Patient Flow Management Solutions Market by Type, Product, Component & Delivery Mode - Trends & Global Forecasts to 2019

The healthcare industry is undergoing a fundamental transformation globally as it shifts from a volume-based business to a value-based business. Growing demands from consumers for improved healthcare quality and greater value are forcing healthcare providers and payers to deliver optimized outcomes. In addition, the number of hospital admissions is rising globally but the healthcare infrastructure is not growing at a similar pace leading to overburdening of the healthcare system. In order, to overcome l these challenges and meet consumer expectations, healthcare providers are increasingly adopting patient flow management solutions which enable them to provide improved healthcare at reduced costs.
The global patient flow management solutions market is estimated to grow at a CAGR of 22% from 2014 to 2019, to reach $678.4 million by 2019 from $251 million in 2014.Over the years, the healthcare industry has realized that the traditional approaches to patient flow management and cost management are inefficient to keep pace with the emerging challenges. Therefore, patient flow management solutions will be among the priorities on the investment list of healthcare organizations for highly streamlined patient flow outcomes and cost management. Based on the mode of delivery, web-based solutions form the largest segment of the patient flow management solutions market in 2014. However, cloud-based solutions are the fastest-growing delivery mode.
In the segmentation based on type of solutions, the event-driven market will continue to hold a major market share during the forecast period. However, the RTLS market is expected to grow at a higher rate due to increasing awareness about RTLS-driven patient flow solutions and their benefits. Based on geography, North America is expected to grow at the highest CAGR. The high growth in the North American region can be attributed to factors such as government initiatives for patient flow management, shift towards a patient centric approach, and the focus on reducing healthcare costs.

The patient flow management solutions market is a fragmented with many small and few large players. The companies in this market focus on growth strategies such as client acquisitions; agreements, partnerships, collaborations, and alliances; new product launches; and others (event participation, marketing and promotion, and expansion) to increase their customer base.

The major players in the global patient flow management solutions market include Allscripts Healthcare Solutions, Inc. (U.S.), Awarepoint Corporation (U.S.), Care Logistics, LLC (U.S.), Central Logic, Inc. (U.S.), Cerner Corporation (U.S.), Intelligent InSites, Inc. (U.S.), McKesson Corporation (U.S.), Medworxx Solutions, Inc. (Canada), STANLEY Healthcare (U.S.), Sonitor Technologies, Inc. (U.S.), TeleTracking Technologies, Inc. (U.S.), and Epic Systems Corporation (U.S.).
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help the firms in garnering a greater market share. Firms purchasing the report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
‧ Market Penetration: Comprehensive information on product portfolio and services offered by the 10 major players in the patient flow management solutions market. The report analyzes patient flow management solutions across geographies

‧ Product Development/Innovation: Detailed insights on the upcoming technologies, research and development activities, and new product launches in the patient flow management solutions market

‧ Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets patient flow management solutions across geographies

‧ Market Diversification: Extensive information about new products and services, untapped geographies, recent developments, and investments in the patient flow management solutions market

‧ Competitive Assessment: In-depth assessment of strategies, products, and services of leading players in the patient flow management solutions market

