hospitals, Long-term care facilities, Ambulatory Care Centers), By Region - Industry Forecast 2024-2031
Report ID:
SQSG35G2023 |
Region:
Global |
Published Date: April, 2024
Pages:
260
|Tables:
66
|Figures:
75
Clinical Workflow Solutions Market Insights
Global Clinical Workflow Solutions Market size was valued at USD 2.83 billion in 2019 and is poised to grow from USD 3.19 billion in 2023 to USD 9.27 billion by 2031, growing at a CAGR of 12.6% in the forecast period (2024-2031).
Growth in this market is driven by the implementation of government initiative supporting the adoption of HCIT solutions, advantages of clinical workflow solutions in enhancing patient care and safety, increasing patient volume due to the COVID-19 pandemic, growing adoption of EHRs and other HCIT solutions, and the rising need to curtail healthcare costs.
Hospital and medical centers are in the process of integrating workflows of repetitive documentation, administrative and medical staff management as well as easy access to the patient’s administrative and clinical data in all the departments. Furthermore, multi modal hospitals require sharing of data with their branch offices, in order of this usage of interoperable quality solutions are raising. An increase in demand for patient-centred care delivery and improved clinician productivity from caregivers has prominently bolstered the demand for clinical workflow systems.
The significance of clinical workflow management system has been recognized across numerous entities including private and public sectors. In addition, clinical centers are undertaking initiatives for stimulating the integration and installation of Electronic Health Record (EHR) and clinical decision support solution. This, in turn, anticipated to positively impact the market for clinical workflow solutions by inspiring hospitals to implement these services.
US Clinical Workflow Solutions Market is poised to grow at a sustainable CAGR for the next forecast year.
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Clinical Workflow Solutions Market Segmental Analysis
Global clinical workflow solutions market is segmented based on type, end use, and region. On the basis of type, Clinical Workflow Solutions Market is segmented as data integration solutions (EMR integration solution, medical image integration solution), real time communication solution( nurse call alert systems, unified communication solutions), workflow automation solution(patient flow management solution, nursing and staff scheduling solution), care collaboration solutions(medical administration solutions, perinatal care management solution, rounding solution and other care collaboration solution), enterprise reporting and analytics solution. On the basis of end use, Clinical Workflow Solutions Market is segmented into hospitals, long term care facilities, and ambulatory care centers. Based on region, Clinical Workflow Solutions Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, Latin America.
Clinical Workflow Solutions Market Analysis by Type
The data integration solution segment dominated the market with a revenue share of over 26.0% in 2021. Data integration systems are highly preferred by healthcare providers owing to the increased data volumes and the need for integration to curb rising costs. Caregivers are looking for an integrated system that enables users to access patient information across the complete continuum of care. Factors such as the increased adoption of electronic medical records, interoperability solutions, regulatory reforms and requirements, and shifting of focus towards value-based services are propelling the segment growth.
Clinical Workflow Solutions Market Analysis by End Use
The hospital segment dominated the market with a revenue share of over 45.0% in 2021 owing to the applicability, rising number of healthcare facilities, and associated data that needs proper management along with privacy. In addition, government initiatives to support the healthcare sector and simplify the complexity of a large amount of data in hospitals are further expected to drive the market.
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Clinical Workflow Solutions Market Regional Insights
North America dominated the market with over 40.7% share in 2021. Factors such as increasing R&D activities and patient admission in the hospitals leading to the generation of high volume of data and increasing government initiatives regarding the effective usage of interoperability, EHR, and other solutions are contributing to the market growth in the region. In addition, increasing focus on patient care and rising healthcare spending on digitization for secure exchange of data within organizations are driving the regional market.
Asia Pacific is expected to exhibit the fastest CAGR of 14% over the forecast period owing to the increasing investments from emerging economies. There is a significant increase in demand for healthcare information technology solutions in the medical sector. Supportive government initiatives for the implementation of eHealth, improving healthcare infrastructure, increasing medical tourism, and high demand for quality healthcare are the key factors driving the regional market.
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Clinical Workflow Solutions Market Dynamics
Clinical Workflow Solutions Market Driver
- Clinical workflow solutions mainly focus on enhancing patient care and safety. Clinical workflow solutions have become increasingly meaningful to healthcare organizations seeking more seamless, attractive, and impactful ways to improve patient outcomes and safety. This is because these solutions enable the flow of real-time health data for constant monitoring resulting in more informed care decisions and improved outcomes. The clinical workflow solutions offer functionalities to help improve care quality, care coordination, and overall patient satisfaction while reducing the rate of medication errors and adverse drug events, their adoption is expected to increase in the coming years.
