Clinical Workflow Solutions Market: Rise In Prevalence Of Chronic Conditions And Demand For Better Patient Quality Care

Industry : Healthcare IT    

The global clinical workflow solutions market is poised to register significant growth over the forecast period. Aging populations, diminishing resources, budget restraint, and lack of standard devised clinical SOPs & treatment regimens are some of the key factors that have fueled demand for quality care. In order to fulfill this, hospitals are more openly migrating to technology-driven frameworks.

Based on application the clinical workflow solutions market is segmented into real time communication solutions, care collaboration solutions, data integration solutions, workflow automation solutions, , and enterprise reporting & analytics solutions. Data integration systems are highly preferred by healthcare providers, owing to the increased data volumes and the need for integration to curb rising costs. Caregivers are looking for an integrated system that enables users to access patient information across the complete continuum of care.

On the basis of mode of end use, the clinical workflow solutions market is divided in to hospitals, long term care facilities and ambulatory care facilities. According to the Healthcare Information and Management Systems Society (HIMSS) in 2019, more than 60% of the hospitals have adopted EHR technology and the West Health Institute (WHI), adoption of interoperability solutions can result in a significant reduction in health spending in the U.S. Moreover, rising demand for streamlined workflow, the ongoing trend for connected hospitals is expected to drive the segment growth over the forecast period

North America held the largest market share for clinical workflow management systems. Key drivers attributing to this growth are increasing number of R&D activities and patient admission in the hospitals leading to high volume of data generated. Moreover, rising government initiatives regarding effective usage of interoperability, EHR and other solutions, focus on patient care and healthcare spending on digitization for secure data exchange within organizations, provides the market with the largest revenue contribution.

The companies that dominate the global clinical workflow management systems market share include McKesson Corporation, Hill-Rom Holdings, Inc., NextGen Healthcare Information Systems, Cisco, AthenaHealth, Philips Healthcare, Cerner Corporation, GE Healthcare Allscripts, and Koninklijke Philips N.V. Leading healthcare providers and hospitals have renewed or entered into licensing deals with the IT solutions providers to use their products available in the market which is anticipated to enhance the market.

key  In-depth report on global clinical workflow solutions market by Grand View Research:

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