According to FutureWise analysis the market for Patient Flow Management Solutions is expected to reach US$ 6.62 billion by 2031 at a CAGR of 22.50%.
Patients are the main and end component of the healthcare business and management of patient flow at healthcare facilities plays a key role in the healthcare business. Patient flow is defined as a manoeuvre of patients through the healthcare facility. Patient flow management can be implemented by the various sources like web-based tracking tools, direct consultation with health care facilities etc. The acquisition of flow management system through various sources accredits the healthcare industry to improve safety, efficiency and satisfaction of patients, better utilization of existing resources, and reduces patient wait time, cost while improving quality of healthcare.
Surging demand for patient care is expected to fuel the growth of the patient flow management solutions market. Demand is majorly driven by changing healthcare services to improve patient satisfaction for better management of the disease. Factors like changing government policies to advance healthcare services are an added advantage for rising demand. Additional, changing lifestyle and increasing per capita healthcare expenditure is expected to boost the growth of the patient flow management solutions market. Further, technology also played a critical role for better patient management and decreased the manual efforts. All these factors coupled with increasing capital investment by the private sector leads to an increase in quality and efficiency of the patient flow management. Other factors like rising healthcare burden on government agencies led to implementing the innovative patient flow management techniques and created opportunistic space for service providers. All these factors led to the potential growth of patient flow management solutions market.
North America and Europe patient flow management solutions market is expected to witness a high market share due to high penetration among the end user segment. Asia Pacific and Latin America are expected to create an opportunistic space for service providers.