Patient Flow Management Solutions Market

Global Patient Flow Management Solutions Market Size (2024 to 2029)

The global patient flow management solutions market size is estimated to be worth USD 3341.2 million by 2029 from USD 1271.3 million in 2024, growing at a CAGR of 21.32% from 2024 to 2029.

The number of hospital admissions is rising, but the healthcare infrastructure is not keeping up, resulting in overcrowding and insufficient flow in the healthcare system. The movement of patients, information, or equipment across the organization, departments, or employees is referred to as flow in a patient care pathway. Overcrowding in the emergency room, increased waiting times, delayed procedures in the operating room schedule, a scarcity of ICUs and medical beds, overworked personnel, poor patient outcomes, and a greater likelihood of complications can result from inadequate patient outcomes flow management.

Healthcare organizations are increasingly implementing patient flow management technologies to control patient flow, decrease staff workload, and satisfy customer expectations. A patient flow management solution is system software that hospital workers use to keep track of patient information engaged in treatment. This solution combines statistical and analytical technologies for efficient workflow in a healthcare business. It primarily focuses on the following aspects increased patient care quality, satisfaction, less paperwork, and enhanced communication between patients and hospital personnel. It also aids hospitals in making better use of their existing capacity. A patient flow management system has become vital for hospitals to simplify patient flow outcomes and cost management.

MARKET DRIVERS

The high return on investment gained by implementing these solutions, the rising need for improved treatment quality, and an increasing focus on patient happiness are the primary factors driving the growth of the patient flow management solutions market.

Patient flow management is expected to be caused by the growing pressure to reduce healthcare costs. For example, new laws such as Medicare's move to a value-based system through its Medicare Shared Savings Program (MSSP) and Value-Based Purchasing (VBP) schemes are putting the burden of rising healthcare expenses on providers. Patient flow management solutions in hospitals, clinics, and other healthcare facilities provide several benefits, including increased interaction between clinical staff and patients, patient-centered care, improved care quality, reduced waiting for time and length of stay, improved patient satisfaction, and reduced paper processing. Also, the market is growing because of a shortage of physicians and nurses, the need for hospitals to save costs, and increased public knowledge about health care. Other factors driving market expansion include increased demand for cloud-based models, increased penetration, increased smartphone usage, product launches, and collaboration and partnerships among key players.

High ROI, an urgency to implement patient flow management solutions, and a lack of nursing personnel and doctors contribute to market growth.

Patient flow management solutions have become vital for hospitals to simplify patient flow outcomes and use their current capacity. In addition, well-established healthcare infrastructure across the regional market is most likely to augment the market growth. An increase in the investment and funding by the government and private organizations in the Patient Flow Management Solution will encourage market growth. Additionally, favorable reimbursement programs in the United States influence regional market growth. Moreover, an increase in healthcare expenditure and a rising need for improved quality of care are further expected to propel the global patient flow management solutions market growth. 

MARKET RESTRAINTS

However, the rising prevalence of hacking, which leads to security breaches and large initial expenditures, a scarcity of trained personnel, and insufficient infrastructure to implement patient flow management systems, may limit the global patient flow management solutions market growth throughout the projected period.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Patient Flow Management Solutions Market Analysis By Product

The standalone segment dominated the patient flow management solutions market and is expected to grow during the forecast period. On the other hand, the integrated systems segment is expected to significantly share of the market with an increased CAGR over the forecast period. The integrated system assists hospitals and clinics in planning and implementing activities in response to hospital conditions.

Global Patient Flow Management Solutions Market Analysis By Type

The event-drive solutions segment led the market and accounted for the largest market revenue share of 92.5% of the global market during the previous years. However, the Real-time locating systems are most likely to have an estimated CAGR share of 31.7% during the forecast period. 

Global Patient Flow Management Solutions Market Analysis By Delivery Mode

The web-based solutions segment has had the largest market share over the forecast period based on delivery mode. The need to decrease the paperwork and time, a web-based management system is utilized to record patient appointments and store patient records. The Web-based solutions are Simple to use, Intuitive, intelligent, and integrated hospital Information systems.

