Global Clinical Workflow Solutions Market Size, Share & Industry Trends Analysis Report By Solutions Type, By End-Use (Hospitals, Long-term Care Facilities and Ambulatory Care Centers), By Regional Outlook and Forecast, 2023 - 2030

Global Clinical Workflow Solutions Market Size, Share & Industry Trends Analysis Report By Solutions Type, By End-Use (Hospitals, Long-term Care Facilities and Ambulatory Care Centers), By Regional Outlook and Forecast, 2023 - 2030

The Global Clinical Workflow Solutions Market size is expected to reach $23.8 billion by 2030, rising at a market growth of 12.3% CAGR during the forecast period.

Hospitals are being mismanaged due to increased accidents, blood sugar fluctuations, and heart attacks since it is difficult for staff members and medical professionals to communicate efficiently in an emergency. Therefore, the unified communication solutions segment would generate approximately $809.7 million revenue in the market in 2030. By creating a uniform method for information exchange and document access, sponsors, and locations, combined information sharing can increase operational effectiveness and greatly reduce administrative responsibility in trials, Clinical workflow solutions are supported by the healthcare industry to streamline the procedure for healthcare professionals. Companies and organizations can use contemporary, interactive, efficient network solutions by combining communications technologies into a single straightforward, accessible platform.

The major strategies followed by the market participants are partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In April, 2023, Koninklijke Philips N.V. entered a partnership with Amazon Web Services to enhance its communications and imaging archiving systems. Moreover, In March, 2023, Veradigm, Inc. signed a partnership with Opargo to integrate its Practice Management suite with Opargo's scheduling and revenue optimization offerings.

Based on the Analysis presented in the KBV Cardinal matrix; Cisco Systems, Inc. is the forerunner in the Market. Companies such as Cerner Corporation, McKesson Corporation, Vocera Communications, Inc. are some of the key innovators in the Market. In November, 2022, Cerner Corporation partnered with Labcorp to provide solutions for efficient healthcare operations workflow.

COVID-19 Impact Analysis

During the COVID-19 pandemic, healthcare practitioners faced significant challenges, underscoring the necessity of effective clinical procedures and remote access to data insights. In many places worldwide, the rising incidence of COVID-19 increased the demand for accurate diagnosis and treatment equipment. In this regard, linked care technologies proved useful, allowing medical professionals to monitor patients using non-invasive digitally connected devices like pulse oximeters and home blood pressure monitors. Therefore, due to the need for businesses to broaden and integrate their product portfolios, the COVID-19 pandemic stimulated market growth and increased acquisition activity.

Market Growth Factors

Rising technological development of workflow solutions

During the anticipated period, the market is expected to experience profitable growth due to the quick development of technology and the introduction of new products by the key market players. IT developments include remote patient monitoring, electronic health records (EHR), high-speed mobile networks, and high-definition video conferencing. The use of auxiliary medical equipment has enabled patients to remotely monitor their health indicators at home, such as blood pressure, electrocardiogram (ECG), body temperature, and glucose levels, automatically relaying real-time information to a doctor or nurse. Therefore, these technological advancements are propelling the growth of the market.

Increase in the percentage of people over 65 worldwide

In every country on earth, the old population is growing swiftly. By 2050, there will be about 1.5 billion people on the planet, a rise of more than three times the current population. Additionally, it is anticipated that 16.0% of people will be over 60 worldwide by this time. One out of every six people will be 65 or older by the middle of the twenty-first century. The "population aging phenomenon" refers to the increase in the percentage and prevalence of older people worldwide. In 2019, approximately 703 million people were 65 or older in the world. People 65 and over made up 9% more of the population in 2019 than in 2018. It is predicted that increased demand for new medication delivery and monitoring systems will fuel market growth due to the world's aging population and these people being more prone to age-related issues.

Market Restraining Factors

Issues of interoperability among new and old solutions

The variety of health information systems poses substantial challenges to effectively adopting and applying healthcare information technology solutions. Many nations lack specific IT standards for data storage and exchange, which raises interoperability difficulties. Although there are several data storage, transit, and safety standards, the adoption and integration of these interoperability standards by healthcare providers and IT solution vendors are extremely difficult. Due to the lack of a single health information system that can satisfy a large healthcare provider's administrative, clinical, technological, and laboratory requirements, the need for interoperability and interoperability standards has become increasingly important. Therefore, these factors are projected to restrain market expansion throughout the forecasted period.

