Market Insight- Global Patient Throughput & Capacity Management Market

Market Overview

Capacity management refers to practice of ensuring business optimizes its potential activities and production output at all times under any circumstances. The capacity management aids in evaluating how much companies can produce, achieve or sell within a time period. Capacity management deals with the regulation of performance engineering during the requirements and design activities of building systems. It also interacts during performance supervision as an input for managing capacity of deployed systems. Furthermore, patient throughput or flow refers to the movement of patient through healthcare facility. It includes physical resources, medical care, and internal systems required to proceed patients from the admission point to the discharge point and maintain the quality and patient/customer satisfaction at the same time.   

The global patient throughput & capacity management market was valued at US$ 956.6 Mn in 2019, and is expected to grow at a CAGR of 5 % during the forecasted period (2019-27).

Market Dynamics- Driver

  1. Increasing patient pool in hospitals and nursing homes is expected to drive growth of the global patient throughput & capacity management market during the forecast period

Increasing incidences of accidents, disease, and trauma worldwide have increased the patient pool significantly. According to the Association for Safe International Road Travel (ASRHT), around 20-50 million people are injured or disabled annually in road accidents. According to the same source, road traffic crashes are the 9th leading cause of death, which accounts for 2.2% of deaths globally. Moreover, according to the World Health Organization (WHO), chronic diseases are the leading cause of death globally. Despite these numbers, hospital beds and healthcare professionals are not increasing at similar rates, which is creating disparity between demand and supply. It can be effectively managed with patient throughput and capacity management solutions. Therefore, increasing number of patients worldwide is expected to boost the global patient throughput & capacity management market during the forecast period.

  1. Increasing need for greater efficiency is expected to propel the global patient throughput & capacity management market over the forecast period

Management of existing resources is a critical issue for hospitals and healthcare service providers. Increasing number of in-patients combined with insufficient resources has increased the need for patient throughput and capacity management solutions. Hospitals are required to maximize the use of resources, in order to provide better patient care and generate more revenue. In such situations, patient throughput and capacity management enhance hospital’s efficiency and revenue. These solutions are offers in different modules such as assets and bed management, real-time location tracker, and patient flow tracker. Moreover, advancements in technology and inclusion of user-friendly features are expected to support growth of the global patient throughput & capacity management market over the forecast period.

North America region dominated the global patient throughput & capacity management market in 2019, accounting for 55.2% share in terms of value, followed by Europe and Asia Pacific, respectively

Patient Throughput and Capacity Management  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics- Restraints

  1. Inconsistency in bed demand is expected to restrain growth of the global patient throughput & capacity management market over the forecast period

Although patient throughput and capacity management can maximize the bed occupancy, the patient flow remains indeterminate and scenario-driven. There is a possibility of demand forecast differing from real scenario thereby resulting lower demands for beds and healthcare services. This, in turn, is expected to restrain growth of the global patient throughput & capacity management market in the near future.

  1. Low awareness among healthcare providers and high initial cost are expected to hinder the global patient throughput & capacity management market growth during the forecast period

Patient throughput & capacity management services are quite popular in developed countries though there is lack of awareness regarding benefits of these services in emerging economies. Secondly, high initial costs are another major factoring hindering the adoption of these services. Therefore, lack of awareness and high costs issues are expected to hamper the market growth over the forecast period.

Market Opportunity

  1. Availability of reimbursement policies is expected to create major growth opportunities in the near future

Most healthcare procedures are covered by reimbursement policies and more people are adopting healthcare insurance across the globe as a result. Furthermore, more people can adopt surgical procedures that were previously unaffordable. However, this is resulting in increased workloads for hospital staffs, thereby necessitating the use of patient throughput & capacity management solutions to facilitate reliable and efficient patient care. Such factors are expected to pose lucrative business opportunities.

  1. Increased government funding in healthcare facilities is expected to pose major growth opportunities

Governments of various countries are focused on investing in healthcare infrastructure, which has accelerated the adoption of patient throughput & capacity management solutions. Hospitals receive lucrative incentives and funding from government agencies for adopting electronic solutions to improve management. This, in turn, is expected to create excellent growth opportunities for market players in the during the forecast period.

Patient Throughput and Capacity Management  | Coherent Market Insights

Source: Coherent Market Insights

In global patient throughput & capacity management market, by product type segment real time locating system (RTLS) sub-segment dominated the global patient throughput & capacity management market in 2019, accounting for 34.7% share in terms of value, followed by workflow management services, bed management solutions among others respectively.

Patient Throughput and Capacity Management  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Reduction in labor costs

Patient throughput & capacity management solutions monitor and automate workflow with greater efficiency, thereby decreasing labor costs, as staff deployment is optimized. This is a major factor expected to drive market growth during the forecast period.

  1. Increased Hospital Revenues

Patient throughput & capacity management solutions enhance asset and resource management and facilitate efficient allocation of healthcare staff, which in turn, increases productivity and reduces time and asset wastage. It also reduces mismanagement. This has resulted in increased adoption of patient throughput & capacity management solutions in the healthcare industry. This trend is expected to continue during the forecast period.

