Patient Throughput and Capacity Management Market Growing at 5% CAGR

(Newswire.net — July 13, 2017) New York City, New York — Medical organizations are increasingly adopting technical solutions that help and organize patient care management in order to align resources in the healthcare settings. In addition, hospitals are increasingly adopting patient throughput & capacity management solutions in order to tackle various challenges regarding management of growing space and capacity. Persistence Market Research has recently compiled a report, which reveals that the global patient throughput & capacity management market will witness a CAGR growth of 5% over the forecast period, 2016-2024.

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Factors Fuelling Growth of the Global Market

Increasing need for arranging, and managing patient care information has led various healthcare organizations to adopt technological solutions. Hospitals and clinics are increasingly installing solutions for patient throughput & capacity management in order to manage, and organize patient care information. Such factors are likely to impact growth of the global patient throughput & capacity management market positively. Moreover, increasing use of functional capacity through enhanced patient throughput solutions is a significant trend fuelling demand for patient throughput & capacity management globally. Such factors are likely to contribute towards growth of the global patient throughput & capacity management market significantly during the predicted years.

RTLS to Remain a Dominant Segment

Real time locating system among other types of products is likely to witness a significant demand throughout 2024. RTLS solutions will account for over one-third of the market share globally, and is likely to remain dominant in terms of sales during the predicted years. Workflow management among other solutions will account for a constant revenue share globally by the end of 2024.

Bed management among other solutions is likely to register a CAGR growth of 5.2% by the end of 2024. Majority of the products available in the global patient throughput & capacity management is mainly offered as an integrated solution. The integrated solutions among others is likely to exceed a revenue share of 65%, whereas demand for standalone solutions is likely to witness a decline globally by the end of 2024. On-premise among other models accounts for 40% of the global market for patient throughput & capacity management. In terms of revenue, this segment will account for around US$ 500 million during the predicted period. Cloud-based among other delivery segments is likely to witness a dip in terms of revenue growth throughout 2024.

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North America to Represent a Leading Market

North America among other regions is likely to remain dominant in the global patient throughput & capacity management market during the predicted period. The market for patient throughput & capacity management in this region is likely to witness an upsurge in demand in the healthcare sector through 2024. This is mainly due to increasing adoption of intelligent solutions, and technological developments in the healthcare sector throughout 2024. The patient throughput & capacity management market in Europe is likely to represent sizeable impact on the global market. The market for patient throughput & capacity management in this region will register a growth of 5.3% CAGR during the predicted period.

Market Players

Leading players operating in the global patient throughput & capacity management market include STANLEY Healthcare, EPIC Systems Corporation, Care Logistics LLC, Central Logic, TeleTracking Technologies, Inc., McKesson Corporation, Allscripts, Sonitor Technologies, Inc., Cerner Corporation, and Awarepoint Corporation.