The global demand for Referral Management Market is presumed to reach the market size of nearly USD 9.51 MN by 2028 from USD 3.66 MN in 2021 with a CAGR of 14.6% under the study period 2022 - 2028.
Referral management is a powerful and exclusive tool primarily used in the healthcare sector to track patient referrals in the healthcare unit or system. The primary motive of this referral management system is to enhance and update the communication among hospital administration, specialists, nurses, doctors, primary care physicians, and other health providers who are involved in a patient’s care.
Demand for referral management systems is increasing at an alarming rate owing to the fast incorporation of IT services and technology into healthcare units. The increase in the ageing population and the existence of chronic diseases are some of the factors driving the market growth globally. Furthermore, the implementation of government initiatives to implement healthcare IT solutions, the existence of a large patient pool, and the increasing government expenses on healthcare units are expected to propel the growth of the referral management market globally. A rise in demand for cloud-based solutions due to their benefits, such as no up-front capital investment for hardware, on-demand self-serving analytics, and capacity flexibility, among others, is also expected to boost the referral management market growth. In addition, the expanding concern on streamlining the patient referral process and the establishment of seamless communication throughout the process will also drive market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of referral management. The growth and trends of referral management industry provide a holistic approach to this study.
This section of the referral management market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Mode Of Delivery
By End User
- Inbound Referrals
- Outbound Referrals
- Other End Users
This section covers the regional outlook, which accentuates current and future demand for the Referral Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Referral Management Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the referral management market include Cerner Corporation (US), CarePort Health (US), eHealth Technologies, Inc. (US), Optum, Inc. (US), Change Healthcare (US), ReferralMD (US), Kyruus (US), Eceptionist (US), Persistent Systems (India), HealthViewX (US), Conifer Health Solutions, LLC (US), EcoSoft Health (US), DentalCareLinks (US), BlockitNow, Inc. (US), Cloudmed (US), EZ Referral (Canada), ReferWell (US), Arcadia (US), HealthWare Systems (US), Netsmart Technologies, Inc. (US), Advanced (UK), Innovaccer, Inc. (US), Lightbeam Health Solutions (US), MDfit (US), and Medcohere Inc. (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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