SEATTLE, June 10, 2021, (MEDGADGET) — Patient flow management is an advanced solution that manages the movement of patient efficiently, from admission to discharge at the same time maintaining quality and patient satisfaction. The large volume of patient information is getting generated across the healthcare sector due to growing incidence of chronic disease across the globe. Healthcare providers are increasingly adopting patient flow management solution as it reduces the dependency on manpower which is more prone to human error and data loss. Hence, the rising prevalence of the various chronic disease is projected to propel the market growth of the patient flow management system.
Get Sample PDF Including COVID-19 Impact Analysis: https://www.coherentmarketinsights.com/insight/request-pdf/730
Therefore, the advantage associated with the patient flow management system such as a reduction in time, human error, and labor cost coupled growing cases of chronic disease around the globe is projected to boost market growth.
The global patient flow management solutions market size is estimated to be valued at US$ 539.1 million in 2018 and is expected to witness a CAGR of 18.8% during the forecast period (2018–2026).
Growing need to manage patient flow in the healthcare sector is fueling the market growth
Patient flow management solution is used to monitor the growing flow of a patient in and out of hospitals and other healthcare facilities, which helps to reduce overcrowding. Moreover, patients are adopting insurance and coverage care which will increase the flow in hospitals and medical centers. So in order to deal with such a situation, several hospital facilities are adopting a patient flow management solution.
For instance, according to the Nuffield Trust October 2016 report, the volume of patients treated increased by 17% in zero-day patients between 2009-10 and 2014-15. Moreover, with 105,000 acute beds in use, occupancy increased from 98,000 in 2011 to 102,000 in 2014.
According to the California Health Care Foundation, April 2011, a national study conducted by patient tracking vendor to assess the challenges in patient flow management reported that around 68% of respondents believe that patient flow and logistics solutions have high potential to improve patient throughput at their facility.
Tailored Information as per niche requirement:
LIMITED TIME OFFER – Hurry Up!
Exclusive offer!!! Purchase the report at a discounted rate!!!
Get Discount For Buyers UPTO 30% OFF On Any Research Report
Buy Now with Discount for Premium Report 2021: https://www.coherentmarketinsights.com/promo/buynow/730
Furthermore, real-time location systems enhanced patient flow by monitoring patients, assets or staff members. These systems consist of tags that are deployed on the person or item being tracked and a network of sensors and transceivers are installed throughout the hospital that detects the location of the tags in real-time.
Also, overcrowding in emergency departments, ICU and other departments may worsen the situation as staff in the hospital unable to keep the track and physicians and nurses have less time to focus on each patient. For instance, a study published in Medical Care Journal in January 2013 found that for each additional patient with heart failure, pneumonia, or myocardial infarction assigned to a nurse, the chances of readmission increased between 6% and 9%.
Advancement in patient flow management solutions is projected to fuel the growth of the market
Growing adopting the cloud-based solution along with the increasing penetration and usage of portable devices in patient flow management solutions are projected to provide lucrative growth opportunities in years to come. In addition to this, a high return on investment achieved by the adoption of these solutions, high demand for improved quality care of patients coupled with the growing demand for a cost-effective solution in the healthcare industry is further projected to propel the market growth over the forecast period.
Patient tracking based on real-time location systems (RTLS) offers several advanced technologies such as radio-frequency identification (RFID), infrared and ultrasound, depending on the cost, infrastructure requirements, and percussion.
Other advancements in the field of patient flow management solutions include Bluetooth Low Energy (BLE), which uses very less battery power than conventional Bluetooth technology. BLE enabled devices are able to create more efficient workflow when it gets integrated with RTLS and Electronic
Health Records (EHR). The complexity of locating patients, staff, and visitors in the hospitals and healthcare environment requires a fully the integrated combination of diverse technologies to achieve a maximum advantage.
North America is projected to be the most lucrative region in the global patient flow management solutions market and this can be attributed to rising awareness and adoption of advanced technology for improving healthcare facilities, in order to reduce patient waiting time and maximize bed utilization.
Read Press Release: https://www.coherentmarketinsights.com/press-release/patient-flow-management-solutions-market-to-surpass-us-21-billion-threshold-by-2026-1223
Rising awareness due to conferences and camping conducted on healthcare IT and its importance in hospital management, presence of major key players such as Change Healthcare and Allscripts Healthcare Solutions in the region, and inorganic growth strategies adopted by these players to reinforced their foothold in the market is fueling the growth of the North America patient flow management solutions market. For instance, in Allscripts, attended the Global Healthcare Conference in New York, which is held on 6th December 2018, which features companies which are working across different sectors including, patient flow management solutions, life sciences & diagnostics, medical technology and facilities & services.
Rising demand to fulfill the unmet needs of patient flow management in developing countries such as India and China is projected to support the growth of the Asia pacific patient flow management solutions market. Also, rising adopting of patient flow management solutions in developed countries such as New Zealand and Singapore are further contributing to market growth of the patient flow management solutions market in the Asia Pacific.
Key players operating in the global patient flow management solutions market include Getinge AB, Allscripts Healthcare Solutions, Inc., Cerner Corporation, McKesson Corporation, Epic Systems Corporation, Aptean, Inc., Sonitor Technologies, Inc., Stanley Black & Decker, Inc., and TeleTracking Technologies, Inc.
Special Requirements?
We value your investment and offer customization as per your requirements.
Share your precise requirements @ https://www.coherentmarketinsights.com/insight/request-customization/730
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Component
- Market Snippet, By Delivery Mode
- Market Snippet, By End User
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Strategic Mergers & Acquisitions
- Regulatory Scenario
- Benefits of Patient Flow Management Solutions
- Technological Developments – Patient Flow Management Solutions
- Strategies to Improve Patient Flow
- Patient Flow Management Solutions Associated Cost Factors
- PEST Analysis
- Market Dynamics
- Global Patient Flow Management Solutions Market, By Product Type, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Integrated
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Standalone
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Patient Flow Management Solutions Market, By Component, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Software
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Services
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Patient Flow Management Solutions Market, By Delivery Mode, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Web-based/Cloud-based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- On-premise
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Patient Flow Management Solutions Market, By End User, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, 2017 – 2026
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2026, (US$ Million)
- Introduction
- Global Patient Flow Management Solutions Market, By Region, 2018 – 2026, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2018 and 2026 (%)
- Y-o-Y Growth Analysis, By Region, 2017 – 2026
- North America
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Delivery Mode, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- U.S.
- Canada
- Europe
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Delivery Mode, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Delivery Mode, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- China
- Japan
- India
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Delivery Mode, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Africa
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Delivery Mode, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- North Africa
- Central Africa
- South Africa
- Middle East
- Market Size and Forecast, By Product Type, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Component, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Delivery Mode, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By End User, 2018 – 2026, (US$ Million)
- Market Size and Forecast, By Country, 2018 – 2026, (US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Section
- References
- Research Methodology
- About Us and Sales Contact
Have a Look at Related Research Insights:
Physical Therapy Rehabilitation Solutions Market To Surpass US$ 38.9 Billion By 2027
Patient Engagement Solutions Market To Reach US$ 80.1 Million By 2027
Infection Surveillance Solutions Market To Reach US$ 1,177.7 Million By 2027
About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.
To know more about us, please visit our website – www.coherentmarketinsights.com
Contact:
Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837
