Patient Flow Management Solutions Market Growth Drivers, Strategic Analysis, Market Share And Forecast To 2033
Posted by Sushmitha on May 15th, 2024
Overview and Scope
Patient flow management solutions refer to technology and strategies that optimize the movement of patients within healthcare facilities, from initial registration to discharge. Patient flow management solutions are crucial for healthcare organizations to improve efficiency and enhance the patient experience.
Sizing and Forecast
The patient flow management solutions market size has grown exponentially in recent years. It will grow from .33 billion in 2023 to .65 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to increasing demand for healthcare services, regulatory mandates and compliance requirements, rising healthcare costs, and need for operational efficiency.
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Segmentation & Regional Insights
The patient flow management solutions market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Type: Event-Driven Patient Tracking, Real-Time Locating Systems
3) By Product: Integrated, Standalone
4) By Delivery Mode: Web-Based, On-Premise, Cloud-Based
5) By End User: Hospitals, Clinics, Other End Users
North America was the largest region in the patient flow management solutions market in 2023. The regions covered in the patient flow management solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising number of hospital admissions is expected to propel the growth of the patient flow management solutions market going forward. Hospital admission refers to the process of allowing someone to enter a hospital as a patient because they need medical care that cannot be provided at home or in an outpatient setting. Patient flow management solutions are used in hospital admissions and patient care for providing services such as appointment scheduling and real-time patient tracking, leading to reduced wait times, improved patient satisfaction, and more efficient use of hospital resources. For instance, in December 2023, according to the National Health Service, a UK-based government department, there were an estimated 408,700 hospital admissions due to smoking in 2022–23 from 389,800 in 2021–22, representing an increase of 4.8%. Therefore, the rising number of hospital admissions is driving the growth of the patient flow management solutions market.
Key Industry Players
Major companies operating in the patient flow management solutions market report are McKesson Corporation, Stanley Black & Decker Inc., Cerner Corporation, Epic Systems Corporation, Hospira, Hill-Rom Holdings Inc., Getinge AB, Allscripts Healthcare Solutions Inc., Aptean Inc., Ascom Holding AG, Care Logistics LLC, TeleTracking Technologies, CarePort Health LLC, ProModel Corporation, AirStrip Technologies, Central Logic Inc., Qventus, Awarepoint Corporation, Novari Health, CirrusMD Inc., Intelligent Insites Inc., Sonitor Technologies Inc., CENTRALSQUARE, Vizzia Technologies, SeamlessMD, Rapid Healthcare, Medworxx Solutions Inc.
The patient flow management solutions market report table of contents includes:
1. Executive Summary
2. Patient Flow Management Solutions Market Characteristics
3. Patient Flow Management Solutions Market Trends And Strategies
4. Patient Flow Management Solutions Market - Macro Economic Scenario
5. Global Patient Flow Management Solutions Market Size and Growth
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32. Global Patient Flow Management Solutions Market Competitive Benchmarking
33. Global Patient Flow Management Solutions Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Patient Flow Management Solutions Market
35. Patient Flow Management Solutions Market Future Outlook and Potential Analysis
36. Appendix
