Introduction
Clinical workflow
solutions are a type of healthcare IT solution that helps to streamline and
improve the efficiency of healthcare operations. The solutions are designed to
automate and optimize the entire clinical workflow process, from patient
scheduling to billing and data management. They enable healthcare organizations
to reduce costs, improve patient care, and increase operational efficiencies.
The growth of the market is attributed to the increasing adoption of healthcare
IT solutions, rising demand for cost-effective healthcare delivery systems, and
the increasing incidence of chronic diseases.
Global
Clinical Workflow Solutions Market Overview
The Report Clinical Workflow Solutions
Market is projected
to reach USD 18.1 billion by 2025 from USD 9.1 billion in 2020, at a CAGR of
14.8% during the forecast period. The market is driven by the increasing demand for efficient
clinical workflow solutions in the healthcare sector. Moreover, the rising
adoption of cloud-based solutions, increasing demand for data-driven
healthcare, and growing number of healthcare IT investments are also driving
the growth of the market.
Clinical workflow
solutions are used to optimize and manage the workflow in the healthcare
setting. Clinical workflow solutions provide the users with various features
such as clinical decision support, electronic health records, clinical notes,
and patient data management, among others. Clinical workflow solutions are used
in various healthcare settings such as hospitals, clinical laboratories, and
health care centers. These solutions help to improve patient care, reduce
medical errors, and improve the overall healthcare system.
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Drivers
of the Clinical Workflow Solutions Market
The clinical workflow
solutions market is driven by a number of factors, including the increasing
demand for better healthcare infrastructure, the need to reduce healthcare
costs, the emergence of artificial intelligence-based solutions, and the
increasing adoption of electronic health records. The market is also driven by
the need to improve patient safety and quality of care, the growing number of
healthcare organizations adopting clinical workflow solutions, and the growing
awareness of the benefits of such solutions. Furthermore, the advancements in
healthcare technology and the increasing focus on improving patient experience
are contributing to the growth of the clinical workflow solutions market.
Opportunities
of Clinical Workflow Solutions Market
·
Improving
patient care: Clinical workflow solutions can help healthcare organizations
streamline processes and improve overall patient care. This can be done through
automated processes that enable medical staff to quickly access and update
patient records, order tests and medications, and provide personalized care.
·
Enhancing
workflow efficiency: Clinical workflow solutions can enable healthcare
organizations to automate mundane tasks and reduce the time spent on paperwork.
This can help to reduce errors and improve the overall workflow efficiency.
·
Increasing
patient satisfaction: Clinical workflow solutions can help to improve patient
satisfaction through better communication, personalized care, and timely access
to medical services. This can help healthcare organizations to build better
relationships with their patients and increase patient loyalty.
·
Reducing
operational costs: Clinical workflow solutions can reduce operational costs by
eliminating manual processes and replacing them with automated systems. This
can help healthcare organizations save money while still providing quality care
to their patients.
·
Improving
data accuracy: Clinical workflow solutions can help healthcare organizations to
improve data accuracy by providing real-time access to patient records. This
can help medical staff to make more informed decisions and reduce the risk of
medical errors.
Regional
Clinical Workflow Solutions Market Analysis
North
America is expected to account for the largest share of the clinical workflow
solutions market in 2019, followed by Europe. The dominance of the North
American region can be attributed to the growing healthcare IT spending,
developed infrastructure, evolving regulations for better healthcare outcomes,
and the presence of major market players in the region.
Major
Players in the Clinical Workflow Solutions Market
The
prominent players in the clinical workflow solutions market are Hill-Rom
Holdings, Inc. (US), Ascom Holding AG (Switzerland), GE Healthcare (US),
Koninklijke Philips N.V. (Netherlands), Cisco Systems, Inc. (US), Stanley Black
& Decker, Inc. (US), Cerner Corporation (US), Infor, Inc. (US), Allscripts
Healthcare Solutions, Inc. (US), and McKesson Corporation (US).
Recent
Developments in Clinical Workflow Solutions Market
- In January 2020, Infor entered into an agreement to acquire
Intelligent InSites 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 AeroScout 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.
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Conclusion:
The market growth is
attributed to the growing need to improve operational efficiency in healthcare
organizations and reduce medical errors. Growing adoption of clinical workflow
solutions to streamline processes and automate healthcare information systems
is driving market growth. Increasing government initiatives to provide improved
healthcare services is expected to fuel market growth. Additionally, rising
awareness about the benefits of clinical workflow solutions is expected to
propel market growth over the forecast period.
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