Clinical Workflow Solutions Market Restraint
- Organizations should use modern clinical workflow solutions in data management and business management these days to gather and integrate huge amounts of data from multiple internal and external data sources to gain significant business insights. However, lack of knowledge and skills within the workforce prevents them from embracing clinical workflow solutions.
- Thus, a single hospital may employ a few dozen interfaces, while a large health system with many sites may have to employ hundreds or even thousands of interfaces. Also, health information exchanges employed by hospitals as a solution to interoperability pose several challenges, which include financial burden as well as technical difficulties in building and operation. As a result, the lack of expertise is hampering the growth of clinical workflow solutions market during the forecast period.
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Clinical Workflow Solutions Market Competitive Landscape
Global 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
Top Players in the Global Clinical Workflow Solutions Market
- Cerner Corporation
- McKesson Corporation
- Allscripts Healthcare Solutions, Inc
- Athenahealth, Inc.
- GE Healthcare
- Koninklijke Philips N.V.
- Siemens Healthineers AG
- Infor, Inc.
- Optum, Inc. (UnitedHealth Group)
- Epic Systems Corporation
- eClinicalWorks LLC
- NextGen Healthcare, Inc.
- Agfa-Gevaert N.V.
- Carestream Health
- Merge Healthcare, Inc. (an IBM Company)
- Wolters Kluwer N.V.
- IBM Watson Health
- Meditech
- CureMD Healthcare
- Infosys Limited
Clinical Workflow Solutions Market Recent Developments
- In January 2020, Infor entered into an agreement to acquire Intelligent InSite’s Inc. This acquisition enabled Infor to offer an expanded suite of technology for healthcare organizations.
- In May 2020, Stanley healthcare collaborated with CISCO. Under this collaboration, STANLEY Healthcare’s Aero Scout Real-time Location System (RTLS) platform has been fully integrated with Cisco DNA Spaces. This collaboration enables STANLEY Healthcare to deliver a more seamless and cost-effective solution to healthcare providers who rely on RTLS as a core part of their operations.
- In April 2020, GE healthcare launched software solutions, virtual care solutions.
- In November 2019, Getinge opened its Experience Center in Tokyo, Japan.
- In April 2020, Capsule technologies acquired Bernoulli. Under this acquisition, Bernoulli’s Clinical Surveillance solution will be integrated with Capsule Technologies’ Medical Device Integration platform. This acquisition further strengthened Capsule Technologies’ connectivity capabilities.
- 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.
Clinical Workflow Solutions Key Market Trends
- Health care businesses seeking more attractive, smooth, and impactful ways to improve patient outcomes and safety are increasingly turning to clinical workflow solutions. This is due to the fact that these solutions allow for the continuous flow of real-time health data, resulting in better-informed care decisions and results. Clinical workflow solutions provide characteristics that can help enhance care quality, care coordination, and overall patient happiness while also lowering the risk of medication errors and adverse drug events, and their usage is projected to rise in the future years.
- Hospitals and medical centers are in the process of integrating workflows of repetitive documentation, administrative & medical staff management as well as easy access to the patient’s administrative and clinical data in all the departments. Furthermore, multi modal hospitals require sharing of data with their branch offices, in order of this usage of interoperable quality solutions are raising. An increase in demand for patient-centered care delivery and improved clinician productivity from caregivers has prominently bolstered the demand for clinical workflow systems.
- The significance of clinical workflow management system has been recognized across numerous entities including private and public sectors. In addition, clinical centers are undertaking initiatives for stimulating the integration and installation of Electronic Health Record (EHR) and clinical decision support solution. This, in turn, anticipated to positively impact the market for clinical workflow solutions by inspiring hospitals to implement these services.
Clinical Workflow Solutions Market SkyQuest Analysis
Sky Quest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, shift from volume-based to value-based care is a key trend which has cemented the role of clinical workflow solutions in patient-centered care. Advancements in current- generation EHR systems are propelling the prospects of the clinical workflow solutions market. The multifaceted nature of EHR system has led to advancement in software systems.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 2.83 billion |
| Market size value in 2031 | USD 9.27 billion |
| Growth Rate | 12.6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Clinical Workflow Solutions Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Clinical Workflow Solutions Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Clinical Workflow Solutions Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Clinical Workflow Solutions Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Clinical Workflow Solutions Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Clinical Workflow Solutions Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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