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The Patient Flow Management Solutions Market Size was valued at USD 1.32 billion in 2023 and is expected to reach USD 7.15 billion by 2032 and grow at a CAGR of 20.66% over the forecast period 2024-2032.
A type of system software called a patient flow management solution is used by hospital staff to monitor patient data while they are receiving treatment. For effective workflow in healthcare organisations, this solution integrates statistical and analytical technology. Every healthcare facility has to track the flow of patients. It encourages on-demand treatments, decreases wait times, provides information on busy times, and arranges flexible medical record keeping.
The creation of strategic plans and the delivery of necessary services are aided by a complete virtual care platform built on patient flow data and special gadgets for healthcare professionals and patients. The main areas of emphasis include better patient care quality, patient happiness, reduced paperwork, and enhanced patient-staff communication. The system handles all of the greeting, triage, routing, preparation, treatment, payment, and administration steps for each unique patient flow. It manages waiting areas and treatment areas, syncs with back-office procedures (such test result analysis), and keeps patients and families informed throughout protracted procedures.
DRIVERS
Healthcare Professionals Adopting a Patient-Centered Approach
Reduced Hardware and Software Costs
Government Programs to Encourage HCI Adoption
Installing Patient Flow Management Solutions Is Driven by High ROI
Lack of nurses and doctors will make solutions more necessary.
Measures To Reduce Costs Are Required
RESTRAINTS
Market growth is being restrained by a shortage of skilled IT professionals.
Security Issues and A Rise in Data Security Breach
OPPORTUNITIES
Asian region has tremendous potential
Increasing the Use of Smartphones, Tablets, and PDAs to Accelerate the Adoption of Solutions
Significant Growth Opportunities Will Be Provided by Cloud-Based Models
CHALLENGES
Insufficient Infrastructure
Unprecedented repercussions of the COVID-19 epidemic have been felt in both daily life and the world economy. There is a significant pressure on healthcare systems all across the world. In a number of settings, such as clinical trials, remote home monitoring, and virtual consultations, providers, payers, and life science companies began looking for ways to enhance patient involvement. Due to the outbreak and the resulting mobility issues, virtual communication between patients and their care providers was required.
By Product
Separate segments of the market are Integrated and Standalone. As a result of their widespread use in hospitals and clinics, effective planning & execution, and rising demand for data storage, integrated are anticipated to grow the most over the projected period.
By Type
The event-driven patient tracking and real-time positioning systems segments of the market. Due to the decrease in healthcare expenses, the reduction of difficulties, and the improvement of patient quality of life, event-driven patient tracking is anticipated to grow the fastest during the forecasted period.
By Component
Hardware, software, and services make up the three market segments. Due to the lack of nurses and other healthcare professionals, the low cost of software, and the increased quality of healthcare, software is expected to grow the fastest during the predicted time.
By Delivery Mode
Markets are divided into On-Premise and Cloud-Based segments. Because there is less paperwork, the procedure takes less time, and patient appointments and records are efficiently recorded, web-based is anticipated to grow at the fastest rate during the expected period.
By Product
By Type
By Component
By Delivery Mode
The greatest market is in North America. The strong growth in the North American region can be due to elements including rising healthcare costs, governmental financing and support for patient flow management, legislative reforms, funding and training programmes, and technical advancements. Similar government support for HCIT and patient flow management across a number of European and Asian nations, as well as the demand for high-quality care at reasonable prices, are anticipated to promote market expansion in these regions.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major players are as follows: athenahealth, Inc., CPSI, Allscripts Healthcare, LLC, Cerner Corporation (Oracle), Epic Systems Corporation, Koninklijke Philips N.V., IBM, Klara Technologies, Inc., McKesson Corporation, Experian Information Solutions, Inc., Solution reach, Inc., NextGen Healthcare, Inc., ResMed and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.32 Billion |
| Market Size by 2032 | US$ 7.15 Billion |
| CAGR | CAGR of 20.66% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Integrated, Standalone) • By Type (Real Time Locating System, Event Driven Solutions) • By Component (Hardware, Software, Services) • By Delivery Mode (Cloud- based, On- premise) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | athenahealth, Inc., CPSI, Allscripts Healthcare, LLC, Cerner Corporation (Oracle), Epic Systems Corporation, Koninklijke Philips N.V., IBM, Klara Technologies, Inc., McKesson Corporation, Experian Information Solutions, Inc., Solution reach, Inc., NextGen Healthcare, Inc., ResMed. |
| DRIVERS | • Healthcare Professionals Adopting a Patient-Centered Approach • Reduced Hardware and Software Costs • Government Programs to Encourage HCI Adoption |
| RESTRAINTS | • Market growth is being restrained by a shortage of skilled IT professionals. • Security Issues and A Rise in Data Security Breach |
Patient Flow Management Solutions Market Size was valued at USD 1.32 billion in 2023.
Ans: The Patient Flow Management Solutions Market is growing at a CAGR of 20.66% over the forecast period 2024-2032.
athenahealth, Inc., CPSI, Allscripts Healthcare, LLC, Cerner Corporation (Oracle), Epic Systems Corporation, Koninklijke Philips N.V. are the key players of Patient Flow Management Solutions market
The greatest market is in North America.
Reduced Hardware and Software Costs, and Government Programs to Encourage HCI Adoption being the key drivers of the Patient Flow Management Solutions market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Patient Flow Management Solutions Market Segmentation, By Product
8.1 Integrated
8.2 Standalone
9. Patient Flow Management Solutions Market Segmentation, By Type
9.1 Real Time Locating System
9.2 Event Driven Solutions
10. Patient Flow Management Solutions Market Segmentation, By Component
10.1 Hardware
10.2 Software
10.3 Services
11. Patient Flow Management Solutions Market Segmentation, By Delivery Mode
11.1 Cloud- based
11.2 On- premise
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 athenahealth, Inc.
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 CPSI
13.3 Allscripts Healthcare, LLC
13.4 Cerner Corporation (Oracle)
13.5 Epic Systems Corporation
13.6 Koninklijke Philips N.V.
13.7 IBM
13.8 Klara Technologies, Inc.
13.9 McKesson Corporation
13.10 Experian Information Solutions, Inc.
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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