Seattle, July 08, 2022 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global patient flow management solutions market is estimated to be valued at US$ 1,071.2 million in 2022 and is expected to exhibit a CAGR of 18.8% during the forecast period (2022-2030).
Key Trends and Analysis of the Global Patient Flow Management Solutions Market:
Major players operating in the market are focusing on adopting inorganic growth strategies such as merging to meet increasing demand of patient flow management. For instance, in June 2021, Healthcare Systems & Technologies, LLC Pathways, (HST) announced merger with Clariti Health, LLC, a firm in Healthcare Price Transparency. The merger combines HST Pathways’ revenue cycle management tool with premium solutions in patient flow management to address Ambulatory Surgery Centers (ASC) patients, providers, and administrative needs. HST Pathways is a leader in ASC cloud-based technology with more than 15 years of experience in the industry. The merger combines HST Pathways’ revenue cycle management tool and Clariti Health’s timely information for patients relating to their insurance benefits, payment responsibility, and payment options to enhance the overall patient experience. The merger will offer enhancements in patient price transparency for HST Pathways’ end-to-end solution suite and encompasses the complete life cycle of a surgical case, including the physician office, surgery center, and pre- and post-surgery patient experience.
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Key Market Takeaways:
The global patient flow management solutions market is expected to exhibit a CAGR of 18.8% during the forecast period due to the increasing adoption of inorganic growth strategies such as acquisition by the key players in the market. For instance, in August 2021, ModivCare Inc., a U.S.-based company known for quality patient transportation, meal delivery, and remote patient monitoring announced acquisition with VRI, a leading provider of remote patient monitoring solutions. This acquisition of VRI with ModivCare Inc. promoted a national remote patient monitoring and medication management platform. Advances ModivCare’s vision helped the provider of comprehensive supportive care services that address the social determinants of health, including non-emergency medical transportation, personal care, remote monitoring, medication management, and nutrition.
Among component, software segment accounted for the largest share in 2022. Software is an integral and essential part of patient flow management solution system. Patient flow management solution software is used in managing, tracking, and reporting patient data, and are designed for clinics and hospitals that have a huge inflow of patients.
Among delivery mode, web-based/cloud-based segment accounted for the largest share in 2022, as it allows automatic software updates, easy accessibility to information, proper document controlling, and low cost solution as compared to on-premise delivery system.
Competitive Landscape:
Key players operating in the global patient flow management solutions market include Getinge AB, Allscripts Healthcare Solutions, Inc., Cerner Corporation, McKesson Corporation, Epic Systems Corporation, Aptean, Inc., Sonitor Technologies, Inc., Stanley Black & Decker, Inc., and TeleTracking Technologies, Inc.
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Market Segmentation:
- Global Patient Flow Management Solutions Market, By Product Type :
- Integrated
- Standalone
- Global Patient Flow Management Solutions Market, By Component:
- Hardware
- Software
- Services
- Global Patient Flow Management Solutions Market, By Delivery Mode:
- Web-based/Cloud-based
- On-premise
- Global Patient Flow Management Solutions Market, By End User:
- Hospitals
- Clinics
- Others
- Global Patient Flow Management Solutions Market, By Region:
- North America
- By Country
- U.S.
- Canada
- By Country
- Latin America
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Country
- Europe
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Country
- Asia Pacific
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Country
- Middle East
- By Country
- GCC
- Israel
- Rest of Middle East
- By Country
- Africa
- By Region/Country
- South Africa
- Central Africa
- North Africa
- By Region/Country
- North America
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Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
