The global clinical workflow solutions market is projected to reach USD 18.18 billion by 2025 from USD 9.10 billion in 2020, at a CAGR of 14.8% during the forecast period.
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. However, factors such as the requirement of high investments in IT infrastructure and interoperability issues are expected to restrain the growth of this market to a certain extent during the forecast period.
The enterprise reporting & analytics solutions segment to grow at the highest rate during the forecast period.
On the basis of 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 enterprise reporting & analytics solutions segment is projected to witness the highest growth in the clinical workflow solutions market during the forecast period. Growth in this segment is largely driven by government initiatives to increase EHR adoption, growing pressure to curb healthcare costs and, increasing venture capital investments.
Need to manage regulatory compliance and favorable government initiatives are driving market growth for EMR integration solutions.
On the basis of products, the data integration solutions segment is further sub-segmented into EMR integration solutions and Medical image integration solutions. The EMR integration solutions segment is projected to witness the highest growth in the data integration market during the forecast period. The increasing volume of medical records, which requires proper management and storage, the need for a secure electronic patient record compliant and the demand for streamlined clinical and administrative processes with content-centric automation are accelerating the growth of this segment during the forecast period.
Latin America region is likely to be a revenue pocket for players operating in the clinical workflow solutions market
Even though North America is expected to account for the largest share of the global clinical workflow solutions market in 2018, Latin America is expected to witness the highest CAGR during the forecast period. The increasing government initiatives for eHealth, subsequent improvements in the healthcare infrastructure in emerging LATAM countries, rising medical tourism, and growing demand for quality healthcare are factors driving the growth of this regional segment. Key Topics Covered:
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 188.8.131.52 Advantages of Clinical Workflow Solutions in Enhancing Patient Care and Safety 184.108.40.206 Government Initiatives for HCIT Adoption 220.127.116.11 Growing Adoption of Ehrs and Other HCIT Solutions 18.104.22.168 Increasing Patient Volume Due to the Rising Prevalence of Chronic Diseases and Covid-19 22.214.171.124 Rising Need to Curtail Healthcare Costs 5.2.2 Restraints 126.96.36.199 Requirement of High Initial Investments in IT Infrastructure 188.8.131.52 Interoperability Issues 5.2.3 Opportunities 184.108.40.206 Emerging Markets 220.127.116.11 Low Doctor-To-Patient Ratio Leading to Increased Dependency on Healthcare IT Solutions 18.104.22.168 Growing Telehealth and Remote Patient Monitoring Markets 5.2.4 Challenges 22.214.171.124 Issues Related to Data Security 126.96.36.199 Lack of Trained Healthcare IT Professionals 188.8.131.52 Reluctance to Use Clinical Workflow Solutions Over Conventional Practices 6 Industry Insights 6.1 Value Chain Analysis 6.1.1 Electronic Equipment and Components 6.1.2 Connectivity Technologies 6.1.3 Hardware and Software 6.1.4 System Integration and Services 6.1.5 Application/Use Cases 6.2 Industry Trends 6.2.1 Increasing Adoption of Integrated Systems to Reduce Healthcare Costs and Improve Care Quality 6.2.2 Increasing Preference for Cloud-Based Solutions 6.2.3 Artificial