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Patient Flow Management Solutions Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Patient flow management is a one-stop software solution to manage all the patient information in hospitals and plays a vital role in customer feedback and satisfaction. Reforming healthcare management and infrastructure in developing nations is expe
Title:
Patient Flow Management Solutions Market Global Trends, Market
Share, Industry Size, Growth, Opportunities, and Market
Forecast 2019 to 2026
Patient flow management is a one-stop software solution to manage all the patient
information in hospitals and plays a vital role in customer feedback and satisfaction.
Reforming healthcare management and infrastructure in developing nations is
expected to drive growth for global patient flow management solutions market
during the forecast period.
With the increasing inflow of patients, the amount of patient information to be
processed is also large in volume across the globe, thus increasing the need for such
solutions. The manual system to manage patient data is relatively unreliable being
prone to human error and data loss. Manual management of data requires extensive
labour with additional costs. The adoption of integrated patient flow management
solutions, promises a significant saving of time, labour cost, reduced human error,
and data mismanagement. The global patient flow management solutions market is
anticipated to value over US$ 1 billion by the end of 2026 and register at a CAGR of
over 19.8% during the forecast period of 2019-2026.
Changing government policies to help promote healthcare services are incentives for
the growth of the market. Additionally, sedentary lifestyle and increasing disposable
income for healthcare expenditure are expected to boost the growth of the global
patient flow management solutions market. Technological improvements also greatly
help expand trade of the market globally. All these factors along with the private
sector's capital investments lead to an increase in reach, quality and efficiency of the
patient flow management markets. All these factors lead to the potential growth of
patient flow management solutions market.
The seepage of smartphones into the everyday lifestyle and growing network
technology provides the digital healthcare system with novel opportunities to
address more challenges.
According to the American Hospital Association, the margins of Medicare and
Medicaid are getting narrowed down due to low payments. The centers for Medicare
& Medicaid Services evaluate and publish hospital performance rating data publicly
which can be publicly used while selecting a provider. These factors result in leaving
almost no funds left from the hospital's providing care costs and the reimbursement
they receive from private payers. In 2014, the Medicare patient admission payment
was increased by 0.5%, and the exit payment was increased by 1.8%. This, therefore,
put the burden of rising healthcare costs on providers, with the new regulations like
Medicare shifting to the value-based system through its Medicare Shared Savings
Program (MSSP) and through Value-Based Purchasing (VBP) schemes. Hospitals run
on the principles of costs minimisation while also trying to improve their standards.
Other factors which drive the patient flow management solutions market growth are
high ROI, an impetus to install patient flow management solutions, and shortage of
nursing staff & doctors will increase the need for solutions.
New developments in the field are Bluetooth Low Energy (BLE), which has less
battery consumption than conventional Bluetooth technology. BLE enabled devices
are able to optimise workflow when it gets integrated with RTLS and Electronic
Health Records (EHR). The difficulty of locating patients, staff, and visitors in huge
hospitals and healthcare environment requires a fully integrated combination of
diverse technologies to achieve desired results.
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Global Patient Flow Management Solutions Market: Restraints
> High-cost technology
> Lack of skilled professionals
> Risk related to data security
Global Patient Flow Management Solutions Market: Segmentation
By Solution
> Surgical Oncology
> Radiation Oncology
By Deployment
> On-premise
> Cloud-Based
The cloud-based models are favoured over their counterparts due to the increasing
integration of technology into the public's daily lives thus beneficial to accommodate
that into the global patient flow management solutions will offer lucrative growth
opportunities in the near future.
By End User
> Hospitals
> Diagnostic Laboratories
> Outpatient Centres
> Clinics
By Region
> Europe
> North America
> APAC
> Latin America
> Rest of World
Markets of North America and Europe patient flow management solutions is
expected to witness high profits due to rising end users. The Asia Pacific and Latin
America are also expected to create an opportunistic space for service providers.
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Competitive Landscape:
> Tier 1 players- Established companies in the market with a major market share
> Tier 2 players -Emerging players which are growing rapidly
> New Entrants
Allscripts Healthcare Solutions Inc., Awarepoint Corporation, Care logistics LLC,
Central Logic, Inc., Cerner Corporation, Mckesson Corporation, Medworxx Solutions,
INC., Sonitor Technologies, Stanley Healthcare, Teletracking Technologies INC among
others.
Factors of the burden of healthcare maintenance and standardisation are building on
the government and its agencies, thus leading to the implementation of the
innovative patient flow management techniques and created opportunistic space for
existing and new service providers.
FutureWise Takeaways
> Growth prospects
> SWOT analysis
> Key trends
> Key data-points affecting market growth
Objectives of the Study:
> To provide with an exhaustive analysis on global patient flow management
solutions market by solution, deployment type, end-user and region
> To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
> To evaluate and forecast micro-markets and the overall market
> To predict the market size, in key regions (along with countries)?North America,
Europe, Asia Pacific, Latin America, and the Middle East
> To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
> Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry - a position secured for far more than the near future.
Author
Merin John
Merin John263   documents Email
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