Referral management market is expected to grow at a moderate rate during the forecast period 2019-2025. Referral management is a computer-assisted software system which is being used to keep track of patient referrals within an organization or between multiple organization. Due to the rapid integration of IT services and technologies in healthcare solutions, demand for referral management systems is increasing at a high growth rate. For instance, electronic health record (EHR) is one of the major breakthroughs in maintaining the health records which is being adopted in healthcare services. Referral management is another management system which works to smoothen the services. Additionally, with the increased number of patients and well-organized healthcare service management, healthcare providers are shifting towards referral management systems. Further, investment in public and private spending healthcare sector is augmenting the market value for global referral management market.
However, the lack of skilled professionals for IT services in healthcare, and concerns pertaining to data security are coming as major challenges in the global referral management market. In the economies with less penetration of IT services, difficulties such as poor understanding of technology, and a dearth of skilled professionals hinder the market. Data security is another major concern in both the developed and the emerging economies, therefore increasing government interference, which may slow down the adoption.
Global referral management market is segmented on the basis of deployment method and regional outlook. The market is analyzed into cloud-based deployment and on-premises deployment on the basis of the deployment method. The increasing adoption of cloud-platform in healthcare organizations is contributing to the growth of the cloud-based deployment. Further, on-premise also contribute to the market growth significantly as it serves as an ideal model for large organizations due to the presence of necessary infrastructure such as in-house IT support and backup servers that offers immense security.
In the geographic overview, global referral management market is analyzed into North America, Europe, Asia-Pacific and Rest of the World. North America holds the major market share due to established IT industry in healthcare and the presence of major market players in the US and Canada. Europe also contributes a significant share in the global referral management market attributed to considerable private and public investment and favorable government policies for induction of IT services in the healthcare sector. Asia-Pacific is calculated to grow with substantial rate during the forecast period due to growing healthcare infrastructure and expansion of market players in the emerging economies of the region which includes India and China.
Some of the market players in the global referral management market include Allscripts Healthcare Solutions, Inc., Electronic Referral Manager, LLC, Cerner Corp., Kyruus, Inc., Medical Information Technology, Inc., Conifer Health Solutions, LLC, IBM Corp., General Electric Co., Siemens AG, and others.
Research Methodology:
The market study of the global referral management market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Authentic Public Databases such as the National Institute of Health, and WHO
- Whitepapers, research-papers and news blogs
- Company websites and their Offering catalog.
The report is intended for healthcare service providers, ICT companies, research institutes, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation:
- Global referral management Market Research and Analysis by deployment method
The Report Covers:
- Comprehensive research methodology of the global referral management
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global referral management market.
- Insights about market determinants which are stimulating the global referral management market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
