The global hospital capacity management solution market was valued at $2,927.25 million in 2021, and is projected to reach $6,745.13 million by 2031, registering a CAGR of 8.7% from 2022 to 2031.
Hospital capacity management can be described as optimizing a hospital's bed availability to provide enough space for effective, error-free patient evaluation, treatment, and transfer to satisfy daily demand. It helps the hospital executives, administrators, and clinical personnel to manage capacity and perform tracking more effectively due to hospital capacity management tools. Furthermore, planning and tracking lead to better resource management and usage, which boosts production and efficiency.
According to the National Health Council, incurable and ongoing chronic diseases affect approximately 133 million Americans, representing more than 40% of the total population of this country. Thus, the rise in the number of chronic health conditions leading to surge in the hospitalization, increase in demand for better health care facilities, and technical development in hospital capacity management are key factors driving the global hospital capacity management solution market. In addition, every second, a patient needs a hospital bed in a heavily populated nation like China. There is a larger patient pool due to the high population. Therefore, in this circumstance, a shorter hospital stay is required in order to shorten the line at the emergency room. These elements might all increase demand for hospital capacity management solutions in the market.
Moreover, the hospital capacity managing solutions offers maximum efficiency in the services offered by the hospitals, and also reduces the wait time for the patient. Furthermore, paperless operations can be performed by using the management solutions, by preparing the digital reports, which helps in improving patient satisfaction and also provides better services at affordable prices. Thus, prevalence of the advantages cause the adoption of the capacity management solutions by the healthcare sectors on a large scale leading to the market expansion.
In addition, there is a rise in the investments done by the key market players for the research and development process to develop more advanced capacity management tools with an aim to improve health care services. In addition, there is also increase in its adoption by large number of hospitals which are the key factors for the expansion of the hospital capacity management solution market. For instance, GE Healthcare announced the launch of intelligent workload management software, which operates on predictive analytics, optimizes workflow across an entire enterprise to improve the productivity. However, the market is expected to be significantly constrained in the near future by factors such as concerns about privacy of the patient’s data.
The hospital capacity management solution market is segmented on the basis of product type, component, end user, and region. By product type, it is divided into workflow management solutions, bed management solutions, patient flow management solutions, and others. On the basis of component, the market is bifurcated into services and software. The software segment is further divided into on premise and cloud based. By end user, the market is categorized into private hospitals, state owned hospitals, and community hospitals. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Allscripts Healthcare Solutions, Inc., Epic System Corporation, General Electric, Halma plc, Healthstream Inc., Infosys, JVS Technologies Pvt Ltd., Koninklijke Philips N. V., McKesson Corporation, NextGen Healthcare, Inc., Steris plc., and TeleTracking Technologies, Inc.
Hospital capacity management can be described as optimizing a hospital's bed availability to provide enough space for effective, error-free patient evaluation, treatment, and transfer to satisfy daily demand. It helps the hospital executives, administrators, and clinical personnel to manage capacity and perform tracking more effectively due to hospital capacity management tools. Furthermore, planning and tracking lead to better resource management and usage, which boosts production and efficiency.
According to the National Health Council, incurable and ongoing chronic diseases affect approximately 133 million Americans, representing more than 40% of the total population of this country. Thus, the rise in the number of chronic health conditions leading to surge in the hospitalization, increase in demand for better health care facilities, and technical development in hospital capacity management are key factors driving the global hospital capacity management solution market. In addition, every second, a patient needs a hospital bed in a heavily populated nation like China. There is a larger patient pool due to the high population. Therefore, in this circumstance, a shorter hospital stay is required in order to shorten the line at the emergency room. These elements might all increase demand for hospital capacity management solutions in the market.
Moreover, the hospital capacity managing solutions offers maximum efficiency in the services offered by the hospitals, and also reduces the wait time for the patient. Furthermore, paperless operations can be performed by using the management solutions, by preparing the digital reports, which helps in improving patient satisfaction and also provides better services at affordable prices. Thus, prevalence of the advantages cause the adoption of the capacity management solutions by the healthcare sectors on a large scale leading to the market expansion.
In addition, there is a rise in the investments done by the key market players for the research and development process to develop more advanced capacity management tools with an aim to improve health care services. In addition, there is also increase in its adoption by large number of hospitals which are the key factors for the expansion of the hospital capacity management solution market. For instance, GE Healthcare announced the launch of intelligent workload management software, which operates on predictive analytics, optimizes workflow across an entire enterprise to improve the productivity. However, the market is expected to be significantly constrained in the near future by factors such as concerns about privacy of the patient’s data.
