The global market for hospital capacity management solutions is
Newark, NJ, June 04, 2021 (GLOBE NEWSWIRE) – According to the report published by Fior Markets, the Global Hospital Capacity Management Solutions Market is expected to grow from $ 3.20 billion in 2020 and reach $ 11.47 billion by 2028, with a CAGR of 17.30% during the forecast period 2021-2028.
Growing demand for improved healthcare facilities and technological advancements in hospital capacity management are driving the global hospital capacity management solutions market.
Increased investments by healthcare IT companies, increased government initiatives to improve patient care, increased demand for integrated healthcare systems, increased number of hospitals and increased attention to the provision of patient-centered care have all improved several areas of medical procedures. As a result, the global hospital capacity management solutions market has experienced strong growth.
Hospital Capacity Management Solution (HCMS) is software that helps hospitals efficiently use and maintain hospital beds, caregivers, and other availability and asset allocations. These solutions include modules such as workflow control, real-time monitoring and bed management. They are beneficial in increasing the efficiency of the work flow while reducing hospital costs.
Hospital Capacity Management (HCMS) solutions were developed in response to the growing demand for better hospital capacity planning methodologies and tactics. Ineffective management of hospital capacity assets almost invariably results in a significant loss of revenue for hospitals. Another factor that makes them difficult is the lack of coordination of patient care. Another notable factor driving the market is the increased demand for a variety of analytical tools for hospital capacity management. Advanced analytical tools, especially those that enable dynamic planning and forecasting, are being introduced by healthcare IT developers, which is a promising trend that is expected to drive the market significantly in the years to come.
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On the other hand, rigid regulations governing the adoption of capacity management technologies pose a challenge to the industry. In addition, such systems are expensive to install and maintain. The expansion of the market is also stifled by the lack of well-trained and highly educated people, especially in developing countries like China and India. During the forecast period, the global hospital capacity management solutions market is expected to be constrained by a shortage of trained healthcare IT professionals, increased complexity due to lack of consistent data, and headaches. of data confidentiality.
Major players operating in the global hospital capacity management solutions market include TeleTracking Technologies, Inc., Cerner Corporation, STERIS plc. McKesson Corporation, Change Healthcare, NextGen Healthcare, Inc., GE Healthcare, Alcidion Corporation, Central Logic and Infosys Limited.
- CenTrak, Inc. announced the TruView system in October 2019, which uses precise tracking technologies to ensure safety, optimize efficiency and identify patients.
- In December 2019, EPSi, the financial decision support, budgeting, planning / forecasting, cost accounting and financial accounting platform of Allscripts Healthcare Solutions, Inc, announced a new product and service solution from advanced market analysis.
Asset management segment dominated the market and held the largest market share of 42% in 2020
On the basis of product, the global hospital capacity management solutions market is segmented into asset, bed, nurse planning, and patient flow management. The asset management segment dominated the market and held the largest market share of 42% in 2020. The growing emphasis on efficient management and storage of healthcare equipment is responsible for the substantial share of this. market. Government incentives, sanctions, and the need to reduce healthcare costs all help drive this market segment forward.
Software segment dominated the market and held the largest market share of 60% in 2020
On the basis of component, the global hospital capacity management solutions market is segmented into software, integrated, and services. The software segment dominated the market and held the largest market share of 60% in 2020. The main growth drivers of the software segment are the continued need for software program upgrades and enhancements.
Cloud segment dominated the market and held the largest 70% market share in 2020
On the basis of delivery mode, the global hospital capacity management solutions market is segmented into on-premises and cloud. The cloud segment dominated the market and held the largest market share of 70% in 2020. Cloud-based technologies are used to keep the DME up to date. Bedside monitors, MRI scanners and other medical devices are among them. The ongoing pandemic has stimulated demand for access to medical records at the point of care. The need for cloud-based solutions is likely to increase due to this digitization.
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Regional segment of the hospital capacity management solutions market
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, rest of Europe)
- Asia-Pacific (China, Japan India, Rest of APAC)
- South America (Brazil and rest of South America)
- Middle East and Africa (UAE, South Africa, rest of MEA)
In 2020, Europe and North America held the largest share of the hospital capacity management solutions market. The use of hospital capacity management solutions in the region is driven by the growing focus by the government on the provision of improved health services and an increase in the use of these solutions. The Asia-Pacific market is expected to grow rapidly throughout the projected period. Increased government spending on the provision of quality health services, as well as a spike in the adoption of technologically advanced products in the region, all contribute to the expansion of the region’s market.
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About the report:
The Hospital Capacity Management Solutions Market is analyzed on the basis of Value (USD Billion). All segments were analyzed on a global, regional and national basis. The study includes analysis of over 30 countries for each segment. The report offers an in-depth analysis of driving factors, opportunities, restraints, and challenges to get the key insights of the market. The study includes the model of the five forces of the wearer, the analysis of attractiveness, the analysis of raw materials and the analysis of the position grid of the competitors.
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