Global Patient Referral Management Software Market

Patient Referral Management Software Market Size, Share, Growth Analysis, By Deployment(Cloud & Web-based, On-premises), By Type(Inbound, Outbound.), By Component(Software and servicesSegmentEnd userSub-Segmentsproviders and payers), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45E2087 | Region: Global | Published Date: February, 2024
Pages: 244 |Tables: 86 |Figures: 76

Patient Referral Management Software Market Insights

Patient Referral Management Software Market size was valued at USD 6.98 billion in 2019 and is poised to grow from USD 8.21 billion in 2023 to USD 30.03 billion by 2031, growing at a CAGR of 17.6% in the forecast period (2024-2031).

Patient Referral Management Softwares are becoming popular since they enable greater convenience for healthcare providers, payers and most importantly, patients.All the patient referral management software empowers health system to manage their end to end referral cycle with extensive visibility and thus enabling the providers to streamline the process, reduce medical error delays and get analytical insights for informed decision making.

Reduction in referral processing time, increase in the number of referral loop closures, Increase in the efficiency of referral coordinators, reduce manpower in operational expenses,reduction in incomplete and inappropriate referrals,reduction in patient referral leakage Are the various applications provided by patient referral management software all across the globe.Along with reduction in referral leakage, many referral management software provides patient communication, scheduling E consults and CRM.Many referral management software automatically prioritize specialty providers based on accepted insurance provider affiliation, average wait time, distance from patient, and other metrics in order to accurately match patient and provider.

US Patient Referral Management Software Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 6.98 billion

Largest Segment

Cloud & Web-based

Fastest Growth

Cloud & Web-based

Growth Rate

17.6% CAGR

Global Patient Referral Management Software Market ($ Bn)
Country Share for North America Region (%)

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Patient Referral Management Software Market Segmental Analysis

Global Patient Referral Management Software market is segmented on the basis of deployment, component,type,end user and region. By deployment, the market is segmented into Cloud & Web-based, On-premise. By type, the market is segmented into Inbound, Outbound. By component the market is segmented into Software and services.By end user the market is segmented into providers and payers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Global Patient Referral Management Software Market By Deployment, 2023 (%)

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Patient Referral Management Software Market Regional Insights

Globally, North America is estimated to hold the highest global Patient Referral Management Software market share .

Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing Rising demand for quality care at affordable cost, rising geriatric population, and subsequent increase in the prevalence of various chronic disease.Increase in the number of patients that have resulted in increased demand for platform ensuring end to end patient care to ensure complete recovery will feel the growth of referral management market in Asia Pacific region.

Global Patient Referral Management Software Market By Region, 2024-2031
  • Largest
  • Fastest

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Patient Referral Management Software Market Dynamics

Patient Referral Management Software Market Drivers

Increasing Government Initiatives and New product launches are boosting the Patient Referral Management Software market

  • To meet the consumer demand and to strengthen their position in the market, various companies are introducing new products and innovations which will fuel the patient referral management system market in future years. Several new innovations in the market provide dual front desks that allows patients and staff to check in without touching anything. It is used for direct online checkin and forms that aid in communicating when a patient should enter the facility. Along with these applications, governments all around the world are trying to integrate IT solutions into healthcare systems to create the error free healthcare system along with much convenience.

Patient Referral Management Software Market Restraints

Critical methods of security & Scarcity of IT technicians can slow down and hinder the market growth

  • Lack of skilled technicians as well as data security is creating reluctance in user to adopt to healthcare IT solution which will pose significant restraint to the growth of this market. There are many software all across the globe that cannot maintain outpatient attendance .These inconvenience and incapability of software will surely hinder the growth of market.

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Patient Referral Management Software Market Competitive Landscape

Competition in the global Patient Referral Management Software market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of softwares compatible with Patient Referral Management Software will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.

