The global referral management market size is expected to reach USD 9.04 billion by 2030, according to a new study by Polaris Market Research. The report “Referral Management Market Share, Size, Trends, Industry Analysis Report, By Component (Software, and Services); By Type; By Deployment Mode; By End-Use; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Governments around the world are concentrating their efforts on helping promote healthcare IT solutions to improve healthcare productivity and reduce costs. Governments are collaborating with healthcare professionals to expedite seamless information exchange between healthcare systems to organize care and reduce entirely preventable costs effectively. For example, the Argentine Ministry of Health is constructing a nationwide digital health network in 2020 that will allow care centers to access patient data quite firmly through a standardized integration process, which has used Red Hat container, incorporation, and automation systems.
The growing number of geriatrics, as well as the associated increase in chronic diseases, will start driving even more requirements for referral management services. The aging population, combined with an increase in the number of initiatives launched by government agencies to improve the adoption of healthcare IT solutions, is expected to drive market demand.
For instance, in December 2019, Eceptionist announced the release of an updated software version that includes "eConsult" services. With this official launch, healthcare organizations now have more flexibility in managing their workflow, as well as the capability to quickly convert an eConsult into a referral with such a single click.
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Additionally, several countries governments are increasing their concentration on revamping health systems to provide quality healthcare to their citizens. Healthcare IT solutions are also receiving attention as technological advancements accelerate. These solutions offer patients a high level of convenience while ensuring an efficient process. These factors will eventually significantly accelerate the growth of the market. In healthcare facilities, adopting referral management systems will add value to the growth path.
Referral Management Market Report Highlights
Polaris Market Research has segmented the referral management market report based on component, type, deployment mode, end-use, and region:
Referral Management, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Referral Management, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Referral Management, Deployment Mode Outlook (Revenue - USD Billion, 2018 - 2030)
Referral Management, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Referral Management, Regional Outlook (Revenue - USD Billion, 2018 - 2030)