Global Clinical Administration Market Size, Trends & Analysis - Forecasts to 2026

1. Global Clinical Administration Market - Forecasts to 2026 Clinical administration solutions or software are responsible for managing the daily functioning of a hospital/clinic setting in order to offer an improved data management and better health service management. These software are developed for medical staffs to plan, manage, direct and coordinate the delivery of quality health services, at their set ups. Clinical administration software have 2 major products namely, management software and EMR software to handle both the business and doctors of a medical set up. The clinical administration market is estimated to be USD 7.5 Billion in 2020 and is projected to reach USD 15.0 Billion by 2026, at a CAGR of 12.2%. 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. Furthermore, COVID-19 has drastically impacted this sector of the industry. According to the latest reports, around 1 in every 5 people who are infected with COVID-19 virus, develop difficulty in breathing and require hospital admission. This has given rise to build up of patient information in the hospital’s administration systems. Clinical administration software market will see this situation as an opportunity to penetrate more and more in the healthcare industry. Another major factor for the growth of this market is rising healthcare expenditure on hospital infrastructure which includes extensive installation of clinical administration solutions. In 2019, the federal government of the United States had spent ~USD 1.2 trillion on healthcare sector in which hospital infrastructure was a major contributor. With the increasing expenditure on the infrastructure of the hospital, the market will grow during the forecast period owing to increasing adoption of management software. Request for a sample copy of the Clinical Administration Market Report at: https://www.globalmarketestimates.com/market-report/global-clinical-administration- market-2179 This market is segmented on the basis of types of solution, and type of end user. On the basis of type of solutions the market is divided into data management solution, communication solution, workflow automation solution, care collaboration solution, patient reporting & analytics solutions, and patient survey solution and on the basis of end user the market is segmented into hospital & clinics, long term facilities, ambulatory care centres, other medical centres. However, on the basis of types of solution, the data management solution segment 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. On the contrary, the workflow automation solution will witness the fastest growth amongst the other segments. As per the regional analysis is concerned, North America will be dominating 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. Major players such as AdvancedMD,

2. athenahealth, Kareo, DrChrono EHR, AllegianceMD, and CareCloud among others have been offering clinical administration workflow solutions to North America. Also, 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. Companies such as DoctorConnect.net, Power Diary, Mediclinic, PracticeSuite, AirCare among others have quit a dominant footprint in most of the developing Asian countries. Organic and inorganic growth strategies have been adopted by these players, to penetrate in the market. For instance, in July 2020, Allscripts (US) and Microsoft Corp. (US) 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. Also, 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. Browse the Clinical Administration Market Report at: https://www.globalmarketestimates.com/market-report/global-clinical-administration- market-2179