Global Clinical Administration Market Size, Trends & Analysis - Forecasts to 2026 By Type of Solutions (Data Management Solution, Communication Solution, Workflow Automation Solution, Care Collaboration Solution, Patient Reporting & Analytics Solutions, and Patient Survey Solution), By End User (Hospital & Clinics, Long Term Facilities, Ambulatory Care Centres, Other Medical Centres), By Region (North America, Europe, Asia Pacific, MEA, and CSA); End User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Clinical Administration Market Insights
The global clinical administration market is estimated to witness a significant CAGR during the forecast period (2020-2026). Availability of huge patient volume data, the need to share data amongst multi modal hospital setting, rising patient admission to healthcare centres, increasing number of hospitals and clinics, increasing need for healthcare cost reduction, and rising government interest in integration of information technology with healthcare services are some of the factors driving the market growth.
Clinical Administration Market Size: By Type of Solutions
On the basis of solution type, the market is segmented into Data Management Solution (EMR & Medical Imaging), Communication Solution (Nurse Call Alert Systems, Unified Communication Solutions), Workflow Automation Solution (Patient Flow Management Solution And Nursing & Staffing Scheduling Solution), Care Collaboration Solution (Medication Management Solutions, Perinatal Care Management Solutions, Acute/ Chronic Care Management Solutions, Other Care Collaboration Solutions, And Doctor Round Solutions), Patient Report & Analytics Solutions And Patient Survey Solutions. The Data Management Solution segmented is estimated to account for the largest share in the market due to increasing demand for management of patient volume data, rising number of healthcare facilities and increasing buying capabilities of these solutions.
Clinical Administration Market Size: By End User
Based on end user, the market is segmented into Hospitals & Clinics, Long Term Facilities, Ambulatory Care Centres, and Other Medical Centres. The hospital & clinics segment is estimated to hold the largest share of the market in 2020. The large share of this segment is attributed to the rising focus to improve the healthcare services and facilities, increasing need to manage huge patient data, and the growing need to accelerate profitability of hospital operations and reduce healthcare costs.
Clinical Administration Market Size: By Region
Based on region, the market is segmented into North America, Asia-Pacific, Europe, Middle East and Africa and Central & South America. North America is expected to dominate the market during the forecast period due to the rising adoption of technology-driven patient data management at every healthcare facility, increasing number of patient admission in the healthcare settings leading to high volume of data entry, and growing government initiatives for HCIT application in clinical workflow management. Furthermore, Asia-Pacific region is expected to grow at a high CAGR during the forecast period. Increasing demand for integration of HCIT in the medical sector, increasing medical tourism, and high demand for patient centric quality service in this region is expected to propel the growth.
Clinical Administration Market Share and Competitor Analysis
The key players operating in the market include: Allscripts Healthcare Solutions, Inc., Cerner Corporation, NXGN Management, LLC, McKesson Corporation, Koninklijke Philips N.V., Hill-Rom Services Inc., Cisco, GE Healthcare, Stanley Black & Decker, Inc., Vocera Communications, ASCOM, Athenahealth, Inc., Voalte, Azure Healthcare, 3M and other companies. (Other companies include OSP labs, Kareo, MTBC Inc, Phreesia, LeanTaaS, Qventus, ManageMyHealth, inSync Healthcare solutions, Infor, Inc., Greenway Health, Next Gen Healthcare, Virence Centricity Partner, BrainLabs, Nous Infosystems and Beacon).
Please note: This is not an exhaustive list of companies profiled in the report.
In July 2020, Allscripts (U.S.) and Microsoft Corp. (U.S.) announced the extension of their long-standing strategic alliance in order to enhance the cloud-based health IT solution/product (Allscripts’ cloud-based Sunrise electronic health record) by making Microsoft the sole cloud provider for this solution/product.
In July 2020, MTBC, Inc. (US), announced that its CareCloud division launched CareCloud Live a standard software suite at free of cost. This software allows convenient appointment management and offers seamless clinical workflow with a single-click feature.
Check the Press Release on Global Clinical Administration Market Report
Clinical Administration Market: By End-User
Clinical Administration Market: By Type of Solutions
Clinical Administration Market: By Region
The global Clinical Administration Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Clinical Administration Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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