Solutions Type Outlook

Based on solutions type, the market is characterized into data integration solutions, real-time communication solutions, workflow automation solutions, care collaboration solutions, and enterprise reporting & analytics solutions. The care collaboration solutions segment acquired a promising growth rate in the clinical workflow solutions market in 2022. The demand for care collaboration solutions is predicted to grow as the focus on patient-centric services increases. Payers, employer organizations, and governmental bodies adopt integrated solutions to meet their management needs.

End-Use Outlook

On the basis of end-use, the market is classified into hospitals, long-term care facilities, and ambulatory care facilities. The hospitals segment procured the maximum revenue share in the market in 2022. The segment is expanding since it is applicable, and more healthcare facilities, along with the associated data, need adequate administration and privacy. Government attempts to promote the healthcare industry and declutter the complexity of a vast amount of data in healthcare facilities are also anticipated to fuel market expansion.

Regional Outlook

Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment recorded the highest revenue share in the market in 2022. This is caused by an increase in the number of research and development (R&D) projects and hospital patient admissions, which generates a lot of data. Additionally, an emphasis on patient care and increased expenditures on digitization for safe data transfer within organizations, growing government efforts to promote the efficient implementation of EHR, interoperability, and other solutions is also demanding the use of clinical workflow solutions.

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Veradigm, Inc., Cerner Corporation, NEXTGEN HEALTHCARE, INC., McKesson Corporation, Koninklijke Philips N.V., Cisco Systems, Inc., Getinge AB, Vocera Communications, Inc. (Stryker Corporation), Spok, Inc. (Spok Holdings, Inc.) and Ametek, Inc.

Recent Strategies Deployed Clinical Workflow Solutions Market

Partnerships, Collaborations & Agreements:

Apr-2023: Koninklijke Philips N.V. entered a partnership with Amazon Web Services, a global IT company, to enhance its communications and imaging archiving systems. The partnership would allow Philips to serve its healthcare provider customers with operational management solutions.

Mar-2023: Veradigm, Inc. signed a partnership with Opargo, a patient scheduling solutions provider, to integrate its Practice Management suite with Opargo's scheduling and revenue optimization offerings. The combined expertise of the two companies would facilitate their customers to improve their practice and schedule efficiency.

Jan-2023: Koninklijke Philips N.V. extended its partnership with Masimo, a medical technology company, to provide enhanced patient monitoring capabilities. The combined expertise of the two companies would facilitate physicians across the globe to effectively manage their routines and access vital information about their patients.

Nov-2022: Cerner Corporation partnered with Labcorp, a life science company, to provide solutions for efficient healthcare operations workflow. The partnership would facilitate the customers of the two companies to automate certain parts of their laboratory operations.

Oct-2022: Cerner Corporation partnered with Validic Inc., a digital healthcare solutions provider, to integrate its offerings with Validic's integrated digital health solutions. The partnership would facilitate the joint customers of the two companies in the efficient management of population-wide chronic conditions.

Oct-2021: NEXTGEN HEALTHCARE, INC. announced a partnership with Validic, a US-based IT firm, to integrate its Virtual Visits telehealth offering with Validic's real-time remote patient monitoring. The partnership would allow NEXTGEN to provide healthcare providers with solutions for the efficient management of chronic diseases.

Aug-2021: Cerner Corporation teamed up with IMO, a communication service application provider, to provide IMO Core smart app on Cerner code App Gallery. The partnership would allow the two companies to create a better clinician experience.

May-2021: Veradigm, Inc. signed a partnership with Lash Group, a company focused on providing patient services, to provide solutions for efficient patient care. The partnership facilitates Veradigm's goal to deliver superior healthcare solutions.

Mar-2021: McKesson Corporation came into partnership with Vanderbilt Health Rx Solutions, a pharmaceutical company, to offer VHRxS’s specialty pharmacy consulting services to its clients. The partnership would strengthen the customer base of McKesson by providing them with solutions for addressing their specialty pharmacy capabilities.

