Global Hospital Capacity Management Solutions Market
Overview:
Hospital capacity management solutions (HCMS) help in improving quality of care in patients and also enhance patient throughput, this is done by managing flow, capacity and diversion rates of patients. The HCMS is also helpful in efficiently managing accommodation and availability of caregivers, hospital beds and various other hospital services. These management solutions also help in reducing the patients stay in hospitals.
The global hospital capacity management solutions market is expected to account for US$ 1,540.6 Million during the forecast period.
Drivers:
Rising need for minimizing hospital stay is anticipated to augment growth of the global hospital capacity management solutions market over the forecast period. These solutions can track the clinical data of the patient and also assign a doctor, nurse or a caregiver to the patient for early discharge.
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Opportunities:
Rising healthcare expenditure is estimated to provide productive opportunities for key players in the global hospital capacity management solutions market. For instance, the Centers for Medicare & Medicaid Services state that spending on healthcare have increased from an average rate of 5.5% each year in 2018 to almost US$ 6.0 trillion by 2027 in the United States of America.
Restraints:
Increasing costs of equipment and installation, along with lack of skilled healthcare professionals in under developing and developing nations is estimated to hamper growth of the global hospital capacity management solutions market.
Key Takeaways:
The On Premise segment is forecast to be valued at US$ 367.1 Million in 2018 and is anticipated to reach US$ 584.2 Million by 2027 over the forecast period, due to rising technological advancements for improving and quality of care and patient throughput.
The Integrated Solutions segment is estimated to fuel growth in the global hospital capacity management solutions market in 2018, witnessing for 64.5% share in terms of value over the forecast period, owing to increasing incidences of chronic diseases.
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Market Trends:
Major medical associations are partnering up with HCMS providers. For instance, Care Logistics was chosen by the Michigan Health & Hospital Association in July 2018, as an endorsed partner for improving the quality, efficiency, patient throughput and patient satisfaction in Michigan hospitals.
The market players are also focusing on indoor and ultrasound-based positioning technologies, these are an amalgamation of low frequency (RF) sensory technologies, intelligent sensors and ultrasound technology Wi-Fi.
Key Players:
Key players active on the global hospital capacity management solutions market are Epic Systems Corporation, Awarepoint Corporation (CenTrak), Allscripts Healthcare Solutions, Cerner Corporation, Care Logistics, LLC, TeleTracking Technologies, Inc., McKesson Corporation, Sonitor Technologies, Inc. and Central Logic.
Key Developments:
Major players are carrying out partnership and collaborations which is expected to propel growth of the global hospital capacity management solutions market over the forecast period. For instance, B. Braun Medical Inc. and TeleTracking Technologies, Inc., declared the merger of Space Infusion Pump Systems and RTLS Asset Tracking solution in July 2019.
Conduit Health Partners and Central Logic partnered up in September 2019, for improving efficiency and care access for health systems in September 2019.
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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
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