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Clinical Workflow Solutions Global Market Size is Anticipated to Reach $18.82 Billion at a CAGR of 16.1% By 2028 | Key Players: Ascom Holding AG, Cerner Corporation, Cisco Systems Inc., GE Healthcare, Hill-Rom Holdings Inc.
Clinical Workflow Solutions Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Clinical Workflow Solutions industry. This report on Clinical Workflow Solutions market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The clinical workflow solutions market size has grown rapidly in recent years. It will grow from $9.49 billion in 2023 to $11.02 billion in 2024 at a compound annual growth rate (CAGR) of 16.1%. The growth in the historic period can be attributed to growth in healthcare digitalization, electronic health records (EHR), increasing regulatory compliance, increased need for efficiency and productivity, and increased healthcare integration. The clinical workflow solutions market size is expected to see rapid growth in the next few years. It will grow to $18.82 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%.
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Key Market Players:
Allscripts Healthcare Solutions Inc., Ascom Holding AG, Cerner Corporation, Cisco Systems Inc., GE Healthcare, The Progressive Corporation are prominent players in the Clinical Workflow Solutions industry.
Market Drivers:
The rising prevalence of diseases is expected to propel the growth of the clinical workflow solutions market going forward. Disease is defined as a condition that impairs the normal functioning of the human body and is manifested by distinct signs and symptoms. Clinical workflows help patients suffering from various diseases by improving the functionality of the healthcare system and offering better healthcare system experiences. For instance, in 2021, according to the International Diabetes Federation, a Belgium-based organization, approximately 537 million adults (20-79 years) were living with diabetes, and the total number of people living with diabetes has been projected to rise to 643 million by 2030 and 783 million by 2045.
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Market segments for Clinical Workflow Solutions include:
1) By Type: Real-Time Communication Solutions, Data Integration Solutions, Workflow Automation Solutions, Enterprise Reporting and Analytics Solutions, Care Collaboration Solutions
2) By Application: Diagnostic Applications, Research Applications, Therapeutic Applications
3) By End-User: Ambulatory Care Centers, Long-Term Care Facilities, Hospitals
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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