Patient Throughput & Capacity Management Market value projected to expand by 2024

Canada is anticipated to register a healthy CAGR during the forecast period in the North America patient throughput and capacity management market

In North America, the patient throughput and capacity management market is expected to register a CAGR of 5.0% over the forecast period. The market in the region is estimated to account for more than US$ 400 Mn in 2017 and is expected to be valued in excess of US$ 600 Mn by 2024. The North America patient throughput and capacity management market was projected to account for more than 50% share of the global patient throughput and capacity management market in 2016 and is expected to gain 17 BPS over the forecast period. The North America patient throughput and capacity management market is expected to represent incremental opportunity of more than US$ 200 Mn between 2016 and 2024. The patient throughput and capacity management market in Canada is predicted to register a healthy CAGR of 4.7% during the forecast period.

The U.S. is likely to be the most attractive country in the North America patient throughput and capacity management market over the forecast period and is estimated to account for more than 80% of the North America patient throughput and capacity management market by the end of the forecast period. The U.S market is expected to continue its dominance over the projected period.

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The need for aligning resources in healthcare settings has compelled medical organizations towards adoption of technological solutions that help manage & arrange patient care information in orderly fashion. Hospitals from across the globe are installing patient throughput & capacity management solutions to tackle challenges associated with management of increasing capacity & space. Ideal use of added functional capacity through improved patient throughput solutions is also a key trend driving the demand for such solutions. Persistence Market Research estimates that towards the end of 2024, more than US$ 1.2 Bn worth of patient throughput & capacity management solutions will be employed across the globe.

The global market for patient throughput & capacity management, according to Persistence Market Research’s report, is presently valued at US$ 834 Mn, and will soar steadily at 5% CAGR during the eight-year forecast period. The report further anticipates that over half of global revenues procured from sales of patient throughput & capacity management solutions will be accounted by the US and Canada.

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North America’s dominance over the global patient throughput & capacity management market is justified by the region’s robust healthcare industry, which is also a proponent to technological advancements and adoption of intelligent solutions. Europe’s patient throughput & capacity management market will also leave a sizable imprint on the global market, registering a value CAGR of 5.3%.

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