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This report studies the global patient flow management solutions market over the forecast period of 2014 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.
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)
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. However, in spite of the numerous benefits of patient flow management solutions certain barriers such as huge investments, lack of skilled analysts, and concerns about security of patient data are restraining the growth of this market.
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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