The hospital capacity management solution market is segmented on the basis of product type, component, end user, and region. By product type, it is divided into workflow management solutions, bed management solutions, patient flow management solutions, and others. On the basis of component, the market is bifurcated into services and software. The software segment is further divided into on premise and cloud based. By end user, the market is categorized into private hospitals, state owned hospitals, and community hospitals. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in this report include Allscripts Healthcare Solutions, Inc., Epic System Corporation, General Electric, Halma plc, Healthstream Inc., Infosys, JVS Technologies Pvt Ltd., Koninklijke Philips N. V., McKesson Corporation, NextGen Healthcare, Inc., Steris plc., and TeleTracking Technologies, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hospital capacity management solution market analysis from 2021 to 2031 to identify the prevailing hospital capacity management solution market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hospital capacity management solution market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hospital capacity management solution market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Workflow Management Solutions
- Bed Management Solutions
- Patient Flow Management Solutions
- Others
By Component
- Services
- Software
- Type
- On Premise
- Cloud-based
By End User
- Private Hospitals
- State Owned Hospitals
- Community Hospitals
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest Of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Allscripts Healthcare Solutions, Inc
- Epic SystemCorporation
- General Electric
- Halma plc.
- Healthstream Inc.
- Infosys
- JVS Technologies Pvt Ltd.
- Koninklijke Philips N. V.
- McKesson Corporation
- NextGen Healthcare, Inc.
- Steris plc
- TeleTracking Technologies, Inc.
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Patent Landscape
CHAPTER 4: HOSPITAL CAPACITY MANAGEMENT SOLUTION MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Workflow Management Solutions
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Bed Management Solutions
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Patient Flow Management Solutions
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Others
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: HOSPITAL CAPACITY MANAGEMENT SOLUTION MARKET, BY COMPONENT
5.1 Overview
5.1.1 Market size and forecast
5.2 Services
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Software
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.3.4 Software Hospital Capacity Management Solution Market by Type
5.3.4.1 On Premise Market size and forecast, by region
5.3.4.2 Cloud-based Market size and forecast, by region
CHAPTER 6: HOSPITAL CAPACITY MANAGEMENT SOLUTION MARKET, BY END USER
6.1 Overview
6.1.1 Market size and forecast
6.2 Private Hospitals
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 State Owned Hospitals
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Community Hospitals
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
CHAPTER 7: HOSPITAL CAPACITY MANAGEMENT SOLUTION MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Product Type
7.2.3 North America Market size and forecast, by Component
7.2.3.1 North America Software Hospital Capacity Management Solution Market by Type
7.2.4 North America Market size and forecast, by End User
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Market size and forecast, by Product Type
7.2.5.1.2 Market size and forecast, by Component
7.2.5.1.3 Market size and forecast, by End User
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Product Type
7.2.5.2.2 Market size and forecast, by Component
7.2.5.2.3 Market size and forecast, by End User
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Product Type
7.2.5.3.2 Market size and forecast, by Component
7.2.5.3.3 Market size and forecast, by End User
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Product Type
7.3.3 Europe Market size and forecast, by Component
7.3.3.1 Europe Software Hospital Capacity Management Solution Market by Type
7.3.4 Europe Market size and forecast, by End User
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Product Type
7.3.5.1.2 Market size and forecast, by Component
7.3.5.1.3 Market size and forecast, by End User
7.3.5.2 France
7.3.5.2.1 Market size and forecast, by Product Type
7.3.5.2.2 Market size and forecast, by Component
7.3.5.2.3 Market size and forecast, by End User
7.3.5.3 UK
7.3.5.3.1 Market size and forecast, by Product Type
7.3.5.3.2 Market size and forecast, by Component
7.3.5.3.3 Market size and forecast, by End User
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Product Type
7.3.5.4.2 Market size and forecast, by Component
7.3.5.4.3 Market size and forecast, by End User
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Product Type
7.3.5.5.2 Market size and forecast, by Component
7.3.5.5.3 Market size and forecast, by End User
7.3.5.6 Rest of Europe
7.3.5.6.1 Market size and forecast, by Product Type
7.3.5.6.2 Market size and forecast, by Component
7.3.5.6.3 Market size and forecast, by End User
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Product Type
7.4.3 Asia-Pacific Market size and forecast, by Component
7.4.3.1 Asia-Pacific Software Hospital Capacity Management Solution Market by Type
7.4.4 Asia-Pacific Market size and forecast, by End User
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 Japan
7.4.5.1.1 Market size and forecast, by Product Type
7.4.5.1.2 Market size and forecast, by Component
7.4.5.1.3 Market size and forecast, by End User
7.4.5.2 China
7.4.5.2.1 Market size and forecast, by Product Type
7.4.5.2.2 Market size and forecast, by Component
7.4.5.2.3 Market size and forecast, by End User
7.4.5.3 Australia
7.4.5.3.1 Market size and forecast, by Product Type
7.4.5.3.2 Market size and forecast, by Component
7.4.5.3.3 Market size and forecast, by End User
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Product Type
7.4.5.4.2 Market size and forecast, by Component
7.4.5.4.3 Market size and forecast, by End User
7.4.5.5 South Korea
7.4.5.5.1 Market size and forecast, by Product Type
7.4.5.5.2 Market size and forecast, by Component
7.4.5.5.3 Market size and forecast, by End User
7.4.5.6 Rest of Asia-Pacific
7.4.5.6.1 Market size and forecast, by Product Type
7.4.5.6.2 Market size and forecast, by Component
7.4.5.6.3 Market size and forecast, by End User
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Product Type
7.5.3 LAMEA Market size and forecast, by Component
7.5.3.1 LAMEA Software Hospital Capacity Management Solution Market by Type
7.5.4 LAMEA Market size and forecast, by End User
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Market size and forecast, by Product Type
7.5.5.1.2 Market size and forecast, by Component
7.5.5.1.3 Market size and forecast, by End User
7.5.5.2 Saudi Arabia
7.5.5.2.1 Market size and forecast, by Product Type
7.5.5.2.2 Market size and forecast, by Component
7.5.5.2.3 Market size and forecast, by End User
7.5.5.3 South Africa
7.5.5.3.1 Market size and forecast, by Product Type
7.5.5.3.2 Market size and forecast, by Component
7.5.5.3.3 Market size and forecast, by End User
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Market size and forecast, by Product Type
7.5.5.4.2 Market size and forecast, by Component
7.5.5.4.3 Market size and forecast, by End User
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Players
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Allscripts Healthcare Solutions, Inc
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Epic SystemCorporation
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 General Electric
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Halma plc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Healthstream Inc.
