Patient Throughput & Capacity Management Market Size, Share, Growth & Forecast (2024-2032)

Patient Throughput & Capacity Management Market Synopsis:

Patient Throughput & Capacity Management Market Size Was Valued at USD 1,319.3 Million in 2023, and is Projected to Reach USD 1,894.1 Million by 2032, Growing at a CAGR of 4.10% From 2024-2032.

The patient throughput & capacity management market is confined in the technologies and solutions which aim at the improvement of the patient flow, utilization rate of the healthcare facilities and the efficiency of the patient care processes. These tools assist with the tracking of patient flows through different points of care to admission and discharge through tracking of assets, real time location systems (RTLS) and bed management to minimize patient waiting times and to optimize utilization of the hospital’s assets.

The Patient Throughput & Capacity Management market has emerged as essential as many healthcare institutions look forward to increasing output, which entails cutting the time patients spend waiting to be attended in clinics. As patient load is ascending, the hospitals, clinics, and surgical facilities are implementing sophisticated applications for coping with the load these include real-time location system, bed management, and patient flow management software. These tools facilitate efficient communication of the health care staff, optimise the use of available space, and guarantee timely management of patients. Thus, the global market for patient throughput and capacity management is emerging due to the usage of these technologies that enable providers to achieve quality outcomes while maintaining the capacity.

Patient throughput and capacity management needs have emerged due to prevailing operational cost restraints, extended patient waiting, and compromised health care standard outcomes. The use of RTLS and bed management systems enables the uptake of advanced technologies that give healthcare managers timely information to determine the use of available resources. The implementation of these solutions provides more satisfaction to patients as well as the mark legal compliance of healthcare providers in terms of hospital care and operation. As the healthcare industry advances in the utilization of digital technology, the market is likely to experience steady growth creating better healthcare solutions in the world.

Due to the growing awareness of the benefits of better organised patient flow in hospitals, healthcare management is more focused on increasing efficiency of the processes in emergency departments, intensive care units, and surgical centers. Due to the increase of a elderly people in a world and the increase of chronic diseases, the demand to healthcare facilities remains high. It makes the need for solutions that help hospitals and clinics properly control their capacity and patient flows grow. As the market demands to optimise activities in healthcare facilities, patient throughput and capacity management related technologies will experience increasing demand, hence a growth in the market size.

Patient Throughput & Capacity Management Market Trend Analysis:

Integration of AI and Machine Learning

• The most noticeable trend of the market is artificial intelligence and machine learning application in patient throughput and capacity management solutions. Combing the AI analytics in healthcare providers can be useful as patient flow is forecasted and resources tend to address the flow. Data analytics and clinical trends, patient characteristics, and utilization history of beds and staffs can be used for demand forecasting, and healthcare facilities can adapt staffing of beds in anticipation of the likely patient turnout. This helps eliminate congestion and guarantee the attending of all the patients on the recommended time thus enhancing operations productivity and patient satisfaction.
• It also played a role in improving the decision-making process with relation to patient flow. Input from functioning AI programs can tell the healthcare personnel about right rooms to assign to the patients, when the patients are likely to be discharged, and even how the transfers of patients from one department to another can be handled. Incorporating them with existing patient flow solutions becomes easier with time, meaning that as AI technology grows, healthcare providers can respond quicker to patients’ needs. This trend is expected to shape the growth of this market with the help of AI as well as the machine learning that improves the functionality of throughput management systems.

Expansion in Emerging Markets

• The Patient Throughput & Capacity Management Market has a massive potential for growth especially in the EMs. With increasing investment in healthcare facilities as witnessed in Asia-Pacific, Latin America, and the Middle East the need for sophisticated healthcare solutions like patient throughput management system also rises. These are areas are witnessing enhanced urbanization and increased health care expenditure that is stretching the uptake of effective technologies in the facilities. The governments are also concentrating on the enhancement of healthcare services that involve up gradation of the hospitals and clinics which will add to the demand for throughput patient management solutions.
• Healthcare Systems in emerging economies are beginning to appreciate the fact that out-patient flows need to be well managed and resources have to be fully leveraged within the system. Despite the heads up and concerns represented here, it seems that throughput and capacity management are niches that need new scientific boons, thus, this offers a main chance to the firms supplying these kinds of results. Since the solutions are affordable and flexible in terms of implementing the changes, suppliers can attract many customers from emerging markets. More popular indications of this trend can be seen in the element that as the developed healthcare systems are expanding in these dynamic regions of the world, there are good market prospects for the Patient Throughput & Capacity Management Market in these developing markets.

Patient Throughput & Capacity Management Market Segment Analysis:

Patient Throughput & Capacity Management Market is Segmented on the basis of Product, Component, Deployment Mode, End User, and Region.

