USD 1.06 billion
Patient Flow Management Solutions Market Size, Share, Growth Analysis, By Type(Event-driven and real-time), By Product(Integrated and standalone), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35G2154 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
59
|Figures:
75
Patient Flow Management Solutions Market Insights
Global Patient Flow Management Solutions Market size was valued at USD 1.06 billion in 2022 and is poised to grow from USD 1.30 billion in 2023 to USD 6.54 billion by 2031, growing at a CAGR of 22.4% in the forecast period (2024-2031).
Growing emphasis on optimization of healthcare operations and business to improve patient outcomes is forecasted to bolster the demand for patient flow management solutions over the coming years. Increasing efforts to provide value-based care and improve patient outcomes are also slated to favor patient flow management solutions market growth in the long run. Rising adoption of digital health technologies and solutions are also forecasted to create new opportunities for market players in the future. Efforts to reduce healthcare costs and manage increasing rates of hospitalization are also slated to uplift the adoption of patient flow management solutions over the coming years. On the contrary, high costs of implementation, dearth of skilled professionals, resistance to change among healthcare staff, and interoperability issues are expected to impede the global patient flow management solutions industry across the forecast period and beyond.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Event-driven
Fastest Growth
Event-driven
Growth Rate
22.4% CAGR
Global Patient Flow Management Solutions Market ($ Bn)
Country Share for North America Region (%)
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Patient Flow Management Solutions Market Segmental Analysis
Global Patient Flow Management Solutions Market is segmented by type, product, and region. Based on type, the market can be segmented into Event-driven and real-time. Based on product, the market is segmented into Integrated and standalone. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Deployment
The web/cloud-based segment is projected to account for a dominant share of the global patient flow management solutions industry. Rising use of cloud technologies in healthcare and advancements in cloud technologies are expected to help this segment maintain its dominance going forward. High affordability, scalability, flexibility, and accessibility makes web/cloud-based patient flow management solutions highly popular preferred among all end users. Rising demand for remote patient monitoring and adoption of telehealth and telemedicine practices are also expected to help this segment generate new business scope for patient flow management solution providers in the future.
Meanwhile, the demand for on-premises patient flow management solutions is projected to rise at a notable CAGR over the coming years. Imposition of stringent regulations for patient data security and rising incidence of cyberattacks on healthcare establishments are expected to offer new opportunities via this segment. On-premises solutions provide better security, control, flexibility, and customization for end users. However, the high costs of on-premises solutions are limiting the growth potential of this segment to a certain extent. Developed countries and expansive healthcare providers with high funding are expected to be prime adopters of on-premises patient flow management solutions in the long run.
Analysis by Product
Integrated patient flow management solutions are estimated to account for the largest patient flow management solutions market share going forward. Integrated patient flow management solutions can be easily integrated with other healthcare systems and infrastructure such as electronic health records. Integrated patient flow management solutions is a unified platform capable of offering appointment scheduling, registration, bed management, and workflow optimization tasks for enhanced operation of healthcare establishments. High usability and easy integration are forecasted to help this segment cement its dominance in the long run. These solutions also help promote data consistency and provide improved interoperability for digital healthcare technologies going forward.
Meanwhile, the demand for standalone patient flow management solutions is forecasted to rise at an impressive pace over the coming years. These solutions are independent and can optimize patient flow on their own without reliance on other healthcare or patient systems. Better flexibility and customization offered by standalone patient flow management solutions are expected to create new opportunities for companies focusing on this segment in the future. high affordability and easy deployment are expected to bolster the adoption of patient flow management solutions in small and medium healthcare establishments with limited spending potential.
Global Patient Flow Management Solutions Market By Type
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Patient Flow Management Solutions Market Regional Insights
North America is anticipated to account for a dominant share of the global patient flow management solutions industry. Rapid adoption of digital health technologies, emphasis on healthcare optimization, and increasing investments in healthcare IT infrastructure development are helping this region lead revenue generation on a global level. Moreover, the presence of leading patient flow management solutions providers in countries such as the United States and Canada also offering new business scope in the long run. Rising adoption of telehealth and remote patient technologies in healthcare are also slated to present new opportunities for patient flow management solutions companies through 2031.
Asia Pacific is slated to emerge as the fastest growing market for patient flow management solution providers in the world going forward. High emphasis and investments in healthcare infrastructure improvement make this region a highly opportune one for patient flow management solution companies. China, India, and Japan are expected to be the prime markets in this region. Launch of supportive government initiatives to promote digital healthcare adoption are also slated to boost the demand for patient flow management solutions through 2031 and beyond. Efforts to improve quality of healthcare and adoption of value-based care models also favor expansion of patient flow management solutions market size in this region.