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET SCOPE 16
1.2.1 MARKETS COVERED 16
1.2.2 YEARS CONSIDERED FOR THE STUDY 17
1.3 CURRENCY & PRICING 17
1.4 LIMITATIONS 17
1.5 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 19
2.1 SECONDARY AND PRIMARY RESEARCH METHODOLOGY 20
2.1.1 SECONDARY RESEARCH 20
2.1.2 KEY DATA FROM SECONDARY SOURCES 20
2.1.3 PRIMARY RESEARCH 21
2.1.4 KEY DATA FROM PRIMARY SOURCES 22
2.1.4.1 Key insights from primary sources 22
2.2 MARKET SIZE ESTIMATION METHODOLOGY 23
2.2.1 MARKET DATA VALIDATION & DATA TRIANGULATION 25
2.3 ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE PATIENT FLOW MANAGEMENT SOLUTIONS MARKET 30
4.2 GLOBAL PATIENT FLOW MANAGEMENT SOLUTIONS MARKET, BY COMPONENT 31
4.3 GROWTH RATE ACROSS GEOGRAPHIES 32
4.4 PATIENT FLOW MANAGEMENT: LIFE CYCLE ANALYSIS, BY GEOGRAPHY 33
5 MARKET OVERVIEW 34
5.1 INTRODUCTION 35
5.2 DRIVERS 35
5.2.1 ADOPTION OF A PATIENT-CENTRIC APPROACH BY HEALTHCARE PROVIDERS 35
5.2.2 REDUCED COSTS OF HARDWARE & SOFTWARE 35
5.2.3 GOVERNMENT INCENTIVES FOR HCIT ADOPTION 36
5.2.4 HIGH ROI, AN IMPETUS TO INSTALL PATIENT FLOW MANAGEMENT SOLUTIONS 36
5.2.5 SHORTAGE OF NURSING STAFF & DOCTORS WILL INCREASE THE NEED FOR SOLUTIONS 36
5.2.6 NEED FOR COST-CURTAILMENT MEASURES 37
5.3 RESTRAINTS 38
5.3.1 LACK OF SKILLED IT PROFESSIONALS RESTRAINING MARKET GROWTH 38
5.3.2 SECURITY CONCERNS, RISING INCIDENCES OF DATA SECURITY BREACH 39
5.3.3 LACK OF ADEQUATE INFRASTRUCTURE 39
5.4 OPPORTUNITIES 40
5.4.1 ASIAN REGION OFFERS HUGE POTENTIAL 40
5.4.2 INCREASING USAGE OF SMARTPHONES, TABLETS & PDAS TO BOOST ADOPTION OF SOLUTIONS 40
5.4.3 CLOUD-BASED MODELS TO OFFER SIGNIFICANT GROWTH OPPORTUNITIES 40
6 INDUSTRY TRENDS 42
6.1 PEST ANALYSIS 42
6.1.1 POLITICAL FACTORS 42
6.1.2 ECONOMIC FACTORS 42
6.1.3 SOCIAL FACTORS 43
6.1.4 TECHNOLOGICAL FACTORS 43
6.2 PORTER’S FIVE FORCES ANALYSIS 43
6.2.1 THREAT FROM NEW ENTRANTS 44
6.2.2 THREAT FROM SUBSTITUTES 44
6.2.3 BARGAINING POWER OF BUYERS 44
6.2.4 BARGAINING POWER OF SUPPLIERS 45
6.2.5 INTENSITY OF COMPETITIVE RIVALRY 45
6.3 PATIENT FLOW MANAGEMENT MARKET: EMPIRICAL ASSESSMENT OF GROWTH STRATEGIES 45
6.3.1 ROUTE TO STRATEGIC GROWTH: ORGANIC AND INORGANIC GROWTH STRATEGIES 45
6.3.2 ORGANIC GROWTH STRATEGIES 46
6.3.3 INORGANIC GROWTH STRATEGIES 48
7 PATIENT FLOW MANAGEMENT SOLUTIONS MARKET, BY PRODUCT 50
7.1 INTRODUCTION 51
7.2 INTEGRATED 52
7.3 STANDALONE 54
8 PATIENT FLOW MANAGEMENT SOLUTIONS MARKET, BY TYPE 56
8.1 INTRODUCTION 57
8.2 EVENT-DRIVEN PATIENT TRACKING 58
8.3 REAL-TIME LOCATING SYSTEMS 59
9 PATIENT FLOW MANAGEMENT SOLUTIONS MARKET, BY DELIVERY MODE 62
9.1 INTRODUCTION 63
