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Hospital Capacity Management Solutions Market

Hospital Capacity Management Solutions Market Size, Share & Segment by Product Type (Asset Management, Patient Flow Management Solutions, Workforce Management, Quality Patient Care), By Component Type (Software, Services), By Mode of delivery (On-premise, Cloud-based), By End-User (Hospitals, Ambulatory Surgical Centers), by Regions and Global Forecast 2022-2028

Report Id: SNS/HC/1904 | June 2022 | Region: Global | 125 Pages

Hospital Capacity Management Solutions Market Overview:

The Hospital Capacity Management Solutions Market Size was valued at USD 3.04 billion in 2021, and expected to reach USD 9.25 billion by 2028, and grow at a CAGR of 17.2% over the forecast period 2022-2028. A hospital capacity management solution (HCMS) is used to manage and manage hospital beds, nurses, and other equipment. Workflow management, real-time tracking, and bed management are just a few of the modules included in these solutions.

Hospital Capacity Management Solutions Market

When compared to alternative medical care facilities, hospitals are the greatest site to treat severe disease. Hospitals make considerable use of medical and technical breakthroughs to provide efficient medical treatments while lowering the amount of time patients spend in the hospital. Patients, on the other hand, may experience shortcomings and delays at hospitals. Patients are kept in critical care and recovery rooms for days or even months as they wait for beds. Surgical treatments and procedures are frequently rescheduled or cancelled. Inpatients are repeatedly moved and placed in improper beds. Because the number of nurses and other hospital employees is lower than required, they are overworked.

MARKET DYNAMICS

DRIVERS

  • Hospitals need to manage their capacity effectively.

  • Healthcare expenditures are rising, and there is a need to rein them in.

  • The increased prevalence of chronic diseases and COVID-19 are causing an increase in patient load.

  • Regulatory compliance is managed by utilising capacity management technologies effectively.

  • In the United States and Europe, there is a growing trend of healthcare consolidation.

RESTRAINTS

  • Deployment is expensive.

  • In undeveloped countries, there are limitations in terms of IT infrastructure.

OPPORTUNITIES

  • Power management of Internet-based healthcare Materials

  • Emerging markets

  • Competitiveness in the healthcare industry is increasing, which encourages the improvement of assets.

CHALLENGES

  • Concerns about data security and privacy

  • There is a scarcity of qualified healthcare IT personnel.

IMPACT OF COVID-19

The Covid-19 epidemic had a devastating effect on global health services and required significant and urgent changes in the treatment of patients. It has been a challenging task of organizing energy to care for Covid-19 patients with people with other illnesses. Overcrowding, lack of air cylinders, shortage of hospital beds, difficulty keeping adequate staff and support staff, increased waiting for test results, lack of essentials, building materials, and material support, and an increase in the black drug market cause unprecedented difficulties. resources and services of the medical community around the world. As a result of the scenario, hospitals' costs have risen, revenues have declined, and their financial survival has been jeopardized. To address these concerns, hospitals turned to hospital capacity management solutions, which enabled them to better monitor patient care and make the best use of their resources in order to increase revenue.

By Product Type

The asset management solutions sector accounted for the greatest market share among product segments in 2021. The growing emphasis on efficient management and storage of healthcare equipment is responsible for the substantial proportion of this market. Government incentives, sanctions, and the need to cut healthcare costs are all helping to drive this market segment forward.

By Mode of delivery

During the forecast period, the cloud-based solution segment is predicted to develop at the quickest rate. Healthcare businesses are using new technology to improve their operational and administrative operations as a result of technological improvements.

By End-User

The primary factors driving the expansion of the hospitals segment are government measures to promote patient satisfaction and improve the quality of service, expanding patient volume, and the need to lower rising healthcare costs.

COMPETITIVE LANDSCAPE

Some of the major key players are as follows: Infosys Limited, Tele Tracking Technologies, Inc, Change Healthcare, McKesson Corporation, STANLEY Healthcare Solutions Limited, GENERAL ELECTRIC COMPANY, Care Logistics, Sonitor Technologies, Inc, Epic Systems Corp, and Cerner Corporation.

MARKET SEGMENTATION:

By Product Type

  • Asset Management
  • Patient Flow Management Solutions
  • Workforce Management
  • Quality Patient Care

By Component Type

  • Software

  • Services

By Mode of delivery

  • On-premise

  • Cloud-based

By End-User

  • Hospitals

  • Ambulatory Surgical Centers

Hospital Capacity Management Solutions Market

REGIONAL ANALYSIS

At the time of forecasting, the Asia Pacific market is expected to grow at a much faster CAGR. The strong growth in this regional market could be attributed to the increase in eHealth government programs, the increase in medical tourism, the increase in the need for management solutions due to the outbreak of COVID-19, and the growing demand for better health care.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Hospital Capacity Management Solutions Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3.04 Billion
Market Size by 2028 US$ 9.25 Billion
CAGR CAGR of 17.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (Asset Management, Patient Flow Management Solutions, Workforce Management, Quality Patient Care)
• By Component Type (Software, Services)
• By Mode of delivery (On-premise, Cloud-based)
• By End-User (Hospitals, Ambulatory Surgical Centers)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Infosys Limited, Tele Tracking Technologies, Inc, Change Healthcare, McKesson Corporation, STANLEY Healthcare Solutions Limited, GENERAL ELECTRIC COMPANY, Care Logistics, Sonitor Technologies, Inc, Epic Systems Corp, and Cerner Corporation.
DRIVERS • Hospitals need to manage their capacity effectively.
• Healthcare expenditures are rising, and there is a need to rein them in.
• The increased prevalence of chronic diseases and COVID-19 are causing an increase in patient load.
RESTRAINTS • Deployment is expensive.
• In undeveloped countries, there are limitations in terms of IT infrastructure.


Frequently Asked Questions (FAQ) :

Hospital Capacity Management Solutions market to be expected to reach USD 9.25 billion by 2028.

The main drivers of the Hospital Capacity Management Solutions market are hospitals need to manage their capacity effectively, healthcare expenditures are rising, and there is a need to rein them in.

Hospital Capacity Management Solutions Market is divided into four segments and these segments By Product Type, By Component Type, By Mode of delivery and By End-User

The sub segment of Foam type of Hospital Capacity Management Solutions Market is Software, and Services

Manufacturer and service provider, research institutes, university and private libraries, suppliers and distributers.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Hospital Capacity Management Solutions Market Segmentation, By Product Type

8.1 Asset Management

8.2 Patient Flow Management Solutions

8.3 Workforce Management

8.4 Quality Patient Care

 

9. Hospital Capacity Management Solutions Market Segmentation, By Component Type

9.1 Software

9.2 Services

 

10. Hospital Capacity Management Solutions Market Segmentation, By Mode of delivery

10.1 On-premise

10.2 Cloud-based

 

11. Hospital Capacity Management Solutions Market Segmentation, By End-User

11.1 Hospitals

11.2 Ambulatory Surgical Centers

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13.Company Profiles

13.1 Infosys Limited

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Tele Tracking Technologies, Inc

13.3 Change Healthcare

13.4 McKesson Corporation

13.5 STANLEY Healthcare Solutions Limited

13.6 GENERAL ELECTRIC COMPANY

13.7 Care Logistics

13.8 Sonitor Technologies, Inc

13.9 Epic Systems Corp

13.10 Cerner Corporation.

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

 

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

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