Patient Referral Management Software Market Top Player’s Company Profiles

  • Kareo
  • Allscripts Healthcare Solutions, Inc.
  • Cerner Corporation
  • Epic Systems Corporation
  • Greenway Health, LLC
  • NextGen Healthcare, Inc.
  • Athenahealth, Inc.
  • Eceptionist
  • eClinicalWorks LLC
  • The Advisory Board Company
  • CureMD
  • Salesforce.com, Inc.
  • Medscape Consult
  • Chiron Health
  • PatientPop, Inc.
  • Clinicient, Inc.
  • MyPractice24
  • CipherHealth
  • McKesson Corporation
  • IBM Corporation

Patient Referral Management Software Key Market Trends

  • Integrating IT with healthcare systems is one of the major factors developing a trend of cloud based service.As cloud based service poses numerous advantage such as the data can be accessed from anywhere at any place,These services are increasing in patient referral management system day by day.

Patient Referral Management Software Market SkyQuest Analysis

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

According to our global Patient Referral Management Software market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such asAccess of data from any place,Low hardware investment along with extreme capacity flexibility. Patient Referral Management Softwares will enable healthcare facilities to be more convenient for their users. The market has so much potential for new players also because of the high expected rate of growth and demand.

Report Metric Details
Market size value in 2023 USD 6.98 billion
Market size value in 2031 USD 30.03 billion
Growth Rate 17.6%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Deployment
    • Cloud & Web-based, On-premises
  • Type
    • Inbound, Outbound.
  • Component
    • Software and servicesSegmentEnd userSub-Segmentsproviders and payers
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Kareo
  • Allscripts Healthcare Solutions, Inc.
  • Cerner Corporation
  • Epic Systems Corporation
  • Greenway Health, LLC
  • NextGen Healthcare, Inc.
  • Athenahealth, Inc.
  • Eceptionist
  • eClinicalWorks LLC
  • The Advisory Board Company
  • CureMD
  • Salesforce.com, Inc.
  • Medscape Consult
  • Chiron Health
  • PatientPop, Inc.
  • Clinicient, Inc.
  • MyPractice24
  • CipherHealth
  • McKesson Corporation
  • IBM Corporation
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Patient Referral Management Software Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Patient Referral Management Software Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Patient Referral Management Software Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Patient Referral Management Software Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Patient Referral Management Software Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Patient Referral Management Software Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Patient Referral Management Software Market size was valued at USD 6.98 billion in 2019 and is poised to grow from USD 8.21 billion in 2023 to USD 30.03 billion by 2031, growing at a CAGR of 17.6% in the forecast period (2024-2031).

Competition in the Patient Referral Management Software market is expected to increase during the forecast period because new players are expected to enter in the market and the number of softwares compatible with Patient Referral Management Software will also increase. Currently, only a few key players are providing their services in the market but these numbers will increase in the upcoming years. 'Kareo', 'Allscripts Healthcare Solutions, Inc.', 'Cerner Corporation', 'Epic Systems Corporation', 'Greenway Health, LLC', 'NextGen Healthcare, Inc.', 'Athenahealth, Inc.', 'Eceptionist', 'eClinicalWorks LLC', 'The Advisory Board Company', 'CureMD', 'Salesforce.com, Inc.', 'Medscape Consult', 'Chiron Health', 'PatientPop, Inc.', 'Clinicient, Inc.', 'MyPractice24', 'CipherHealth', 'McKesson Corporation', 'IBM Corporation'

To meet the consumer demand and to strengthen their position in the market, various companies are introducing new products and innovations which will fuel the patient referral management system market in future years. Several new innovations in the market provide dual front desks that allows patients and staff to check in without touching anything. It is used for direct online checkin and forms that aid in communicating when a patient should enter the facility. Along with these applications, governments all around the world are trying to integrate IT solutions into healthcare systems to create the error free healthcare system along with much convenience.

Integrating IT with healthcare systems is one of the major factors developing a trend of cloud based service.As cloud based service poses numerous advantage such as the data can be accessed from anywhere at any place,These services are increasing in patient referral management system day by day.

Globally, North America is estimated to hold the highest Patient Referral Management Software market share .

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Global Patient Referral Management Software Market

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