The report "Referral Management Market by Component (Software (Integrated, Standalone), Services), Delivery Mode (Cloud Based, On Premise), Type (Inbound, Outbound), End User (Providers, Payers) – Analysis & Global Forecasts to 2027", is expected to reach USD 6.1 billion by 2027 from USD 3.2 billion in 2022, at a CAGR of 13.6%.
Browse 215 market data Tables and 29 Figures spread through 198 Pages and in-depth TOC on "Referral Management Market by Component (Software (Integrated, Standalone), Services), Delivery Mode (Cloud Based, On Premise), Type (Inbound, Outbound), End User (Providers, Payers) – Analysis & Global Forecasts to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/referral-management-market-196292082.html
The technological advancements in healthcare infrastructure, increasing adoption of digital solutions, various advantages of automated referral process, and the increasing funding for implementing healthcare IT solutions are the major drivers of the referral management market growth. Rising geriatric population base and subsequent surge in the disease burden globally will further upsurge the demand for referral management solutions.
“Hardware component segment is anticipated to be the fastest growing segment during the forecast period”
The market is segmented into software and services, based on the components. The software segment which includes integrated and standalone software, accounted the largest share of the market in 2021, and this segment is also projected to register the highest CAGR. The price involved in referral management software deployment and periodic software upgradations is expected to boost the segment growth during the forecast period.
“Inbound referral type segment of referral management market expected to occupy the largest market share in 2021”
The referral management market is bifurcated on the basis of type into inbound and outbound referrals. The inbound referrals segment is expected to hold the largest share of the market in 2021 and is estimated to grow at the highest CAGR during forecast period. High volume of inbound referrals made by general physicians to medical specialists and hospitals are the some of the key factor driving the growth of this type segment.
“The Asia Pacific referral management market to grow at the highest CAGR during the2022 to 2027”
While North America is expected to dominate the global referral management market in 2021, the Asia Pacific region is expected to register the highest CAGR during the2022 to 2027. The high growth in this region can be attributed to the risingadoption of advanced healthcare IT solutions in Japan and the large patient population in markets like China and India. Due to this, the demand for referral management solutions is expected to boost in Asia pacific region.
Prominent players in this market are Cerner Corporation (US), CarePort Health (US), eHealth Technologies, Inc. (US), Optum, Inc. (US), Change Healthcare (US), ReferralMD (US), Kyruus (US), Eceptionist (US), Persistent Systems (India), HealthViewX (US), Conifer Health Solutions, LLC (US), EcoSoft Health (US), DentalCareLinks (US), BlockitNow, Inc. (US), Cloudmed (US), EZ Referral (Canada), ReferWell (US), Arcadia (US), HealthWare Systems (US), Netsmart Technologies, Inc. (US), Advanced (UK), Innovaccer, Inc. (US), Lightbeam Health Solutions (US), MDfit (US), and Medcohere Inc. (US). These players are increasingly focusing on product launches, expansions, acquisitions, and partnerships to expand their product offerings in the referral management market.
Don’t miss out on business opportunities in Referral Management Market. Speak to our analyst and gain crucial industry insights that will help your business grow.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441