September 23, 2021
Clinical Workflow Solution

Clinical Workflow Solutions Market Value to Cross US$ 16.99 Bn by 2027

Precedence Research has published a new report titled Clinical Workflow Solutions Market (By Type: Real-Time Communication Solutions, Data Integration Solutions, Workflow Automation Solutions, Enterprise Reporting & Analytics Solutions, and Care Collaboration Solutions; By End-use: Ambulatory Care Centers, Long-term Care Facilities, and Hospitals) – Global Market Size, Trends Analysis, Segment Forecasts, Regional Outlook 2020 – 2027″, the global clinical workflow solutions market size is expected to grow US$ 16.99 Billion by 2027, decelerating at a CAGR of over 12.6% from 2020 to 2027. The report contains 150+ pages with detailed analysis.

The global clinical workflow solutions market research report gives a brief summary of definitions, size analysis and place of production, sales, applications, types, and major players/key vendors of the clinical workflow solutions industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies. The report provides the overall revenue of the global clinical workflow solutions Market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year.

Market Estimations:

Market Was Valued In 2019 US$ 6.57 Billion
Market Is Projected To Grow By 2027 US$ 16.99 Billion
Compound Annual Growth Rate (CAGR) 5 percent from 2020 to 2027

Clinical workflow is an interaction between surgeon or physician, health records, patients, nurses or other staff, and third-party applications. Poor integration in workflow may hamper the clinical workflow by making it more essential for clinicians to use same data for multiple applications along with logging into various systems for finding the appropriate information that helps in making crucial clinical decisions. Clinical workflow solution vendors experience high pressure from consumers to introduce seamless and effective solutions that can process more in less time.

Get the Sample Pages of Report for More Understanding@ https://www.precedenceresearch.com/sample/1104

Growth Factors

Healthcare service providers constantly face challenges to provide good quality healthcare. Diminishing resources, aging population, and budget constraints are some of the key factors that propel the demand for quality care. In the wake of same, hospitals and medical centers are prominently adopting technology-driven solutions to handle the patient’s information and other workflows more efficiently and effectively. Rapid technological advancement that enables easy adoption as well as reduces complexities in the workflow drives the adoption rate of these solutions at a rapid pace. Furthermore, implementation of cloud-based computing platform to upgrade the clinical database management anticipated to bolster the market growth in the coming years.

Report Highlights

• In 2019, North America led the global market due to increasing number of R&D activities on healthcare solutions along with rising number of patient admissions in the hospitals
• The Asia Pacific registered the fastest CAGR over the forecast period owing to prominent surge in the demand for healthcare IT solutions in the medical sector
• Data integration systems are prominently preferred by the healthcare service providers due to need for integration to curb the rising costs and increasing data volumes.
• Care collaboration solution have gained significant traction in the past few years and expected to exhibit escalating demand during the forecast period due to the increased emphasis on the patient-centric services
• By end-use segment, hospitals occupied the maximum market share in 2019 due to rising number of healthcare facilities and associated data that require privacy
• Ambulatory care centers predicted to register the highest growth over the analysis period due to spike in the out-patient admissions in health centers and integration of IT solutions

Regional Snapshots

In 2019, North America led the global clinical workflow solutions market owing to the increasing geriatric population and rising admission of patients in the hospitals primarily raising the volume of data entry. Furthermore, government initiatives related to the interoperability, effective usage of Electronic Health Record (EHR), and prime focus on patient care fuel the market growth for clinical workflow solutions in the region. For instance, in August 2018, as per the data published by EHR intelligence, the regional government invested USD 38 Billion in healthcare facilities for installing EHR systems through Meaningful Use (MU) program in Medicaid and Medicare since 2011.

On the other hand, the Asia Pacific region predicted to be the fastest growing region in the global clinical workflow solutions market. The region observed a prominent rise in the demand for healthcare IT solutions especially in the medical sector owing to increasing investment from developing countries. Furthermore, favorable initiatives undertaken by the government for improving healthcare infrastructure, rising medical tourism, implementation of eHealth, and the presence of quality healthcare are the key factors that drive the market growth in the region.