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Infosys
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 JVS Technologies Pvt Ltd.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Koninklijke Philips N. V.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 McKesson Corporation
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 NextGen Healthcare, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Steris plc
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 TeleTracking Technologies, Inc.
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Hospital Capacity Management Solution Market,' the hospital capacity management solution market size was valued at $2.9 billion in 2021, and is estimated to reach $6.8 billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031.The hospital capacity management solution (HCMS) is a program which helps hospitals efficiently use and maintain hospital beds, caregivers, and other asset availability in an efficient manner. These solutions for hospital capacity management improve and accelerate patient treatment, which in turn shortens a patient's stay in the hospital. Moreover, the nearest nurse, doctor, or caregiver is assigned to the patient by the HCMS to provide prompt care, allowing for an early discharge. Reduced hospital stays is one reason that is anticipated to drive HCMS demand during the forecast period.
The drivers that are accelerating the hospital capacity management solution market growth includes the demand for better hospital capacity management, the need to control the rising healthcare costs, and the benefits of capacity management systems in improving patient care and safety. Also, factors such as rise in patient volume brought on by chronic disease and COVID-19 prevalence as well as the requirement to effectively manage regulatory compliance through the application of capacity management systems drives the growth of the hospital capacity management solution market share.
The tremendous growth in chronic conditions, as well as the rapidly increasing healthcare centers, and rising economies in the developing countries highlights the demand for the bed management system which analyze and predict bed vacancy at the emergency department (ED) and thereby reduce wait time by 35-50% and causes the prevalence of factors that lead to the growth of the hospital capacity management solution market trends.
However, the market is expected to be significantly constrained in the near future by factors such as concerns about the data security and privacy of the patient’s data.
According to the product type, workflow management solutions segment was the largest segment in the 2021 and is expected to grow at a highest CAGR during the forecast period, due to increase in due to the growing need for efficient workflow maintenance, workforce training, and supply monitoring in hospitals, all of which help save money and time.
By component, the software segment holds a dominant portion in the global hospital capacity management solution market in 2021. This is mainly due to increase in the adoption of the IoT based healthcare solutions which assist in managing the large patient crowd and is also expected to grow at the fastest rate at a CAGR during the forecast period.
By end user, the state owned hospitals segment owned the largest share of the hospital capacity management solution industry in 2021, because of growing demand for end-to-end healthcare solutions and growing unmet need for workflow management systems, due to the rise in the number of hospital admissions due to the prevalence of serious diseases. On the other hand, the private hospitals are expected to grow at the highest CAGR during the forecast period.
Region wise, North America acquired a major share, owing to the presence of key players, and government initiatives to invest in the research and development further boosts the growth of the hospital capacity management solution market. However, Asia-Pacific is expected to witness the highest growth rate for the market throughout the forecast period due to the investments by the public and private market players for business expansion in this region.
According to Onkar Sumant, Manager, Healthcare,'Rise in the demand for the better healthcare facilities, increasing investment by healthcare and IT companies, and rapid technological advancements are some factors that boost the growth of the market.'
KEY FINDINGS OF THE STUDY
By product type, the workflow management solutions segment was the highest contributor to the market in 2021.By component, the software segment was the highest contributor to the market in 2021, and is expected to continue this trend during the forecast period.
Depending on end user, the state owned hospitals segment was highest contributor in 2021 and the private hospitals segment is expected to grow at the fastest CAGR during the forecast period.
Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Allscripts Healthcare Solutions, Inc.
- Epic Systemcorporation
- General Electric
- Halma PLC.
- Healthstream Inc.
- Infosys
- Jvs Technologies Pvt Ltd.
- Koninklijke Philips N.V.
- Mckesson Corporation
- Nextgen Healthcare, Inc.
- Steris PLC
- Teletracking Technologies, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 315 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 2927.25 million |
| Forecasted Market Value ( USD | $ 6745.13 million |
| Compound Annual Growth Rate | 8.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
