Global Clinical Workflow Solutions Market is estimated to value over USD 12.9 billion by 2026 end and register a CAGR of over 12.2% during the forecast period 2019 to 2026.
The increasing need to cut back on healthcare costs and the rise in patient population due the spur in chronic diseases are factors which have contributed to the global clinical workflow solutions growth market.
The highly reduced doctor-to-patient ratio has led to the increased reliance on healthcare IT solutions and the emerging markets are registered to encounter major growth opportunities for the key players in this market. However, some of the hindrances that have pushed back on the potential growth are the lack of skilled and efficient healthcare IT professionals and the disregard towards the use of clinical workflow solutions in favor of conventional practices.
Clinical workflow solutions have posed several benefits towards large scale corporations. In the case of Mckesson Corporation, their system is known as Clinical Programs Solution (CPS), and these solutions allow information to synchronize with their own in-house pharmacy known as pharmaserv which provides aid in identifying programs for patients afflicted with specific diseases. This facility helps to identify and point to potential opportunities within the workflow, thereby, allowing the pharmacy workers to intervene in a medication routine or utilize the task-based queue to follow through with opportunities at a convenient or specified time. CPS offers customers user-friendly tools and devices to formulate their own customized programs for diverse types of clinical facilities, along with vaccinations, diabetes and over-the-counter suggestions. Another important factor associated with clinical programs solution involves the technique to share an alliance with applications of a third-party. These applications offer assistance and guidance for adherence in patient medication, medication therapy management (MTM) and management in specialty medication. The launch of such facilities will help to simplify the management and execution of clinical facilities provided by the pharmacy by integrating them with workflow and utilizing CPS as a major point of reference for clinical prospects.
Another company known as Cerner Corporation has enacted an EHR platform, known as ‘Millennium’, which outlines a broad view of providing patient care as well as care in both outpatient and inpatient settings alike. This system has been designed in such a way, so as to assimilate informed and carefully curated decisions. This is one such platform provide decision making tactics that will allow for alerts, so that providers in the healthcare settings will be informed when a patient requires immediate help. All these factors have aided in the expansion of the global clinical workflow solutions market size.
Among the major players in the clinical workflow solutions market are Hill-Rom Holdings, Koninklijke Philips N.V., Cerner Corporation, Ascom Holding AG, Allscripts Healthcare Solutions, Cisco Systems Inc., Infor Inc.
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Global Clinical Workflow Solutions Market Segmentation:
By Type
• Data Integration Solutions
• Real-time Communication Solutions
• Workflow Automation Solutions
• Care Collaboration Solutions
• Enterprise Reporting & Analytics Solutions
By End User
• Hospitals
• Long-Term Care Facilities
• Ambulatory Care Centers
By Region
• Europe
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
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FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the clinical workflow solutions market by type, by end user and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, industry-specific restraints and opportunities)
• To forecast and evaluate micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record, evaluate and analyse competitive landscape mapping- technological advancements, product launches, expansions and mergers
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