Hospital Capacity Management Solutions Global Market Report 2024

The global hospital capacity management solutions market has grown rapidly in recent years. It will grow from $3.46 billion in 2023 to $4.03 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth observed in the historical period can be attributed to factors such as a focus on patient safety and quality care, efforts to improve healthcare infrastructure, the implementation of real-time monitoring systems, financial pressures on healthcare organizations, and an emphasis on optimizing patient flow.

The global hospital capacity management solutions market is expected to see rapid growth in the next few years. It will grow to $7.44 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The anticipated growth in the forecast period can be attributed to the ongoing digital transformation in healthcare, the need to address global health challenges, the increasing adoption of real-time monitoring and analytics, and efforts towards achieving interoperability and integration within healthcare systems. Key trends expected in this period include the widespread adoption of remote monitoring and telehealth services, a shift towards data-driven decision-making processes, the incorporation of predictive modeling and forecasting techniques, and the promotion of collaborative care models.

The hospital capacity management solutions market is experiencing substantial growth propelled by government initiatives aimed at enhancing patient satisfaction and improving the quality of healthcare. Governments worldwide are encouraging initiatives to make healthcare processes more efficient, leading to increased investments in hospital capacity management solutions. A notable example is the Government of India's collaboration with the Government of Meghalaya and the World Bank in November 2021, signing a US$ 40 million health project to improve healthcare services and response capabilities, including addressing health emergencies such as the COVID-19 pandemic. The establishment of 638 e-Hospitals throughout India further emphasizes the commitment to enhancing healthcare infrastructure, contributing to the growth of the hospital capacity management solutions market.

The hospital capacity management solutions market is poised for increased demand due to the rising prevalence of chronic diseases. Chronic conditions, requiring long-term management, result in recurrent hospitalizations, leading to fluctuations in-patient admissions. Hospitals, in response, are seeking effective solutions to manage and optimize bed capacity efficiently. An illustrative statistic from January 2023, according to the National Library of Medicine, highlights a projected 99.5% increase in the number of people in the US aged 50 and older with at least one chronic condition by 2050. This escalating prevalence of chronic diseases is a significant driver propelling the growth of the hospital capacity management solutions market.

Technological advancements represent a key trend shaping the connected hospital capacity management solutions market. Companies operating in this sector are heavily investing in real-time data utilization, gaining a competitive edge. A noteworthy example is GE Healthcare's collaboration with Apprise Health Insights in October 2021, resulting in an innovative application offering real-time hospital occupancy statistics. This application empowers hospitals to maximize their resources, providing decision-makers with valuable data for statewide capacity improvement and collaborative resource management. Technological advancements are instrumental in enhancing the efficiency and effectiveness of hospital capacity management solutions, reflecting a transformative trend in the market.

Major companies in the hospital capacity management solutions market are actively forming strategic partnerships to fortify their positions. A strategic partnership involves formal alliances between entities to achieve common goals, often with a long-term perspective. In April 2023, LeanTaaS and Siemens Healthineers announced a strategic partnership, leveraging LeanTaaS' AI and ML predictive and prescriptive analytics solutions, combined with Siemens Healthineers' enterprise-wide management expertise. This collaboration aims to empower large hospitals and health systems within the Siemens Healthineers network, enhancing outcomes such as improved patient access, physician and staffing satisfaction, and financial performance. Strategic partnerships are instrumental in driving innovation and fostering comprehensive solutions in the hospital capacity management solutions market.

In April 2021, Alcidion Corporation, an Australian software solutions provider for high-performance healthcare, successfully acquired ExtraMed Ltd for an undisclosed sum. This strategic move positions Alcidion as a leader in the UK patient flow market, providing opportunities for cross-selling the complete Alcidion product line. ExtraMed Ltd., the acquired company, is a UK-based specialist in patient flow management.

Major companies operating in the hospital capacity management solutions market report are GE HealthCare Technologies Inc., Infosys Limited, TeleTracking Technologies Inc., McKesson Corporation, Alcidion Corp., Koninklijke Philips N.V., Epic Systems Corporation, NextGen Healthcare Inc., Stanley Black & Decker Inc., Care Logistic Inc., INFINITT Healthcare Co. Ltd., WellSky Corporation, Simul8 Corporation, Change Healthcare, HealthStream Inc., Allscripts Healthcare Solutions Inc., JVS Technologies Pvt Ltd., Cerner Corporation, Medworxx Solutions Inc., Optum Inc., Premier Inc., Nihon Kohden Corporation, Masimo Corporation, Baxter International Inc., Siemens Healthineers AG, Stryker Corporation, Terumo Corporation, Capsule Technologies Inc., ZOLL Medical Corporation, Vocera Communications Inc.

North America was the largest region in the hospital capacity management solutions market in 2023. The regions covered in the hospital capacity management solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. 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, Canada, Italy, Spain.

The main products within hospital capacity management solutions include asset management, patient flow management solutions, workforce management, and quality patient care. Asset management provides hospital executives and staff with real-time tracking and planning of hospital capacity and assets. It involves systematic and cost-effective planning, acquisition, maintenance, operation, and disposal of machinery, equipment, and physical assets within a healthcare organization. Hospital capacity management solutions consist of software and services, and they can be delivered through on-premise installations or cloud-based systems. These solutions find applications in standalone implementations as well as integrated solutions, catering to the needs of hospitals and ambulatory surgical centers.

This report 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.

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 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.


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