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Clinical Workflow Solutions Market Size

  • Report ID: GMI9694
  • Published Date: May 2024
  • Report Format: PDF

Clinical Workflow Solutions Market Size

Clinical Workflow Solutions Market size was valued at around USD 12.3 billion in 2023 and is estimated to grow at 13.9% CAGR from 2024 to 2032. Clinical workflow solutions refer to a set of tools, software applications, and methodologies designed to streamline and optimize the various processes involved in delivering healthcare services. These solutions aim to improve efficiency, reduce errors, enhance patient care, and ensure compliance with healthcare regulations by managing and automating different aspects of clinical workflows.

 

The increasing patient volume due to the rising prevalence of diseases is a significant driver for the clinical workflow solutions market. For instance, according to the World Health Organization (WHO), in 2023, globally over 422 million people live with diabetes with a global prevalence rate of 6.1%, making diabetes one of the top 10 leading causes of death. As the number of patients grows, maintaining high standards of care becomes more challenging. Clinical workflow solutions help ensure that each patient receives timely and appropriate care by facilitating better coordination, reducing wait times, and minimizing the risk of errors. This is crucial for managing patients with chronic diseases or complex conditions that require continuous monitoring and timely interventions.

 

Furthermore, adoption of healthcare IT (market size is estimated to account for USD 1.1 trillion by the end of year 2032), advancement in healthcare analytics, increasing use of clinical laboratory services, government initiatives and funding, and increasing education & awareness, are the supporting factors augmenting the growth of the market.

 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global industry size for clinical workflow solutions was valued at USD 12.3 billion in 2023 and is estimated to grow at 13.9% CAGR from 2024 to 2032 due to increasing patient volume owing to the rising prevalence of diseases and higher healthcare expenditure.

The data integration solutions segment of the clinical workflow solutions industry is forecasted to reach USD 11.7 billion by 2032 as they enhance clinical workflows and decision-making by unifying diverse healthcare data while ensuring interoperability and reducing administrative burdens.

The hospitals segment of the clinical workflow solutions market accounted for USD 4.8 billion in 2023 due to the need for enhancing patient flow, ensuring regulatory compliance, and facilitating real-time communication among healthcare providers.

Carestream Health, Cisco Systems, Inc., EClinicalWorks, Epic Systems Corporation, GE HealthCare Technologies, Inc, Infor Healthcare, Koninklijke Philips N.V., McKesson Corporation, and Medical Information Technology, Inc, among others.

Clinical Workflow Solutions Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 189
  • Countries covered: 23
  • Pages: 120
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