Competitive Section

Key players involved in the global patient throughput & capacity management market are STANLEY Healthcare, Awarepoint Corporation, Sonitor Technologies, Inc., McKesson Corporation, Central Logic, CERNER CORPORATION, Care Logistics LLC, TeleTracking Technologies, Inc., and Allscripts.

Key Developments

  1. Major market players are involved in product and service launches, in order to enhance their market presence. For instance, in October 2016, STANLEY Healthcare introduced its new web-based management dashboard for areal emergency call platform, which harnesses the power of real-time visual analytics to give executive directors and others a comprehensive overview of how their community or network is performing against key benchmarks for resident safety and security.
  2. Key companies in the market are focused on product and service launches, in order to expand their product portfolio. For instance, in February 2019, TeleTracking Technologies, Inc., a U.S.-based technology company, introduced next-generation platform capabilities with patient access and analytics solutions at HIMSS19.

Patient throughput & capacity management is a solution which helps to track the patient clinical data and also helps in managing the efficient flow of patients through the hospital, ensuring timely and appropriate level of care. Moreover, the capacity management aids in evaluating how much companies can produce, achieve or sell within a time period. Capacity management deals with the regulation of performance engineering during the requirements and design activities of building systems.

Market Dynamics

Increasing patient pool in hospitals and nursing homes is expected to drive growth of the global patient throughput & capacity management market during the forecast period. As increasing incidences of accidents, disease, and trauma worldwide have increased the patient pool significantly. According to the Association for Safe International Road Travel (ASRHT), around 20-50 million people are injured or disabled annually in road accidents. According to the same source, road traffic crashes are the 9th leading cause of death, which accounts for 2.2% of deaths globally. Moreover, according to the World Health Organization (WHO), chronic diseases are the leading cause of death globally. Moreover increasing expenditure on healthcare facilities is also expected to drive the market positively during the forecasted period 2019-27.

Market Taxonomy

This report segments the global patient throughput & capacity management market on the basis of product type the market is segmented into, workflow management solutions, asset management solutions, bed management solutions, quality patient care solutions, real time locating system (rtls) and event driven solutions (online registration solution, attendance management tool, event driven patient tracking and others). On the basis of solution type, the global patient throughput & capacity management market is segmented into, standalone solution and integrated solution. On the basis of delivery mode the market is segmented into On-premise and Cloud based. On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the global patient throughput & capacity management market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global patient throughput & capacity management market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key players operating in the global patient throughput & capacity management are STANLEY Healthcare, Awarepoint Corporation, Sonitor Technologies, Inc., McKesson Corporation, Central Logic, CERNER CORPORATION, Care Logistics LLC, TeleTracking Technologies, Inc., and Allscripts.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global patient throughput & capacity management market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global patient Throughput & Capacity Management market.

Detailed Segmentation:

  • Global Patient Throughput & Capacity Management Market, By Product Type:
    • Workflow Management Solutions
    • Asset Management Solutions
    • Bed Management Solutions
    • Quality Patient Care Solutions
    • Real Time Locating System (RTLS)
    • Event Driven Solutions
      • Online Registration Solutions
      • Attendance Management Tools
      • Event Driven Patient Tracking
      • Others
  • Global Patient Throughput & Capacity Management Market, By Solution Type:
    • Standalone Solutions
    • Integrated Solutions
  • Global Patient Throughput & Capacity Management Market, By Delivery Mode:
    • On Premise
    • Cloud-Based
  • Global Patient Throughput & Capacity Management Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa
  • Company Profiles (Bicycle Manufacturer)
    • STANLEY Healthcare*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Awarepoint Corporation
    • Sonitor Technologies, Inc
    • McKesson Corporation
    • Central Logic
    • CERNER CORPORATION
    • Care Logistics LLC
    • TeleTracking Technologies, Inc
    • Allscripts

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Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Solution Type
      • Market Snippet, By Delivery Mode
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Patient Throughput & Capacity Management Market, By Product Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Workflow Management Solutions
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Asset Management Solutions
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Bed Management Solutions
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Quality Patient Care Solutions
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Real Time Locating System (RTLS)
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Event Driven Solutions
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
        • Online Registration Solutions
        • Attendance Management Tools
        • Event Driven Patient Tracking
        • Others
  5. Global Patient Throughput & Capacity Management Market, By Solution Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Standalone Solutions
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Integrated Solutions
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  6. Global Patient Throughput & Capacity Management Market, By Delivery Mode, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • On Premise
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Cloud-Based
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  7. Global Patient Throughput & Capacity Management Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Solution Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Delivery Mode, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Solution Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Delivery Mode, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Solution Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Delivery Mode, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Solution Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Delivery Mode, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Product Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Solution Type, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Delivery Mode, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Israel
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • STANLEY Healthcare
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Awarepoint Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Sonitor Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • McKesson Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Central Logic
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • CERNER CORPORATION
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Care Logistics LLC
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • TeleTracking Technologies, Inc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Allscripts
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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