Clinical Workflow Solutions Market to Generate a Valuation of US$ 41.7 Billion by 2032 Due to the Rising Need for Hospitals to Adopting Frameworks Driven by Technology

The global clinical workflow solutions market is anticipated to register opulent growth opportunities over the forecast period by accounting for a CAGR of 16.7% from 2022 to 2032. The global market was estimated to be worth US$ 9 Billion in 2022 and is expected to rise to US$ 41.7 Billion by 2032. According to the historic analysis, the global clinical workflow solutions market was roughly valued at US$ 5.1 Billion in 2015.

The growth of the market is driven by rising demand for the good care that includes an aging population, limited resources, budgetary restraints, and a lack of standard clinical SOPs and treatment regimens. As a result, hospitals are more openly embracing technology-driven frameworks. Due to the rising emphasis on patient-centric services, the clinical workflow solutions market is anticipated to grow profitably over the evaluation period.

The primary factors influencing the global demands for the clinical workflow solutions market comprise an aging population, a lack of standard clinical SOPs and treatment plans, a lack of resources, budgetary constraints, and a demand for good care. This has resulted in hospitals readily adopting frameworks that are driven by technology. 

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Compelling Market Trends

Key market participants are striving to boost their exposure by offering clinical workflow software. A significant rise in collaborations between workflow service providers and hospitals has been witnessed over the forecast period.

The augmenting adoption of EHR systems by various government agencies is expected to increase further demand for clinical workflow management technologies. The importance of healthcare companies has been elevated due to growing technologies in the sector, seeking more efficient, appealing, and effective ways that allow greater access to better outcomes.

The growth of the clinical workflow solutions market has enabled the transmission of health data in real-time for persistent monitoring, resulting in more informed care choices and better outcomes. These benefits of clinical workflow solutions have led to their increased demand in the recent past.

Growth Drivers

The logical workflow employs numerous functionalities to make care more clinically sound by improving care coordination and patient care and reducing adverse drug events (ADEs). These functions are likely to expand over the long term.

Clinically, sound care is offered through the usage of functions that enhance care coordination, patient care, and the reduction of adverse drug events (ADEs). In the long run, these functions are probably going to get bigger.

Owing to the surging investments from developing economies, the Asia Pacific market is expected to propel at a faster growth rate. Furthermore, the demand for healthcare information technology solutions in the medical industry has significantly increased.

The development of eHealth, improved healthcare infrastructure, rising medical tourism, and high demand for high-quality healthcare are driving factors in the regional clinical workflow solutions market.

Restraints

In response to poor interoperability, various hospitals often design or license interfaces for the smooth importing and exporting of data from both internal and external sources such as hospitals’ EHR, labs, admit/discharge/transfer, medical devices, and outside laboratories. Therefore, a single hospital is likely to only need a few dozen interfaces, but a massive healthcare system with several sites may require hundreds or even thousands of connections. 

Hospitals are focusing on adopting health information exchanges that present numerous concerns including a financial burden as well as technical obstacles in creation and operation. This is a key challenge restricting demand for clinical workflow solutions. The scarcity of trained personnel is a key impediment to establishing IT systems in hospitals.

Competitive Landscape

The global clinical workflow solutions market is fragmented and intensely competitive for key players. In order to restrain their positions, prominent market actors are focusing on the quality of their solutions.

Leading players operating in the market are Allscripts Healthcare Solutions, Inc., Cerner Corporation, NXGN Management LLC; McKesson Corporation, Koninklijke Philips N.V.; Hill-Rom Services, Inc., Cisco, General Electric, Stanley Healthcare, Vocera Communications, ASCOM, Atenahealth Inc.

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Recent Developments

In September 2020, ePlus Inc. recently announced its cooperation with Mobile Heartbeat to deliver MH-CURE to healthcare administrations aiming to enhance clinical processes and patient care. MH-CURE is a Unified Clinical Communication platform.

Valuable Insights into the Clinical Workflow Solutions Market

The North American region is anticipated to dominate the global market over the evaluation period. In 2021, the region accounted for over 40% of the total market share. The growth of the region is attributed to the increasing research and development activities.

Key Segments Covered in Clinical Workflow Solutions Industry Survey

By Type:

• Data Integration Solutions
• EMR Integration Solutions
• Medical Image Integration Solutions
• Real-time Communication Solutions
• Nurse Call Alert Systems
• Unified Communication Solutions
• Clinical Workflow Automation Solutions
• Patient Flow Management Solutions
• Nursing & Staff Scheduling Solutions
• Care Collaboration Solutions
• Medication Administration Solutions
• Perinatal Care Management Solutions
• Rounding Solutions

By End-use Application:

• Hospitals
• Long-term Care Facilities
• Ambulatory Care Centers

By Region:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

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 Table of Content 

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

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