The healthcare providers constantly have to adopt to advanced technologies as they face challenges on regular basis. Providing quality healthcare, efforts to reduce the cost of treatments, geriatric and aging population, dearth of resources and lack of operating standards for treatment routines are some of the factors that ensure surge in the demand for quality care which would fuel the clinical workflow solutions market growth.
The healthcare providers like clinics, hospitals diagnostic centers are prioritizing the integration of clinical workflow solutions in all the departments to ensure better workflows of tedious documentation, management of administrative staff as well as healthcare professionals and to have an ease in accessing to clinical patient data required for decision making.
Furthermore, to increase the usage of interoperable quality solutions, the hospitals having sub branches also have to share the data with other branches. Thus, the growing demand for delivering seamless and quality care to the patients and enhance productivity is bolstering the demand for clinical workflow solutions.
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The importance of clinical workflow solutions has been rising over the period of time and has been appreciated by several entities from public and private sectors. The integration of Electronic Healthcare Record along with workflow solutions is creating better opportunities for the workflow systems.
The constant upgradation of these systems for ease in data storage, retrieval and reduction in complexities, cloud based computing to manage clinical database and interoperability of data are increasing the acceptance rate of workflow solutions.
Market entities are striving for enhancing the presence by the development of said software. Government policies supporting implementation of clinical workflow solutions are further expected to increase demand for these systems in the coming years.
However, mandate of a well-developed IT infrastructure, high investments and optimum coordination to develop an interoperable platform for utilization of data are the factors hindering the growth in the market.
Furthermore, low doctor-to-patient ratio would result into integration of healthcare IT solutions in order to reduce the ratio which would create an opportunity to the target market.
North America to dominate the clinical workflow solutions market. The dominance is due to factors like rise in the global prevalence of chronic diseases and higher adoption of technology in the region resulting for higher demand for innovative treatment technologies is propelling the market in the United States.
Drastic rise in healthcare expenditure and high strain to achieve better health outputs at lower costs, availability of a well-developed infrastructure and government initiatives regarding the effective usage of EHR, interoperability and high focus on patient care are propelling the market for clinical workflow solutions in the region. For instance, as per EHR intelligence, in August 2018, the U.S. government invested $ 38 billion in healthcare facilities to install EHR systems since 2011.
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COVID – 19 scenario analysis:
- The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses
- Industry closures and people are asked to stay in their homes which has cause taken a huge toll in terms of money and economic growth
- Over 4 million people affected globally, with 300 thousand losing their lives due to novel coronavirus
- Healthcare organizations are already working in battle mode, preparing new plans to respond growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers.
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