Growing need to improve operational efficiency of healthcare facilities coupled with rising healthcare costs is a key growth driver.
North America currently dominates the patient flow management solutions industry and is expected to maintain its leading position. Higher adoption of healthcare IT solutions and presence of major players in the region contributes to its large share. However, Asia Pacific is likely to emerge as the fastest growing regional market due to improving healthcare infrastructure and increasing healthcare expenditure in countries such as India and China.
Data security and privacy concerns may hinder the patient flow management solutions industry growth to some extent. Implementation of patient flow management solutions also requires high initial investments which is another challenge faced by healthcare providers especially in developing countries.
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