Overview:
Patient flow management system helps the healthcare system to offer efficient and rapid services to patients, through their stages of care. Uncontrolled increase in chronic disease cases worldwide creates large amount of patient data. The normal manual patient flow management system could cause human errors and loss of data, which makes it unreliable. However, hospitals and healthcare providers are adopting integrated patient flow management solutions to regulate ever growing patient flow. Furthermore, rising cases of different diseases is likely to fuel patient flow, which will increase the demand for patient flow management solutions in hospitals and other medical facilities.
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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).
Drivers:
Growing need for managing growing patient flow in healthcare services is expected to boost growth of the patient flow management solutions market. For instance, in October 2016, the Nuffield Trust released a report that shows during 2009-10 and 2014-15 the amount of patients treated increased by 17% in zero-day patients. Furthermore, in 2014, occupancy of acute beds grew to 102,000 from 98,000 in 2011.
In April 2011, the California Health Care Foundation reported that according to 68% of respondents from a study conducted by patient tracking vendors, patient flow and logistics solutions can improve patient outcome facilities.
Moreover, real-time location systems can be used for improving patient flow by tracking patients, staff members or assets. These systems include tags that are used for tracking and are deployed on the person or an item that has to be tracked, with transceivers and sensors installed everywhere in the hospital for real-time tracking of tags.
Over flow of patients in emergency departments, ICUs and other hospital departments may cause unfavourable outcomes as the emergency environments becomes chaotic with nurses having lesser time to focus on each patients and laboratories and radiology face difficulty in keeping up. For instance, in January 2013, according to a study released in the Medical Care Journal, the readmission chances increased in 6 to 9% with each extra patient suffering pneumonia, heart failure assigned to a nurse.
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Opportunities:
Growing use of models based on cloud system and increasing use of portable devices and rising penetration in patient flow management solutions are expected to create a lucrative environment of growth opportunities for market players over the forecast period.
Regional analysis:
North America is expected to witness robust growth in the global patient flow management solutions market due to growing awareness due to healthcare IT conferences and use of technologically developed equipment, presence of key players in the market such as Allscripts Healthcare Solutions and Change Healthcare in the region. For instance, in December 2018, Allscripts joined the Global Healthcare Conference in New York held in December 2018, featuring companies that are operating in various segments such as life sciences and diagnostics, patient flow management solutions, facilities & services and medical technology.
Moreover, Asia Pacific is witnessing robust growth in the patient flow management solutions market, owing to growing requirement to fulfil needs of patient flow management in middle-income countries like China and India, and growing use of patient flow management solutions in emerged nations such as Singapore and New Zealand in the region.
Major players:
Major players active in the global patient flow management solutions market are Allscripts Healthcare Solutions, Inc., McKesson Corporation, Sonitor Technologies, Inc., TeleTracking Technologies, Inc., Getinge AB, Cerner Corporation, Epic Systems Corporation, Aptean, Inc., and Stanley Black & Decker, Inc.
Key Developments:
The field of patient flow management solutions market is witnessing developments such as Bluetooth Low Energy (BLE) that requires lesser energy than normal Bluetooth devices. BLE enabled devices can provide more promising workflow after integrating it with Electronic Health Records (EHR) and RTLS.
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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
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