Positive Patient Identification Market Development by Companies Outlook, Growth Prospects & Key Opportunities by 2026
A handheld device through which information related to a particular patient can be obtained is known as positive patient identification. In order to ensure better delivery of medication and patient safety, this device is gaining significant adoption among medical professionals across the globe.
For instance, a nurse can obtain patient information through bar code installed on the wrist band ensuring proper medication delivery to the patient and access to the patient records in a proper manner. With increasing advancements in medical technology, development of such devices is anticipated to be a breakthrough and hence, the positive patient identification market is expected to record significant growth in the near future.
With increasing demand for automated systems ensuring effective medicinal administration, demand for devices such as positive patient identification is anticipated to witness significant growth in the near future.
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Manufacturers of positive patient identification device are focused on developing advanced products ensuring more functionality and compatibility with computers. Pointers such as right diagnosis, right indicators, right time, right test and right patient are key essentials for positive patient identification manufacturers across the globe.
Positive Patient Identification Market Segmentation
Positive patient identification market is segmented on the basis of type, end use, patient type, and region. On the basis of type, the market is broadly segmented into software, hardware and service type. Further positive patient identification product type or hardware is segmented into printers, wristbands and labels.
These products are classified on the basis of characteristics such as whether the wrist bands are durable, waterproof, laminated or have clips or not, labels are made of paper or vinyl, size differences, price and others. Service type is further segmented into off premise and on-premise or cloud.
Based on the type of end use the segmentation includes hospitals, diagnostic centers and laboratories. Products for patient identification are also segmented on the basis of patient type into baby, pediatric, maternity and adult
Geographically, the Positive patient identification market segmented includes North America, Eastern Europe, Western Europe, Japan, Asia Pacific Excluding Japan, Latin America and Middle East and Africa.
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Positive Patient Identification Market Dynamics
Growing concerns of medical professionals in areas such as phlebotomy, surgical interventions, blood transfusion has led towards adoption of automated tools especially for patient identification. This is majorly intended towards limitation of errors due to improper error handling.
In addition, technological advancements in medical science have led to development of advanced medical devices, which is also fuelling the positive patient identification market growth. Furthermore, government requirements coupled with demand for efficient solutions resulting in expansion and growth of an organization are anticipated to boost demand for advanced medical tools such as positive patient identification in the near future.
Owing to demand for improved technology solutions, which provide improved workflow processes and minimal errors leading to positive patient identification with prime focus on virtual alert to nursing staff, alert about medication, maintained patient security and identity, among others.
This is primarily intended to lower down risks associated with insurance fraud, improper engagement, record mismatch and information theft of a patient. Product type development is further supported by development of integrated software solutions catering to the rising demand for positive patient monitoring system across the globe.
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Positive Patient Identification Market Key Players
Some of the key players in positive patient identification market include Taylor Communications, Inc., Imprivata, Inc., ZIH Corp, Identification Systems Group, RightPatient Inc., Cerner Corporation, Healthcare Barcode Printers Scanning Technologies, Endur ID Incorporated, GBS Corp, PDC Healthcare and SATO Australia Pty Ltd.
Players in the positive patient identification market across the globe are focused on developing complete solutions, which offer improved efficiency in the work and patient safety ensuring cost effectiveness.