PUBLISHER: KBV Research | PRODUCT CODE: 1563276
PUBLISHER: KBV Research | PRODUCT CODE: 1563276
The North America Patient Administration System Market would witness market growth of 8.1% CAGR during the forecast period (2024-2031).
The US market dominated the North America Patient Administration System Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $269 million by 2031. The Canada market is experiencing a CAGR of 10.3% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.5% during (2024 - 2031).
Modernization and digital transformation of healthcare operations are significantly influencing this market. As healthcare providers seek to enhance their administrative efficiency and patient care, PAS solutions have emerged as indispensable tools. They offer comprehensive capabilities that streamline tasks ranging from patient registration to billing, scheduling, and record management.
The increasing focus on patient-centric care has also spurred the shift towards digitization in healthcare. In today's healthcare environment, patients expect personalized, efficient, and accurate services, all made easier with PAS. By integrating with other healthcare systems like Electronic Health Records (EHR), PAS helps create a more cohesive and efficient healthcare experience for patients.
The increasing prevalence of chronic diseases such as diabetes and cardiovascular conditions is a significant factor driving the increasing demand for patient administration systems in Mexico. Mexico's disease burden is also on the rise. According to the National Library of Medicine, nearly 12.8 million Mexicans were diagnosed with diabetes in 2019, putting immense pressure on the country's healthcare resources and data management systems. PAS allows healthcare providers in Mexico to monitor patients remotely, manage large volumes of health data, and analyze trends to enhance disease management and prevention. Hence, the region will present lucrative growth opportunities for the market throughout the forecast period.
Based on Component, the market is segmented into Software and Services. Based on End-use, the market is segmented into Hospitals & Ambulatory Centers, Diagnostic Centers, and Other End-use. Based on Deployment, the market is segmented into Web & Cloud Based and On-Premise. Based on Functions, the market is segmented into Patient Management, Outpatient Management, Inventory & Procurement, Revenue Management, and Other Functions. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
North America Patient Administration System Market Report Segmentation
By Component
By End-use
By Deployment
By Functions
By Country