DUBLIN--(BUSINESS WIRE)--The "Clinical Workflow Solutions Market by Product (Data Integration, EMR Integration, Nurse Call Systems, Unified Communications, Care Solutions, Patient Flow Management, Enterprise Solutions), End Users, and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The clinical workflow solutions market is expected to reach USD 12.1 billion by 2023 from an estimated USD 6.8 billion in 2018, at a CAGR of 12.4%.
Rising need to curtail healthcare costs and the increasing patient volume due to the rising prevalence of chronic diseases are the primary growth drivers for this market.
Low doctor-to-patient ratio leading to increased dependency on healthcare IT solutions and the emerging markets are expected to offer significant growth opportunities for players in this market.
However, Lack of trained healthcare IT professionals and reluctance to use clinical workflow solutions over conventional practices are some of the major market challenges.
Key Highlights
- The enterprise reporting & analytics solutions segment to grow at the highest rate during the forecast period
- Need to manage regulatory compliance and favorable government initiatives are driving market growth for EMR integration solutions
- Latin America region is likely to be a revenue pocket for players operating in the clinical workflow solutions market
Market Dynamics
Drivers
- Advantages of Clinical Workflow Solutions in Enhancing Patient Care and Safety
- Government Initiatives for HCIT Adoption
- Increasing Patient Volume Due to the Rising Prevalence of Chronic Diseases
- Rising Need to Curtail Healthcare Costs
Restraints
- Requirement of High Initial Investments in IT Infrastructure
- Interoperability Issues
Opportunities
- Emerging Markets
- Low Doctor-To-Patient Ratio Leading to Increased Dependency on Healthcare IT Solutions
Challenges
- Issues Related to Data Security
- Lack of Trained Healthcare IT Professionals
- Reluctance to Use Clinical Workflow Solutions Over Conventional Practices
Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Clinical Workflow Solutions Market, By Type
8 Clinical Workflow Solutions Market, By End-user
9 Clinical Workflow Solutions Market, By Region
10 Competitive Landscape
11 Company Profiles
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Allscripts Healthcare Solutions
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Ascom Holding
- Cerner Corporation
- Cisco Systems
- GE Healthcare
- Hill-Rom Holdings
- Infor
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Koninklijke Philips
- McKesson Corporation (Change Healthcare)
- Stanley Black & Decker
For more information about this report visit https://www.researchandmarkets.com/research/6nhjj3/worldwide?w=4
