HOSPITAL CAPACITY MANAGEMENT SYSTEMS MARKET ANALYSIS

The global hospital capacity management systems market is estimated to be valued at US$ 1,256.5 million in 2023 and is expected to exhibit a CAGR of 5.4% during the forecast period (2023-2030).

Analysts’ Views on Global Hospital Capacity Management Systems Market:

The global hospital capacity management systems market's growth is expected due increasing prevalence of chronic diseases such as cardiovascular diseases worldwide. For instance according to data published in September 2022, by World Health Organization, about 17.9 million deaths each year, are caused by , followed by cancers (9.3 million), chronic respiratory conditions (4.1 million), and diabetes (2.0 million, including deaths from renal disease brought on by diabetes). People suffering from chronic diseases require good treatment and care in hospitals, which necessitates efficient management of hospital beds, carers, etc. This factor is anticipated to propel the market for hospital capacity management systems worldwide.

Figure 1. Global Hospital Capacity Management Systems Market Share (%), by Product Type, 2023

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Global Hospital Capacity Management Systems Market – Driver

Increasing adoption of clinical workflow automation among healthcare organizations

Increasing adoption of clinical workflow automation among U.S. healthcare organizations is expected to drive the global hospital capacity management system. For instance, according to survey in data published on March 01, 2023, conducted by Becker's Healthcare, a multinational hospital in partnership with OmniLife Health, a healthcare company, Clinical  (CWA) software is increasingly being used by healthcare organisations across the U.S. to increase efficiency, cut costs, and improve patient outcomes, especially in complex care situations.

Figure 2. Global Hospital Capacity Management Systems Market Value (US$ Million), by Region, 2023

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Global Hospital Capacity Management Systems Market- Regional Analysis

Among regions, North America is estimated to hold a dominant position in the global Hospital Capacity Management Systems market over the forecast period. North America holds 39.1% of the market share due to the increasing prevalence of road accidents in the region. For instance, according to the data published in Januwary 23, 2023, a total of 35,766 fatal car accidents took place on American roads in 2020 and 1,593,390 more caused injuries. That means a total of 16,29,156 collisions happened over the course of a single year.

Global Hospital Capacity Management Systems Market – Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.

However, the COVID-19 pandemic had a positive impact on the global Hospital capacity management systems market. For instance according to article published in November 2022, by Taylor & Francis Group Journal, Healthcare systems are facing unprecedented difficulties, including as additional resource shortages brought on by the Covid-19 outbreak. As a result, during the crisis, hospitals in several countries were unable to adequately admit and care for patients. During this time, resources including medical personnel, beds, and personal protective equipment are in short supply. System Dynamics (SD) simulation has been used to simulate the patient flow in public hospitals in Amol, Iran, in order to manage the ICU and ward capacity during the COVID-19 timeframe.

Global Hospital Capacity Management Systems Market Segmentation:

The global Hospital Capacity Management Systems market report is segmented into Product Type, Modality, Delivery Mode and Region

Based on Products Type, the market is segmented into 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. Out of which, the bed management solution segment is expected to hold a dominant position in the hospital capacity management systems market during the forecast period and this is attributed to the increasing increasing prevalence of chronic diseases.

Based on Modality Type, the market is segmented into standalone solutions and integrated solutions. Out of which, the integrated solutions segment is expected to hold a dominant position in the hospital capacity management systems market during the forecast period and this is attributed because integrated hospital management system allows the hospital to overlook the functioning of its multi-location clinics by just switching between the identities of the organization.   

Based on Delivery Mode, the market is segmented into on premise and cloud-based. Out of which, the hospital segment is expected to dominate the market over the forecast period and this is attributed as cloud-based management systems as coast effective as there as less chance of errors as it cuts down the workforce

Among all segmentation, the products type segment has the highest potential due to increasing product launch by key market players. For instance, In April 25, 2023, OmniLife Health, a provider of clinical workflow automation, introduced FlowHawk platform to its paediatric care, to help transplant centers improve organ intake and save children. The transplant process is fully automated and digitalized with an end-to-end solution, known as FlowHawk for Kids, from patient referral and waitlist management to organ transplantation and post-transplant care.

Global Hospital Capacity Management Systems Market Cross Sectional Analysis:

In Product type segment, Workflow Management Solution hold a dominant segment in North America region due to the increasing services provided by key market players operating in the region. For instance, in May 2021, DATA Communications Management Corp., a provider of marketing and business communication solutions in North America, is making a significant contribution to the Canadian healthcare market as a leading solutions partner. Many of Canada's top healthcare organisations, including the hospitals, clinics, largest provincial health provider, largest laboratory service provider, and other healthcare enterprises across the country, use DATA Communications Management Corp’s communications and technology-enabled workflow solutions.

Global Hospital Capacity Management Systems Market: Key Developments

Expanding use of services by key market players is expected to drive the global hospital capacity management systems over the forecast period

Key players in the market are focused on expanding their services in order to enhance their market share. For instance, in January 12, 2023, CenTrak, a software company announced the launch of WorkflowRT is a scalable cloud-based platform that automates workflow and communications to reduce the load of manual paperwork needed throughout each stage of clinical care. Teams can monitor important patient flow indicators through the platform's integrated reporting to assist spot outliers or bottlenecks. Healthcare institutions have demonstrated a decrease in patient wait times, an increase in care time with patients, and greater satisfaction among patients and staff by leveraging historical measurements to support process improvements.

Global Hospital Capacity Management Systems Market: Key Trends

Increasing Traction of hospital capacity management systems in the healthcare industry due to its ability to optimize asset and resource management is expected to drive the hospital capacity management systems market growth over the forecast period. For instance

Increasing Traction of hospital capacity management systems in the healthcare industry due to its ability to optimize asset and resource management is expected to drive the hospital capacity management systems market growth over the forecast period. For instance, in according to the data published by the Harvard Business School Publishing, in Januwary 2022, Hospitals are interested in digital transformation, which involves using the advantages of technology to develop or enhance business operations. Hospital capacity management systems have gained traction in the healthcare industry due to its ability to optimize asset and resource management and also enable efficient assigning of healthcare staff. This in turn increases productivity while reducing time and assets wastage, as well as mismanagement.

Global Hospital Capacity Management Systems Market: Restraint

Lack of awareness regarding hospital management systems

The global hospital capacity management systems market can be hindered by lack of awareness regarding hospital management systems. For instance according to data published by Yro Systems Private Limited, a Business Center, Implementation of Hospital Management Systems (HMS) fails in many hospitals due to barriers such as Awareness of HMS advantages & importance, Experience and knowledge of using computer applications, impressions and Beliefs regarding HMS and making use of them efficiently, There is a shortage of professional healthcare faculty with in-depth knowledge of HMS and other similar technologies, etc.

Global Hospital Capacity Management Systems Market - Key Players

Major players operating in the global hospital capacity management systems market include , Allscripts Healthcare Solutions, Inc., Care Logistics, LLC, McKesson Corporation, Central Logic, STANLEY Healthcare, Sonitor Technologies, Inc., TeleTracking Technologies, Inc., Cerner Corporation, and Epic Systems Corporation.

Global Hospital Capacity Management Systems Market– Insights

Hospital capacity management solutions (HCMS) are used to effectively utilize and manage availability and accommodation of hospital beds, caregivers and other assets. HCMS enable improved patient care and projects patient inflow. These solutions comprise various modules such as workflow management, real-time tracking, and bed management.