The global patient flow management market is projected to expand from US$ 452.66 million in 2017 to US$ 2,126.64 million by 2025, reflecting a compound annual growth rate (CAGR) of 21.9% during the forecast period.
Several factors are driving this growth, including the increasing adoption of a patient-centric model by healthcare providers and the ongoing shortage of nursing staff and physicians. These elements are anticipated to significantly enhance market expansion in the coming years. Conversely, challenges such as a lack of skilled IT professionals and the potential risks associated with cyber threats may hinder market progress. The current landscape of mobile health platforms is evolving rapidly, with the adoption of advanced technologies expected to further stimulate the patient flow management market's growth throughout the forecast period. In 2017, Canada saw an estimated 24.02 million smartphone users. The rising prevalence of smartphones, coupled with advancements in wireless network technology, is facilitating the development of a more efficient digital healthcare system, creating new opportunities to tackle issues related to accessibility, quality, effectiveness, efficiency, and cost in healthcare. Furthermore, the use of healthcare applications on smartphones is also on the rise among the general population. For example, a report published in the JMIR Mhealth Uhealth Journal in October 2016 indicated that 58.23% of mobile phone users surveyed in the United States had downloaded and utilized healthcare applications for various purposes. This trend is likely to lead to a greater adoption of mobile health technologies within the digital health community, becoming a significant aspect of the patient flow management market.
The global patient flow management market is categorized by product into integrated and standalone solutions. In 2017, the standalone segment commanded the largest market share, accounting for 68.4% of the patient flow management solutions. This segment is expected to maintain its dominance through 2025, primarily due to the widespread use of standalone patient flow management solutions in healthcare facilities worldwide. However, the integrated segment is projected to experience the highest growth rate of 22.6% from 2018 to 2025.
When examining the market by component, it is divided into software, hardware, and services. In 2017, the software segment led the market, contributing 46.5% of the total share. Software components are designed to be compatible with standalone solutions provided by manufacturers and can also be integrated with various devices, including computers and mobile systems, which are essential for healthcare providers. This compatibility is expected to sustain the software segment's significant market share in the years ahead.
The report on the global patient flow management market incorporates insights from various primary and secondary sources, including the World Health Organization (WHO), the American Hospital Association, the National Center for Biotechnology Information (NCBI), the Healthcare Information and Management Systems Society, the National Ambulatory Care Reporting System, and the Organization for Economic Co-operation and Development (OECD), among others.