Market revenue in 2022 | USD 2,937.0 million |
Market revenue in 2030 | USD 7,694.1 million |
Growth rate | 12.8% (CAGR from 2022 to 2030) |
Largest segment | Data integration solutions |
Fastest growing segment | Care Collaboration Solutions |
Historical data covered | 2018 - 2021 |
Base year for estimation | 2022 |
Forecast period covered | 2023 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Data Integration Solutions, Real-Time Communication Solutions, Workflow Automation Solutions, Care Collaboration Solutions, Enterprise Reporting & Analytics Solutions |
Key market players worldwide | Veradigm Inc, Oracle Corp, McKesson Corp, Koninklijke Philips NV, Cisco Systems Inc, Getinge AB ADR, Stryker Corp, Spok Holdings Inc, AMETEK Inc, NextGen Healthcare |
Data integration solutions was the largest segment with a revenue share of 26.46% in 2022. Horizon Databook has segmented the Europe clinical workflow solutions market based on data integration solutions, real-time communication solutions, workflow automation solutions, care collaboration solutions, enterprise reporting & analytics solutions covering the revenue growth of each sub-segment from 2018 to 2030.
The European market growth can be attributed to several healthcare programs in the region for improvement and standardization of national health services. Government organizations, such as European Association of Public Health (EUPHA), work in collaboration with European Health Information Initiative (EHII), thereby widening the scope of growth for the market in Europe.
Furthermore, increasing demand for patient-centered care delivery from caregivers and improved clinician productivity in the region are also expected to boost growth. The market in Europe consists of countries such as Germany, the UK, France, Italy, and Spain. All these countries are rapidly growing economies, which also positively impacts market growth.
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