Clinical workflow solutions market

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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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).

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. '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 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.

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.

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.

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Clinical workflow solutions market

Report ID: SQSG35G2023

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