By Product, Asset Tracking Solutions segment is expected to dominate the market during the forecast period

• The market is divided into product types or categories with asset tracking solutions, real time locating systems (RTLS), bed management solutions, and patient flow management solutions. Mobile asset tracking has of late evolved as an important solution within the healthcare sector where hospitals require efficient tracking and identification of vital medical assets, which would have been needed soon. Such systems are useful in enhancement of resources since it saves time searching for equipment and also provides solutions to cases where resources are misplaced. Real-time location systems (RTLS) are becoming popular because, in real-time, they can monitor patients, staff, and equipment, thus giving healthcare organizations valuable data on the time needed to trace people and goods.
• Other related products include bed management solutions as they play another key aspect of the patient throughput market to help healthcare facility manage on their bed stock. They make it possible to avoid misallocation of beds and have an overall positive effect because they enable patient flows throughout departments to be optimised. Patient flow solutions comprise many subsystems like RTLS, beds, and scheduling systems that combine to link the patient’s journey from the time they seek admission to the moment they are discharged. This innovative, system-wide view of throughput control allows healthcare facilities to optimize productivity and clinical outcomes at the same time.

By End User, Hospitals segment expected to held the largest share

• Hospitals are the biggest consumers of patient throughput and capacity management solutions since they handle the largest patient traffic and organizations need to have the most efficient methods of handling resources. Hospitals especially require the best patient flow to ensure they attend to patients in the right time to increase patient satisfaction. Another large end user includes ambulatory surgical centers, as they seek ways to discharge patients more quickly and enhance their facility’s performance. They use patient tracking systems in order to optimize the way in which the patients move within the centre and within the hospital.
• Specialty clinics are also implementing technologies in patient throughput management to enhance the efficiency of operation and patient’s result. Many of these clinics address particular diseases and maximizing the clinics’ patient flow can greatly improve the delivery of focused patient care necessary in these clinics. The remaining other category is constituted of other small hospitals, clinics and outpatient centres, urgent care centers and other healthcare facilities: It comprises other small hospitals, outpatient clinics and urgent care centres and other healthcare facilities that are also implementing throughput management solutions albeit at a much smaller degree. All in all, still the hospital overall has the largest percentage of end-use for these solutions; however other healthcare delivery institutions are progressively availing these solutions for improvement of their operations and recipients’ benefit.

Patient Throughput & Capacity Management Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America is the largest revenue generating market within the global Patient Throughput & Capacity Management Market mainly due to the factors such as technological advancements in the healthcare industry, high demand for technologies, and increased spending on the Electronic Healthcare System. Both the U.S. and Canada have been ahead of the technological integration curve when it comes to patient flow management solutions and application of related systems. These countries consist of perhaps some of the most giant healthcare industries that set sufficient capital into the enhancement of its productive efficiency and of patients’ well-being. Also, North American region has favorable laws on the implementation of health digital solutions, which greatly help the growth of the market.
• This demand for patient throughput management solutions is also boosted by the growing number of hospitals and other health care centres, the rising incidence of diseases, and the ageing population in North America. These factors created health care pressures that require health care managers to minimize the time patients spend within the facilities necessitating the need for patient flow management solutions. Owing to superior technology, the globalization of healthcare services delivery and increasing focus towards enhancing the quality of health services offered, North America is projected to retain its leading market throughout the projected period.

Active Key Players in the Patient Throughput & Capacity Management Market

• Ascom Holding AG (Switzerland)
• Cerner Corporation (USA)
• Connexall (Canada)
• GE Healthcare (USA)
• Hill-Rom Holdings (USA)
• Infor (USA)
• Medtronic (Ireland)
• Philips Healthcare (Netherlands)
• Siemens Healthineers (Germany)
• Stanley Healthcare (USA)
• TeleTracking Technologies (USA)
• Zebra Technologies Corporation (USA)
• Other Active Players.

Key Industry Developments in the Patient Throughput & Capacity Management Market:

• In December 2023, with a fresh USD 1 billion valuation, LeanTaas emerged as the first HealthTech unicorn of 2023, and it now has over 1,000 hospitals and centers as clients. Healthcare companies across 49 states and in various healthcare settings, including university medical institutions, integrated delivery networks, and single- mission cancer centers, depend on the LeanTaaS iQueue platform. This platform powers their 19,500 inpatient beds, 13,750 infusion chairs, and 5,300 operating rooms.
• In September 2023, SAS, an artificial intelligence and analytics firm, unveiled a new revolutionary healthcare platform designed to expedite patient insights, enhance data governance, and simplify health data and administration. Healthcare providers, insurers, and public health organizations are going to have the agility and speed required to lead medical developments that can enhance patient outcomes and experience owing to an end-to-end enterprise analytics and data automation solution.
• In April 2023, Siemens Healthineers, a top medical equipment provider, and LeanTaaS, an industry leader in Al- powered and SaaS-based capacity management, staffing, and patient flow software for health facilities, established a new strategic partnership. According to the terms of the agreement, this partnership is going to promote the achievement of goals, including better accessibility for patients, staff, and physician satisfaction and revenue growth for big hospitals and health systems inside the Siemens Healthineers network.