The global clinical workflow solutions market is projected to reach USD 18.1 billion by 2025 from USD 9.1 billion in 2020, at a CAGR of 14.8% during the forecast period. Growth in this market is driven by the implementation of government initiatives supporting the adoption of HCIT solutions, advantages of clinical workflow solutions in enhancing patient care and safety, increasing patient volume due to the COVID-19 pandemic, growing adoption of EHRs and other HCIT solutions, and the rising need to curtail healthcare costs. However, factors such as the requirement of high investments in IT infrastructure and interoperability issues are expected to restrain the growth of this market to a certain extent during the forecast period.
Hill-Rom Holdings, Inc. (US), Ascom Holding AG (Switzerland), GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Cisco Systems, Inc. (US), Stanley Black & Decker, Inc. (US), Cerner Corporation (US), Infor, Inc. (US), Allscripts Healthcare Solutions, Inc. (US), and McKesson Corporation (US) are some key players in this market. These companies are focusing on increasing their presence in the high-growth markets through both organic as well as inorganic growth strategies such as product launches, acquisitions, partnerships, agreements, collaborations, and expansions.
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Hill-Rom Holdings is one of the leading players in the nurse call alert systems market in 2019. The company is a major manufacturer and provider of medical technologies and related services for the healthcare industry. Its nurse call systems include Nurse Communications, Hand-Hygiene, Device Connectivity, and Perinatal Monitoring. NaviCare, a nurse call system offered by the company, is used for supporting clinical solutions and applications, including nurse call, asset tracking, staff and patient locating, and hand-hygiene monitoring. In 2019, Hill-Rom acquired Voalte, a clinical communication and collaboration vendor. Combined with Linq, its messaging middleware, Hill-Rom offers integrated nurse call, medical device data acquisition, and a messaging platform at the point of care.
Ascom accounted for second largest share of the nurse call alert systems market in 2019. The company significantly invests in R&D to launch technologically advanced products in the market. The company is constantly improving the quality of its patient systems, including the planned and ongoing development of a next-generation nurse call platform.
Clinical Workflow Solutions Market by Product (Data Integration, Nurse Call Systems, Rounding Solutions, Patient Flow Management, Enterprise Reporting) End Users (Hospitals, Long-term Care, Ambulatory Care Centers) Covid-19 Impact - Global Forecast to 2025
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