North America Patient Flow Management Solution Market

North America Patient Flow Management Solution Market Size (2023 to 2028):

The size of the North America Patient Flow Management Solutions market was valued at USD 354.77 Million in 2023 and is expected to reach USD 907.34 Million by 2028 forecasted to be growing at a vibrant CAGR of 20.66% from 2023 to 2028.

Growing demand for patient flow management solutions to reduce overcrowding, hospital efforts to relieve patients waiting for treatment, and efficient bed utilization are essential factors that are expected to drive the market growth overall during the forecast period. The growing demand to improve the quality of patient care and the increasing need to cut costs by reducing labor costs and human error are other factors that are expected to drive the market growth target during the forecast period. Additionally, the increasing number of hospital admissions and the lack of qualified healthcare professionals are some of the other factors that are expected to drive the growth of the target market during the forecast period.

However, data storage security against unauthorized access to medical records is a significant concern, and the lack of qualified IT professionals is also limiting the growth of the market. Despite the many benefits of patient flow management solutions, hurdles - such as huge investments, a lack of skilled IT professionals, and concerns about patient data security, are hampering the growth market.

The research report on the North America Patient Flow Management Solution Market has been segmented and sub-segmented into the following categories:

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 Country: 

• United States
• Canada 
• Rest of North America

Regionally, the North America had the largest share in the global market in 2019 owing to government initiatives that encourage the adoption of patient flow management solutions, focus on improving the quality of care, and shift towards a patient-centric system.

In North America, hospitals face financial challenges with declining bed margins. Hospitals need to increase capacity by improving patient movement from admission to first discharge. At every point of care, hospitals can reduce wait times and ensure an optimal patient-staff ratio. According to GE Health Care estimates, Americans lose an estimated 1.2 million hours in emergency departments each year. Real-Time Tracking Systems (RTLS) are used to examine the process and optimize workflows. These systems use beacons, which are implemented on every person or item. It is then monitored in real-time, using sensors and transceivers installed throughout the hospital.

Prominent Companies dominating the North America Patient Flow Management Solution Market Profiled in the Report are Central Logic, Inc, Medworxx Solutions, Inc, STANLEY Healthcare, Awarepoint Corporation, Care Logistics, LLC, Allscripts Healthcare Solutions, Inc, Cerner Corporation, McKesson Corporation, TeleTracking Technologies, Inc, Intelligent InSites, Inc, Sonitor Technologies, Inc, Epic Systems.