Global Referral Management Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023

  • ID: 4395114
  • Report
  • Region: Global
  • 190 Pages
  • Occams Business Research and Consulting
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The Global Referral Management Market is Expected to Rise at a CAGR of 22% During 2016-2023

FEATURED COMPANIES

  • Cerner Corporation (U.S.)
  • Eceptionist, Inc.  (U.S.)
  • Harris Corporation (U.S.)
  • Kyruus, Inc. (U.S.)
  • Referralmd (U.S.)
  • MORE

Referral management is a tool which is being widely used in the hospitals, clinics and other healthcare institution in order to manage and track patient information. The global referral management market is expected to rise at a CAGR of 22% during the forecast period 2016-2023. The referral management system offers many advantages such as less lead time, good operational efficiency, low latency time, quick completion of services and facilitates efficient information sharing.

North America is the leading market region for global referral management market in terms of market revenue share and had accounted for largest revenue in 2016. The key factor driving the growth of North American referral management market is the supportive government initiatives in order to encourage adoption of referral management services and solutions directly and indirectly. Moreover, the constant requirement for the reduction of healthcare expenditure has led to increased adoption of referral management platforms in North America. However, Asia Pacific is expected be the fastest growing market region owing to the availability of skilled IT professionals, increased adoption of the Human-Computer Interaction Technology (HCIT) technology, etc. which would provide significant contribution to the growth of Asia Pacific referral management market.

The global referral management market is influenced by the presence of leading companies such as Allscripts healthcare solutions, Inc., Cerner Corporation, Eceptionist Inc., Kyruus, Inc., McKesson Corporation and others. Product launch, joint venture, mergers and acquisition are some of the crucial strategies adopted by the key market players to gain competitive advantage.

Global referral management market report covers segmentation analysis of type, components, delivery modes and end users. Report further covers segments of type which includes self-referrals, professional referrals and third-party referrals. The professional referral is the leading type segment due to its increased adoption in the small and medium enterprises. Report further covers segments of component which includes software and services. The software is the leading component segment, as referral management software is being extensively used due to its advantages such as reduced referral leakage, enhanced completion rates etc. Report further covers segments of delivery modes which includes web-based, cloud-based and on-premise. The cloud based delivery mode is the leading segment due to the increased adoption of cloud platforms and services in the organisations.



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FEATURED COMPANIES

  • Cerner Corporation (U.S.)
  • Eceptionist, Inc.  (U.S.)
  • Harris Corporation (U.S.)
  • Kyruus, Inc. (U.S.)
  • Referralmd (U.S.)
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology
 
2. Market Overview
2.1. Global Referral Management Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top 5 Findings
2.5.2. Top 5 Opportunity Markets
2.5.3. Top 5 Companies
2.5.4. Top 3 Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.7.1. Investment Vs. Adoption Model
2.7.2. 360-Degree Industry Analysis
2.7.3. Porters 5 Force Model
2.7.4. See-Saw Analysis
2.7.5. Consumer Analysis And Key Buying Criteria
2.8. Competitive Analysis
2.8.1. Key Strategies & Analysis
2.8.2. Market Share Analysis And Top Company Analysis
2.9. Strategic Recommendations & Key Conclusions
2.9.1. Investment Opportunities By Regions
2.9.2. Opportunities in Emerging Applications
2.9.3. Investment Opportunity in Fastest Growing Segment
 
3. Market Determinants
3.1. Market Drivers
3.1.1. Increasing Government Initiatives to Incorporate It Solutions in Healthcare
3.1.2. Automated Referral Processes Prevent Information Leaks
3.1.3. Rise in Aging Population And Incidence of Chronic Diseases
3.1.4. Benefits Offered By Referral Management
3.2. Market Restraints
3.2.1. Protection of Patient Information
3.2.2. Lack of Skilled Healthcare It Professionals
3.3. Market Opportunities
3.3.1. Cloud-Based Models a Significant Growth Opportunity
3.3.2. Infrastructure in Asia-Pacific Region
3.4. Market Challenges
3.4.1. Increasing Cyber Attacks
3.4.2. Referral Management Solutions Fail to Reduce Outpatient Attendance
 
