Clinical Workflow Solutions Market: Trends and Developments
Growth in this market
is driven by the implementation of government initiatives 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.
The Clinical Workflow Solutions Market is projected to reach USD 18.1 billion by 2025 from USD 9.1 billion in 2020, at a CAGR of 14.8% during the forecast period.
Market
Segmentation: -
Based on products,
the clinical workflow solutions market is segmented into workflow automation
solutions, care collaboration solutions, real-time communication solutions,
data integration solutions, and enterprise reporting and analytics solutions.
The data integration segment is estimated to account for the largest market
share in 2019. The large share of this segment can be attributed to the
increasing demand for using medical records and integrating them across
hospital departments has been one of the major drivers for data integration
solutions.
Based on end users,
the clinical workflow solutions market is segmented into hospitals, long-term
care facilities, and ambulatory care facilities. The hospital segment is
estimated to account for the largest market share in 2019.
Market
Drivers:
1 Advantages of clinical workflow solutions in enhancing patient care
and safety
2 Government initiatives for HCIT adoption
3 Growing adoption of EHRs and other HCIT solutions
4 Increasing patient volume due to the rising prevalence of chronic diseases
and COVID-19
5 Rising need to curtail healthcare costs
Regional
Analysis: -
North America is
expected to account for the largest share of the clinical workflow solutions
market in 2019, followed by Europe. The dominance of the North American region
can be attributed to the growing healthcare IT spending, developed
infrastructure, evolving regulations for better healthcare outcomes, and the
presence of major market players in the region.
Top
Key Players: -
The prominent players
in the clinical workflow solutions market are are Hill-Rom Holdings, Inc. (US),
Ascom Holding AG (Switzerland), GE Healthcare (US), Koninklijke Philips N.V.
(Netherlands), Cisco Systems, Inc. (US), Stanley Black & Decker, Inc. (US),
Cerner Corporation (US), Infor, Inc. (US), Allscripts Healthcare Solutions,
Inc. (US), and McKesson Corporation (US).
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Email : sanjay.sutar@marketsandmarkets.com