Intelligence and Predictive Analytics 6.2.4 Impact of Covid-19 on the Clinical Workflow Solutions Market 6.3 HCIT Expenditure Analysis 6.3.1 North America 6.3.2 Europe 6.3.3 Asia-Pacific 6.4 HCIT Adoption Trends in the Us 7 Clinical Workflow Solutions Market, by Type 7.1 Introduction 7.2 Data Integration Solutions 7.2.1 Emr Integration Solutions 184.108.40.206 Adoption of Solutions Has Grown Due to the Covid-19 Pandemic 7.2.2 Medical Image Integration Solutions 220.127.116.11 Use of Medical Image Integration Solutions is Expected to Provide Evidence-Based Patient Care and Reduce Overall Costs 7.3 Real-Time Communication Solutions 7.3.1 Nurse Call Alert Systems 18.104.22.168 Nurse Call Alert-As-A-Service Model Eliminates the Capital Expenditure Associated With Integrating These Solutions 7.3.2 Unified Communication Solutions 22.214.171.124 Upload of Highly Sensitive Patient Information to the Cloud is Posing Challenges to the Adoption of Ucaas 7.4 Workflow Automation Solutions 7.4.1 Patient Flow Management Solutions 126.96.36.199 Use of Hybrid Rtls Technology is Expected to Aid in Better Patient Flow Management 7.4.2 Nursing & Staff Scheduling Solutions 188.8.131.52 Use of Predictive Analytics in Nurse & Staff Scheduling is Growing at a Rapid Rate 7.5 Care Collaboration Solutions 7.5.1 Medication Administration Solutions 184.108.40.206 Up to Two-Thirds of All Prescription Medications Recorded Have One or More Errors 7.5.2 Perinatal Care Management Solutions 220.127.116.11 Favorable Support for Perinatal Care Management Will Drive Market Growth 7.5.3 Rounding Solutions 18.104.22.168 the Emergence of Remote Rounding Tools for Covid-19 Patients is Creating Opportunities for Players 7.5.4 Other Care Collaboration Solutions 7.6 Enterprise Reporting & Analytics Solutions 7.6.1 Care Teams Can Utilize Information from These Tools in Resource Allocation and Planning During Covid-19 8 Clinical Workflow Solutions Market, by End-user 8.1 Introduction 8.2 Hospitals 8.2.1 Large Patient Pool Due to the Covid-19 Outbreak is Driving the Adoption of Clinical Workflow Solutions in Hospitals 8.3 Long-Term Care Facilities 8.3.1 Growing Geriatric Population to Support the Growth of This End-User Segment 8.4 Ambulatory Care Centers 8.4.1 Need to Reduce the Increasing Healthcare Costs is Supporting the Growth of this Segment
9 Clinical Workflow Solutions Market, by Region 9.1 Introduction 9.2 North America 9.3 Europe 9.4 Asia-Pacific 9.5 Latin America 9.6 Middle East & Africa 10 Competitive Landscape 10.1 Overview 10.2 Market Evaluation Framework 10.3 Competitive Situation and Trends 10.3.1 Product Launches & Enhancements 10.3.2 Expansions 10.3.3 Acquisitions 10.3.4 Agreements, Partnerships, and Collaborations 11 Company Evaluation Matrix and Company Profiles 11.1 Company Evaluation Matrix Definition & Methodology 11.2 Competitive Leadership Mapping 11.2.1 Stars 11.2.2 Emerging Leaders 11.2.3 Pervasive 11.2.4 Emerging Companies 11.3 Market Share Analysis 11.3.1 Nurse Call Alert Systems Market 11.4 Company Profiles 11.4.1 Hill-Rom Holdings, Inc. 11.4.2 Ascom Holding AG 11.4.3 Epic Systems Corporation 11.4.4 Cerner Corporation 11.4.5 GE Healthcare 11.4.6 Koninklijke Philips N.V. 11.4.7 Cisco Systems, Inc. 11.4.8 Stanley Black & Decker, Inc. 11.4.9 Infor, Inc. 11.4.10 Rauland-Borg Corporation 11.4.11 Allscripts Healthcare Solutions, Inc. 11.4.12 Change Healthcare 11.4.13 Getinge Group 11.4.14 Azure Healthcare Limited 11.4.15 Nextgen Healthcare 11.4.16 Capsule Technologies, Inc. 11.4.17 Vocera Communications, Inc. 11.4.18 Spok, Inc. 11.4.19 Athenahealth 11.4.20 Connexall 11.4.21 Sonitor Technologies, Inc. 12 Appendix
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