Patient Throughput and Capacity Management Market Is Expected to Exhibit an Upward Growth Trend Across Globe

The global patient throughput and capacity management market is envisaged to rise on the back of the growing adoption of the solutions for tackling problems associated with the management of expanding space and capacity in healthcare settings. Hospitals across the world are constantly upgrading their facilities alongside the adoption of improved technological solutions to better organize and manage patient care information in a systematic fashion. In October 2017, Lorien Health Services adopted Aruba Mobile First Network to support all of its 14 locations with upgraded wireless solutions. The healthcare facility for seniors was in need of advanced Wi-Fi network to support its healthcare IoT initiative and enhance connection reliability.

According to Persistence Market Research (PMR), the global patient throughput and capacity management market could rise at a CAGR of 5.0% between 2016 and 2024. By the end of the forecast period, the market is anticipated to hold a valuation of US$1.2 bn. In 2017, it was worth a US$0.8 bn.

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RTLS Overtakes Other Products with Precise Tracking of Hospital Resources

The demand for patient throughput and capacity management solutions is predicted to see a decent rise in the coming years. This could be because of the ideal usage of added functional capacity made possible with the engagement of improved patient throughput solutions. As per the analysis of PMR researchers, real-time locating system (RTLS) solutions could be significantly demanded in the market in the near future. Capitalizing on an over one-third of the total share in the world patient throughout and capacity management market, RTLS is predicted to stay as a dominant product until the end of 2024.

However, other products such as workflow management solutions could account for a consistent revenue share in the world patient throughout and capacity management market. Furthermore, expected to grow at a CAGR of 5.2%, bed management solutions could be another product demonstrating a valuable market growth. The market is foreseen to also depend on the type of solutions offered to consumers for its growth. For instance, standalone solution could showcase a minimal decline in demand by the end of 2024, whereas integrated solution is projected to take a leading position in the market while exceeding a share of almost 65.0%.

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North America Exhibits Greater Adoption to Reduce Hospital Stay and Care Better

If the regional growth is concerned, market players might want to focus on dominant geographies such as North America, which is foretold to secure a larger revenue share all through the course of the forecast period. Nearly half of the revenue obtained from the sales of patient throughput and capacity management solutions could be attributed to the coveted growth of Canada and the U.S. The strong healthcare industry supported by the advancement in technology and increasing adoption of intelligent solutions could be one of the primary factors driving growth in North America. Europe is forecast to be second on the list of the market’s topmost regions.

The demand for patient throughput and capacity management solutions could be reasonably high in North America due to the rising count of patients suffering from trauma, chronic diseases, and as a result of accidents. There is a disparity between supply and demand in the region since the count of healthcare professionals and hospital beds is not increasing at the same pace. This is where patient throughput and capacity management could prove to be productive for a better management of the circumstance.

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