North America Event Driven Patient Tracking Systems Market is Expected to Reach $380.6 Million by 2019, at a CAGR of 20.6% From 2014 to 2019
20 May, 2015, 15:30 BST
FORT WORTH, Texas, May 20, 2015 /PRNewswire/ --
The North America event driven patient tracking systems market was valued at $148.9 million in 2014, and is projected to reach $380.6 million by 2019, at a CAGR of 20.6% from 2014 to 2019.
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Patient tracking is a process of monitoring the patient's journey right from laboratory diagnostics, imaging, and other treatment interventions, especially when the patient is away from the care setting, such as hospital, medical center, or diagnostic center. Event driven patient tracking involves maintenance of a patient's medical record on the basis of his/her last status available with the hospital or medical facility. The event driven patient tracking systems market is the largest contributor to the patient flow management solutions market, accounting for a share of 93.0% in 2014.
Among all countries in the North American region, the event driven patient tracking system market in U.S. occupies the largest share of 92.2% in 2014. This growth is mainly attributed to the increased emphasis on providing improved patient care by utilizing healthcare IT solutions, and technological advancements in this country.
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The North America event driven patient tracking systems market is segmented into product, component, delivery mode, and geography. According to geographical segmentation, the market is further sub-divided into U.S., Canada, and Mexico. Major companies profiled in this report include AllScripts (U.S.), Cerner Corporation (U.S.), Centrallogic (U.S.), Epic Systems (U.S.), McKesson Corporation (U.S.), Medworxx (Canada), Sonitor Technologies (U.S.), and TeleTracking Technologies, Inc. (U.S.).
This report offers a comprehensive overview of market share and value chain analysis, along with market metrics such as drivers, restraints, and upcoming opportunities. In addition to this, it also presents competitive landscape and company profiles of key players thriving in the North America event driven patient tracking systems market.
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In the European event-driven patient tracking system market; Germany contributed the largest share of 28.7% to this market, and the market in the country is expected to grow at a CAGR of 22.4% from 2014 to 2019. It is followed by the market in the U.K., projected to grow at a CAGR of 22.1% during the forecast period. Adoption of patient centric approach by the healthcare service providers, and increased return on investment (ROI) are the key drivers of this market.
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