PUBLISHER: Allied Market Research | PRODUCT CODE: 1566900
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566900
Referral Management Market Expected to Garner $42.8 Billion by 2033, Growing at a CAGR of 17.4%
Abstract: The global referral management market is expected to grow primarily due to the growing focus on preventive care & early intervention. The North America region is predicted to witness profitable growth by 2033.
As per the report published by Research Dive, the global referral management market was valued at $8.6 billion in 2023 and is expected to register a revenue of $42.8 billion by 2033 at a CAGR of 17.4% during the forecast period 2024-2033.
Dynamics of the Market
The growing focus on patient-centric care models, increasing emphasis on data analytics & predictive modelling in healthcare, and the rising focus on preventive care & early intervention are expected to make the referral management market a highly profitable one in the forecast period. Besides, referral management allows patients to complete documentation at home, reducing in-office wait times and improving organizational efficiency.
However, according to market analysts, complexity of software and risk of errors & inaccuracies in automated referral processes might restrain the growth of the market.
Integration of AI & machine learning in healthcare processes and the rising need for solutions addressing referral leakage & network optimization present significant opportunities for referral management market growth. Moreover, effective communication about eConsults and automated referral processes can build trust, improve patient engagement, and increase satisfaction.
Key Players of the Market
The major players of the referral management market include GetWellNetwork, CarePort Health, Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., Cerner Corporation, Athena Health, Eceptionist, Inc., and eHealth Technologies, Inc.
What the Report Covers
In addition to the details highlighted in this description, the comprehensive final report delves into essential market aspects. These encompass a market overview, SWOT analysis, market dynamics, Porter's five forces analysis, segmentation (key trends, regional analysis, and forecast analysis), and company profiles (including company overview, product portfolio, operating segments, strategic initiatives, and financial performance).
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