Europe Patient Flow Management Market to witness an outstanding growth by 2027
The Europe Patient Flow Management
market is expected to reach US$ 502.7 Mn in 2025 from US$ 107.2 in 2017. The market is estimated to
grow with a CAGR of 21.8% from 2017-2025.
NHS hospitals in Europe are adopting innovative technologies like
digital bed management systems to manage patient flow efficiently. The
Institute for Healthcare Improvement has collaborated with more than 60
hospitals in the United Kingdom and the United States to assess factors that
influence the smooth and timely flow of patients in hospital departments and to
improve and implement approaches for managing the patient flow.
The
patient flow management solution improves healthcare staff and resource
utilization, which helps in addressing the issue of patient flow and enhances
better hospital decisions by making use of comprehensive real-time data which
is available to hospital management. The patient flow management solutions
reduce the cost of the healthcare facilities by reducing the labor cost.
According to Statista, in the UK, in 2018, in case of accident or emergency, the patient would spend an average of 64 minutes waiting before treatment would begin. This leads to the least patient-friendly services by healthcare organizations. Thus the productivity and patient satisfaction are affected. Thus many hospitals in the UK including Royal Free London, Bart's and University College London Hospitals have adopted patient flow management solutions that have expertise in patient flow, customer service and addresses the major concerns faced by many OPDs. Thus, owing to these factors, the market is likely to grow during the forecast period.
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According to Statista, in the UK, in 2018, in case of accident or emergency, the patient would spend an average of 64 minutes waiting before treatment would begin. This leads to the least patient-friendly services by healthcare organizations. Thus the productivity and patient satisfaction are affected. Thus many hospitals in the UK including Royal Free London, Bart's and University College London Hospitals have adopted patient flow management solutions that have expertise in patient flow, customer service and addresses the major concerns faced by many OPDs. Thus, owing to these factors, the market is likely to grow during the forecast period.
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In 2017, the standalone segment held the largest market share of
68.4% of the patient flow management, by product. This segment is also expected
to dominate the market in 2025, by product as these systems are easily
accessible and are convenient solutions. However, the integrated systems
segment is anticipated to witness the fastest growth rate during the forecast
period, 2017 to 2025, exhibiting a robust CAGR of 22.6% over the forecast
period.
Europe patient flow management market by the type was led by the
event-driven patient tracking segments. The event-driven patient tracking
segment has the largest market share in 2017, which accounted for 92.3% and is
expected to dominate the market in 2025. Similarly, the patient flow management
market by the component was led by the software segment. Whereas, the market of
the patient flow management in Europe by the delivery mode was led by the
web-based segment.
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Some of the major primary and secondary sources for patient flow
management included in the report are World Health Organization, Council of
European Professionals Informatics Societies, EDJNet - The European Data
Journalism Network, National Health Service (NHS) and Others.
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