The Patient Flow Management Solutions Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Patient Flow Management Solutions Global Market Report 2024, The patient flow management solutions market size is expected to see exponential growth in the next few years. It will grow to $3.84 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to adoption of artificial intelligence and machine learning, integration of telemedicine and remote monitoring solutions, growing focus on patient-centered care models, expansion of healthcare infrastructure in emerging markets, and emphasis on data interoperability and analytics. Major trends in the forecast period include shift towards value-based care, emphasis on patient engagement and experience, rise of predictive analytics for demand forecasting, utilization of mobile health (mHealth) applications, and emergence of cloud-based patient flow management solutions.
The rising number of hospital admissions is expected to propel the growth of the patient flow management solutions market going forward. Hospital admission refers to the process of allowing someone to enter a hospital as a patient because they need medical care that cannot be provided at home or in an outpatient setting. Patient flow management solutions are used in hospital admissions and patient care for providing services such as appointment scheduling and real-time patient tracking, leading to reduced wait times, improved patient satisfaction, and more efficient use of hospital resources. For instance, in December 2023, according to the National Health Service, a UK-based government department, there were an estimated 408,700 hospital admissions due to smoking in 2022–23 from 389,800 in 2021–22, representing an increase of 4.8%. Therefore, the rising number of hospital admissions is driving the growth of the patient flow management solutions market.
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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
Major companies operating in the patient flow management solutions market are focusing on developing innovative products, such as healthcare data capabilities, to improve health equity and patient management. Healthcare data capabilities refer to the ability to collect, store, analyze, and visualize data related to the health of individuals and populations. For instance, in November 2022, Google Cloud, a US-based computer application, launched three new Healthcare Data Engine (HDE) accelerators to help streamline patient flow management and better analyze population health metrics to improve value-based care. They aim to provide tools to enable healthcare organizations to improve patient flow, connect patients to community resources, and leverage the social determinants of health (SDOH) dataset. This accelerator enables health systems to surface a range of facility efficiency metrics to identify trends and manage patient admissions, transfers, and length of stay while optimizing departmental capacity management.
The patient flow management solutions market report table of contents includes:
1. Executive Summary
2. Patient Flow Management Solutions Market Characteristics
3. Patient Flow Management Solutions Market Trends And Strategies
4. Patient Flow Management Solutions Market analysis
5.Patient Flow Management Solutions Market Size And Growth
6.Patient Flow Management Solutions Segmentation
7.Patient Flow Management Solutions Regional And Country Analysis
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27.Patient Flow Management Solutions Competitive Landscape And Company Profiles
28.Patient Flow Management Solutions Key Mergers And Acquisitions
29.Patient Flow Management Solutions Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- McKesson Corporation
- Stanley Black & Decker Inc.
- Cerner Corporation
- Epic Systems Corporation
- Hospira
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