Patient Referral Management Software Market Size & Share Worth USD 35.91 Billion by 2030, at a CAGR of 17.5%: Polaris Market Research

NEW YORK, Nov. 3, 2022 /PRNewswire/ -- Polaris Market Research recently published [115+ Pages] research report on "Patient Referral Management Software Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Type; By Mode of Delivery (Cloud-based, On-premise); By End-Use; By Region; Segment Forecast, 2022 - 2030" in its research database.

According to the research report, the global patient referral management software market size & share was valued at USD 7.33 billion in 2021 and is expected to surpass USD 35.91 Billion by 2030, growing at a CAGR of 17.5% during the forecast period.

What is Patient Referral Management Software? How Big is Share of Patient Referral Management Software Market?

• Overview

Patient referral management software is a system that keeps track of both inbound and outbound patient referrals, offering better convenience for the healthcare process. The key aim of this system is to streamline communication among specialists, physicians, and their patients. For healthcare specialists, referrals have become essential for business growth and stability. This software system provides benefits such as improved operational efficiency, improved care quality, increased patient compliance, and reduced overhead cost.

The overall qualities of this software increase patient satisfaction and also increases revenue for healthcare delivery systems, which boosts the market growth. The growing demand for patient referral management software market is anticipated to be driven by growing technological developments in healthcare sector. Also, a surge in adoption of management software by many hospitals and clinics accelerates the market growth.

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Our Free Sample Report Includes

• Report introduction, overview, and in-depth industry analysis
• Breakdown data by regions, type, players, and applications
• Competitive landscape and leading competitor market shares
• 110+ pages research report
• Offers chapter-wise instruction on request
• Includes market presence across different geographies with share, size, and trends
• Updated list of tables and figures
• The report covers top players with their business strategies
• Factors and fact research methodology

Some of the Top Market Players Are:

• Allscripts Healthcare Solutions
• Arcadia
• Athena Health
• Blockitnow Inc.
• Careport Health
• Cerner Corporation
• Change Healthcare
• Cloudmed
• Conifer Health Solutions Llc.
• Dentalcarelinks
• Eceptionist
• Ecosoft Health
• Ehealth Technologies
• Epic Systems Corporation
• EZ Referral
• Getwellnetwork
• Healthviewx
• Healthware Systems
• Innovaccer Inc.
• Insync Healthcare
• Kyruus
• Lightbeam Health Solutions
• Mdfit
• Medcohere Inc.
• Netsmart Technologies Inc.
• Optum Inc.
• Persistent Systems
• Referralmd
• Referwell

To Know More About Addition Information on Key Players, Download a Report PDF Brochure

Growth Driving Factors

• Increasing demand for patient referral management software in healthcare to flourish the market growth

Referral management software offers real-time data access and proper patient care, which is estimated to fuel the market growth over the forecast period. During the lockdown across the globe, the demand for virtual treatments was high, which augmented the market growth. Other patient referral management software market trends include a rapid increase in patient volume and the system's demand for effective treatment by healthcare professionals across developed and developing countries.

Moreover, surging R&D spending and collaborations by various major players for developing new techniques to improve the management software are contributing to the industry expansion. Growing elderly population is predicted to positively influence the patient referral management software market sales. In addition, favorable initiatives from governments across the world are expected to bolster industry development.

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Recent Developments

In June 2022, eHealth technologies and N1X10 together announced a partnership to implement concierge services as eHealth technologies retrieve and clinically organize massive data to create an appropriate treatment plan based on cancer patient requirements and preferences.

Segmental Analysis

• Software segment witnessed the largest market share in 2021

Based on component, the software component segment held the significant patient referral management software market share in 2021 as the software easily keeps track of appointments, health diseases, and medication of a patient. Healthcare professionals in hospitals and clinics majorly use integrated and standalone management software for seamless communication with minimum disruption.

• Inbound referrals dominated the market with the highest CAGR

On the basis of type, inbound referrals led the market by accounting for the highest CAGR and are estimated to maintain its dominance during the predicted period. Inbound referrals have the ability to combine various sources into a single queue and attract new patients through emails, phones, and word of mouth. Besides, improved staff capacity, low patient leakage, and an increased number of patients are factors driving the segment growth in the patient referral management software market.

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Patient Referral Management Software Market: Report Scope

Geographic Overview

• Asia Pacific is estimated to lead the market over the forecast period

Based on geography, Asia Pacific accounts for the highest revenue share for the patient referral management software market and is anticipated to continue its fastest growth during the study period. This growth can be attributed to the growing geriatric population coupled with rising health disorders across developing nations such as India, China, and Japan.

Furthermore, rising demand for affordable and efficient treatment as well as rapid technological developments, and a surge in government initiatives to improve healthcare IT infrastructure are the factors expected to boost the patient referral management software industry demand during the foreseen period.

Browse the Detail Report "Patient Referral Management Software Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services); By Type; By Mode of Delivery (Cloud-based, On-premise); By End-Use; By Region; Segment Forecast, 2022 - 2030" with in-depth TOC: https://www.polarismarketresearch.com/industry-analysis/patient-referral-management-software-market

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Polaris Market Research has segmented the patient referral management software market report based on component, type, mode of delivery, end-use, and region:

By Component Outlook

• Software
• Services

By Type Outlook

• Inbound Referrals
• Outbound Referrals

By Mode of Delivery Outlook

• Cloud-Based
• On-Premise

By End-Use Outlook

• Providers
• Payers
• Others

By Region Outlook

• North America (U.S., Canada)
• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
• Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea)
• Latin America (Brazil, Mexico, Argentina)
• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

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SOURCE Polaris Market Research