The global clinical workflow solution market value is expected to rise from USD 10,352.1 million in 2023 to USD 49,056.3 million by 2033. This estimated growth is expected to be driven by a remarkable CAGR of 16.8% in the global clinical workflow solution market over the next decade.
The running trend of digitization is propelling the adoption of clinical workflow solutions in healthcare institutes. Thus, in medical settings, there is an upsurge in the integration of these solutions for increased access to patient’s clinical as well as administrative data, and reduced paperwork requirements. Caregiver’s demand for better clinician efficiency and patient-centric care delivery are propelling the sales of clinical workflow solutions.
Surging research and development activities for advancements in these solutions, along with soaring patient admission in hospitals, are generating immense amounts of patient data. Thus, fueling investments in these solutions. The rising shortage of healthcare IT professionals in developed as well as developing economies is creating a conducive environment for the clinical workflow solution market.
Key players are eyeing developing economies as their target markets for clinical workflow solutions. Due to the increasing patient base seeking healthcare services, key players are heavily investing in regions like Asia Pacific.
Key Takeaways from the Clinical Workflow Solution Market Report
- The United States market is predicted to expand at a CAGR of 8.1%, whereas Canada is expected to exhibit a CAGR of 5.4% through 2033.
- Within Europe, the United Kingdom and Spain are the promising clinical workflow solution market, registering CAGRs of 7.4% and 7.2%, correspondingly, through 2033.
- In Asia Pacific, China, India, Japan, and South Korea are predicted to record robust CAGRs of 22.5%, 20.5%, 17.5%, and 14.3%, respectively, through 2033.
- Based on end use, the hospital segment is estimated to account for 42.2% in 2023.
- Data integration solutions are anticipated to hold a 27.4% share in the global market in 2023.
Leading players in the Clinical Workflow Solution Market are
- Allscripts Healthcare Solution, 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.
Key Developments by Clinical Workflow Solution Market Players
- Relatient, in September 2022, developed Dash Chat, which is an interactive chat solution that facilitates a streamlined 2-way contact between patients and employees directly from the provider group’s website. This technology allows employees and doctors to swiftly respond to routine patient inquiries meanwhile curtailing call volume and boosting overall patient satisfaction by offering constant access to care.
- In August 2022, Indonesia introduced SATUSEHAT, a healthcare data integration platform as it exerts toward digital transformation. This platform is aimed at facilitating the execution of other Indonesian health system transformation pillars like health financing systems transformation, referral services transformation, human resource transformation, primary services transformation, and health resilience systems transformation in the healthcare sector.
- In January 2022, Wolters Kluwer, officially disclosed the debut of Ovid® Synthesis, which is a new suite of applications to bolster the highly efficient evidence-based workflows in the healthcare settings that supplement Ovid’s premium medical content. The solution, in its entirety, boosts research activity, thus supporting evidence-based practice.