4. Market Segmentation
4.1. Global Referral Management Market By Type
4.1.1. Market Definition And Scope
4.1.2. Decision Support Database & Estimation Methodology
4.1.3. Comparative Analysis Across Market Segments
4.1.4. Opportunity Matrix
4.1.5. Market Segmentation
4.1.5.1. Global Self-Referral Market
4.1.5.1.1. Adoption Scenario & Market Determinants
4.1.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.1.3. Top Players & Key Products
4.1.5.1.4. Key Conclusions
4.1.5.2. Global Professional-Referral Market
4.1.5.2.1. Adoption Scenario & Market Determinants
4.1.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.2.3. Top Players & Key Products
4.1.5.2.4. Key Conclusions
4.1.5.3. Global Third Party-Referral Market
4.1.5.3.1. Adoption Scenario & Market Determinants
4.1.5.3.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.3.3. Top Players & Key Products
4.1.5.3.4. Key Conclusions
4.2. Global Referral Management Market By Component
4.2.1. Market Definition And Scope
4.2.2. Decision Support Database & Estimation Methodology
4.2.3. Comparative Analysis Across Market Segments
4.2.4. Opportunity Matrix
4.2.5. Market Segmentation
4.2.5.1. Global Software Market
4.2.5.1.1. Adoption Scenario & Market Determinants
4.2.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.1.3. Top Players & Key Products
4.2.5.1.4. Key Conclusions
4.2.5.2. Global Services Market
4.2.5.2.1. Adoption Scenario & Market Determinants
4.2.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.2.3. Top Players & Key Products
4.2.5.2.4. Key Conclusions
4.3. Global Referral Management Market By Mode of Delivery
4.3.1. Market Definition And Scope
4.3.2. Decision Support Database & Estimation Methodology
4.3.3. Comparative Analysis Across Market Segments
4.3.4. Opportunity Matrix
4.3.5. Market Segmentation
4.3.5.1. Global Web-Based Delivery Mode Market
4.3.5.1.1. Adoption Scenario & Market Determinants
4.3.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.3.5.1.3. Top Players & Key Products
4.3.5.1.4. Key Conclusions
4.3.5.2. Global Cloud-Based Delivery Mode Market
4.3.5.2.1. Adoption Scenario & Market Determinants
4.3.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.3.5.2.3. Top Players & Key Products
4.3.5.2.4. Key Conclusions
4.3.5.3. Global On-Premise Delivery Mode Market
4.3.5.3.1. Adoption Scenario & Market Determinants
4.3.5.3.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.3.5.3.3. Top Players & Key Products
4.3.5.3.4. Key Conclusions
4.4. Global Referral Management Market By End User
4.4.1. Market Definition And Scope
4.4.2. Decision Support Database & Estimation Methodology
4.4.3. Comparative Analysis Across Market Segments
4.4.4. Opportunity Matrix
4.4.5. Market Segmentation
4.4.5.1. Global Providers Market
4.4.5.1.1. Adoption Scenario & Market Determinants
4.4.5.1.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.1.3. Top Players & Key Products
4.4.5.1.4. Key Conclusions
4.4.5.2. Global Payers Market
4.4.5.2.1. Adoption Scenario & Market Determinants
4.4.5.2.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.2.3. Top Players & Key Products
4.4.5.2.4. Key Conclusions
4.4.5.3. Global Patients Market
4.4.5.3.1. Adoption Scenario & Market Determinants
4.4.5.3.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.3.3. Top Players & Key Products
4.4.5.3.4. Key Conclusions
4.4.5.4. Global Others Market
4.4.5.4.1. Adoption Scenario & Market Determinants
4.4.5.4.2. Market Estimations And Forecasts 2014-2023 ($ Million)
4.4.5.4.3. Top Players & Key Products
4.4.5.4.4. Key Conclusions
 
5. Competitive Landscape
5.1. Key Strategies
5.1.1. List of Mergers And Acquisition
5.1.2. List of Joint Ventures
5.1.3. List of Product Launches
5.1.4. List of Partnerships
 
