Press release
Patient Flow Management Market Outlook to 2025: Intelligent In Sites, Aptean, Teletracking Technologies, Inc., Central Logic, Allscripts Healthcare Solutions, Inc., Sonitor Technologies, McKesson Corporation, Care Logistics, Epic Systems Corporation
Patient Flow Management Market to 2025
In 2017, the standalone segment held a largest market share of 68.1% of the patient simulators, by product. This segment is also expected to dominate the market in 2025. The growth of the market is primarily attributed to the existing large use of standalone systems as these systems are can easily be monitored as well as offers freedom of complete access to all facets. However, the integrated segment is expected to grow with the fastest growth rate of 22.6% during the forecast period, 2018 to 2025.
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Patient flow management market to 2025 - North America Analysis and Forecasts by Product, Type, Component and Delivery Mode. The North America patient flow management market is expected to grow from US$ 218.24 Mn in the year 2017 and is expected to reach US$ 1028.23 Mn by 2025 growing at a CAGR of 21.9% over the forecast period. The report highlights the trends prevalent in the North America patient flow management market and the factors driving the market along with those that act as deterrents to its growth.
Patient flow management is a central-server software solution that provides patient reception, queuing, routing and interaction management tools to the clinics and departments. The system allows to handle all the aspects of patient flow such as routing, reception, triage, treatment, payment, preparation and administration. The patient flow management helps to manage waiting rooms and treatment rooms. It synchronizes back-office workflow that helps to inform the family members and patients during long procedures.
Key factors driving the market are rising adoption of patient centric approach by healthcare providers in the region and shortage of nursing and physician staff. However, lack of skilled IT professionals to develop these solutions and risks associated with cyber-threats with the use of these management solutions leading to data breach are anticipated to be the factors restraining the market growth.
The major players operating in the North America patient flow management market include McKesson Corporation, Care Logistics, Epic Systems Corporation, Intelligent In Sites, Aptean, Cerner Corporation, Teletracking Technologies, Inc., Central Logic, Allscripts Healthcare Solutions, Inc., and Sonitor Technologies among others. The market players are indulged into development and introduction of new products and services in the market to sustain their significance.
Key Developments in the Market:
• In April 2016, Care Logistics announced the availability of the Target LOS Tool. The tool is a web based program that assists hospital admissions staff quickly and easily allocate correct patient DRGs and lengths-of-stay targets, helping ensure appropriate care and reimbursements. The developments performed by the companies are helping the market to grow in the coming years.
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The report segments the North America patient flow management market as follows:
North America Patient Flow Management Market - By Product
• Integrated
• Standalone
North America Patient Flow Management Market - By Type
• Real-time locating systems
• Event-Driven Patient Tracking Market
North America Patient Flow Management Market - By Component
• Software
• Hardware
• Services
• Consulting Services
• Post-Sale & Maintenance Services
• Ongoing IT Support & Implementation Services
North America Patient Flow Management Market - By Delivery Mode
• Cloud Base
• On-Premise
• Web-Based
North America Patient Flow Management Market - By Geography
• North America
• US
• Canada
• Mexico
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