Global Patient Flow Management Market to 2025
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The global patient flow management market is expected to reach US$ 2,126.6 Mn in 2025
from US$ 452.7 Mn in 2017. The market is estimated to grow with a CAGR of 21.9% from
2018-2025, owing to factors such as rising adoption of patient-centric approach by
healthcare providers and shortage of nursing staff and doctors.
North America is the largest geographic market and it is expected to be the largest revenue generator
during the forecast period. The Asia Pacific patient flow management market is expected to grow
with CAGR of 22.5% to US$ 364.72 Mn 2025 from US$ 74.42 Mn in 2017. Factors such technological
advancements and increasing adoption of IT in healthcare in countries such as, Japan and China, are
likely to grow the market in the forecast period.
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Market Insights
Rising Adoption of Patient-Centric Approach by Healthcare Providers
Patient-centric care is defined as healthcare system that establishes partnership among practitioners
and patients to ensure the decisions are supportive of the patient’s demands and needs. In recent
years, wireless technologies are built around the premise through which personalized data and
interactions prompted by the patient are able to be managed by both the patient and provider.
Smartphones are known as significantly important tools that helps to change the health-related
behaviors and to manage hospital schedules by patients and medical staff. These internet-based
tools also contribute to make healthcare practices more easy and manageable by, collecting health
data or healthcare information and offer services to the patients in terms of providing appropriate
guidance regarding the concern physicist and the related details of the time availability and
appointment scheduling. Due to the easy access and vast variety of applications, the large number
of people can use these have started using these tools to eliminate waiting times and get convenient
appointments.
Shortage of Nursing Staff and Doctors
The North American geographies, especially the US is facing serious shortage of physicians and
nursing staff, majorly due to the ageing population and impending retirements of the older
physicians. According to the data published by Association of American Medical Colleges (AAMC), the
US is expected to face a shortage of up to 120,000 physicians by 2030, impacting patient care across
the nation. Other statistics reported by FirstQuoteHealth in June 2018 show that primary physicians
have a projected lack be in the vicinity of 8,700 and 43,100 by 2030. Additionally, the country also
faces a huge shortage of nursing staff owing to an influx of patients into our health system, the
retirement of baby boomers. The burden of resource shortage impacts nurses working in the
profession due to piling up of the work. The rising shortage translates into increased wait time for
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