USD 6.98 billion
Report ID:
SQMIG45E2087 |
Region:
Global |
Published Date: February, 2024
Pages:
244
|Tables:
86
|Figures:
76
Patient Referral Management Software Market size was valued at USD 8.21 Billion in 2023 and is poised to grow from USD 9.65 Billion in 2024 to USD 35.32 Billion by 2032, growing at a CAGR of 17.6% during the forecast period (2025-2032).
Patient Referral Management Softwares are becoming popular since they enable greater convenience for healthcare providers, payers and most importantly, patients.All the patient referral management software empowers health system to manage their end to end referral cycle with extensive visibility and thus enabling the providers to streamline the process, reduce medical error delays and get analytical insights for informed decision making.
Reduction in referral processing time, increase in the number of referral loop closures, Increase in the efficiency of referral coordinators, reduce manpower in operational expenses,reduction in incomplete and inappropriate referrals,reduction in patient referral leakage Are the various applications provided by patient referral management software all across the globe.Along with reduction in referral leakage, many referral management software provides patient communication, scheduling E consults and CRM.Many referral management software automatically prioritize specialty providers based on accepted insurance provider affiliation, average wait time, distance from patient, and other metrics in order to accurately match patient and provider.
US Patient Referral Management Software Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 6.98 billion
Largest Segment
Cloud & Web-based
Fastest Growth
Cloud & Web-based
Growth Rate
17.6% CAGR
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Global Patient Referral Management Software market is segmented on the basis of deployment, component,type,end user and region. By deployment, the market is segmented into Cloud & Web-based, On-premise. By type, the market is segmented into Inbound, Outbound. By component the market is segmented into Software and services.By end user the market is segmented into providers and payers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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Globally, North America is estimated to hold the highest global Patient Referral Management Software market share .
Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing Rising demand for quality care at affordable cost, rising geriatric population, and subsequent increase in the prevalence of various chronic disease.Increase in the number of patients that have resulted in increased demand for platform ensuring end to end patient care to ensure complete recovery will feel the growth of referral management market in Asia Pacific region.
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Patient Referral Management Software Market Drivers
Increasing Government Initiatives and New product launches are boosting the Patient Referral Management Software market
Patient Referral Management Software Market Restraints
Critical methods of security & Scarcity of IT technicians can slow down and hinder the market growth
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Competition in the global Patient Referral Management Software market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of softwares compatible with Patient Referral Management Software will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Patient Referral Management Software Market Top Player’s Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Patient Referral Management Software market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such asAccess of data from any place,Low hardware investment along with extreme capacity flexibility. Patient Referral Management Softwares will enable healthcare facilities to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 6.98 billion |
Market size value in 2031 | USD 30.03 billion |
Growth Rate | 17.6% |
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:-
|
Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Patient Referral Management Software 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 Patient Referral Management Software 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Patient Referral Management Software Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Patient Referral Management Software 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.
Patient Referral Management Software Market size was valued at USD 6.98 billion in 2019 and is poised to grow from USD 8.21 billion in 2023 to USD 30.03 billion by 2031, growing at a CAGR of 17.6% in the forecast period (2024-2031).
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Report ID: SQMIG45E2087
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