Increased infrastructural development, increased need for better treatments along with the dire need of reducing time intervals is driving the Global Clinical Workflow Solutions Market.
Covid-19 Impact & Market Status
The Clinical Workflow Solutions Market size increased immensely due to the advent of Covid-19. This is because of the massive uptrend in the demand for services, rooms, oxygen cylinders, general surgery and a huge increase in all health-related things. Increased digitization was needed so as to increase productivity and efficiency. The times were really tough and people were panicking all around which is why these solutions were adopted as fast as the hospitals could. A lot of people had to wait for surgeries and this meant that the processes need to be more efficient so that more and more patients could be treated as early as possible.
This report discusses the changes that Global Clinical Workflow Solutions Market has witnessed in its structure during the last few years and especially after the Covid-19 pandemic. It studies the scope of the Global Clinical Workflow Solutions Market in the next five years and consumption & production demand of the Global Clinical Workflow Solutions Market. The report studies the exports scenario and evaluates the import of the Global Clinical Workflow Solutions Market along with highlighting the leading exporters and the countries that do more imports.
The Data Integration Solutions to Emerge as the Most Lucrative Segment
Based on type, the Data Integration Solutions contributed to the highest market share, accounting for almost 26% of the global Clinical Workflow Solutions. This is because of the benefits offered by these software solutions. It helps in streamlining patient’s records by enabling seamless communication and also removes any sort of complex processes associated with the whole system. It is further supported by implementation of government incentives and penalties. This is the reason because of which the Data Integration Solutions segment is the most lucrative in the type segment of Clinical Workflow Solutions Market.
Hospitals to Ensure Highest Sales
Hospitals, in the end user segment have dominated the market in 2020 and it is because of the fact that the hospitals have huge need of maintaining and managing database by streamlining and integrating those records. Hospitals have the capital to buy and maintain these integrated Clinical workflow solutions and experienced people who know the technical of the systems. Additionally, rising demand for workflow and the trend for connected hospitals are expected to drive the segment over the forecast period. Hospitals tend to include these because there is usually a high-tension environment and to streamline things, reduce complexity and make the process efficient, Clinical workflow solutions are adopted.
North American Region to Render Ample Investment Avenues
North America is the largest contributor to the growth of global Clinical Workflow Solutions Market. It had a market share of 45% in 2020. This is because there is huge need of maintain large volumes of database and integrating them so that the processes execute efficiently. Presence of established players, appropriate funding and advanced technology are some more factors due to which North America comes at top.
The Asia Pacific region is also expected to have a great CAGR owing to the huge population and increasing technological advancements in that region.
The increasing complexities in documentation of hospital processes and operations increasing the need to reduce it is driving the growth of the Global Clinical Workflow Solutions Market.
Owing to the highly tensed environment in the hospitals and the clinics, it is super necessary to keep everything else simple so that the treatment can be performed without distractions. Increasing amount of data and documentation made the situation more complex and also reduced concentration of the staff, hence a system which would integrate all the data of patient and streamline it was needed, which, in turn, resulted into the growth of Global Clinical Workflow Solutions Market.
The market size of Global Clinical Workflow Solutions Market is estimated to reach close to 19.5 billion by 2028 with an annualized growth rate of 12.5% in the forecast period, 2021-2028.
The healthcare system has largely moved to the electronic dependency stage because of the amount of data and the complex functions taking place throughout the day in a hospital. Ensuring adequate clinical workflows is super necessary in today’s environment because there in an increased need to integrate and streamline patient’s database and reports.
The rise in the adoption of technology and growth in digitization among hospitals to improve efficiency and reduce the complexities is furthering the Global Clinical Workflow Solutions Market development.
The advantages such as efficient remote monitoring of patients, maximized efficiency, minimized manpower, less surgical time procedure, and managed patient surgical records encourage further adoption of Clinical Workflow Solutions.
The clinical workflow solutions offer functionalities such as improved care quality, care coordination and overall patient satisfaction and reducing the rate of medical errors.
Improvements in Information technology are playing an important role in the development of Global Clinical Workflow Solutions Market. Information technology providing services like better broadband and network is anticipated to be growth opportunity to the Global Clinical Workflow Solutions Market.
However, lack of qualified resources is a major hurdle to implementing IT system installation in hospitals. High initial investment is also one of the reasons which is hampering the Global Clinical Workflow Solutions Market growth. Nevertheless, Clinical Workflow Solutions Market has the growth prospects, because of the increasing demand of highly efficient systems to reduce complexities in different industries.
The major players in Global Clinical Workflow Solutions Market are Connexall, Sonitor Technologies, Azure Healthcare Limited, Getinge Group, NextGen Healthcare, AMETEK, athenahealth, Change Healthcare, Capsule Technologies, Vocera Communications, Spok, Allscripts, Infor, Epic Systems, GE Healthcare, Stanley Black & Decker, Cisco, Cerner, Koninklijke Philips, Ascom, and Hill-Rom among others.
Latest Innovations in the Global Clinical Workflow Solutions Market: A Snapshot
- Capsa’s purchase of Humanscale Healthcare is the company’s seventh major brand acquisition in the last 11 years. With 50+ years of product innovation experience, Capsa has grown gradually through a combination of internal development and acquisition of complementary product brands and technology platforms
- Five Sigma Partners with Medlogix to Deliver Seamless Medical Claims Management.
Clinical Workflow Solutions Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 19.5 billion|
|Growth Rate||CAGR of 12.5% during 2021-2028|
|Segment Covered||End User, Type, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Connexall, Sonitor Technologies, Azure Healthcare Limited, Getinge Group, NextGen Healthcare, AMETEK, athenahealth, Change Healthcare, Capsule Technologies, Vocera Communications, Spok, Allscripts, Infor, Epic Systems, GE Healthcare, Stanley Black & Decker, Cisco, Cerner, Koninklijke Philips, Ascom, and Hill-Rom among others.|
Key Segments of the Clinical Workflow Solutions Market
Type Overview, 2018-2028 (USD Billion)
- Data Integration Solutions
- Real-time Communication Solutions
- Workflow Automation Solutions
- Care Collaboration Solutions
- Enterprise Reporting
- Analytics Solutions
End User Overview, 2018-2028 (USD Billion)
- Health-care facilities
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa