The global Clinical Workflow Solutions Market size is estimated to reach USD 15.2 billion by 2026, expanding at a CAGR of 12.3%, according to a new report by Grand View Research, Inc. Increasing volume of patient health information due to rising prevalence of chronic conditions and high demand for better quality care by patients is expected to fuel adoption of workflow software and services in healthcare settings. Rising awareness amongst caregivers and patients pertinent to the benefits of integrated services and interest for reliable technology for efficient decision-making is anticipated to fuel adoption.
The
interoperability and compatibility of the systems with different platforms due
to their robust technology has enhanced the growth prospects for the market.
Collaborative efforts by software developers along with the researchers to make
healthcare information available to users are projected to contribute towards
lucrative market growth over the forecast period. Furthermore, strategic
initiatives intended by the industry participants for developing end to end
services is expected to boost the competition in the market.
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Details of Report @
https://www.grandviewresearch.com/industry-analysis/clinical-workflow-solutions-market
Further key findings from the study suggest:
- The data
integration segment held the largest share of clinical workflow solution
market revenue in 2018 owing to rapid adoption by hospitals and healthcare
facilities
- The care
collaboration service segment is poised with lucrative growth due to rapid
adoption by caregivers. Integration with EHR provides a complete overview
of the patient’s medical condition, thereby help decide a course of action
for treatment
- The hospital
segment commanded the largest revenue share as of 2018. This high share
can be attributed to, supportive government policies, a rise in awareness,
and an increase in a number of training programs for implementation of
technology
- Owing to the
presence of major players and technologically advances healthcare
infrastructure, North America dominated the clinical workflow management
system market in 2018
- However,
Asia Pacific is projected to witness the lucrative growth in the coming
years owing to supportive government initiatives to adopt eHealth services
by hospitals
- Key players
operating in market include Allscripts, NextGen Healthcare, McKesson
Corporation, Athenahealth, Cerner Corporation, and Koninklijke Philips
N.V.
- Market
participants are engaged in collaborative agreements with hospitals and
healthcare groups to implement clinical workflow management systems and
EHR services
- Moreover,
focus on developing an integrated software solution to avoid wrong
medication and to improve the quality of care is expected to fuel the
adoption in coming years.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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