The report predicts the global Referral Management Market to grow with a CAGR of 22.1% over the forecast period from 2022-2031.
The healthcare industry is undergoing a fundamental transformation globally as it moves from a volume-based business to a value-based business. Increasing consumer demand for improved quality and value of health care providers and payers are forced to provide optimized results. In addition, while the number of hospitalized patients is increasing worldwide, the medical infrastructure is not growing to the same extent, and the burden on the medical system is increasing. To overcome these challenges and meet consumer expectations, healthcare providers are increasingly adopting referral management solutions that can provide improved health at a lower cost.
The global referral management market is estimated to grow at a CAGR of 22.1% from 2022 to 2031, from $ 988 million in 2022 to $ 2,686.3 million in 2031. Over the years, the healthcare industry has recognized that traditional approaches to patient care, quality assurance, and cost control are inefficient in the face of new challenges. Therefore, referral management solutions are one of the investment list priorities of healthcare organizations seeking to streamline the referral process and ensure effective cost control.
By type, the Professional Referral segment is the largest (2014) and the fastest growing segment. Based on delivery modes, the web-based solutions segment dominated the referral management market in 2014. However, cloud-based solutions will be the fastest growing delivery mode. Among the end users, the provider segment is the largest (2014) and is expected to grow the fastest (between 2022 and 2031). By region, North America is expected to grow at the highest CAGR between 2022 and 2031. High growth in North America is due to rising health care costs in the United States, increased government initiative to incorporate IT solutions in health care, an increasing aging population and chronic disease incidence in the United States, and higher health care costs in Canada. May be due to.
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Companies in this market are focused on growth strategies such as customer acquisition. Contracts, partnerships, collaborations, and alliances. New product launches and more (marketing and promotion, certification, financing) are to increase the customer base.
Leading players in the global referral management market include Allscripts Healthcare Solutions Inc. (USA), Cerner Corporation (USA), McKesson Corporation (USA), ReferralMD (USA), Harris Corporation (USA), The Advisory Board Company (USA). , Ehealth Technologies (USA), Eceptionist Inc. (USA), Clarity Health (USA), Kyruus Inc. (USA).
Reasons to buy a report:
This report enriches both existing and new entrants / SMEs, measures market beatings, and helps businesses gain greater market share. Companies purchasing this report will use any or a combination of the following five strategies (market penetration, product development / innovation, market development, market diversification, and competitive assessment) to increase market share:
This report can provide insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios and services offered by the top 10 key players in the referral management market. This report analyzes referral management across regions.
- Product Development / Innovation: Detailed insights into future technologies, R & D activities, and new product launches in the referral management market.
- Market Development: Comprehensive information about profitable emerging markets.
- Market Diversification: Extensive information on new products and services, untapped areas, recent developments, investment in referral management markets
- Competitive Assessment: Detailed strategies, products and services of key players in the referral management market evaluation.
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