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Patient Flow Management Solutions Market Trends 2024: Optimizing Healthcare Operations
Patient Flow Management Solutions
The Business Research Company presents an extensive market research report on the Patient Flow Management Solutions Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The patient flow management solutions market size has grown exponentially in recent years. It will grow from $1.33 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 24.2%. The growth in the historic period can be attributed to increasing demand for healthcare services, regulatory mandates and compliance requirements, rising healthcare costs, and need for operational efficiency.
The patient flow management solutions market size is expected to see exponential growth in the next few years. It will grow to $3.84 billion in 2028 at a compound annual growth rate (CAGR) of 23.5%. The growth in the forecast period can be attributed to adoption of artificial intelligence and machine learning, integration of telemedicine and remote monitoring solutions, growing focus on patient-centered care models, expansion of healthcare infrastructure in emerging markets, and emphasis on data interoperability and analytics. Major trends in the forecast period include shift towards value-based care, emphasis on patient engagement and experience, rise of predictive analytics for demand forecasting, utilization of mobile health (mHealth) applications, and emergence of cloud-based patient flow management solutions.
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Key Market Players:
Major companies operating in the patient flow management solutions market report are McKesson Corporation, Stanley Black & Decker Inc., Cerner Corporation, Epic Systems Corporation, Hospira, Hill-Rom Holdings Inc., Getinge AB, Allscripts Healthcare Solutions Inc., Aptean Inc., Ascom Holding AG, Care Logistics LLC, TeleTracking Technologies, CarePort Health LLC, ProModel Corporation, AirStrip Technologies, Central Logic Inc., Qventus, Awarepoint Corporation, Novari Health, CirrusMD Inc., Intelligent Insites Inc., Sonitor Technologies Inc., CENTRALSQUARE, Vizzia Technologies, SeamlessMD, Rapid Healthcare, Medworxx Solutions Inc.
Market Drivers:
The rising number of hospital admissions is expected to propel the growth of the patient flow management solutions market going forward. Hospital admission refers to the process of allowing someone to enter a hospital as a patient because they need medical care that cannot be provided at home or in an outpatient setting. Patient flow management solutions are used in hospital admissions and patient care for providing services such as appointment scheduling and real-time patient tracking, leading to reduced wait times, improved patient satisfaction, and more efficient use of hospital resources. For instance, in December 2023, according to the National Health Service, a UK-based government department, there were an estimated 408,700 hospital admissions due to smoking in 2022-23 from 389,800 in 2021-22, representing an increase of 4.8%. Therefore, the rising number of hospital admissions is driving the growth of the patient flow management solutions market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/patient-flow-management-solutions-global-market-report
The patient flow management solutions market covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Type: Event-Driven Patient Tracking, Real-Time Locating Systems
3) By Product: Integrated, Standalone
4) By Delivery Mode: Web-Based, On-Premise, Cloud-Based
5) By End User: Hospitals, Clinics, Other End Users
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