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Future of the Patient Flow Management Solutions Market: Strategic Analysis and Forecast to 2034
Patient Flow Management Solutions
Patient Flow Management Solutions Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the market size for patient flow management solutions has witnessed a substantial growth. It is forecasted to rise from a value of $1.65 billion in 2024 to $2.04 billion in 2025, with a compound annual growth rate (CAGR) of 23.3%. The observed growth in the historic period is a result of a surge in the demand for healthcare services, regulatory obligations and compliance necessities, escalating healthcare expenses, and the imperative for operational proficiency.
Patient Flow Management Solutions Market Size Forecast: What's the Projected Valuation by 2029?
In the coming few years, the market size of patient flow management solutions is set to witness a substantial upsurge, escalating to $4.76 billion in 2029 with a compound annual growth rate (CAGR) of 23.6%. This projected upswing in the forecasted period can be linked to factors such as the incorporation of artificial intelligence and machine learning, the assimilation of telemedicine and remote monitoring services, an increased inclination towards patient-oriented care models, improved healthcare infrastructure in developing economies, and a focus on data compatibility and analytics. It is also expected that significant trends during this period will include a shift towards value-based care, prioritization of patient engagement and experience, usage of predictive analytics for demand forecasting, implementation of mobile health (mHealth) applications, and the rise of cloud-based patient flow management solutions.
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What Are the Drivers Transforming the Patient Flow Management Solutions Market?
The anticipated growth of the patient flow management solutions market is likely to be spurred by the escalating number of hospital admissions. The term "hospital admission" denotes the procedure where an individual is granted entry into a hospital as a patient due to their need for medical care which cannot be supplied at home or within an outpatient setting. Equipment like patient flow management solutions are utilized in hospital admissions and patient care to offer services such as appointing scheduling and real-time patient tracking, which results in shortened wait periods, improved patient satisfaction, and better utilization of hospital resources. For instance, in December 2023, the National Health Service, a government department in the UK, stated that there were roughly 408,700 hospital admissions due to smoking in 2022-23, an increase of 4.8% from 389,800 admissions in 2021-22. Consequently, the increasing number of hospital admissions is fuelling the growth of the patient flow management solutions market.
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What Long-Term Trends Will Define the Future of the Patient Flow Management Solutions Market?
Prominent companies in the patient flow management solutions market are concentrating on creating groundbreaking products, such as healthcare data capabilities, to enhance health equality and patient administration. Healthcare data capabilities denote the capacity to gather, keep, decipher, and demonstrate data concerning the health conditions of individuals and communities. For example, in November 2022, Google Cloud, a computer application based in the US, introduced three new Healthcare Data Engine (HDE) accelerators. These were designed to simplify patient flow management and provide more in-depth analysis of population health metrics to enhance value-oriented care. Their objective is to supply tools that help healthcare organizations refine patient flow, link patients with community resources, and utilize the social determinants of health (SDOH) dataset. This accelerator supports health systems in bringing forth a variety of efficiency metrics to observe trends and administer patient admissions, transfers, and length of stay, while maximizing departmental capacity management.
Which Segments in the Patient Flow Management Solutions Market Offer the Most Profit Potential?
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
Subsegments:
1) By Hardware: Patient Tracking Systems, Kiosks And Check-In Devices, Real-Time Location Systems (RTLS), Display Boards And Digital Signage, Mobile Devices And Tablets
2) By Software: Patient Scheduling Software, Queue Management Software, Data Analytics And Reporting Tools, Electronic Health Record (EHR) Integration Software, Telehealth Solutions
3) By Services: Consulting Services, Implementation And Integration Services, Training And Support Services, Maintenance And Upgrades, Customization Services
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Which Firms Dominate the Patient Flow Management Solutions Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the Patient Flow Management Solutions Market?
North America was the largest region in the patient flow management solutions market in 2024. 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.
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