Global Patient Flow Management Solutions Market Analysis By Component

The software segment accounted for the largest share of the patient flow management solutions systems market based on the component. The patient flow is a multi-step process involving a variety of stakeholders and tasks. Getinge's software solutions provide you with tools to improve consistency and efficiency, allowing hospital personnel to focus on providing the best possible care to patients. The market is growing due to nurses and healthcare staff shortages and improving healthcare quality at a minimal cost.

REGIONAL ANALYSIS

The North American market geographically led the global market and accounted for the largest revenue share in 2023. However, the market is expected to continue its growth during the forecast period. The growth in the region is attributed to the growing healthcare expenditure, technological advancements, and supportive funding and training initiatives. In the regional market, the countries the United States and Canada are majorly contributing the market growth. The United States witnessed the adoption of a patient-centric approach by healthcare providers, and the rising need for cost-limitation measures is propelling the country's market growth. 

Europe recorded a significant share in the patient flow management solutions market during the previous year. Government impetus to HCIT and patient flow management in the European countries is augmenting the market growth. To manage patient flow efficiently, NHS hospitals across Europe are implementing new technology such as computerized bed management systems. The United Kingdom has witnessed rapid growth in the region. The Institute for Healthcare Improvement has worked with more than 60 hospitals in the UK and the US to examine variables that impact patients' smooth and timely movement through hospital departments and enhance and implement patient flow management strategies.

In the next five years, the Asia Pacific patient flow management solutions market is expected to have strong growth rates in the worldwide patient flow management system market, with China and India being the fastest-growing markets in the region. The growing adoption of the patient-centric approach in the healthcare providers in the region and the technological advancements are encouraging regional market growth. The patient flow management market in the Asia Pacific is expected to increase during the projected period due to a shortage of qualified workers in the healthcare sector. China, Japan, and India are major contributors to the region. Due to rising patient turnover, rising outpatient satisfaction, and shorter wait times, China is likely to lead the market in the Asia Pacific region. The Indian patient flow management solutions market is anticipated to witness the highest market share in the region over the forecast period owing to the increase in the usage of smartphones and cloud-based models and support from the government through investments. 

KEY PLAYERS IN THE GLOBAL PATIENT FLOW MANAGEMENT SOLUTIONS MARKET

Some of the noteworthy companies operating in the global patient flow management solutions market profiled in the report are Central Logic, Inc. (U.S.), Medworxx Solutions, Inc. (Canada), STANLEY Healthcare (U.S.), Awarepoint Corporation (U.S.), Care Logistics, LLC (U.S.), Allscripts Healthcare Solutions, Inc. (U.S.), Cerner Corporation (U.S.), McKesson Corporation (U.S.), TeleTracking Technologies, Inc. (U.S.), Intelligent InSites, Inc. (U.S.), Sonitor Technologies, Inc. (U.S.) and Epic Systems.

RECENT HAPPENINGS IN THE MARKET

• In October 2019, Epic introduced a new online resource for the exchange and used the information for third-party application developers. The third-party developer’s app for providers and health systems that can access API.
• In June 2019, TeleTracking Technologies had introduced SynapseIQ, which is a powerful analytic solution.SynpseIQ produces profits with 30years of patient flow expertise and is designed to make operational improvement easier.

DETAILED SEGMENTATION OF THE GLOBAL PATIENT FLOW MANAGEMENT SOLUTIONS MARKET INCLUDED IN THIS REPORT

This research report on the global patient flow management solutions market has been segmented and sub-segmented based on by product, type, delivery mode, component, and region.

By Product

• Integrated
• Standalone

By Type

• Real-Time Locating System
• Event-Driven Solutions

By Delivery Mode

• Web-based
• Cloud-based
• Premise

By Component

• Hardware
• Software
• Services
  • Consulting Services
  • Ongoing It Support & Implementation Services
  • Post-Sale & Maintenance Services

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa