Global Hospital Capacity Management Solutions Market Analysis
Overview
Hospital power management systems (HCMS) are used to better use and maintain hospital bed, caregiver, and other asset supply and accommodation. HCMS facilitates better health treatment and forecasts patient inflow. Workflow control, real-time monitoring, and bed management are among the modules used in these systems.
By the end of 2027, the global hospital capacity management solutions market is expected to be worth US$ 1,540.6 million dollars and XYZ thousand tons.
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Drivers
The global hospital capacity management solutions market is forecast to rise as the prevalence of chronic diseases rises, resulting in a higher number of hospitalizations. As per the World Health Organization, cancer caused about 18.1 million new cases and 9.6 million deaths worldwide in 2018.
Furthermore, the growth of the global hospital capacity management solutions market is projected to be supported by an increase in the number of injuries. As per the National Highway Traffic Safety Administration’s 2018 Fatal Motor Vehicle Crashes: Overview, 10,511 people died in collisions in the U.S. in 2018.
In 2018, North America dominated the global hospital capacity management solutions market, contributing about 55.1 percent of the market share, led by Europe.
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Restraints
The global hospital capacity management solutions market is expected to be hampered by a lack of knowledge about HCMS, especially in emerging economies.
Since each scenario can differ from case to case, the HCMS forecast often fails to fit the fact. Such a disadvantage is supposed to stifle demand expansion.
Opportunities
Especially in developing countries, there is a substantial disparity between the number of hospital beds and the number of patients. For players in the global hospital capacity management solutions market, this is supposed to present attractive growth opportunities. As per the National Health Profile 2019, published by the Government of India’s Health Ministry, India has one government hospital bed for every 1,844 people and one state-run hospital for every 55,591 people.
Furthermore, increased investment from the government and private organizations to enhance patient experience is projected to drive industry demand. Partners HealthCare, a non-profit hospital and physician network, launched a five-year digital well-being plan in December 2019 to increase the patient experience, boost digital creativity, and change clinical services around the system.
The Real Time Locating System (RTLS) segment of the hospital capacity management solutions market was worth US$ 316.1 million in 2018, which is projected to grow at a CAGR of 5.6 percent to US$ 518.9 million by 2027.
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Market Trends
HCMS have achieved popularity in the healthcare sector as a result of their ability to maximize asset and resource control as well as the effective assignment of healthcare personnel. Therefore, productivity rises while time and asset waste, as well as mismanagement, are reduced.
To control expenditure, major hospitals are reducing the number of beds they have. This has necessitated the safe and productive utilization of capital. The use of HCMS will help patients spend less time in the hospital and get the most out of their hospital beds. Furthermore, increased patient turnover per bed is expected to result in a high rate of HCMS adoption in hospitals.
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Competitive Landscape
Key companies contributing in the global hospital capacity management solutions market are Care Logistics, LLC, Central Logic, Allscripts Healthcare Solutions, Inc., TeleTracking Technologies, Inc., Awarepoint Corporation, Epic Systems Corporation, Cerner Corporation, Sonitor Technologies, Inc., STANLEY Healthcare, and McKesson Corporation.
Key Developments
Major market players are concentrating on extending their offerings in order to increase their market share. In June 2018, CenTrak announced the transition of select Awarepoint properties to its subsidiary Clinical Patents LLC (CPLLC) in order to bring Bluetooth Low Energy (BLE) sensor technology to CenTrak’s market-leading IoT Location and Sensing services.
In August 2018, Care Logistics unveiled a new suite of services for hospitals and health systems that will allow them to optimize patient flow and operations.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippets, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Highlights
- Product launch
- PEST Analysis
- Regulatory Scenario
- Mergers and Acquisitions
- Market Dynamics
- 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)
- Asset Management Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Bed Management Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Quality Patient Care Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Real Time Locating System (RTLS)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Event Driven Solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Online Registration Solution
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Attendance Management Tools
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Event Driven Patient Tracking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Hospital Capacity Management Solutions Market, By Application, 2019 – 2027, (US$ Mn)
- Standalone Solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Integrated Solutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Standalone Solutions
- Hospital Capacity Management Solutions Market, By Delivery Mode, 2019 – 2027, (US$ Mn)
- On Premise
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Cloud Based
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- On Premise
- Hospital Capacity Management Solutions Market, By Region, 2019 – 2027, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2026
- North America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Delivery Mode, 2016 – 2027, (US$ Mn)
- Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
About Us:
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