South Korea Clinical Workflow Solutions Market Size & Outlook
South Korea clinical workflow solutions market, 2018-2030 (US$M)
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South Korea clinical workflow solutions market highlights
- The South Korea clinical workflow solutions market generated a revenue of USD 181.9 million in 2022 and is expected to reach USD 458.3 million by 2030.
- The South Korea market is expected to grow at a CAGR of 12.2% from 2023 to 2030.
- In terms of segment, data integration solutions was the largest revenue generating type in 2022.
- Care Collaboration Solutions is the most lucrative type segment registering the fastest growth during the forecast period.
Clinical workflow solutions market data book summary
| Market revenue in 2022 | USD 181.9 million |
| Market revenue in 2030 | USD 458.3 million |
| Growth rate | 12.2% (CAGR from 2022 to 2030) |
| Largest segment | Data integration solutions |
| Fastest growing segment | Care Collaboration Solutions |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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 |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.9% of the global clinical workflow solutions market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan clinical workflow solutions market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 687.1 million by 2030.
Data integration solutions was the largest segment with a revenue share of 26.72% in 2022. Horizon Databook has segmented the South Korea 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 market in South Korea is expected to witness significant growth owing to rising adoption health care IT-based solutions, including clinical workflow solutions. Furthermore, the country has witnessed successful implementation of various IT-based solutions in administrative workflow of healthcare organizations.
However, there is still a lack in awareness regarding right systems, which results in high adoption of traditional systems in many healthcare facilities. Furthermore, many healthcare facilities have limited budgets, which also impedes market growth.
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Clinical Workflow Solutions Market Scope
Clinical Workflow Solutions Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea clinical workflow solutions market size, by type, 2018-2030 (US$M)
South Korea Clinical Workflow Solutions Market Outlook Share, 2022 & 2030 (US$M)
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