Mar-2021: Vocera Communications, Inc. signed a partnership with Status Solutions, a situational awareness technology provider, to provide alert management solutions to healthcare organizations across the United States. The partnership would ensure the safety of healthcare organizations across the US.

Feb-2021: Spok, Inc. announced a partnership with Mayo Clinic, a US-based hospital, to enhance its Spok Go cloud-native communication platform. The partnership would provide Spok with much-needed insights for enhancing its Spok Go platform.

Product Launches and Product Expansions:

Mar-2023: NEXTGEN HEALTHCARE, INC. released Mirth Cloud Connect, a healthcare interoperability solution. The cloud-based solution features Snowflake and AWS capabilities. Additionally, the solution is built upon the Mirth Connect tool.

Jan-2023: Getinge AB unveiled Servo-c mechanical ventilator. The Ventilator features lung-protective therapeutic tools for the treatment of both adult and paediatric patients. Additionally, the ventilator has Servo Compass and CO2 monitoring features.

Apr-2022: NEXTGEN HEALTHCARE, INC. unveiled behavioural health suite, a software-based suite of services consisting of human services, behavioural health, and oral health services. The suite includes various facilities such as program caseload summaries, integrated service plans, and psychiatric advance directives.

Oct-2021: Cerner Corporation introduced the Cerner RevElate patient accounting solution. The solution features the capabilities of Soarian Patient Accounting software and Cerner Millennium.

Sep-2021: Veradigm, Inc. announced the launch of eChart Courier and AccelRx, two services used for managing the clinical administration burden. The eChart Courier is used for response automation according to the chart requests from health plans. The AccelRx is used for the automated prescription of specialty therapy needs of patients.

Jul-2021: Vocera Communications, Inc. announced the launch of Vocera Edge, a solution used for providing instant point-of-care information. The solution comes with compatibility with EHRs to facilitate clinicians with their tasks. Additionally, the solutions deliver various features including voice calls, Secure messaging, and alarm notifications.

Mergers & Acquisition:

Dec-2022: NEXTGEN HEALTHCARE, INC. announced the acquisition of TSI Healthcare, a health IT solutions provider. The partnership strengthens NEXTGEN's capabilities in pulmonology, rheumatology, and cardiology.

Nov-2021: Getinge AB completed the acquisition of Verrix, a medical device manufacturer based in the United States. The acquisition enhances Getinge's overall portfolio by adding Verrix's infection control offerings to it.

Jul-2021: Cisco Systems, Inc announced the acquisition of Socio Labs, Inc., an American event management platform provider. The acquisition enhances Cisco Webex's platform offerings and would provide customers with a better experience in online events.

Apr-2021: Vocera Communications, Inc. took over PatientSafe Solutions, a healthcare IT company based in the US. The acquisition would accelerate Vocera's cloud transformation and would extend its communication solution capabilities.

Feb-2021: Koninklijke Philips N.V. acquired BioTelemetry, Inc., a remote cardiac diagnostics solutions provider. The acquisition complements Philips’ patient care management portfolio and would allow it to serve customers with enhanced patient care.

Scope of the Study

Market Segments covered in the Report:

By Solutions Type

• Data Integration Solutions
• EMR Integration Solutions
• Medical Image Integration Solutions
• Real-time Communication Solutions
• Nurse Call Alert Systems
• Unified Communication Solutions
• Care Collaboration Solutions
• Medication Administration Solutions
• Perinatal Care Management Solutions
• Rounding Solutions
• Others
• Workflow Automation Solutions
• Patient Flow Management Solutions
• Nursing & Staff Scheduling Solutions
• Enterprise Reporting & Analytics Solutions

By End-Use

• Hospitals
• Long-term Care Facilities
• Ambulatory Care Centers

By Geography

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA

Companies Profiled

• Veradigm, Inc.
• Cerner Corporation
• NEXTGEN HEALTHCARE, INC.
• McKesson Corporation
• Koninklijke Philips N.V.
• Cisco Systems, Inc.
• Getinge AB
• Vocera Communications, Inc. (Stryker Corporation)
• Spok, Inc.(Spok Holdings, Inc.)
• Ametek, Inc.

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