USD 9.76 Bn growth expected in Clinical Workflow Solution Market -- Driven by advantages of clinical workflow solutions in enhancing patient care and safety
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- The "Clinical Workflow Solution Market by End-User and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 9.76 billion between 2021 and 2026, expanding at a CAGR of 14.11% during the forecast period. The report considers various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report
The global clinical workflow solution market is fragmented. The market is highly competitive owing to the presence of multiple global players. Market vendors are adopting various strategies such as mergers and acquisitions (M&A) and product innovations to expand their reach and stay competitive in the market.
To retain their positions, vendors are emphasizing the quality of their solutions. The rising efforts of vendors in establishing enhanced systems for healthcare management are contributing to market development. Leading healthcare providers and hospitals have renewed or negotiated license agreements with IT solution providers to use their market-ready technologies, which is projected to promote market growth. The market competition is expected to be moderate during the forecast period, owing to the presence of multiple global players.
The report identifies Ascom Holding AG, Athenahealth Inc., Change Healthcare Inc., Cisco Systems Inc., Constellation Software Inc., Cybage Software Pvt. Ltd., Epic Systems Corp., General Electric Co., Getinge AB, HILL ROM HOLDINGS Inc., Koch Industries Inc., McKesson Corp., NextGen Healthcare Inc., Oracle Corp., Philips International BV, Spok Inc., Stanley Black and Decker Inc., Stryker Corp., and TeleGroup as major market participants.
Although the advantages of clinical workflow solutions in enhancing patient care and safety will offer immense growth opportunities, interoperability and security issues will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Request Sample Report Here
The global clinical workflow solution market is segmented as below:
Hospitals are the prime end-users in the market. The segment is driven by the growing requirement for workflow and the continued trend toward connected hospitals.
North America is the major market, occupying 44% of the global market share. Increased government efforts focused on the effective use of interoperability and rising R&D activity and patient admission in hospitals are driving the growth of the regional market. Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our clinical workflow solution market report covers the following areas:
Clinical Workflow Solution Market 2022-2026: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the clinical workflow solution market. Backed with competitive intelligence and benchmarking, our research report on the clinical workflow solution market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Clinical Workflow Solution Market 2022-2026: Key Highlights
Table Of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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