SEATTLE, July 21, 2021, (MEDGADGET) — Europe Hospital Capacity Management Solutions market analysis
Overview
The HCMS (hospital capacity management solution) is used to efficiently utilize and maintain hospital bed, caregiver, and other asset supply and accommodation. Bed management, workflow control, and real-time monitoring are among the modules used in these systems.
Statistics
The valuation of the Europe hospital capacity management solutions market is forecast to hit US$ 435.7 million by the end of 2027, from a valuation of US$ 276.6 million in 2019.
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Drivers
During the projected period, demand for Europe hospital capacity management solutions market is projected to be fueled by the need for shorter hospital stays. HCMS allow for safer and more efficient health treatment, reducing the duration of a patient’s stay in the hospital. These solutions also monitor patient clinical records and transfer the patient to the closest nurse, specialist, or caregiver for prompt treatment, allowing the patient to be released sooner.
Furthermore, the growth of the Europe hospital capacity management solutions market is projected to be fueled by a large number of injuries. As per the European Transport Safety Council, there were 25,058 road crash accidents in the EU28 in 2018.
In 2018, the U.K. dominated the Europe hospital capacity management solutions market, with a market share of 20.9 percent, led by Germany.
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Restraints
The growth of the Europe hospital capacity management solutions market is likely to be hampered by security breaches or data leakage. Health records, billing and insurance documents, and payment history are the most widely disclosed data in healthcare breaches.
Furthermore, bad tool incorporation into current workflows is likely to stymie growth of the Europe hospital capacity management solutions market. Analytics technologies have developed over time in terms of complexity. However, incorporation into current workflows has been subpar, to the point that service professionals have been unable to benefit from analytics technologies’ point-of-care insights. Clinicians can be forced to leave EHR portals and use a different application to view analytics reports. The opportunity to offer customised solutions that fit well with existing EHR and other systems exists among analytics solution vendors, but few do so in reality. This is due to the difficulty these vendors have in comprehending the complexities of workflows for various end user scenarios and designing suitable strategies to satisfy the needs of healthcare professionals.
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Opportunities
Market participants should predict attractive growth opportunities as healthcare expenditures rise. As per the Eurostat’s Healthcare Spending Statistics, 2019, among EU Member States, Sweden, France, and Germany spent between 11.0 percent and 11.5 percent of their GDP on healthcare in 2016.
Furthermore, the growth of the Europe hospital capacity management solutions market is projected to be aided by government agencies’ increased emphasis on improving customer experience. Regional Health Command Europe set a goal in January 2020 to standardise the check-in procedure in Military Treatment Facilities across Europe in order to increase contact with patients and information access in patient waiting areas.
The Real Time Locating System segment of the Europe hospital capacity management solutions market was worth US$ 96.2 million in 2018, and is projected to grow at a CAGR of 5.6 percent to US$ 171.3 million by 2027.
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Market Trends
To save costs, hospitals are reducing the number of beds available. As a result, hospitals must make productive and optimal use of their services. Clinical power management systems will help people to stay in the hospital for less time to get the most out of their hospital beds.
Hospital capacity management systems improve asset and resource management, as well as the productive assignment of healthcare personnel, increasing efficiency while reducing waste of time and resources, as well as mismanagement. Due to these considerations, costs are reduced and income is increased.
Competitive Landscape
Key companies contributing in the Europe hospital capacity management solutions market are Epic Systems Corp., McKesson Corporation, Allscripts Healthcare Solutions, Inc., Awarepoint Corporation, STANLEY Healthcare Solutions Limited, Sonitor Technologies, Inc., Cerner Corporation, Inc., Central Logic, and TeleTracking Technologies, Inc.
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Key Developments
Major market players are now concentrating on releasing new products in order to broaden their product range. CenTrak, Inc. unveiled the TruView framework in October 2019, which uses precise locating technologies to ensure patient safety, increase workflow, and identify patients.
EPSi, the budgeting, planning/forecasting, cost management, and financial action support tool of Allscripts Healthcare Solutions, Inc, introduced a new predictive analytics software and services approach to the market in December 2019.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product
- Market Snippet, By Country
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Technological Advancement
- Regulatory Scenario
- Market Dynamics
- Europe Hospital Capacity Management Solutions Market, By Product Type, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Workflow Management Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Stand-alone
- Integrated
- On-Premise
- Cloud-Based
- Asset Management Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Stand-alone
- Integrated
- On-Premise
- Cloud-Based
- Bed Management Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Stand-alone
- Integrated
- On-Premise
- Cloud-Based
- Real-Time Locating System
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Stand-alone
- Integrated
- On-Premise
- Cloud-Based
- Quality Patient Care Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Stand-alone
- Integrated
- On-Premise
- Cloud-Based
- Event-Driven Solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Stand-alone
- Integrated
- On-Premise
- Cloud-Based
- Online Registration Solution
- Attendance Management Tools
- Event-Driven Patient Tracking
- Others
- Introduction
- Europe Hospital Capacity Management Solutions Market, By Country, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- U.K.
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- Benelux
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- Nordic
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- Russia
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- Poland
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
- U.K.
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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