Patient Flow Management Market: Enhances Value by Securing Sustainable Growth and it`s a Healthy Outlook of 2025

The Patient Flow Management in healthcare market was valued at US$ 452.7 million in 2017 and it is projected to reach US$ 2,126.6 million by 2025; it is expected to grow at a CAGR of 21.9% from 2017 to 2025.

The major players operating in the global 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.

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The market players are indulged into development and introduction of new products and services in the market to sustain their significance. For instance, 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.

Benefits of Reports:

- 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 growth of the Patient Flow Management in healthcare market is attributed to the rising adoption of patientcentric approach by healthcare providers and shortage of nursing staff and doctors.

-The market is likely to experience challenge such as shortage of skilled IT technicians and risks associated with cyber threats are expected to limit the growth of the market during the forecast period.

The Patient Flow Management in healthcare market is expected to witness substantial growth post-pandemic. The Patient Flow Management in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide.

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The report segments the global patient flow management market as follows:

- By Product

Integrated
Standalone

- By Type

Real-time locating systems
Event-Driven Patient Tracking Market

- By Component

Software
Hardware
Services
Consulting Services
Post-Sale & Maintenance Services
Ongoing IT Support & Implementation Services

- By Delivery Mode

Cloud Base
On-Premise
Web-Based

According to the data published by Association of American Medical Colleges (AAMC), the US is expected to face a shortage of up to 120,000 physicians by 2030, impacting patient care across the nation. Other statistics reported by FirstQuoteHealth in June 2018 show that primary physicians have a projected lack be in the vicinity of 8,700 and 43,100 by 2030. Additionally, the country also faces a huge shortage of nursing staff owing to an influx of patients into our health system, the retirement of baby boomers. The burden of resource shortage impacts nurses working in the profession due to piling up of the work. The rising shortage translates into increased wait time for patients, higher risks of mistakes and inappropriate personal attention to the patients in the hospitals.

Market Insights:

Product-Based Insights

In terms of product, the Patient Flow Management in healthcare market is segmented into integrated, standalone. In 2017, the adult patient simulator segment held a largest market share of 68.2% of the patient flow management, by product. This segment is also expected to dominate the market in 2025, by product as these systems are easily accessible and are convenient solutions.

Type-Based Insights

Based on type, the Patient Flow Management in healthcare market is segmented into real-time locating systems, event-driven patient tracking. In 2017, the event-driven patient tracking segment held a largest market share of 92.2% of the patient flow management market, by type.

Component-Based Insights

In terms of component, the Patient Flow Management in healthcare market is segmented into software, hardware, and services. Software segment is anticipated to grow at a CAGR of 23.4% during the forecast period.

Delivery Mode-Based Insights

In terms of delivery mode, the Patient Flow Management in healthcare market is segmented into on premise, cloud based, web based. In 2017, the web-based segment held a largest market share of 42.6% of the flow management market, by delivery mode.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.