Global Patient Flow Management Solutions Market By Geography
- Largest
- Fastest
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Patient Flow Management Solutions Market Dynamics
Patient Flow Management Solutions Market Drivers
High Emphasis on Healthcare Operations Optimization
- Growing rates of hospitalization and increasing burden on healthcare ecosystems around the world is pushing healthcare organizations to optimize their operations. Patient flow management solutions help optimize resource utilization, reduce bottlenecks, and improve overall hospital efficiency thereby making it a mainstay for operations optimization on a global level.
Adoption of Digital Health Technologies
- Increasing penetration of digitization in the healthcare industry vertical is forecasted to be key factor for patient flow management solutions market growth in the future. These advanced digital health solutions help healthcare providers and payers reduce costs and improve patient outcomes thereby automatically improving compliance and efficiency going forward.
Patient Flow Management Solutions Market Restraints
High Costs of Implementation
- Implementing patient flow management solutions and systems is a complex task as it requires advanced hardware and software components. This results in a high initial investment requirement and also further adds up to the costs of maintenance. Hence, these high costs of implementation and operation are expected to slow down the adoption of patient flow management solutions in the future.
Dearth of Skilled Professionals - The world is already faced with a diminishing availability of skilled workforce, and this is expected to hurt the patient flow management solutions market outlook in the long run. Patient flow management solutions are highly complex and require people with expertise to operate them, which is why shortage of such people is expected to hurt the demand for patient flow management solutions across the study period and beyond.
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Patient Flow Management Solutions Market Competitive Landscape
Improving interoperability and reducing costs of implementation are slated to be key areas of interest for market players. Cloud-based zzz are forecasted to bring in major revenue for companies in the long run. Targeting developing countries is expected to pay off big time over the coming years and investing in developed countries is slated to offer quick returns. Collaborations and new solution launches are estimated to be highly preferred strategies.
Top Player’s Company Profiles
- CenTrak, Inc. (US)
- McKesson Corporation (US)
- Care Logistics Llc (US)
- Allscripts (US)
- Oracle (US)
- Cerner Corporation (US)
- Epic Systems Corporation (US)
- Medworxx Solutions Inc. (Canada)
- TeleTracking Technologies, Inc. (US)
- Intelligent InSites, Inc. (US)
- Sonitor Technologies (Norway)
- Awarepoint Corporation (US)
- Central Logic, Inc. (US)
- STANLEY Healthcare (US)
- Telemedicine Clinic (Spain)
- GE Healthcare (US)
- Zebra Technologies Corporation (US)
- Aptean (US)
- Medhost, Inc. (US)
- Patient Placement Systems (US)
Recent Developments
- In July 2024, Kontakt.io, a renowned name in the real time location system business announced the launch of its new offering to manage patient flow. The new Nano Tag IR is a Bluetooth low energy tag designed to help locate patients in the hospital in real-time to optimize patient flow.
- In July 2024, Qventus Inc., a leading healthcare automation provider announced the launch of a new inpatient solution to promote ideal patient flow. The 3rd generation solution is used to automate discharge planning and care planning healthcare establishments and is fully integrated into electronic health records.
- In October 2024, TeleTracking Technologies, a renowned innovator in the zzz business space announced the launch of SaaS version of its Capacity Management Suite. Capacity IQ comes with a simplified user experience and exceptional security for comfortable patient flow management and operations optimization.
Patient Flow Management Solutions Key Market Trends
- Use of Artificial Intelligence and Machine Learning Technologies: Patient flow management solution providers should focus on using advanced technologies such as artificial intelligence to promote automation of their offerings. These technologies can further help optimize healthcare operations and improve compliance as well. AI-powered offerings can also offer better patient insights to enhance healthcare business scope in the long run.
- Integration with Telehealth: Patient flow management solution providers are expected to target the telehealth and teleconsultation trends to maximize their business scope in the future. Managing patient care and improving patient experience through virtual platforms can be easily done through the adoption of patient flow management solutions thereby favoring market development potential as well.
Patient Flow Management Solutions Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing need for healthcare operation optimization and rising use of digital health technologies are slated to bolster the adoption of patient flow management solutions over the coming years. However, high costs of implementation and the absence of skilled workforce are forecasted to slow down patient flow management solutions demand outlook in the future. The presence of a developed healthcare infrastructure allows North America to spearhead the global patient flow management solutions market growth. Integration of artificial intelligence and integration with telehealth solutions are slated to offer lucrative business scope for patient flow management solution providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.06 billion |
| Market size value in 2031 | USD 6.54 billion |
| Growth Rate | 22.4% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Patient Flow Management Solutions Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Patient Flow Management Solutions Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Patient Flow Management Solutions Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Patient Flow Management Solutions Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Patient Flow Management Solutions Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Patient Flow Management Solutions Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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