The Report “Patient Flow Management Solutions Market by Type (RTLS,
Event Driven), Product (Integrated, Standalone), Component (Hardware, Software,
Services) & Delivery Mode (Web-based, On-premise, Cloud-based) - Trends
& Global Forecasts to 2019” This market was valued at $251 million in 2014 and is poised to grow at a
CAGR of 22% from 2014 to 2019, to reach $678.4 million by 2019.
Browse 67 market data tables and 30 figures spread
through 165 pages and in-depth TOC on “Patient Flow Management”
SolutionsMarket
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report.
The adoption of patient follow management solutions enables
the healthcare industry to improve the efficiency of patient flow, better
utilize existing resources, and reduce costs while improving the quality of
healthcare. The solutions also provide high returns on investment. Furthermore,
initiatives and incentives by governments across the globe for adopting and
increased burden on healthcare systems due to rising hospital admissions has
stimulated the adoption of patient flow management solutions in the healthcare
industry. However, in spite of the numerous benefits certain barriers such as
huge investments, lack of skilled analysts, and concerns over security of
patient data are restraining the growth of this market.
The patient flow
management solutions market is segmented into five broad segments, namely,
components, delivery modes, types, products, and geographies.
The
market by component is further categorized into hardware, software and
services.
Based on delivery modes, the market is
categorized into web-based, on-premise, and cloud-based.
The market by types is categorized into
Real Time Locating System (RTLS) and event driven solutions.
Based on products, the market is
categorized into standalone and integrated solutions.
Based on geography, the market is
divided into North America, Europe, Asia, and Rest of the World (RoW: Pacific
countries, Africa, and Latin America)
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The major factors driving the patient
flow management solutions market are the high return on investment achieved by
adopting the solutions, demand for improved quality of care and focus on
patient satisfaction, and incentives by the various governments for the
adoption of HCIT and patient flow management solutions. The benefits provided
by the patient flow management solutions such as cost reduction, increased
patient throughput, enhanced staff productivity, and ability to manage patients
across the care continuum are resulting in an increase in the deployment of
these solutions.
The North American market commands the
largest share of the global patient flow management solutions market in 2014.
Europe represents the second largest market. Though the Asian market is
relatively new to patient flow management, the increasing HCIT adoption,
proficiency of IT skills, and the growing healthcare appending in countries
like India will drive the growth of this market.
The global patient flow management
solutions market is a fragmented market with some major players such as
Allscripts Healthcare Solutions, Inc. (U.S.), Awarepoint Corporation (U.S.),
Care Logistics, LLC (U.S.), Central Logic, Inc. (U.S.), Cerner Corporation
(U.S.), Intelligent InSites, Inc. (U.S.), McKesson Corporation (U.S.), Medworxx
Solutions, Inc. (Canada), STANLEY Healthcare (U.S.), Sonitor Technologies, Inc.
(U.S.), TeleTracking Technologies, Inc. (U.S.), and Epic Systems Corporation
(U.S.) among others.
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