9.1.1 ON-PREMISE 64
9.1.2 WEB-BASED 65
9.1.3 CLOUD-BASED 67
10 PATIENT FLOW MANAGEMENT SOLUTIONS MARKET, BY COMPONENT 70
10.1 INTRODUCTION 71
10.2 HARDWARE 72
10.3 SOFTWARE 73
10.4 SERVICES 74
10.4.1 CONSULTING SERVICES 74
10.4.2 ONGOING IT SUPPORT & IMPLEMENTATION SERVICES 74
10.4.3 POST-SALE & MAINTENANCE SERVICES 75
11 GEOGRAPHIC ANALYSIS 76
11.1 INTRODUCTION 77
11.2 NORTH AMERICA 78
11.2.1 PATIENT FLOW MANAGEMENT: STRATEGIC SOLUTION TO CURTAIL HEALTHCARE COSTS IN THE U.S. & CANADA 79
11.2.2 REGULATORY MANDATES STIMULATING PATIENT FLOW MANAGEMENT SOLUTIONS MARKET IN THE U.S. 79
11.2.3 FUNDING & TRAINING INITIATIVES IN THE U.S. & CANADA TO BOOST PATIENT FLOW MANAGEMENT SOLUTIONS MARKET 79
11.2.4 SUBSTANTIAL INVESTMENT PLANS EXPECTED TO TRIGGER PATIENT FLOW MARKETS IN THE U.S. 82
11.2.5 TECHNOLOGICAL INNOVATIONS PROPELLING THE PATIENT FLOW MANAGEMENT SOLUTIONS MARKET 82
11.3 EUROPE 82
11.3.1 CLINICAL UTILIZATION REVIEW PROGRAMS TO OFFER OPPORTUNITIES FOR PATIENT FLOW MANAGEMENT SOLUTIONS MARKET 83
11.3.2 HEALTHCARE IMPROVEMENT PROGRAMS IN THE U.K. TO BOOST THE PATIENT FLOW MANAGEMENT SOLUTIONS MARKET 83
11.4 ASIA 92
11.4.1 RAPIDLY GROWING INDIAN HEALTHCARE INDUSTRY TO ADOPT PATIENT FLOW MANAGEMENT IN THE COMING YEARS 92
11.4.2 NEW OUTLINE BY JAPAN’S INFORMATION & COMMUNICATION TECHNOLOGY PROPELS PATIENT FLOW MANAGEMENT SOLUTIONS MARKET 92
11.5 ROW 95
11.5.1 NEW ZEALAND GOVERNMENT EMPHASIZING ON A BETTER PATIENT FLOW MANAGEMENT APPROACH 95
11.5.2 RESEARCH INITIATIVES IN AUSTRALIA TO AID PATIENT FLOW MANAGEMENT SOLUTIONS MARKET 95
12 COMPETITIVE LANDSCAPE 98
12.1 INTRODUCTION 98
12.2 CLIENT ACQUISITIONS 99
12.3 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS 99
12.4 NEW PRODUCT LAUNCHES 100
12.5 ACQUISITIONS 101
12.6 EXPANSIONS 102
12.7 OTHERS 103
13 COMPANY PROFILES 104
(Overview, Financials, Products & Services, Strategy, & Developments)
13.1 INTRODUCTION 104
13.2 ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. 105
13.3 AWAREPOINT CORPORATION 108
13.4 CARE LOGISTICS LLC 110
13.5 CENTRAL LOGIC, INC. 113
13.6 CERNER CORPORATION 115
13.7 EPIC SYSTEMS CORPORATION 118
13.8 INTELLIGENT INSITES, INC. 120
13.9 MCKESSON CORPORATION 123
13.10 MEDWORXX SOLUTIONS, INC. 125
13.11 SONITOR TECHNOLOGIES 127
13.12 STANLEY HEALTHCARE (STANLEY BLACK & DECKER, INC.) 129
13.13 TELETRACKING TECHNOLOGIES INC. 133
*Details On Financials, Products & Services, Key Strategy, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.
14 APPENDIX 135
14.1 DISCUSSION GUIDE 135
14.2 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 138
14.3 AVAILABLE CUSTOMIZATIONS 139
14.4 RELATED REPORTS 140