Tag: Workflow Management

Clinical Perinatal Software Market Size Worth $382.5 Million By 2027

The global clinical perinatal software market size is expected to reach USD 382.5 million by 2027, registering a 8.3% CAGR during the forecast period, according to a new report by Grand View Research, Inc. The increasing number of stillbirth cases globally is boosting the market growth.

Integrated software product segment held the largest market share in terms of revenue in 2019. Increasing demand for the workflow integration of medical professionals is anticipated to drive the growth of this segment in the forthcoming years. Moreover, technological advancements and growing adoption are the factors projected to continue fueling the segment growth over the forecast period.

In terms of application, fetal monitoring data services held the largest revenue share in 2019. These services provide accurate and adequate monitoring of fetal heartbeat and uterine contraction. Mobile fetal monitoring allows patients to remotely access the data to track the fetal development. This factor is projected to positively influence the segment growth during the forecast period.

Supportive government initiatives for maintaining maternal health are increasing the adoption of clinical perinatal software. Moreover, adoption and implementation of healthcare IT solutions such as monitoring systems in clinics, hospitals and surgical centers have increased the efficiency of work and reduced healthcare expenditure, thereby propelling the market growth.

The industry players are taking initiatives to develop new software with added data security, thus propelling further growth. For instance, in May 2018 Myriad Genetics acquired Counsyl in order to improve its portfolio in noninvasive prenatal screening.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/clinical-perinatal-software-market

Further key findings from the report suggest:

  • On basis of product, integrated software dominated the revenue in 2019 owing to the increased adoption of this software among healthcare and clinics
  • On basis of deployment model, on premise held the largest revenue share in 2019 owing to its data security and ease of access
  • On basis of application, workflow management software is expected to exhibit the fastest CAGR over the forecast period owing to its increased productivity and increasing adoption
  • On basis of end use, hospitals and clinics dominated the market for clinical perinatal software in terms of revenue share in 2019 owing to the presence of advanced technology and increased footfall
  • Asia Pacific is expected to exhibit the fastest CAGR over the forecast period. The growth can be attributed to an increase in disposable income and supportive government initiatives

Health Information Exchange Market Worth $2.21 Billion By 2024

The global healthcare information exchange market size is expected to reach USD 2.21 billion by 2024, according to a new report by Grand View Research, Inc. The increasing need for greater access to patient health information is a potent driver of the health information exchange (HIE) market. Additionally, the increasing awareness pertaining to the HIE owing to the presence of government and non-profit organizations, such as Healthcare Information and Management Systems Society (HIMSS), is the major factor expected to drive the growth of the aforementioned industry over the forecast period.

Furthermore, the increasing focus towards advanced healthcare solutions along with the increased provision of funds from government organizations to expand healthcare information systems is expected to increase the adoption of HIE systems in the near future. For example, the presence of the Agency for Healthcare Research and Quality (AHRQ), which is instrumental in providing funds pertinent to HIE implementation in the U.S.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/health-information-exchange-hie-market

Further Key Findings From the Study Suggest:

  • The private HIE segment dominated the setup type segment with respect to the revenue share of over 52.0% in 2015. This dominance is attributed to presence of larger number of service providers and higher cost efficiency in the above-mentioned segment.
  • Under the category of implementation model of HIE, the hybrid model segment is anticipated to grow at a lucrative rate due to the associated benefits, such as improved patient care delivery and enhanced operational efficiency of the practices
  • Kentucky HIE is a hybrid model implemented with an objective to provide patient information related to chronic disease management and preventive health via messaging, alerts, and other communication tools. Kentucky HIE also connects to the National Health Information Network (NHIN) and enables interoperability across various health systems.
  • On the basis of solution type, the platform-centric segment is expected to grow at a rapid growth rate in 2015. This can be attributed to the benefits associated with platform-centric solutions, such as storage of colossal amounts of data and facilitated HIE, thus the implied demand for the products in the health information exchange market.
  • In terms of applications, the internal interfacing segment is the fastest growing segment. The increasing need to connect with a larger number of patients through the use of patient engagement tools and internal interfacing is presumed to propel the demand for the HIE market.
  • As of 2015, North America dominated the HIE market at over 45.0% owing to the presence of vast number of companies, supportive reimbursement policies, and the increasing implementation of EHR
  • Asia Pacific is expected to grow rapidly at a CAGR of over 10.5% during the forecast period due to the rising disposable income levels, the increased awareness levels amongst healthcare practitioners regarding the HIE systems, the presence of outsourced HIE service providers, and the rising investments in the healthcare industry by the major players
  • Some key players in this sector are GE Healthcare, eClinicalWorks, Siemens AG, Orion Health, Inc., Medicity, Inc., IBM Corporation, CareEvolution, Inc., Cerner Corporation, RelayHealth Corporation, and Allscripts Healthcare Solutions, Inc.
  • The industry players are involved in strategic collaborations and mergers & acquisitions. The participants are striving to gain market penetration via offering end-to-end customized services to the potential consumers. For instance, in March 2016, Allscripts Healthcare Solutions, Inc. and AssistRX, Inc. entered into a partnership agreement to develop technologically advanced HIE solutions with enhanced speed and efficiency in prescribing specialty medications in the U.S.