Patient Flow Management Solutions Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type, Product (Integrated and Standalone) by Deployment, Component (Software, Hardware, Services) and Geography

Market Snapshot

Picture1Patient Flow Management Solutions Market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Patient Flow Management Solutions Market

Growing burden to minimize the healthcare cost will drive patient flow management market. For instance, there is an increasing burden of rising healthcare costs on providers with the new regulations like Medicare moving to the value-based system through its Medicare Shared Savings Program (MSSP) and through Value-Based Purchasing (VBP) schemes. Hospitals are striving to reduce costs and improve the efficiency of care. Other factors which are driving 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. However, the security of data storage from unauthorized access to health records is of primary concern and lack of skilled IT professionals is also restraining the market growth.

Scope of the Report

Patient flow management solutions enable hospitals to improve the efficiency of patient flow, resource optimization and utilization, and quality of care, while reducing costs.

By Type
Event-Driven Patient Tracking
Real-Time Locating Systems
By Product
Integrated
Standalone
By Deployment
Web-Based
Cloud-Based
on-Premise
By Component
Software
Hardware
Services
Geography
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Integrated Patient Flow Management Solution holds largest share

The integrated patient flow management solution helps hospitals to plan and take actions according to the ever-changing hospital situation. It provides complete control over the patient flow from arrival to discharge. With real-time data, hospitals can optimize staff better and utilize resources to make the best decisions. It also promotes better communication within each department, by centralizing real-time patient, ward, and interdepartmental information. It increases patient focus and allows hospital staff to communicate accurately with patients and their relatives. In emergency departments, patient flow management solutions provide the staff with the data on complete inbound and outbound patient flows, undergoing surgeries, and other resources, such as beds, staffing, and current capacity. This increases the department efficiency, and results in higher department utilization rate, while also saving the working hours of the staff. The integrated patient flow management solution provides the highest level of transparency, coordination, and accountability for departments, and helps healthcare facilities to take timely actions.

Picture5Patient Flow Management Market

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North America dominates the Patient Flow Management Solutions market

In North America, hospitals are facing financial challenges with shrinking margins of occupied beds. Hospitals need to increase their capacity by improving the patient movement from admission to earlier discharge. Hospitals that use patient flow management solutions were able to improve their quality of care by tracking the patient flow from admission to discharge, and thereby, reducing wait time wastage. At every point of care, hospitals can reduce wait time and ensure optimal patient-to-staff ratios. As per the GE healthcare estimated data, Americans waste about 1.1 million hours in emergency departments, every year. Real-time location systems (RTLS) are used to review the process and optimize workflows. These systems use tags, which are deployed to each person or item. They are then tracked in real-time, with the help of sensors and transceivers installed throughout the hospital.

Picture2Patient Flow Management Solutions Market

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Competitive Landscape

Major market players in the patient flow management solutions market are actively participating in the development of new platform for the patient records. Key developments in the market are Jan 2018: McKesson Corporation completed the previously announced acquisition of Medical Specialties Distributors.

Major Players

  1. Care Logistics
  2. Cerner Corporation
  3. Allscripts
  4. TeleTracking Technologies, Inc.
  5. Medical Information Technology, Inc.

* Complete list of players covered available in the table of contents below

Picture3 Patient Flow Management Solutions Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden to Minimize the Healthcare Cost Will Drive the Market

      2. 4.2.2 High ROI, An Impetus To Install Patient Flow Management Solutions

      3. 4.2.3 Shortage of Nursing Staff & Doctors Will Increase The Need For Solution

    3. 4.3 Market Restraints

      1. 4.3.1 Security Concerns, Rising Incidences Of Data Security Breach

      2. 4.3.2 Lack of Skilled IT Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Event-Driven Patient Tracking

      2. 5.1.2 Real-Time Locating Systems

    2. 5.2 By Product

      1. 5.2.1 Integrated

      2. 5.2.2 Standalone

    3. 5.3 By Deployment

      1. 5.3.1 Web-Based

      2. 5.3.2 Cloud-Based

      3. 5.3.3 on-Premise

    4. 5.4 By Component

      1. 5.4.1 Software

      2. 5.4.2 Hardware

      3. 5.4.3 Services

    5. 5.5 Geography

      1. 5.5.1 North America

        1. 5.5.1.1 US

        2. 5.5.1.2 Canada

        3. 5.5.1.3 Mexico

      2. 5.5.2 Europe

        1. 5.5.2.1 Germany

        2. 5.5.2.2 UK

        3. 5.5.2.3 France

        4. 5.5.2.4 Italy

        5. 5.5.2.5 Spain

        6. 5.5.2.6 Rest of Europe

      3. 5.5.3 Asia Pacific

        1. 5.5.3.1 China

        2. 5.5.3.2 Japan

        3. 5.5.3.3 India

        4. 5.5.3.4 Australia

        5. 5.5.3.5 South Korea

        6. 5.5.3.6 Rest of Asia-Pacific

      4. 5.5.4 Middle East and Africa

        1. 5.5.4.1 GCC

        2. 5.5.4.2 South Africa

        3. 5.5.4.3 Rest of Middle East and Africa

      5. 5.5.5 South America

        1. 5.5.5.1 Brazil

        2. 5.5.5.2 Argentina

        3. 5.5.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Awarepoint Corporation

      2. 6.1.2 McKesson

      3. 6.1.3 Care Logistics Llc

      4. 6.1.4 Cerner Corporation

      5. 6.1.5 Allscripts

      6. 6.1.6 Meditech

      7. 6.1.7 GE Healthcare

      8. 6.1.8 Central Logic, Inc.

      9. 6.1.9 Medworxx Solutions, Inc.

      10. 6.1.10 Teletracking Technologies Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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