Hospitals struggle to effectively manage their capacity while delivering high-quality care to patients in the constantly changing healthcare market. Optimising resources, streamlining processes, and ensuring the greatest patient outcomes all depend on the hospital capacity management solutions market. The Hospital Capacity Management Solutions Market has emerged as a game-changer in recent years, offering cutting-edge technology and strategies to successfully address capacity-related concerns. This blog will examine the market’s numerous facets, its available solutions, and its possible effects on the healthcare industry.
The process of balancing patient demand with the available resources inside a healthcare facility is referred to as hospital capacity management. Forecasting patient admissions, managing bed availability, achieving staffing levels that are optimal, and enhancing patient flow around the hospital are all part of this process. Hospitals may decrease wait times, prevent bottlenecks, improve patient happiness, and increase overall operational efficiency by effectively managing capacity.
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Over the course of the projection period, it is expected that the market for hospital capacity management solutions will expand on average at a CAGR of 5.1%. From a share of US$ 1.1 billion in 2023, the industry is predicted to produce US$ 1.9 billion in sales by 2033. The global market for hospital capacity management solutions will expand by 4.9% year over year in 2022 to reach US$ 1.08 billion, predicts FMI, a market research firm that has gained ESOMAR certification.
Hospital capacity management systems are used in large patient care facilities to guarantee a smooth workflow in terms of downtime and expense. This factor is probably going to drive the market for hospital capacity management systems over the course of the anticipated term.
Key Takeaways of Hospital Capacity Management Solutions Market Study
- RTLS (Real time locating system) accounted for around 34% of hospital capacity management solutions market in 2021 and is expected to continue with being top-seeded in the forecast period
- Cloud-based hospital capacity management solution contributed for around 3/5th of market value share in 2021
- Cumulatively, North America and Europe contributed for more than 70% of the total share of the hospital capacity management solutions market in 2021
- Countries such as Brazil, China, South Africa, and India are expected to are emerging as lucrative markets, but pale in comparison to US and Europe
Expansive Prominence in the hospital capacity management solutions market
Taking the expansive way of growth helps in strengthening the solutions’ and software’s portfolio; as e-Health has picked up pace looking at the accuracy and need for data management.
- STANLEY Healthcare, in May 2022, announced the assimilation of AeroScout Real-Time Location System (RTLS) with certification from Cisco DNA Spaces. The objective of this move is to table economic solution across the healthcare industry
- Allscripts has its “2bPrecise” platform that takes in clinical information from the EHR preferred by client along with genomic/genetic data from the molecular labs, thereby giving a comprehendible patient record. This gives precise diagnoses at a faster rate.
- TeleTracking Technologies have their Capacity Management Suite with PreAdmitTracking with electronic bedboard to enable patient access as well as placement
“Precise, real-time navigation with the patient will boost the hospital capacity management solutions market.” says the FMI Analyst.
Scope of the Report
Major Contributors of the Hospital Capacity Management Solutions Market are:
- Cerner Corporation
- Epic Systems Corporation
- TeleTracking Technologies, Inc.
- Sonitor Technologies, Inc.
- STANLEY Healthcare
- Allscripts
- McKesson Corporation
- Arcomed AG
- Koninklijke Philips N.V.
- JVS Group
- Infosys Limited
- Neusoft Corporation
- INFINITT Healthcare Co. Ltd
- AWAREPOINT CORPORATION
- Care Logistics LLC
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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global hospital capacity management solutions market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The study provide compelling insights on hospital capacity management solutions market on basis of product type (workflow management solution, asset management solution, bed management solution, quality patient care solution, real time locating system (RTLS), and event driven solutions { online registration solution, attendance management tools, event driven patient tracking, others}), application (standalone solutions, integrated solutions), delivery mode (on premise, cloud-based) across seven major regions
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Key Segments
By Product:
- Workflow Management Solution
- Asset Management Solution
- Bed Management Solution
- Quality Patient Care Solution
- Real Time Locating System (RTLS)
- Event Driven Solutions
- Online Registration Solution
- Attendance Management Tools
- Event Driven Patient Tracking
- Others
By Application:
- Standalone Solutions
- Integrated Solutions
By Delivery Mode:
- On Premise
- Cloud-Based
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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