Clinical Workflow Solutions Market: Market Segments: By Product (Data Integration, Real-time Communication, Workflow Automation, Care Collaboration and Enterprise Reporting & Analytics); By End User (Hospitals, Long-term care facilities and Ambulatory care Centers); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Clinical workflow solutions are software solutions that facilitate the construction of diagnostic facilities, the convergence of imaging silos, the facilitation of workflows and collaboration assistance. In addition, through surveillance reporting and analytics, the workflow solutions provide assistance in tracking workflow. By incorporating such solutions, hospitals in all departments will collaborate to allow caregivers to take better patient safety measures.
Market Highlights
Clinical Workflow Solutions Market is expected to project a notable CAGR of 14.3% in 2030.
Clinical Workflow Solutions Market to surpass USD 20.3 Billion by 2030 from USD 8.6 Billion in 2019 in terms of value growing at a CAGR of 14.3% throughout the forecast period, i.e., 2020-30. Significant factors expected to drive market growth are growing the number of implementations worldwide and increasing government programs to promote the adoption of HCIT solutions, along with increasing patient capacity and the increasing need for limited healthcare costs.
Clinical Workflow Solutions Market: Segments
Care collaboration solutions segment to grow with the highest CAGR during 2020-30
Clinical Workflow Solutions Market is segmented by product as Data Integration, Real-time Communication Solutions, Workflow Automation Solutions, Care Collaboration Solutions, Enterprise Reporting. With a share of over XX.X percent in 2019, the Data integration systems products segment is expected to lead the market.
Clinical Workflow Solutions Market: Market Dynamics
Drivers
Increasing Government Initiatives for Healthcare IT Adoption
Factors driving the growth of the clinical workflow solutions market are growing government initiatives for eHealth, subsequent changes in healthcare infrastructure, increasing medical tourism and increasing demand for quality healthcare in developing countries.
Restrain
Interoperability Issues
Hospitals usually create or license interfaces to import and export data from both internal and external sources, such as the EHR of the hospital, labs, admission /discharge/transfer, medical equipment, as well as outside laboratories, when faced with limited interoperability. A single hospital may therefore employ a few dozen interfaces, whereas hundreds or even thousands of interfaces may have to be used by a large health system with several locations.
Clinical Workflow Solutions Market: Key Players
• Hill-Rom Services Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
• Ascom
• Koninklijke Philips N.V.
• Cisco Systems
• STANLEY Healthcare
• Cerner Corporation.
• Infor.
• Allscripts Healthcare, LLC.
• McKesson Corporation
• Athenahealth
• Vocera Communications.
• NXGN Management, LLC
• Voalte
• Azure Healthcare
• 3M
Clinical Workflow Solutions Market: Regions
Clinical Workflow Solutions Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Clinical Workflow Solutions Market in North America led the market with a lion share of more than XX.X% in 2019. Regional growth is expected to be powered by factors such as growing numbers of R&D activities and patient admission into hospitals, leading to a high volume of data entry. In addition, increasing government policies on the productive use of interoperability, EHR and other solutions and increasing patient care emphasis are driving the region's demand for clinical workflow solutions. In addition, increasing healthcare spending on digitization for safe data sharing within organizations supports the largest revenue contribution market for clinical workflow solutions. Factors driving the growth of the Latin American clinical workflow solutions market are growing government initiatives for eHealth, subsequent developments in health infrastructure in developing LATAM countries, increasing medical tourism, and increasing demand for quality healthcare.
Clinical Workflow Solutions Market report also contains analysis on:
Clinical Workflow Solutions Market Segments:
By Product:
• Data Integration
o Medical Image Integration Solutions / Imaging Workflow Solutions
o EMR Integration Solutions
• Real-time Communication Solutions
o Nurse Call Alert Systems
o Unified Communications Solutions
• Workflow Automation Solutions
o Patient Flow Management Solutions
o Nursing & Staff Scheduling Solutions
• Care Collaboration Solutions
o Medication Administration Solutions
o Rounding Solutions
o Perinatal Care Management / Perinatal Information Systems
o Others
• Enterprise Reporting & Analytics Solutions
By End User:
• Hospitals
• Long-term care facilities
• Ambulatory care Centers
• Clinical Workflow Solutions Market Dynamics
• Clinical Workflow Solutions Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints
FAQs on Clinical Workflow Solutions Market
· Which segment is anticipated to hold the largest market share
· At what CAGR is the market anticipated to grow between 2020 and 2030
· Who are the key players in the Clinical Workflow Solutions Market
· What could be the challenging factors in the growth of Clinical Workflow Solutions Market
· What are the growth drivers for the Clinical Workflow Solutions Market
Contents
1. Executive Summary
2. Clinical Workflow Solutions Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Clinical Workflow Solutions Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Clinical Workflow Solutions Market
11.1. Market Size & forecast, 2019A-2030F
11.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
11.1.2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Clinical Workflow Solutions: Market Segmentation
12.1. By Regions
12.1.1. North America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.2. Europe:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.3. Asia-Pacific:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.4. MEA:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.1.5. Latin America:
• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2. By Product: Market Share (2020-2030F)
12.2.1. Data Integration, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.2. Real-time Communication Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.3. Workflow Automation Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.4. Care Collaboration Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.2.5. Enterprise Reporting & Analytics Solutions, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3. By End User: Market Share (2020-2030F)
12.3.1. Hospitals, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.2. Long-term care facilities, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12.3.3. Ambulatory care Centers, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
13. Company Profile
13.1.1. Hill-Rom Services Inc.
13.1.2. Company Overview
13.1.3. Company Total Revenue (Financials)
13.1.4. Market Potential
13.1.5. Global Presence
13.1.6. Key Performance Indicators
13.1.7. SWOT Analysis
13.1.8. Product Launch
13.2. Ascom
13.3. Koninklijke Philips N.V.
13.4. Cisco Systems
13.5. STANLEY Healthcare
13.6. Cerner Corporation.
13.7. Infor.
13.8. Allscripts Healthcare, LLC.
13.9. McKesson Corporation
13.10. Athenahealth
13.11. Vocera Communications.
13.12. NXGN Management, LLC
13.13. Voalte
13.14. Azure Healthcare
14 Consultant Recommendation
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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