Patient Flow Management Solutions Global Market Report 2024

The patient flow management solutions market size has grown exponentially in recent years. It will grow from $1.33 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth witnessed in the historic period can be attributed to various factors, including the increasing demand for healthcare services, regulatory mandates and compliance requirements, rising healthcare costs, and the imperative for operational efficiency within the healthcare sector. These factors collectively drove the expansion of the healthcare industry, prompting healthcare providers to adapt to evolving regulatory standards while also striving to contain costs and streamline their operations to meet the growing demands of patients and regulatory bodies alike.

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 projected growth in the forecast period is driven by several factors, including the increasing adoption of artificial intelligence and machine learning, the integration of telemedicine and remote monitoring solutions, a growing emphasis on patient-centered care models, the expansion of healthcare infrastructure in emerging markets, and a focus on data interoperability and analytics. Notable trends expected during this period include a shift towards value-based care, heightened emphasis on patient engagement and experience, the rise of predictive analytics for demand forecasting, the utilization of mobile health (mHealth) applications, and the emergence of cloud-based patient flow management solutions.

The anticipated increase in hospital admissions is expected to drive the expansion of the patient flow management solutions market in the foreseeable future. Hospital admission entails the process of admitting individuals to a hospital as patients, typically for medical care that cannot be administered at home or in an outpatient setting. Patient flow management solutions play a crucial role in hospital admissions and patient care by offering services such as appointment scheduling and real-time patient tracking. These solutions contribute to reduced wait times, enhanced patient satisfaction, and more efficient utilization of hospital resources. For example, as reported by the National Health Service in December 2023, there was a notable rise in hospital admissions due to smoking in the UK, with an estimated 4.8% increase from the previous year. Consequently, the escalating number of hospital admissions acts as a significant driver for the growth of the patient flow management solutions market.

Major companies in the patient flow management solutions market are directing their efforts towards developing innovative products, such as healthcare data capabilities, aimed at enhancing health equity and patient management. Healthcare data capabilities encompass the capacity to gather, store, analyze, and visualize data pertaining to the health status of individuals and populations. For instance, in November 2022, Google Cloud, a US-based computer application, introduced three new Healthcare Data Engine (HDE) accelerators designed to streamline patient flow management and enhance the analysis of population health metrics to support value-based care initiatives. These accelerators provide tools to empower healthcare organizations in optimizing patient flow, facilitating connections to community resources, and leveraging datasets related to social determinants of health (SDOH). The accelerator facilitates the surfacing of various facility efficiency metrics, enabling health systems to identify trends and effectively manage patient admissions, transfers, and length of stay, while also optimizing departmental capacity management.

In January 2022, LeanTaaS Inc., a United States-based company specializing in patient flow software for health systems, finalized the acquisition of Hospital IQ for an undisclosed sum. This strategic move is anticipated to address intricate challenges concerning capacity management and staffing shortages across various departments, such as the infusion suite, operating room, and inpatient units, with the aim of enhancing patient access, staff satisfaction, and revenue generation. Hospital IQ, also based in the US, offers advanced patient flow, scheduling, and capacity management capabilities.

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.

North America was the largest region in the patient flow management solutions market in 2023. 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. The countries covered in the patient flow management solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Patient flow management solutions encompass both technology and strategies aimed at optimizing the movement of patients within healthcare facilities, spanning from initial registration to discharge, with the overarching goal of enhancing efficiency and improving the patient experience.

These solutions typically comprise three main components such as hardware, software, and services. Hardware encompasses physical devices and equipment designed to support and streamline various aspects of the patient journey within a healthcare setting. Examples include event-driven patient tracking systems and real-time locating systems, available in integrated or standalone forms. These solutions can be delivered through different modes such as web-based, on-premise, or cloud-based, catering to a diverse range of end-users including hospitals, clinics, and other healthcare facilities.

The patient flow management solutions market research report is one of a series of new reports that provides patient flow management solutions market statistics, including patient flow management solutions industry global market size, regional shares, competitors with a patient flow management solutions market share, detailed patient flow management solutions market segments, market trends and opportunities, and any further data you may need to thrive in the patient flow management solutions industry. This patient flow management solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The patient flow management solutions market consists of revenues earned by entities by providing services such as patient queuing, routing, and interaction management, and waiting room and treatment room management. The market value includes the value of related goods sold by the service provider or included within the service offering. The patient flow management solutions market also includes sales of digital whiteboards, mobile devices, radio frequency identification (RFID), and real-time location systems (RTLS). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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