EUROPE HOSPITAL CAPACITY MANAGEMENT SOLUTIONS MARKET ANALYSIS

Market Challenges And Opportunities

Europe Hospital Capacity Management Solutions Market: Drivers

Need for reduced hospital stay is expected to fuel demand for Europe hospital capacity management solutions market over the forecast period. HCMS enable better and timely care for patients and consequently reduce the length of a patient’s hospital stay. These solutions also track patient clinical data and assign the nearest nurse, doctor or caregiver to the patients for timely care, so that the patients can be discharged earlier.

Moreover, high cases of accidents are also expected to propel growth of the market. For instance, according to European Transport Safety Council, in 2018, EU28 recorded 25,058 road accident deaths in 2018.

Europe Hospital Capacity Management Solutions Market: Restraints

Security breach or disclosure of data is expected to hinder growth of Europe hospital capacity management solutions market. The most commonly exposed data in healthcare breaches are medical records, followed by billing and insurance records, and payment information.

Moreover, poor integration of tools into existing workflows is also expected to hamper the market growth. The functionality of analytics applications has evolved over time. However, integration into existing workflows has been sub-optimal to the point where care providers have not benefitted from point-of-care insights from analytics tools. For instance, clinicians might end up having to exit from EHR portals and switch to an alternate interface to access analytics reports. Analytics solution vendors have the ability to provide tailored products, which can integrate well with existing EHR and other platforms, but few do it in practice. This is because it is difficult for these vendors to understand the nature of workflows for different end user cases and design appropriate solutions that meets the needs of healthcare providers.

Europe Hospital Capacity Management Solutions Market: Opportunities 

Increasing healthcare expenditure is expected to offer lucrative growth opportunities for market players. For instance, according to Healthcare Expenditure Statistics (extracted in July 2019) by Eurostat, among the EU Member States, France, Germany, and Sweden recorded a healthcare expenditure between 11.0 % and 11.5 % of the GDP in 2016.

Moreover, increasing focus of government organizations to improve patient experience is also expected to boost growth of the market. For instance, in January 2020, Regional Health Command Europe amounted to standardize the check-in process in Military Treatment Facilities throughout Europe to enhance communication with patients and improve availability of information in patient waiting areas.