North America dominates the global market for patient flow management solutions due to rise in funding and training initiatives in the U.S. and Canada, reduced healthcare costs, and advancements in technological innovation in the region. Asia is expected to show high growth rates in global patient flow management solution market in the next five years, with China and India being the fastest growing markets in the Asia-Pacific region. The key driving forces for the patient flow management solution market in developing countries include a large pool of patients, healthcare infrastructure, and rising government funding in the region.
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Adoption of a patient-centric approach by healthcare providers, reduced cost of hardware and software, shortage of doctors and nursing staff, need for cost limitation measures, increase in healthcare expenditure, demand for improved quality of care and focus on patient satisfaction, rising hospital admissions, growing awareness about healthcare, and the increasing number of initiatives by various governments and government associations for patient flow management are some key factors driving the market growth. However, factors such as lack of skilled professionals, need for huge investment, lack of inadequate infrastructure, and rising incidence of data security breaches are the major restraints to the growth of the global patient flow management solution market.
Increasing usage of smart phones and cloud-based models would help to develop opportunities for the global patient flow management solution market. Collaboration, partnerships, and new product launches are some of the ongoing trends for the growth of global patient flow management solution market.
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The major companies operating in the global patient flow management solution market include Teletracking Technologies, Inc., Allscripts Healthcare Solutions, Inc., Cerner Corporation, Mckesson Corporation, Central Logic, Inc., Medworxx Solutions, Inc., Stanley Healthcare, Sonitor Technologies, Inc., Awarepoint Corporation, Care Logistics LLC, Intelligent Insites, Inc., and Epic Systems Corporation.
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