Clinical Workflow Solutions Market

Infor, Inc. (US) and Cerner Corporation (US) are the leading players in the data integration solutions segment of the Clinical Workflow Solutions Market

The global clinical workflow solutions market is projected to reach USD 12.1 billion by 2023 from USD 6.8 billion in 2018, at a CAGR of 12.4%. Rising need to curtail healthcare costs and the increasing patient volume due to the rising prevalence of chronic diseases are the primary growth drivers for this market. Low doctor-to-patient ratio leading to increased dependency on healthcare IT solutions and the emerging markets are expected to offer significant growth opportunities for players in this market. However, Lack of trained healthcare IT professionals and reluctance to use clinical workflow solutions over conventional practices are some of the major market challenges. Also the global nurse call alert systems segment of the clinical workflow solutions market is majorly dominated by Hill-Rom Holdings, Inc. (US) and Ascom Wireless Solutions (Switzerland).

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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Infor, Inc. is one of the leading players in the data integration solutions market in 2017. The company offers various industry-specific applications and suites to facilitate information exchange across several healthcare providers. With its strong presence in more than 200 countries, the company offers the Cloverleaf Integration engine that facilitates the movement of secure data through disparate systems within and outside the healthcare enterprise. This engine also delivers native support for a broad selection of healthcare standards, including HL7, NCPDP, and X12. The company is expected to sustain its leading market position in the coming years owing to its strong footprint in the global market, which enables it to establish a strong distribution channel for integration products. In 2018, Infor launched the Healthcare Enterprise Analytics solution and the Infor Cloverleaf Integration Suite 6.2 version.

Cerner Corporation has established itself as one of the leading players in the data integration solutions market with a wide portfolio of products ranging from women’s health solutions- FetaLink+, to the solutions for hospitals and health systems like workforce management solutions, CareAware Connect and care team communications. The company recently acquired Siemens Health Services (Germany), one of the leading interface engine (OPENLink) manufacturers. The leading position of the company in this market can be attributed to its strong distribution network, which has enabled the installation of its interface engines in many healthcare provider facilities across the globe. In 2016 Cerner opened a Healthe center at the Cerner Center in Bangalore, India, which helped the company enter the Indian market and also expand its geographic reach.

Related Reports:

Clinical Workflow Solutions Market by Product (Data Integration, EMR Integration, Nurse Call Systems, Unified Communications, Care Solutions, Patient Flow Management, Enterprise Solutions), End Users, and Region - Global Forecast to 2023

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Report Code
HIT 6866
Published ON
Jan, 2019
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