Tuesday 23 January 2018

Trending Referral Management Industry to get up to higher CAGR value


Rising demands from consumers for advanced and improved healthcare have fueled the growth of referral management market. This is because; since the global development of health infrastructure is non-uniform with unmet challenges and rising expectations from consumers, healthcare providers are increasingly adopting referral management solutions that allows them to provide the best at optimized costs. Referral management is an arrangement for patients enabling more proactive care, coordination and better monitoring. Such designs are beneficial as they help in reducing unnecessary and costly care from patient’s point of view and also benefits the healthcare institute as it helps in tracking down the real time patient data and ensures excellent care to be provided to the patient nearest to his/her home.


The major driving factors for the referral management market are encouraging initiative by government to consolidate healthcare IT solutions globally, geriatric population and increasing incidences of chronic disease, benefits of referral management solutions. However, the market restraints are lack of skilled personnel in healthcare IT professionals and security concerns. On the basis of type, the global referral management market is segmented into self-referrals, professional referrals and third-party referrals. On the basis of component, the global referral management market is segmented into software and services. The software segment dominates the market as software is an integral part of referral management and works as an interface between the database and the end user. It is predicted to grow at a double-rate CAGR for the forecast period.

On the basis of delivery mode, the global referral management market is segmented in web-based delivery, onpremise delivery and cloud-based delivery. The web-based segment dominated the global market owing to number of health startups, and rise in use of mobile internet. The cloud-based segment is predicted to be the growing market segment for the forecast period. On the basis of end-user, the global referral management market is segmented into providers, patients, payers, employer groups and others. On the basis of geography, the global referral management market is segmented North America, Europe, Asia-pacific, Middle-east and Africa.


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