Press release
2025-2034 Patient Flow Management Solutions Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Patient Flow Management Solutions Market
What Is the Expected CAGR for the Patient Flow Management Solutions Market Through 2025?
The market encompassing patient flow management solutions has experienced rapid expansion lately, projected to climb from its 2024 valuation of $1.65 billion to $2.02 billion by 2025, reflecting a substantial compound annual growth rate (CAGR) of 22.4%. This past period's upward trajectory is largely fueled by the escalating need for medical services, adherence to governmental regulations and compliance standards, the ever-increasing expense of healthcare, and the imperative to boost operational effectiveness.
What's the Projected Size of the Global Patient Flow Management Solutions Market by 2029?
Anticipation surrounds the patient flow management solutions market, projecting considerable expansion in the years ahead, with its valuation set to $4.69 billion by 2029, achieving a compound annual growth rate (CAGR) of 23.4%. This upward trajectory throughout the projection timeframe will be fueled by several key factors, including the increasing implementation of artificial intelligence and machine learning technologies, the merging of telemedicine functionalities with remote monitoring systems, an intensified dedication to care models centered around the patient, the broadening of healthcare facilities in developing economies, and a heightened prioritization of data sharing capabilities across systems and analytical prowess. Furthermore, significant movements shaping this market during the forecast years encompass a transition toward care models based on value, a stronger commitment to enhancing patient involvement and overall experience, the increasing application of predictive analytics for anticipating demand, the greater employment of mobile health (mHealth) applications, and the development and integration of patient flow management solutions hosted in the cloud.
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Top Growth Drivers in the Patient Flow Management Solutions Industry: What's Accelerating the Market?
Anticipated escalation in hospital admissions is poised to stimulate expansion within the patient flow management solutions sector in the foreseeable future. The act of admitting a person to a hospital as an inpatient, necessitated by medical attention unattainable outside of an institutional setting or as an outpatient, constitutes a hospital admission. These patient flow management systems facilitate hospital entry procedures and ongoing patient care through functionalities like precise appointment setting and continuous patient location monitoring, consequently resulting in shorter delays, elevated levels of patient contentment, and a more optimal deployment of institutional assets. As an illustration, data from the National Health Service, a governmental entity in the United Kingdom, indicated that hospital admissions attributed to smoking ed an estimated 408,700 during 2022-23, marking an increase of 4.8% from the 389,800 admissions logged in 2021-22, as of December 2023. Consequently, this upward trend in the volume of hospital admissions serves as a key factor fueling the maturation of the market for patient flow management technologies.
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What Trends Will Shape the Patient Flow Management Solutions Market Through 2029 and Beyond?
Key players within the patient flow management solutions industry are concentrating their efforts on creating novel offerings, specifically those incorporating advanced healthcare data functionalities, with the goal of enhancing both equity among patients and the overall effectiveness of patient management. These healthcare data capabilities encompass the skills necessary to gather, retain, scrutinize, and graphically represent health-related information pertaining to both individuals and larger demographic groups. As an illustration, in November of 2022, Google Cloud, an American software corporation, introduced three fresh Healthcare Data Engine (HDE) accelerators designed to facilitate smoother patient throughput and more insightfully examine population health indicators, ultimately contributing to improved value-based care delivery. Their overarching objective is to supply mechanisms that empower healthcare entities to refine how patients move through the system, establish linkages between patients and local support services, and fully utilize datasets concerning social determinants of health (SDOH). This particular accelerator empowers health networks by bringing various metrics related to facility performance to the forefront, allowing them to discern patterns, oversee patient admissions and transfers, control the duration of hospital stays, and concurrently enhance the management of departmental resource allocation.
What Are the Main Segments in the Patient Flow Management Solutions Market?
The patient flow management solutionsmarket 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 Top Companies are Driving Growth in the Patient Flow Management Solutions Market?
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 Will Dominate the Patient Flow Management Solutions Market Through 2029?
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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