Event Driven Patient Tracking Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
"The Report Event Driven
Patient Tracking Systems Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2016 - 2024 provides information
on pricing, market analysis, shares, forecast, and company profiles
for key industry participants. - MarketResearchReports.biz"
About
Event
Driven Patient Tracking Systems Market
Patient
tracking is a sophisticated process designed to monitor patient’s
movements, outside conventional clinical settings such as hospitals,
clinics, diagnostic center and laboratories. This increases the
access to care, and minimizes health care costs. Many health care
providers have started incorporating this method which has
significantly lowered the personal costs of patients, reduced
complications and improved quality of life of patients. Event driven
patient tracking usually involves monitoring and maintenance of
patient’s medical records, either manually by entering the details
of patient’s locations, or by use of software’s (RLTS, RFID, GPS,
etc.) and hardware components such as sensors, detectors and others.
Manual entries are made by an authorized person, usually a doctor or
a caregiver, who makes entries whenever an event takes place.
Software and hardware use technology to track the patient’s
whereabouts, triangulating their positions based on their last known
locations. Previously, manual methods or approaches were adopted by
healthcare providers for event driven patient tracking, but changing
market dynamics, increasing focus on a patient centric approach, and
rising financial and operational costs of hospitals, have shifted the
trend towards sophisticated systems to monitor patients.
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Demand
for bed capacity is projected to rise by 2024, and this is proving to
be a challenge for hospitals and other healthcare settings, as
physically increasing bed capacity is not a viable option, and hence
healthcare settings are shifting their focus towards improving their
ability to move patients through a treatment system, known as
“throughput”. New technologies in event driven patient tracking
systems, such as Real Time Locating System (RTLS), Radio Frequency
Identification (RFID), Global Positioning System (GPS), and other
technologies, allow caregivers to work efficiently by providing
real-time information about the patient and improving the workflow.
RTLS is adopted by major healthcare settings and hospitals,
but smaller hospitals, clinics, and diagnostic centers mainly opt for
RFID, GPS, and other systems, as RTLS is more costly, and
affordability of this technology is a major issue for smaller
healthcare settings.
The
global event driven patient tracking system is driven by factors such
as adoption of patient centric approach by healthcare providers,
seemingly increasing costs of healthcare services, which has led to
adoption of new technologies and approaches by hospitals and other
healthcare settings to reduce the pressure of increasing demands for
bed capacity, and rising return on investment.
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Event
driven patient tracking systems accounted for the largest share of
the patient flow management solutions market, in 2024. Event driven
patient tracking systems are segmented on the basis of product type,
delivery mode, components, and geography. By product type, the market
can be segmented into stand-alone devices, and integrated devices. By
delivery mode, the market can be segmented into cloud-based delivery
solutions, web-based delivery solutions, and premises based delivery
solutions. Based on Components, the market can be segmented into
hardware components, software components, and services. By geography,
the market is segmented into North America, Europe, Asia Pacific,
Latin America and the Middle East & Africa.
Geographically,
North America accounted for the largest share of the event driven
patient tracking systems market owing to factors such as use of
advanced technologies, and increasing emphasis on improving patient
flow coupled with increased focus on reducing costs related to health
care services. Asia Pacific market is expected to grow at a
formidable CAGR, during the forecast period from 2016-2024, owing to
its large population base, increasing gap between supply and demand
of health care services, technological advancements in the field of
cloud computing and web based services, and high scope of adoption of
these systems owing to largely unorganized patient flow management.
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The
major players having presence in the global event driven patient
tracking systems market include, Epic Systems, McKesson Corporation,
Allscripts, Cerner Corporation, Sonitor Technologies, Centrallogic
Medworxx, and TeleTracking Technologies, Inc.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth insights, understanding market evolution by tracking
historical developments, and analyzing the present scenario and
future projections based on optimistic and likely scenarios. Each
research report serves as a repository of analysis and information
for every facet of the market, including but not limited to: Regional
markets, technology developments, types, applications, and the
competitive landscape.
The
study is a source of reliable data on:
Key
market segments and sub-segments
Evolving
market trends and dynamics
Changing
supply and demand scenarios
Quantifying
market opportunities through market sizing and market forecasting
Tracking
current trends/opportunities/challenges
Competitive
insights
Opportunity
mapping in terms of technological breakthroughs
The
regional analysis covers:
North
America (U.S. and Canada)
Latin
America (Mexico, Brazil, Peru, Chile, and others)
Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries,
Belgium, Netherlands, Luxembourg)
Eastern
Europe (Poland, Russia)
Asia
Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle
East and Africa (GCC, Southern Africa, North Africa)
TMR
estimates the market size of various sectors using a combination of
available data on the number and revenue of companies within each
sub-sector and tiers of companies. The basic components used to
determine market size and forecast for a specific product area are
not only limited to supply-side data, but are also related to demand,
industry trends, and the economic outlook. All the above data points
are utilized to generate a statistical model targeting the sector
marketplace. More than 300 TMR analysts across the world integrate
these elements into a framework to determine the subsector market
size for a base year and then forecast growth within each market.
TMR
regularly interviews technology and business professionals as an
ongoing effort to track the latest developments within each sector.
These continuous surveys are stratified by company size and industry
segment and weighted to reflect the global market place. All data
are collected on an ongoing effort through a structured questionnaire
rolled over the web or conducted via telephones. This provides the
TMR team opportunities to request for detailed question sets, complex
skip patterns, and real-time calculations, which assists respondents
in answering questions involving numbers and percentages.
Respondents, who are interviewed as experts, are screened and
qualified based on certain criteria in addition to their
decision-making authority and the scope of activity within their
organizations.
Note:
Although care has been taken to maintain the highest levels of
accuracy in TMR’s reports, recent market/vendor-specific changes
may take time to reflect in the analysis.
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