Global Clinical Workflow Solutions Market Size, Share, Growth Analysis, By Type(Data Integration solutions, Real Time Communication solution), By End Use(Hospitals, Long-term care facilities) - Industry Forecast 2022-2028

Global clinical workflow solutions market is segmented based on type, end use, and region. On the basis of type, it is segmented as data integration solutions (EMR integration solution, medical image integration solution), real time communication solution( nurse call alert systems, unified communication solutions), workflow automation solution(patient flow management solution, nursing and staff scheduling solution), care collaboration solutions(medical administration solutions, perinatal care management solution, rounding solution and other care collaboration solution), enterprise reporting and analytics solution. On the basis of end use, it is segmented into hospitals, long term care facilities, and ambulatory care centers. Based on region, it is segmented into North America, Europe, Asia Pacific, Middle East and Africa, Latin America.

Analysis by Type

The data integration solution segment dominated the market with a revenue share of over 26.0% in 2021. Data integration systems are highly preferred by healthcare providers owing to the increased data volumes and the need for integration to curb rising costs. Caregivers are looking for an integrated system that enables users to access patient information across the complete continuum of care. Factors such as the increased adoption of electronic medical records, interoperability solutions, regulatory reforms and requirements, and shifting of focus towards value-based services are propelling the segment growth.

Analysis by End Use

The hospital segment dominated the market with a revenue share of over 45.0% in 2021 owing to the applicability, rising number of healthcare facilities, and associated data that needs proper management along with privacy. In addition, government initiatives to support the healthcare sector and simplify the complexity of a large amount of data in hospitals are further expected to drive the market.

North America dominated the market with over 40.7% share in 2021. Factors such as increasing R&D activities and patient admission in the hospitals leading to the generation of high volume of data and increasing government initiatives regarding the effective usage of interoperability, EHR, and other solutions are contributing to the market growth in the region. In addition, increasing focus on patient care and rising healthcare spending on digitization for secure exchange of data within organizations are driving the regional market.

Asia Pacific is expected to exhibit the fastest CAGR of 14% over the forecast period owing to the increasing investments from emerging economies. There is a significant increase in demand for healthcare information technology solutions in the medical sector. Supportive government initiatives for the implementation of eHealth, improving healthcare infrastructure, increasing medical tourism, and high demand for quality healthcare are the key factors driving the regional market.

Driver

Clinical workflow solutions mainly focus on enhancing patient care and safety. Clinical workflow solutions have become increasingly meaningful to healthcare organizations seeking more seamless, attractive, and impactful ways to improve patient outcomes and safety. This is because these solutions enable the flow of real-time health data for constant monitoring resulting in more informed care decisions and improved outcomes. The clinical workflow solutions offer functionalities to help improve care quality, care coordination, and overall patient satisfaction while reducing the rate of medication errors and adverse drug events, their adoption is expected to increase in the coming years.

Restraint

Organizations should use modern clinical workflow solutions in data management and business management these days to gather and integrate huge amounts of data from multiple internal and external data sources to gain significant business insights. However, lack of knowledge and skills within the workforce prevents them from embracing clinical workflow solutions.

Thus, a single hospital may employ a few dozen interfaces, while a large health system with many sites may have to employ hundreds or even thousands of interfaces. Also, health information exchanges employed by hospitals as a solution to interoperability pose several challenges, which include financial burden as well as technical difficulties in building and operation. As a result, the lack of expertise is hampering the growth of clinical workflow solutions market during the forecast period.

Global clinical workflow solutions market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to clinical workflow solutions market.

Some of the major players operating in the clinical workflow solutions market are Hill-Rom Services Inc., Ascom, Koninklijke Philips N.V., Cisco Systems Inc., STANLEY Healthcare, Cerner Corporation., Allscripts Healthcare, LLC, McKesson Corporation, Athenahealth, Vocera Communications., NXGN Management, LLC, Voalte, Azure Healthcare, 3M, Capsule Technologies Inc., General Electric Company, Epic Systems Corporation, Cognizant, IBM, Siemens and NXGN Management, LLC., among others

Top Players in the Global Clinical Workflow Solutions Market

• Allscripts Healthcare Solutions, Inc.
• Cerner Corporation
• NXGN Management, LLC
• McKesson Corporation
• Koninklijke Philips N.V.
• Hill-Rom Services Inc.
• Cisco
• General Electric
• Stanly Healthcare
• Vocera Communications
• ASCOM
• Athenahealth, Inc.

Recent Developments

• In January 2020, Infor entered into an agreement to acquire Intelligent InSite’s Inc. This acquisition enabled Infor to offer an expanded suite of technology for healthcare organizations.
• In May 2020, Stanley healthcare collaborated with CISCO. Under this collaboration, STANLEY Healthcare’s Aero Scout Real-time Location System (RTLS) platform has been fully integrated with Cisco DNA Spaces. This collaboration enables STANLEY Healthcare to deliver a more seamless and cost-effective solution to healthcare providers who rely on RTLS as a core part of their operations.
• In April 2020, GE healthcare launched software solutions, virtual care solutions.
• In November 2019, Getinge opened its Experience Center in Tokyo, Japan.
• In April 2020, Capsule technologies acquired Bernoulli. Under this acquisition, Bernoulli’s Clinical Surveillance solution will be integrated with Capsule Technologies’ Medical Device Integration platform. This acquisition further strengthened Capsule Technologies’ connectivity capabilities.
• September 2020, ePlusinc partnered with Mobile Heartbeat to provide MH-CURE to healthcare administrations seeking to augment clinical workflows and patient care. MH-CURE is a Unified Clinical Communication platform.

Health care businesses seeking more attractive, smooth, and impactful ways to improve patient outcomes and safety are increasingly turning to clinical workflow solutions. This is due to the fact that these solutions allow for the continuous flow of real-time health data, resulting in better-informed care decisions and results. Clinical workflow solutions provide characteristics that can help enhance care quality, care coordination, and overall patient happiness while also lowering the risk of medication errors and adverse drug events, and their usage is projected to rise in the future years.

Hospitals and medical centers are in the process of integrating workflows of repetitive documentation, administrative & medical staff management as well as easy access to the patient’s administrative and clinical data in all the departments. Furthermore, multi modal hospitals require sharing of data with their branch offices, in order of this usage of interoperable quality solutions are raising. An increase in demand for patient-centered care delivery and improved clinician productivity from caregivers has prominently bolstered the demand for clinical workflow systems.

The significance of clinical workflow management system has been recognized across numerous entities including private and public sectors. In addition, clinical centers are undertaking initiatives for stimulating the integration and installation of Electronic Health Record (EHR) and clinical decision support solution. This, in turn, anticipated to positively impact the market for clinical workflow solutions by inspiring hospitals to implement these services.

Sky Quest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, shift from volume-based to value-based care is a key trend which has cemented the role of clinical workflow solutions in patient-centered care. Advancements in current- generation EHR systems are propelling the prospects of the clinical workflow solutions market. The multifaceted nature of EHR system has led to advancement in software systems.