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Patient Flow Management Solutions Market Growth Analysis, Trends, Share, Market Size And Forecast To 2033
Patient Flow Management Solutions Market
Patient Flow Management Solutions Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.84 billion In 2028 At A CAGR Of 23.5% :
The patient flow management solutions market size has grown exponentially in recent years. It will grow from $1.33 billion in 2023 to $1.65 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.
The patient flow management solutions market size is expected to see exponential growth in the next few years. It will grow to $3.84 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to adoption of artificial intelligence and machine learning, integration of telemedicine and remote monitoring solutions, growing focus on patient-centered care models, expansion of healthcare infrastructure in emerging markets, and emphasis on data interoperability and analytics. Major trends in the forecast period include shift towards value-based care, emphasis on patient engagement and experience, rise of predictive analytics for demand forecasting, utilization of mobile health (mHealth) applications, and emergence of cloud-based patient flow management solutions.
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Patient Flow Management Solutions Market Major Segments
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
Key Driver - Impact Of Rising Hospital Admissions On The Growth Of Patient Flow Management Solutions Market
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.
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Prominent Trend - Innovative Solutions In Patient Flow Management With A Focus On Healthcare Data Capabilities For Improved Equity And Efficiency
Major companies operating in the patient flow management solutions market are focusing on developing innovative products, such as healthcare data capabilities, to improve health equity and patient management. Healthcare data capabilities refer to the ability to collect, store, analyze, and visualize data related to the health of individuals and populations. For instance, in November 2022, Google Cloud, a US-based computer application, launched three new Healthcare Data Engine (HDE) accelerators to help streamline patient flow management and better analyze population health metrics to improve value-based care. They aim to provide tools to enable healthcare organizations to improve patient flow, connect patients to community resources, and leverage the social determinants of health (SDOH) dataset. This accelerator enables health systems to surface a range of facility efficiency metrics to identify trends and manage patient admissions, transfers, and length of stay while optimizing departmental capacity management.
Patient Flow Management Solutions Market 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.
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Largest And Fastest Growing Region In The Market
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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Patient Flow Management Solutions Market Report Structure
3. Patient Flow Management Solutions Market Trends And Strategies
4. Patient Flow Management Solutions Market - Macro Economic Scenario
5. Patient Flow Management Solutions Market Size And Growth
…..
27. Patient Flow Management Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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