6. Geographical Analysis
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4. Global Referral Management Market By Region 2014-2023 ($ Million)
6.4.1. North America
6.4.1.1. Industry Analysis 2014-2023 ($ Million)
6.4.1.2. Top Country Analysis
6.4.1.2.1. U.S.
6.4.1.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.1.2.1.2. Top Players & Key Products
6.4.1.2.1.3. Key Conclusions
6.4.1.2.2. Canada
6.4.1.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.1.2.2.2. Top Players & Key Products
6.4.1.2.2.3. Key Conclusions
6.4.2. Europe
6.4.2.1. Industry Analysis 2014-2023 ($ Million)
6.4.2.2. Top Country Analysis
6.4.2.2.1. Uk
6.4.2.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.1.2. Top Players & Key Products
6.4.2.2.1.3. Key Conclusions
6.4.2.2.2. France
6.4.2.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.2.2. Top Players & Key Products
6.4.2.2.2.3. Key Conclusions
6.4.2.2.3. Germany
6.4.2.2.3.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.3.2. Top Players & Key Products
6.4.2.2.3.3. Key Conclusions
6.4.2.2.4. Spain
6.4.2.2.4.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.4.2. Top Players & Key Products
6.4.2.2.4.3. Key Conclusions
6.4.2.2.5. Rest of Europe
6.4.2.2.5.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.2.2.5.2. Top Players & Key Products
6.4.2.2.5.3. Key Conclusions
6.4.3. Asia Pacific
6.4.3.1. Industry Analysis 2014-2023 ($ Million)
6.4.3.2. Top Country Analysis
6.4.3.2.1. China
6.4.3.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.1.2. Top Players & Key Products
6.4.3.2.1.3. Key Conclusions
6.4.3.2.2. India
6.4.3.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.2.2. Top Players & Key Products
6.4.3.2.2.3. Key Conclusions
6.4.3.2.3. Japan
6.4.3.2.3.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.3.2. Top Players & Key Products
6.4.3.2.3.3. Key Conclusions
6.4.3.2.4. Australia
6.4.3.2.4.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.4.2. Top Players & Key Products
6.4.3.2.4.3. Key Conclusions
6.4.3.2.5. Rest of Asia Pacific
6.4.3.2.5.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.3.2.5.2. Top Players & Key Products
6.4.3.2.5.3. Key Conclusions
6.4.4. Row
6.4.4.1. Industry Analysis 2014-2023 ($ Million)
6.4.4.2. Top Country Analysis
6.4.4.2.1. Latin America
6.4.4.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.4.2.1.2. Top Players & Key Products
6.4.4.2.1.3. Key Conclusions
6.4.4.2.2. Middle East & Africa
6.4.4.2.2.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.4.2.2.2. Top Players & Key Products
6.4.4.2.2.3. Key Conclusions
 
7. Company Profiles
7.1. Allscripts Healthcare Solutions, Inc. (U.S.)
7.1.1. Overview
7.1.2. Product Portfolio
7.1.3. Strategic Initiatives
7.1.4. Scot Analysis
7.1.5. Strategic Analysis
7.2. Cerner Corporation (U.S.)
7.2.1. Overview
7.2.2. Product Portfolio
7.2.3. Strategic Initiatives
7.2.4. Scot Analysis
7.2.5. Strategic Analysis
7.3. Clarity Health Service, Inc. (U.S.)
7.3.1. Overview
7.3.2. Product Portfolio
7.3.3. Strategic Initiatives
7.3.4. Scot Analysis
7.3.5. Strategic Analysis
7.4. Eceptionist, Inc. (U.S.)
7.4.1. Overview
7.4.2. Product Portfolio
7.4.3. Strategic Initiatives
7.4.4. Scot Analysis
7.4.5. Strategic Analysis
7.5. Ehealth Technologies, Inc. (U.S.)
7.5.1. Overview
7.5.2. Product Portfolio
7.5.3. Strategic Initiatives
7.5.4. Scot Analysis
7.5.5. Strategic Analysis
7.6. Etransmedia Technologies, Inc. (U.S.)
7.6.1. Overview
7.6.2. Product Portfolio
7.6.3. Strategic Initiatives
7.6.4. Scot Analysis
7.6.5. Strategic Analysis
7.7. Harris Corporation (U.S.)
7.7.1. Overview
7.7.2. Product Portfolio
7.7.3. Strategic Initiatives
7.7.4. Scot Analysis
7.7.5. Strategic Analysis
7.8. Kyruus, Inc. (U.S.)
7.8.1. Overview
7.8.2. Product Portfolio
7.8.3. Strategic Initiatives
7.8.4. Scot Analysis
7.8.5. Strategic Analysis
7.9. Mckesson Corporation (U.S.)
7.9.1. Overview
7.9.2. Product Portfolio
7.9.3. Strategic Initiatives
7.9.4. Scot Analysis
7.9.5. Strategic Analysis
7.10. Persistent Systems (India)
7.10.1. Overview
7.10.2. Product Portfolio
7.10.3. Strategic Initiatives
7.10.4. Scot Analysis
7.10.5. Strategic Analysis
7.11. Referralmd (U.S.)
7.11.1. Overview
7.11.2. Product Portfolio
7.11.3. Strategic Initiatives
7.11.4. Scot Analysis
7.11.5. Strategic Analysis
7.12. Streamlined Medical Solutions (U.S.)
7.12.1. Overview
7.12.2. Product Portfolio
7.12.3. Strategic Initiatives
7.12.4. Scot Analysis
7.12.5. Strategic Analysis
7.13. the Advisory Board Company (U.S.)
7.13.1. Overview
7.13.2. Product Portfolio
7.13.3. Strategic Initiatives
7.13.4. Scot Analysis
7.13.5. Strategic Analysis
7.14. Vantage Referral Management (Uk)
7.14.1. Overview
7.14.2. Product Portfolio
7.14.3. Strategic Initiatives
7.14.4. Scot Analysis
7.14.5. Strategic Analysis
7.15. Patient Placement Systems (U.S.)
7.15.1. Overview
7.15.2. Product Portfolio
7.15.3. Strategic Initiatives
7.15.4. Scot Analysis
7.15.5. Strategic Analysis
 
