Owing to the benefits of hospital capacity management that it reduces the time of a patient's stay in the hospital. Allows for quick communication between medical personnel, patients, and their caregivers, which promotes transparency. Patient wait times are reduced. The main advantage of a hospital capacity management system is that it reduces patient traffic.
Covid-19 Impact & Market Status
The outbreak of Covid19 has led countries to impose blockades and travel restrictions, leading to variable patient numbers and uncertainties in claims. Most countries, including the European Union, the United States, and India, reported an upsurge in the number of people admitted to hospitals as a result of the COVID-19 pandemic, face a shortage of beds, equipment, and medical personnel. The demand for hospital capacity management systems to better manage employees, beds, and gadgets has surged as a result.
Asset Management segment to Emerge as the Most Lucrative Segment
The asset management category dominated the market and dominated the market share. Much of this market is due to the increasing focus on effective management and storage of healthcare equipment. Government incentives, fines, and the desire to reduce health care costs all contribute to the growth of this market category.
Software Segment to Witness Fastest Growth
The worldwide Hospital Capacity Management Solutions Market is split into Software, Integrated, and Services based on component. The software category dominated the market and accounted for the majority of sales. The constant demand for software upgrades and additions is the key growth driver in the software market.
Cloud based to Remain Atop
The worldwide hospital capacity management solutions market is divided into on-premises and cloud delivery modes. The cloud sector dominated the market in the historical years and is expected to dominate in the current and projection years as well. To keep the EMR up to the current, cloud-based solutions are employed. Among them are bedside monitors, MRI scanners, and other healthcare gadgets. Point of service and need for quickly accessible medical information are important drivers. As a consequence of enhanced digitalization, the need for cloud-based solutions is forecast to expand.
Hospital to Generated the Most Revenue
The worldwide hospital capacity management solutions market is divided into hospital and ambulatory surgery centers based on end user mode. The hospital capacity management solutions market is poised to grow profusely owing to expansion in the hospital sector. The main factors driving the expansion of the hospitals segment are government attempts to increase patient experience and cost of health, rising patient volume, and the desire to minimize rising healthcare costs.
Asia-Pacific to Render Ample Investment Avenues
The worldwide hospital capacity management solutions market is divided into four segments based on delivery mode: North America, Europe, Asia Pacific, and South Africa. Backed by significant progress in countries such as China and India, Asia Pacific region is likely to emerge as the fastest growing region through the projection time period. The significant growth in this regional market may be ascribed to rising government eHealth efforts, rising medical tourism, expanding need for management systems as a result of the COVID-19 epidemic, and rising demand for high-quality healthcare.
To shorten wait times, identify critical beds that should be staffed with increased emergency nurses during busy hours. The technology recognizes these priority beds and alerts emergency nurses when availability is low or when patients require more intense care.
Hospital capacity management systems are integrated solutions that enable you in efficiently organizing your hospital's assets. These solutions assist you in keeping track of and optimizing your patient volume. Executives, administrators, and clinical personnel in hospitals may use hospital capacity management tools to better manage capacity and monitoring. It also improves visibility and forecasting by using better monitoring and analytics. Furthermore, it aids in the prevention of income loss by lowering expenses and improving visibility.
Hospital capacity management systems are estimated to reach USD 9.3 billion in the global market by 2029. The global market for hospital capacity management systems is being driven by the desire to improve medical facilities and technical developments in hospital capacity management. Increasing investment by medical IT companies, increasing government initiatives to improve patient care, increasing demand for integrative medicine systems, increasing hospital numbers, and increasing attention to patient-centric care are all medical practices. Improved various aspects of.
The key players in this market are Cerner Corporation, Halma plc, Infosys, Teletracking Technologies, Inc., NextGen Healthcare, Allscripts Healthcare Solutions, Inc., Koninklijke Philips N.V., Neusoft Corporation, Infinitt Healthcare Co., Ltd., JVS Group, Infor Systems, Care Logistics Epic Systems Corporation, Sonitor Technologies, McKesson Corporation, HealthStream, Stanley Healthcare. These are the global market players of hospital capacity management solutions market.
Latest Innovations in the Hospital Capacity Management Solutions
- ARS wanted to better manage bed numbers and balance planned and unscheduled treatments during uncertain times such as the COVID19 crisis. ARS, in collaboration with Capgemini Invent, has developed STEP, a predictive, decision-making support, and policy impact assessment tool used to track the status of COVID 19 beds in regional hospitals.
Hospital Capacity Management Solutions Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 9.3 billion|
|Segment Covered||By Product, Based on Component, Delivery Mood, End Users, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Cerner Corporation, Halma plc, Infosys, Teletracking Technologies, Inc., NextGen Healthcare, Allscripts Healthcare Solutions, Inc., Koninklijke Philips N.V., Neusoft Corporation, Infinitt Healthcare Co., Ltd., JVS Group, Infor Systems, Care Logistics Epic Systems Corporation, Sonitor Technologies, McKesson Corporation, HealthStream, Stanley Healthcare|
Key Segments of the Hospital Capacity Management Solutions Market
By Product Outlook Overview, 2022-2029 (USD Billion)
- Bed Management
- Nurse Scheduling
- Patient Flow Management
Based on Component Overview, 2022-2029 (USD Billion)
Based on Delivery Mood Outlook Overview, 2022-2029 (USD Billion)
Based on End Users Overview, 2022-2029 (USD Billion)
- Ambulatory Surgical Centers
By Region Overview, 2022-2029 (USD Billion)
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Rest of South America
Middle East and South Africa