Patient Referral Management Software Market Will Reach USD 30,221.2 Million by 2030

In 2023, the market size for patient referral management software reached USD 9,598.3 million. It is forecasted to grow at a compound annual growth rate (CAGR) of 17.9% from 2024 to 2030, with an estimated value of USD 30,221.2 million by the year 2030. 

This growth of the market can be credited to the increasing elderly populace throughout several countries, steps by governments to boost healthcare systems to accept IT solutions, and constant technical growth are a few of the major factors that can be credited for the industry’s development. 

Moreover, accuracy in scheduling activities, efficacy in the management of info, restructuring of daily operations, and development in the access to medicinal services are some of the benefits of such software that would permit the industry to maintain momentum. 

Patient Referral Management Software Market

The emergence of cloud-based solutions, e-prescriptions, and e-health records technological improvements are just some of the many medical procedures that nowadays go through digitization. To progress with patient referrals, some HIT companies have been equipped with software and services among others. Many healthcare institutions have begun utilizing these instruments to make their day-to-day activities more time-efficient, error-free, and well-structured. 

Numerous diseases are often in old age. An effective referral system plays a vital role in ensuring the necessary level of communication and coordination between different tiers or sectors of the healthcare system, including primary care or community clinics, secondary care hospitals, and tertiary care facilities. 

In 2023, the software category had a substantial industry share, and the category is also projected to advance faster during the projection period. The development is primarily credited to the accuracy and efficacy levels that such software offers to healthcare establishments and facilities for their everyday business operations. 

In recent years, the inbound category had a substantial share of the industry, and the category is projected to advance faster, at a CAGR of 17.9%, during the projection period. Through digitalization hospitals and specialized centers are accommodating an important number of inbound referrals from multiple channels. Consequently, Effective communication and optimal processing times among health care providers mostly are the key factors just as well. 

North America is a leading developed region that has its technology-advanced healthcare infrastructure, especially in high tech. The area has seen increased awareness and uptake of technologies like remote prescribing and telehealth that operate on the principle of accessing healthcare services anywhere using digitizable information. 

The development of these technological improvements has largely been a significant driving force behind market growth in the region, with an anticipated CAGR of 17.8% for the next five years. 

SOURCE: P&S Intelligence