PUBLISHER: The Business Research Company | PRODUCT CODE: 1269042
PUBLISHER: The Business Research Company | PRODUCT CODE: 1269042
“Hospital Capacity Management Solutions Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hospital capacity management solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hospital capacity management solutions? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hospital capacity management solutions market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Major players in the hospital capacity management solutions market are GE Healthcare, Infosys Limited, TeleTracking Technologies Inc., McKesson Corporation, Alcidion Corp., Koninklijke Philips N.V., Epic Systems Corporation, Nextgen Healthcare, Stanley Healthcare, Care Logistic Inc., INFINITT Healthcare Co. Ltd., WellSky Corporation, Simul8 Corporation, Change Healthcare, and HealthStream Inc.
The global hospital capacity management solutions market is expected to grow from $2.96 billion in 2022 to $3.43 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hospital capacity management solutions market is expected to grow to $6.22 billion in 2027 at a CAGR of 16.1%.
The hospital capacity management solutions market consists of revenues earned by entities by providing services such as fixed asset management, infrastructure asset management, and facilitated treatment services. The market value includes the value of related goods sold by the service provider or included within the service offering. The hospital capacity management solutions market also includes sales of patient management solutions. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The hospital capacity management solutions optimize the hospital's bed availability to provide sufficient capacity for effective, error-free patient assessment and treatment. This also provides real-time hospital capacity planning and asset tracking, consequently increasing efficiency and reducing hospital expenses.
North America was the largest region in the hospital capacity management solutions market in 2022. The regions covered in the hospital capacity management solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main products of hospital capacity management solutions are asset management, patient flow management solutions, workforce management, and quality patient care. The asset management empowers hospital executives, administrators, and clinical staff with real-time hospital capacity planning and asset tracking. Asset management is a highly-systematic and cost-effective system of planning, acquiring, maintaining, operating, and disposing of any healthcare organization's machinery, equipment, and physical assets. The components of hospital capacity management solutions are software and services that delivers on on-premise and cloud-based. The hospital capacity management solutions find its applications in standalone solutions and integrated solutions that are suitable for hospitals and ambulatory surgical centers.
Government initiatives to enhance patient satisfaction and improve the quality of care have propelled the growth of the hospital capacity management solutions market. The governments are encouraging initiatives to enhance the quality of healthcare. These initiatives are driving increased investment in hospital capacity management solutions to catalyze and make the healthcare processes more efficient. For instance, in November 2021, the Government of India, the Government of Meghalaya, and the World Bank signed a US$ 40-million health project for the state of Meghalaya to improve the state of Meghalaya's health services and increase the state's ability to respond to future health emergencies, such as the COVID-19 pandemic, and The Government of India has also established 638 e-Hospitals throughout India to enhance healthcare infrastructure.. Therefore, such initiatives will lead to a growth in the hospital capacity management solutions market.
Technological advancement is a key trend gaining popularity in the connected hospital capacity management solutions market. Many companies operating in the hospital capacity management solutions sector are investing in real-time data to use to its full potential. Such advancements enable key players to gain a competitive edge in the market. For instance, in October 2021, GE Healthcare, a US-based company that specializes in diagnostics, therapeutics, and monitoring through intelligent devices, partnered with Apprise Health Insights to launch an innovative application that actively handles hospital data and provides almost real-time occupancy statistics. This application allows hospitals to make the most of their resources and provides decision-makers with valuable data so that statewide capacity may be improved and hospitals can cooperatively manage resource limitations. Apprise Health Insights is an Oregon-based trustworthy and comprehensive source of hospital data.
In April 2021, Alcidion Corporation, an Australia-based software solutions provider for high-performance healthcare acquired ExtraMed Ltd for an undisclosed amount. This acquisition will elevate Alcidion to the top spot in the UK patient flow market and offers opportunities to cross-sell the full Alcidion product line. ExtraMed Ltd is a UK-based company specializing in patient flow management.
The countries covered in the hospital capacity management solutions market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified) .
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The hospital capacity management solutions market research report is one of a series of new reports from The Business Research Company that provides hospital capacity management solutions market statistics, including hospital capacity management solutions industry global market size, regional shares, competitors with a hospital capacity management solutions market share, detailed hospital capacity management solutions market segments, market trends and opportunities, and any further data you may need to thrive in the hospital capacity management solutions industry. This hospital capacity management solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.