Pune, India -- (SBWire) -- 03/15/2019 --Patient Flow Management Market is expected to grow from US$ 452.7 Mn in the year 2017 and is expected to reach US$ 2,126.6 Mn by 2025 growing at a CAGR of 21.9% over the forecast period. The report highlights the trends prevalent in the global patient flow management market and the factors driving the market along with those that act as deterrents to its growth.
Global patient flow management market, based on the product was segmented into standalone and integrated systems. In 2017, the standalone segment held a largest market share of 68.4% of the patient simulators, by product.
This segment is also expected to dominate the market in 2025. The growth of the market is primarily attributed to the existing large use of standalone systems as these systems are can easily be monitored as well as offers freedom of complete access to all facets. However, the integrated segment is expected to grow with the fastest growth rate of 22.6% during the forecast period, 2018 to 2025.
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Top Dominating Key Players:
1. McKesson Corporation
2. Care Logistics
3. Epic Systems Corporation
4. Intelligent In Sites
5. Aptean
6. Cerner Corporation
7. Teletracking Technologies, Inc.
8. Central Logic
9. Allscripts Healthcare Solutions, Inc.
10. Sonitor Technologies
The market players are indulged into development and introduction of new products and services in the market to sustain their significance. For instance, in April 2016, Care Logistics announced the availability of the Target LOS Tool. The tool is a web based program that assists hospital admissions staff quickly and easily allocate correct patient DRGs and lengths-of-stay targets, helping ensure appropriate care and reimbursements. The developments performed by the companies are helping the market to grow in the coming years.
Key factors driving the market are rising adoption of patient centric approach by healthcare providers in the region and shortage of nursing and physician staff. However, lack of skilled IT professionals to develop these solutions and risks associated with cyber-threats with the use of these management solutions leading to data breach are anticipated to be the factors restraining the market growth.
Patient Flow Management Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.
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Patient Flow Management Market Is Expected to Reach US $2,126.6 Mn by 2025 Growing at a CAGR of 21.9% over the Forecast Period
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