The Hospital Capacity Management Solutions Market Size was valued at USD 3.56 billion in 2022, and expected to reach USD 12.68 billion by 2030 and grow at a CAGR of 17.2% over the forecast period 2023-2030.
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.
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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.
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.
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 2022. 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.
By Product Type
By Component Type
Software
Services
By Mode of delivery
On-premise
Cloud-based
By End-User
Hospitals
Ambulatory Surgical Centers
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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
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 and Other Players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 3.56 Billion |
| Market Size by 2030 | US$ 12.68 Billion |
| CAGR | CAGR of 17.2% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. |
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- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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
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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.
Step 2: Primary Research
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