List of Tables
1. Global Referral Management Market By Type 2014-2023 ($ Million)
2. Global Self-Referral Market By Geography 2014-2023 ($ Million)
3. Global Professional-Referral Market By Geography 2014-2023 ($ Million)
4. Global Third Party-Referral Market By Geography 2014-2023 ($ Million)
5. Global Referral Management Market By Component 2014-2023 ($ Million)
6. Global Software Market By Geography 2014-2023 ($ Million)
7. Global Services Market By Geography 2014-2023 ($ Million)
8. Global Referral Management Market By Mode of Delivery 2014-2023 ($ Million)
9. Global Web-Based Delivery Mode Market By Geography 2014-2023 ($ Million)
10. Global Cloud-Based Delivery Mode Market By Geography 2014-2023 ($ Million)
11. Global On-Premise Delivery Mode Market By Geography 2014-2023 ($ Million)
12. Global Referral Management Market By End User2014-2023 ($ Million)
13. Global Providers Market By Geography 2014-2023 ($ Million)
14. Global Payers Market By Geography 2014-2023 ($ Million)
15. Global Patients Market By Geography 2014-2023 ($ Million)
16. Global Others Market By Geography 2014-2023 ($ Million)
17. North America Referral Management Market 2014-2023 ($ Million)
18. Europe Referral Management Market 2014-2023 ($ Million)
19. Asia Pacific Referral Management Market 2014-2023 ($ Million)
20. Rest of the World Referral Management Market 2014-2023 ($ Million)
 
List of Figures
1. Global Referral Management Market 2014-2023 ($ Million)
2. Global Self-Referral Market 2014-2023 ($ Million)
3. Global Professional-Referral Market 2014-2023 ($ Million)
4. Global Third Party-Referral Market 2014-2023 ($ Million)
5. Global Software Market 2014-2023 ($ Million)
6. Global Services Market 2014-2023 ($ Million)
7. Global Web-Based Delivery Mode Market 2014-2023 ($ Million)
8. Global Cloud-Based Delivery Mode Market 2014-2023 ($ Million)
9. Global On-Premise Delivery Mode Market 2014-2023 ($ Million)
10. Global Providers Market 2014-2023 ($ Million)
11. Global Payers Market 2014-2023 ($ Million)
12. Global Patients Market 2014-2023 ($ Million)
13. Global Others Market 2014-2023 ($ Million)
14. United States (U.S.) Referral Management Market 2014-2023 ($ Million)
15. Canada Referral Management Market 2014-2023 ($ Million)
16. United Kingdom (Uk) Referral Management Market 2014-2023 ($ Million)
17. France Referral Management Market 2014-2023 ($ Million)
18. Germany Referral Management Market 2014-2023 ($ Million)
19. Spain Referral Management Market 2014-2023 ($ Million)
20. Roe Referral Management Market 2014-2023 ($ Million)
21. India Referral Management Market 2014-2023 ($ Million)
22. China Referral Management Market 2014-2023 ($ Million)
23. Japan Referral Management Market 2014-2023 ($ Million)
24. Australia Referral Management Market 2014-2023 ($ Million)
25. Roapac Referral Management Market 2014-2023 ($ Million)
26. Latin America Referral Management Market 2014-2023 ($ Million)
27. Mena Referral Management Market 2014-2023 ($ Million)

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FEATURED COMPANIES

  • Cerner Corporation (U.S.)
  • Eceptionist, Inc.  (U.S.)
  • Harris Corporation (U.S.)
  • Kyruus, Inc. (U.S.)
  • Referralmd (U.S.)
  • MORE

