Clinical Workflow Solutions Market Size Will Attain USD 23.99 Billion By 2030

The global clinical workflow solutions market size accounted for USD 9.27 billion in 2022 and is expected to surpass around USD 23.99 billion by 2030, growing at a CAGR of 12.6% from 2022 to 2030.

To deliver high-quality care, the healthcare system is constantly challenged. The need for high-quality healthcare has been spurred in part by the aging population, declining resources, budgetary constraints, and a lack of clinical SOPs and treatment plans that are universally accepted. Hospitals are more openly making the transition to technology-driven frameworks to achieve this. Hospitals and medical facilities are integrating workflows for routine paperwork, personnel management for the administrative and medical staff, and simple access to patient administrative and clinical data across all departments.

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Market Growth

The transition of hospitals to technology-driven frameworks is becoming increasingly open. Hospitals and other healthcare facilities are integrating workflows for time-consuming paperwork, staff management, and quick access to the patient's clinical and administrative data across all of their departments. Additionally, in order to increase the use of interoperable, high-quality solutions, multimodal hospitals must share the data with their branch offices. Clinical workflow solutions are in greater demand as a result of caregivers' growing demands for increased clinician productivity and patient-centered care delivery.

Report Highlights

• Type Insight: With a market share of more than 26.0% in revenue in 2021, the data integration solutions sector led the industry. Because of the growing data volumes and the necessity for integration to contain rising costs, healthcare providers favor data integration technologies highly. The rising emphasis on patient-centric services is anticipated to propel the growth of the care collaboration solutions market over the course of the projected period.
• End-User Insight: Due to its applicability, the growing number of healthcare institutions, and the accompanying data that needs good administration and protection, the hospital sector led the market in 2020 with a revenue share of over 45.0%. Furthermore, the segment is anticipated to be driven over the course of the forecast period by the growing demand for workflow and the continuing trend toward connected hospitals. The demand for unified important clinical communications, streamlined call scheduling, and collaborative and integrated care delivery are significant, which is causing the segment to rise.

Report Scope of Clinical Workflow Solutions Market

Regional Analysis

With a market share of more than 40.0% in 2020, North America dominated. Increased government initiatives regarding the effective use of interoperability, Electronic Health Records, and other solutions, as well as factors like rising R&D activities and patient admissions in hospitals that generate large volumes of data, are all factors that are influencing market expansion in the region. Due to rising investments from emerging nations, Asia Pacific is predicted to have the highest CAGR of 13.7% during the projection period. In the medical industry, there is a sharp rise in demand for healthcare IT solutions.

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Market Dynamics

Drivers

As their customer base expands and they enter new markets and areas, businesses are facing a variety of difficulties in managing rapidly expanding data sources. The arrival of big data technology has caused organizations to start realizing the advantages of fully utilizing big data and investing in big data technologies, such as clinical workflow solutions. As a result, the market for clinical workflow solutions is expected to rise due to the surge in demand for big data analytics.

Restraints

In order to capture and integrate enormous amounts of data from numerous internal and external data sources and to gain valuable business insights, organizations should now adopt current clinical workflow systems for data management and business management. However, the workforce's lack of knowledge and expertise keeps them from embracing clinical workflow solutions. Because of this, the market for clinical workflow solutions is expected to grow slowly throughout the forecast period.

Opportunities

Clinical workflow solutions are becoming more and more popular among healthcare organizations seeking more appealing, efficient, and effective approaches to boost patient outcomes and safety. This is as a result of the fact that these solutions enable a constant flow of real-time health data, leading to better-informed treatment choices and outcomes. Clinical workflow solutions include features that can improve care quality, care coordination, and overall patient contentment while also reducing the risk of medication errors and adverse drug events. Their use is expected to increase in the coming years.

Recent Development

In September 2020, Healthcare organizations wanting to improve clinical workflows and patient care can now access MH-CURE thanks to a partnership between ePlusinc. and Mobile Heartbeat. A platform for Unified Clinical Communication is MH-CURE.

Key Players:

• Cerner Corporation
• Allscripts Healthcare Solutions, Inc.
• NXGN Management, LLC
• Koninklijke Philips N.V.
• McKesson Corporation
• Hill-Rom Services Inc.
• General Electric
• Cisco
• Stanly Healthcare
• ASCOM
• Vocera Communications
• athenahealth, Inc.

Market Segmentation

By Type

• Real-Time Communication Solutions
  • Unified Communication
  • Nurse Call Alert Systems
• Data Integration Solutions
  • Medical Image Integration
  • EMR Integration
• Workflow Automation Solutions
  • Nursing & Staff Scheduling Solutions
  • Patient Flow Management Solutions
• Enterprise Reporting & Analytics Solutions
• Care Collaboration Solutions
  • Rounding Solutions
  • Perinatal Care Management
  • Medication Administration
  • Other Care Collaboration Solutions

By End-User

• Ambulatory Care Centers
• Long-term Care Facilities
• Hospitals

Regional Segmentation

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
• Latin America (Brazil and Rest of Latin America)
• Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

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Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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