COVID-19 Impact on Clinical Workflow Solutions Market Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the clinical workflow solutions market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Precedence Research’s study predicts gradual recovery for the clinical workflow solutions market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Key Players & Strategies

Some of the key market players that captured the maximum revenue share in the clinical workflow solutions market include Hill-Rom Holdings, Inc.; McKesson Corporation; Cisco; NextGen Healthcare Information Systems; Philips Healthcare; AthenaHealth; GE Healthcare Allscripts; Cerner Corporation; and Koninklijke Philips N.V. These players offer licensed software or solutions to the hospitals or healthcare service providers that expected to propel the adoption of clinical workflow solutions.

Significant investment by the key industry participants for developing advanced systems for healthcare management is the key contributor towards the market growth. Further, strategic alliances and development of new products, including their promotional activities, mergers, and partnership agreements are very crucial in maintaining high competition rivalry among the industry players.

In addition, major market players are collaborating with government associations for innovating clinical workflow solutions. For instance, in September 2018, Google and the American Medical Association (AMA) collaborated together to introduce AMA health care interoperability and innovation challenge. Initiatives like these anticipated to foster the demand for clinical workflow solutions over the forecast period.

Some of the key players operating in the market are 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, and athenahealth, Inc. among others.

Segments Covered in the Report

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

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Clinical Workflow Solutions Market, By Type

7.1. Clinical Workflow Solutions Market, by Type 2020-2027
7.1.1. Real-Time Communication Solutions
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Data Integration Solutions
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Workflow Automation Solutions
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Enterprise Reporting & Analytics Solutions
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Care Collaboration Solutions
7.1.5.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Clinical Workflow Solutions Market, By End User

8.1. Clinical Workflow Solutions Market, by End User, 2020-2027
8.1.1. Ambulatory Care Centers
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Long-term Care Facilities
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Hospitals
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Clinical Workflow Solutions Market, Regional Estimates and Trend Forecast

9.1. North America
9.1.1. Market Revenue and Forecast, by Type (2016-2027)
9.1.2. Market Revenue and Forecast, by End User (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.1.3.2. Market Revenue and Forecast, by End User (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.1.4.2. Market Revenue and Forecast, by End User (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.2. Market Revenue and Forecast, by End User (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.3.2. Market Revenue and Forecast, by End User (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.4.2. Market Revenue and Forecast, by End User (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.5.2. Market Revenue and Forecast, by End User (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Type (2016-2027)
9.2.6.2. Market Revenue and Forecast, by End User (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.2. Market Revenue and Forecast, by End User (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.3.2. Market Revenue and Forecast, by End User (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.4.2. Market Revenue and Forecast, by End User (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.5.2. Market Revenue and Forecast, by End User (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Type (2016-2027)
9.3.6.2. Market Revenue and Forecast, by End User (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.2. Market Revenue and Forecast, by End User (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.3.2. Market Revenue and Forecast, by End User (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.4.2. Market Revenue and Forecast, by End User (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.5.2. Market Revenue and Forecast, by End User (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Type (2016-2027)
9.4.6.2. Market Revenue and Forecast, by End User (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Type (2016-2027)
9.5.2. Market Revenue and Forecast, by End User (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Type (2016-2027)
9.5.3.2. Market Revenue and Forecast, by End User (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Type (2016-2027)
9.5.4.2. Market Revenue and Forecast, by End User (2016-2027)

Chapter 10. Company Profiles

10.1. Cerner Corporation
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Allscripts Healthcare Solutions, Inc.
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. NXGN Management, LLC
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Koninklijke Philips N.V.
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. McKesson Corporation
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Hill-Rom Services Inc.
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. General Electric
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Cisco
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Stanly Healthcare
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. ASCOM
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
10.11. Vocera Communications
10.11.1. Company Overview
10.11.2. Product Offerings
10.11.3. Financial Performance
10.11.4. Recent Initiatives
10.12. athenahealth, Inc.
10.12.1. Company Overview
10.12.2. Product Offerings
10.12.3. Financial Performance
10.12.4. Recent Initiatives

Chapter 11. Research Methodology

11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions

Chapter 12. Appendix

12.1. About Us
12.2. Glossary of Terms

Purchase This Premium Research Report @ https://www.precedenceresearch.com/checkout/1104

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Bloghttps://precedenceresearchnews.wordpress.com

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

View all posts by Precedence Research →

Leave a Reply

Your email address will not be published. Required fields are marked *