Global referral management market to witness large market growth through 2023

Referral management platforms are being extensively used in the healthcare sector to manage patient information, facilitate seamless communication among the doctors, physicians and other healthcare professionals. The global referral management market is expected to rise at a CAGR of 22% during the forecast period 2016-2023. According to National Centre for Biotechnology Information, Referral Management Centres (RMC) is the emerging technology and  which is known for its working mechanism. It can be used as a method to reduce outpatient’s attendance. Moreover, there have been many advancements going on in the referral management technology.  This would help the patients to find doctors in their locality, their office address, know about the health insurance policies and other medical policies etc. The key market players are developing referral management software to cater best services. For instance, Referral MD had developed a referral management platform, which utilises Smart MATCH Technology. It helps the staff route patients and providers to most suitable clinician.

Increasing prevalence of chronic diseases- Growth promoter

There has been rising prevalence of chronic diseases such as cardiovascular diseases, osteoporosis, cancer, obesity, dental diseases etc. According to World Health Organization, approximately 50% of the deaths occurring due to chronic diseases, are attributable to cardiovascular diseases. However, the deaths due to diabetes and obesity are also expected to increase due to the increasing prevalence of these diseases. According to National Center for Biotechnology Information (NCBI), it has been estimated that approximately 75% of the total number of deaths in the world will be due to chronic diseases by the end of 2020. Furthermore, 71% of these deaths will be due to ischaemic heart disease (IHD). In the developing countries, 75% the deaths would be due to stroke, whereas 70% of deaths will be due to diabetes. There has been massive increase (2.5 fold increase) in the number of people suffering from diabetes in the developing nations. According to World Health Organization, the number of diabetes patients have increased from 84 million in 1995 to 422 million in 2016. . Furthermore, globally, 60% of the population residing in the developing countries would be suffering from chronic diseases. Also, the number of cases of cardiovascular diseases have been increasing in the Asia Pacific countries such as India and China due to unhealthy lifestyle of people and lack of awareness about cardiovascular diseases. According to centre of disease control and prevention, approximately 28.4 million adults were diagnosed with heart diseases in 2015 in America. In the U.S., approximately 5.7 million adults died of heart failure in 2015,  which was the leading cause of death in America in 2015 as one out of every 9 people die from heart failure.  Approximately half of the people who suffered from heart failure, are expected to die in the 5 years of diagnosis. The cost of treatment of heart diseases in America was estimated to be approximately $30.7 billion each year. According to centre of disease control and prevention, Cardiovascular disease was considered as the main cause of death. Approximately 801,000 deaths occurred in America due to cardiovascular diseases in 2016 that is about 1 out of each 3 deaths in the US.  In 2016, approximately 2,200 Americans die due to cardiovascular disease every day, it is an average of 1 death in every 40 seconds. According to centre of disease control and prevention, the death rate due to cardiovascular diseases every year was more than all other diseases such as cancer and chronic lower respiratory disease. This increasing prevalence of chronic diseases has led to the increased number of patients, which has therefore led to the increased adoption of referral management platforms.

Cloud based referral management has large opportunity market

The increased adoption of cloud platforms and services has led to the increased adoption of cloud based referral management solutions. One of the key market players, Napier Healthcare has launched its cloud-based patient referral management platform named Napier Loop in 2015. This platform is now being used by specialists, hospitals, primary healthcare providers, rehabilitation clinics etc. Napier Loop facilitates automated referral management process and utilizes cloud to facilitate seamless communication. Therefore, there is no paper work, and it has replaced phone and fax. Furthermore, SpinSys has developed its novel Referral Management System specifically for the U.S. Military Health System (MHS). It provides efficient and reliable referral management services among the health insurance providers and doctors. Therefore, the increased adoption of cloud based referral management software is expected to contribute significantly to the global referral management market growth.

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  • Allscripts Healthcare Solutions, Inc. (U.S.)
  • Cerner Corporation (U.S.)
  • Clarity Health Service, Inc.  (U.S.)
  • Eceptionist, Inc.  (U.S.)
  • Ehealth Technologies, Inc. (U.S.)
  • Etransmedia Technologies, Inc. (U.S.)
  • Harris Corporation (U.S.)
  • Kyruus, Inc. (U.S.)
  • Mckesson Corporation (U.S.)
  • Patient Placement Systems (U.S.)
  • Persistent Systems  (India)
  • Referralmd (U.S.)
  • Streamlined Medical Solutions (U.S.)
  • The Advisory Board Company  (U.S.)
  • Vantage Referral Management (UK)
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