The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Patient Flow Management Solutions Global Market Report 2024, the patient flow management solutions market is expected to show significant growth in the forecast period.

Market Overview

• 2023 to 2024 Growth:
  • Market size: $1.33 billion in 2023 to $1.65 billion in 2024.
  • CAGR: 24.2%.
• Historic Growth Drivers:
  • Increasing demand for healthcare services.
  • Regulatory mandates and compliance requirements.
  • Rising healthcare costs.
  • Need for operational efficiency.

Future Projections and Trends

2024 to 2028 Forecast:

• Expected Growth:
  • Market size: $1.65 billion in 2024 to $3.84 billion in 2028.
  • CAGR: 23.5%.
• Growth Drivers:
  • 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.
  • Emphasis on data interoperability and analytics.
• Major Trends:
  • Shift towards value-based care.
  • Emphasis on patient engagement and experience.
  • Rise of predictive analytics for demand forecasting.
  • Utilization of mobile health (mHealth) applications.
  • Emergence of cloud-based patient flow management solutions.

View More On The Patient Flow Management Solutions Market Report 2024 – https://www.thebusinessresearchcompany.com/report/patient-flow-management-solutions-global-market-report

Impact of Rising Hospital Admissions on Growth

Effect of Increased Hospital Admissions:

• Definition and Benefits:
  • Hospital admission involves entering a hospital for medical care.
  • Patient flow management solutions assist in appointment scheduling and real-time patient tracking.
  • Benefits include reduced wait times, improved patient satisfaction, and efficient use of resources.
• Key Statistics:
  • National Health Service (2023): Hospital admissions due to smoking increased from 389,800 in 2021–22 to 408,700 in 2022–23, a 4.8% rise.

Key Players in the Patient Flow Management Solutions Market

Major Companies:

• 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

Innovative Solutions in Patient Flow Management

Focus on Healthcare Data Capabilities:

• Development of Healthcare Data Capabilities:
  • Collect, store, analyze, and visualize health data.
• Key Initiative:
  • Google Cloud launched three Healthcare Data Engine (HDE) accelerators in November 2022.
  • Aim to improve patient flow, connect patients to community resources, and leverage social determinants of health (SDOH) datasets.
  • Enhance facility efficiency metrics to manage patient admissions, transfers, and length of stay.

LeanTaaS Enhances Healthcare Capacity Solutions

Strategic Acquisition:

• Details:
  • LeanTaaS Inc. acquired Hospital IQ in January 2022.
• Objective:
  • Address capacity management and staffing shortages.
  • Improve patient access, staff satisfaction, and revenue.
• Capabilities:
  • Hospital IQ provides patient flow, scheduling, and capacity management solutions.

Market Segmentation and Regional Insights

Market Segmentation:

• By Component:
  • Hardware
  • Software
  • Services
• By Type:
  • Event-Driven Patient Tracking
  • Real-Time Locating Systems
• By Product:
  • Integrated
  • Standalone
• By Delivery Mode:
  • Web-Based
  • On-Premise
  • Cloud-Based
• By End User:
  • Hospitals
  • Clinics
  • Other End Users

Regional Insights:

• 2023 Leading Region:
  • North America was the largest region in the patient flow management solutions market.

The patient flow management solutions market is experiencing exponential growth, driven by advancements in AI, telemedicine integration, and a focus on patient-centered care. Rising hospital admissions and innovative healthcare data capabilities are further propelling this growth. With significant contributions from major players and strategic acquisitions, the market is poised for substantial advancements in the coming years.

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