Patient Throughput and Capacity Management Analysis By Manufacturers STANLEY Healthcare, Awarepoint, Sonitor Technologies, McKesson

Capacity management refers to practice of ensuring business optimizes its potential activities and production output at all times under any circumstances. The capacity management aids in evaluating how much companies can produce, achieve or sell within a time period. Capacity management deals with the regulation of performance engineering during the requirements and design activities of building systems. It also interacts during performance supervision as an input for managing capacity of deployed systems. Furthermore, patient throughput or flow refers to the movement of patient through healthcare facility. It includes physical resources, medical care, and internal systems required to proceed patients from the admission point to the discharge point and maintain the quality and patient/customer satisfaction at the same time.

The global patient throughput & capacity management market was valued at US$ 956.6 Mn in 2019, and is expected to grow at a CAGR of 5 % during the forecasted period (2019-27).

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Market Dynamics- Driver

Increasing patient pool in hospitals and nursing homes is expected to drive growth of the global patient throughput & capacity management market during the forecast period
Increasing incidences of accidents, disease, and trauma worldwide have increased the patient pool significantly. According to the Association for Safe International Road Travel (ASRHT), around 20-50 million people are injured or disabled annually in road accidents. According to the same source, road traffic crashes are the 9th leading cause of death, which accounts for 2.2% of deaths globally.

Increasing number of in-patients combined with insufficient resources has increased the need for patient throughput and capacity management solutions. Hospitals are required to maximize the use of resources, in order to provide better patient care and generate more revenue. In such situations, patient throughput and capacity management enhance hospital's efficiency and revenue. These solutions are offers in different modules such as assets and bed management, real-time location tracker, and patient flow tracker. Moreover, advancements in technology and inclusion of user-friendly features are expected to support growth of the global patient throughput & capacity management market over the forecast period.

North America region dominated the global patient throughput & capacity management market in 2019, accounting for 55.2% share in terms of value, followed by Europe and Asia Pacific, respectively.

Key Developments

Major market players are involved in product and service launches, in order to enhance their market presence. For instance, in October 2016, STANLEY Healthcare introduced its new web-based management dashboard for areal emergency call platform, which harnesses the power of real-time visual analytics to give executive directors and others a comprehensive overview of how their community or network is performing against key benchmarks for resident safety and security.

Key companies in the market are focused on product and service launches, in order to expand their product portfolio. For instance, in February 2019, TeleTracking Technologies, Inc., a U.S.-based technology company, introduced next-generation platform capabilities with patient access and analytics solutions at HIMSS19.

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