Kenneth Research, in its repository of market research reports, has recently added a report on Referral Management Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Referral Management Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Referral Management Market products.
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“The global patient flow management market is likely to touch the revenue of ~USD 700 million by the end of 2021 and is likely to expand at a CAGR of 21% over the period 2022-2030. Patient flow management solutions are used to track movement, information, or equipment flow between patient tissues. These solutions use real-time data input in conjunction with analytics and statistical software to create efficient workflows. Patient flow management solutions enable hospitals, clinics and other departments to manage patient admissions, referrals, and queuing. Offers options to manage interactions, plan patient positions, adjust lengths, and increase patient satisfaction. Reduce paperwork. The main drivers of market growth are the high return on investment achieved using these solutions, the high demand for better quality of care, and the concern for patient satisfaction. Also, the shortage of doctors and nurses, increasing awareness of healthcare and the need to reduce hospital costs are contributing to the market growth.
In addition, factors such as increasing demand for cloud-based models, increasing adoption and use of smartphones, increasing product offerings, and collaboration and partnerships among market players are driving the market growth. However, increased hacking could hamper market growth during this period due to security breaches, high upfront investment, lack of skilled personnel, and inadequate infrastructure for using patient flow management solutions.
The global Patient Flow Management Solutions market can be segmented by product, component, type, delivery method, end user, and region. On the basis of product, the market can be divided into real-time positioning systems and event solutions. In terms of components, the market can be divided into hardware, software and services.
Based on type, the market is divided into prime solutions and point solutions. The Integrated Solutions segment aims to drive market growth. Depending on the distribution method, the market is divided into local, cloud and website. The cloud-based industry is expected to witness significant growth over the forecast period as the adoption of these solutions increases. End users divide the market into hospitals, clinics, etc.
Geographically, the global market can be divided into 5 regions including North America, Latin America, Asia Pacific, Europe, Middle East and Africa. North America is the market leader for patient flow management solutions and is projected to generate the highest revenue during the forecast period. The high sales share in this segment is due to the adoption of information technology in the healthcare sector, established infrastructure, patient flow management solutions and government budgets for innovation. Europe is probably the second largest market share in terms of sales share.
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China and India are the fastest developing countries in Asia Pacific and will experience a significant compound annual growth rate (CAGR) during the forecast period owing to growing public awareness, large patient pools and high healthcare costs. The government is focusing on strengthening and concentrating medical facilities. Improve hospital efficiency.
Market leaders include Medworxx Solutions, Inc., Cerner Corporation, Mckesson Corporation, Stanley Healthcare, Teletracking Technologies, Inc., Awarepoint Corporation, Getinge Group, Sonitor Technologies, Inc., Central Logic, Inc., Allscripts Healthcare Solutions, Inc.
There is. Included. and RFID. Solutions Inc. Strategic Framework for Improving Substantial Results Growth Paths to Achieve All Business Priorities This study provides a detailed assessment of the various customer journeys associated with the market and its segments. It provides customers with different impressions of products and services. This analysis carefully examines vulnerabilities and concerns across various customer touch points.
Our business intelligence and consulting solutions help stakeholders, including CXOs, define the best customer experience map for their needs. This can improve the interaction between the customer and the brand.
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