Clinical Workflow Solutions Market by Type (Data Integration, Real-Time Communication Solutions, Workflow Automation Solutions, Care Collaboration Solutions, Enterprise Reporting, and Analytics Solutions), End User (Hospitals, Long-term Care, Ambulatory Care Centers): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026917 | Pages: 100 | Industry: Healthcare IT | Date: Oct 2022 | Type: Global

The clinical Workflow Solutions market         

The market crossed the US$ 9751.98 million mark in 2022 and is expected to hit US$ 27241.57 million by 2030, recording a CAGR of 13.7% during the forecast period.

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The surge in demand for data integration will drive the market's growth.

Growing demand for data integration is another factor contributing to market growth. With pharmaceutical and biotechnological industries spending huge amounts on research and development activities, the scientific communities are generating huge volumes of data. The appropriate processing and interpretation of the collected data require data integration solutions. For instance, Quest Diagnostics, a prominent independent testing laboratory, started providing consumers direct access to test results through the "TheDailyApple.com" website owned and managed by Caresoft Inc. It offers direct-to-consumer test results, ensuring patients' confidentiality and anonymity. Manual processes and paper records may allow unauthorized access to data, increasing the chances of data manipulation; hence, managing data integrity is a big challenge faced by laboratories dependent on manual operations.

Within the report, the market is segmented into type and end user. The market is segmented into data integration, real-time communication solutions, workflow automation solutions, care collaboration solutions, enterprise reporting, and analytics solutions. The end users are hospitals, long-term care, and ambulatory care centers. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

The rising adoption of workflow automation solutions will drive the market's growth.

The increased adoption of electronic health record (EHR) systems in outpatient clinics and hospitals would fuel the demand for LIS to mitigate the risks associated with manual operations. The system also allows laboratory data to offer safe and high-quality patient care. Thus, the growing focus on effective clinical workflow management, leading to the increase in automation of laboratory processes, is driving the growth of clinical workflow solutions.

Rising innovations and developments by the market players are major factors accelerating market growth.

The web-enabled version is intended to improve users' experience from a visual aesthetic perspective and provide flexibility in user setup, dashboard, reports, and other components. In March 2020, LabVantage Solutions launched a new information system for laboratory experts in North America. The software features a single, integrated platform with one user interface. It includes configurable workflows, the ability to automate routine tasks, and data exchange tools. In July 2021, LabVantage Solutions, Inc. launched a new edition of its flagship LabVantage. The LabVantage LIS 8.7 portal features systems that manage the laboratory's data security and offer self-service access to external customers. It also allows laboratories to go live faster and at a lower cost. Thus, the developments and innovations by the market players are boosting the market's growth.

Recent strategic developments in the clinical workflow solutions market

The clinical workflow solutions market has undergone several significant developments, and a few of these have been mentioned below:        On 23 Nov 2021, Philips launched a new AI-enabled MR portfolio of smart diagnostic systems, optimized workflow solutions, and integrated clinical solutions at RSNA 2021.

The clinical workflow solutions market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Hill-Rom Holdings Inc.; Ascom Holding AG; Koninklijke Philips N.V; Cerner Corporation; Cisco Systems Inc.; Stanley Black & Decker Inc.; GE Healthcare; Epic Systems Corporation; Infor Inc.; Allscripts Healthcare Solutions. are among the prominent players operating in the market.

The target audience for the report:

  • Government bodies, such as regulating authorities and policymakers
  • End users
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented based on:

  • Type:
    • Data Integration
    • Real-Time Communication Solutions
    • Workflow Automation Solutions
    • Care Collaboration Solutions
    • Enterprise Reporting
    • Analytics Solutions
  • End-user:
  • Hospitals
  • Long-term Care
  • Ambulatory Care Centers
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • Hill-Rom Holdings Inc.
  • Ascom Holding AG
  • Koninklijke Philips N.V
  • Cerner Corporation
  • Cisco Systems Inc.
  • Stanley Black & Decker Inc.
  • GE Healthcare
  • Epic Systems Corporation
  • Infor Inc.
  • Allscripts Healthcare Solutions

The List of Companies
- Hill-Rom Holdings Inc.
- Ascom Holding AG
- Koninklijke Philips N.V
- Cerner Corporation
- Cisco Systems Inc.
- Stanley Black & Decker Inc.
- GE Healthcare
- Epic Systems Corporation
- Infor Inc.
- Allscripts Healthcare Solutions

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