Patient Throughput and Capacity Management Market to Reach $2.1 Billion by 2034, Growing at a 4.9% CAGR

It is anticipated that the market for patient throughput and capacity management would grow to US$ 1,312.1 million by 2024. By 2034, the market is expected to reach a valuation of US$ 2,115.6 million at a compound annual growth rate of 4.9%. The number of patients has significantly increased worldwide as a result of growing rates of disease, accidents, and injuries. Every year, road accidents cause between 20 and 50 million injuries or incapacitate or kill people, according to the Association for Safe International Road Travel (ASRHT).

According to the World Health Organization (WHO), the leading cause of death globally is chronic diseases. Even with these numbers, there is still a mismatch between supply and demand since medical staff and hospital beds are not expanding at the same rates. It may be effectively managed using solutions for patient throughput and capacity management. Thus, it is projected that increasing patient numbers worldwide would sustain the global market for patient throughput and capacity management until 2034.

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The growing need for effective healthcare services is a major driver of the worldwide patient throughput and capacity management market share. Healthcare providers are being prompted by this to improve patient flow and overall capacity management. Another important driver propelling market progress is the incorporation of cutting-edge technologies like real-time positioning systems and predictive analytics. This makes it possible for medical facilities to speed processes, anticipate patient needs, and increase overall operational efficiency.

Key Companies Profiled:
• STANLEY Healthcare
• Awarepoint Corporation
• Sonitor Technologies, Inc.
• McKesson Corporation
• Central Logic
• CERNER CORPORATION
• Care Logistics LLC
• TeleTracking Technologies, Inc.
• Allscripts

It's critical for hospitals and other healthcare service providers to manage their existing resources. The need for patient throughput and capacity management solutions is growing due to an increase in inpatients and a shortage of personnel. Hospitals must maximize their utilization of resources in order to improve patient care and boost revenue. In these situations, hospital revenue and productivity are enhanced.

The increasing focus on patient-centered care has a favorable effect on adoption of capacity management as well as patient throughput. Creating a seamless and enjoyable patient experience is becoming increasingly important to healthcare organizations. Therefore, in order to reduce wait times, optimize resource use, and ultimately increase patient happiness, workflow optimization is being given top priority.
Barriers in the Patient Flow and Capacity Management Sector
The benefits of patient throughput and capacity management services are not well understood in developing nations, despite the fact that developed nations use these services rather often.

Their high initial costs are the second major issue preventing these services from being widely adopted. Thus, during the projected period, worries about high costs and ignorance are expected to obstruct market development. A further obstacle impeding market expansion for patient throughput and capacity management is the dynamic regulatory environment. Regulations pertaining to healthcare are dynamic, and maintaining compliance necessitates ongoing process and technological investment as well as adaptability.

In the US, patient stays in hospitals are reduced because to patient throughput and capacity management technologies that enable more prompt and effective patient care. The fastest possible patient release from the hospital is made possible by this system, which keeps track of clinical data about patients and assigns the nearest doctor, nurse, or other caregiver. As a result, during the predicted timeframe, shorter hospital stays are expected to drive the country's product demand.

The market for patient throughput and capacity management is expected to be propelled by the increasing use of clinical workflow automation by US healthcare organizations. For example, healthcare companies in the United States are increasingly using clinical (CWA) software to enhance patient outcomes, save costs, and boost productivity. According to a poll conducted by international hospital Becker's Healthcare and healthcare business OmniLife Health, which revealed its findings on March 1, 2023, this is specifically the case in complex medical conditions. In 2024, the United States is anticipated to have 78.2% of the market share.

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Competitive Analysis

Market participants are vying for supremacy in the dynamic fields of capacity management and patient throughput by employing innovative tactics. Real-time data analytics is highly valued by many as a means of increasing hospital productivity. Some optimize resource allocation and accelerate patient flow with AI-powered technologies.

Interoperability is a remarkable tactic that facilitates accessible communication across various healthcare systems. Patient-centric strategies, which emphasize customized care and treatment, are another area of strategic focus. The last aspect is the requirement for scalable systems that can handle different sized facilities. The companies in the patient throughput and capacity management industries are in fierce rivalry with one another as they all aim to use their strategic plans to change the way healthcare is delivered.

Latest Advancements

• Top medical equipment manufacturer Siemens Healthineers and industry leader LeanTaaS, which provides AI-powered and SaaS-based staffing, capacity management, and patient flow software for healthcare facilities, forged a new strategic alliance in April 2023. Per the terms of the agreement, this collaboration will support the attainment of objectives, such as increased revenue growth for large hospitals and health systems inside the Siemens Healthineers network and improved accessibility for patients, staff, and physicians.

• SAS, an artificial intelligence and analytics company, launched a new cutting-edge healthcare platform in September 2023 that is intended to improve data governance, accelerate patient insights, and streamline the administration of health data. Thanks to an end-to-end corporate analytics and data automation solution, healthcare providers, insurers, and public health organizations will have the flexibility and speed necessary to spearhead medical advancements that can improve patient outcomes and experience.

Segmentation of Patient Throughput and Capacity Management Market Research

• By Solution Type:
Standalone Solutions
Integrated Solutions
• By Delivery Mode:
On-Premise
Cloud-based
• By Region:
North America
East Asia
East Asia
South Asia and Pacific
Western Europe
Eastern Europe
The Middle East and Africa

This growth is driven by the increasing demand for efficient healthcare services and the need to optimize hospital operations. As healthcare systems continue to face challenges in managing patient flow and capacity, innovative solutions in this market will be crucial in enhancing hospital efficiency, reducing wait times, and improving patient outcomes.

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This release was published on openPR.