The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global referral management market is expected to grow from $3.33 billion in 2022 to $3.96 billion in 2023 at a compound annual growth rate (CAGR) of 18.9%. The referral management market size is expected to grow to $7.43 billion in 2027 at a CAGR of 17.1%.

North America held the largest referral management market share, and Asia-Pacific was the fastest-growing region in 2022.

Referral Management Market Driver
Government initiatives to integrate IT solutions into healthcare systems are projected to drive the referral management industry forward. Government initiatives are actions taken by the government. It is a significant act or declaration aimed to remedy public concerns. Information technology is crucial in the healthcare industry because it aids in the delivery of more accurate, actionable, and accessible patient health information. According to Health care news, an India-based healthcare publication, the Indian government will launch its latest digital health project, Ayushman Bharat Digital Health Mission, in 2021. The Indian government intends to digitalize India’s health infrastructure through this initiative. Furthermore, the Ministry of Health and Family Welfare has allotted $11.5 billion in the union budget for the construction of this project in 2021. As a result, government measures to integrate IT solutions into healthcare systems are propelling the referral management industry forward.

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Prominent Referral Management Market Trend
In the referral management industry, new product developments have emerged as a significant trend that is gaining traction. To meet consumer demand and strengthen their position, major firms in the referral management market are developing new product improvements. For example, Change Healthcare, a US-based firm that provides patent referral management software, will launch a new referral management application called Connected Consumer Health in June 2020. This is a Virtual Front Desk application that allows patients and workers to check in without touching anything. It is used for direct online check-in and forms that help communicate when patients should enter the facility. It also aids in the storage of the patients’ previous medical history.

Referral Management Market Prominent Players
Major players in the referral management market are Allscripts Healthcare LLC, Careport Health, Advisory Board, Ehealth Technologies, Kyruus, Arcadia Data Inc., Dental Care Links, Mckesson Corporation, ReferralMD, Keet Health, Change Healthcare, Conifer Health Solutions LLC, Fibroblast Inc., and L3Harris Technologies Inc.

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Key Referral Management Market Segments
The global referral management market is segmented –
1) By Type: Self-Referral, Professional-Referral, Third Party-Referral
2) By Component: Software, Services
3) By Delivery Mode: Web-Based Delivery Mode, Cloud-Based Delivery Mode, On-Premise Delivery Mode
4) By End User: Provider, Payer, Other End Users

The Referral Management Global Market Report 2023  provides a comprehensive overview on the referral management market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the referral management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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