What Has Been the Growth Trajectory for the Hospital Capacity Management Solutions Market in Recent Years?
The hospital capacity management solutions market has seen considerable growth due to a variety of factors.
• The market size of hospital capacity management solutions has seen a rapid expansion in the recent past. It is projected to escalate from $3.95 billion in 2024 to $4.55 billion in 2025, showcasing a compound annual growth rate (CAGR) of 15.3%. Factors contributing to the growth during the historical period include patient safety and quality of care, upgrades in healthcare infrastructure, real-time monitoring, financial stresses, and a focus on patient flow.
How Does the Forecast Look for the Hospital Capacity Management Solutions Market?
The Hospital Capacity Management Solutions market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the hospital capacity management solutions market size is set to witness swift expansion. The market size is predicted to balloon to $8.84 billion in 2029, growing at a compound annual growth rate (CAGR) of 18.1%.
The surge during the forecast period can be credited to aspects such as digital transformation in healthcare, international health issues, real-time tracking and data analysis, as well as interoperability and integration. Key trends during the projected period will be remote patient monitoring and telehealth, data-based decision making, predictive modeling and forecasting, together with collaborative healthcare models.
What Are The Leading Drivers Of Growth In The Hospital Capacity Management Solutions Market?
Efforts made by governments to increase patient satisfaction and enhance healthcare quality have contributed towards boosting the expansion of the hospital capacity management solutions market. Healthcare quality initiatives are being heavily promoted by government entities, resulting in increased investments in hospital capacity management solutions as they enable improvement and efficiency in healthcare operations. For example, the Government of India and the World Bank, an international financial institution based in the United States, in May 2023, approved two corresponding loans amounting to $500 million each to spur the growth of India's healthcare sector. This joint funding of $1 billion is anticipated to bolster the Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), aimed at augmenting public healthcare infrastructure nationwide. Hence, such measures are expected to stimulate further growth of the hospital capacity management solutions market.
How Are The Segments Defined Within The Global Hospital Capacity Management Solutions Market?
The hospital capacity management solutions market covered in this report is segmented –
1) By Component: Software, Services
2) By Product: Asset Management, Patient Flow Management Solutions, Workforce Management, Quality Patient Care
3) By Mode Of Delivery: On-Premise, Cloud-Based
4) By Application: Standalone Solutions, Integrated Solutions
5) By End-User: Hospitals, Ambulatory Surgical Centers
Subsegments:
1) By Software: Capacity Planning Software, Patient Flow Management Software, Bed Management Software, Reporting And Analytics Tools, Other Hospital Management Software
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
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How Are New Trends Expected To Influence The Growth Of The Hospital Capacity Management Solutions Market?
Improvements in technology are a rising trend in the connected hospital capacity management solutions market. Prominent companies in the sector are revolutionising patient flow handling with AI (artificial intelligence) innovations that allow hospital administrators to make quick, informed choices, thereby boosting overall operational performance. For example, in June 2023, LeanTaaS, an American company specializing in software that employs lean principles, predictive analytics, and machine learning to improve hospital practices, unveiled iQueue Autopilot, a pioneering solution. It is the first AI tool explicitly developed for hospital administration. iQueue Autopilot is intended to aid hospital managers in decision making by supplying insights into patient circulation, scheduling, and staffing via conversational interactions. It uses predictive and prescriptive analytics to effectively tackle common issues such as staff shortages and disorganized workflows. With this introduction, LeanTaaS is greatly enhancing its potential to streamline healthcare operations, which will ultimately enhance patient access and staff contentment in numerous health systems.
Who Are the Key Players In The Hospital Capacity Management Solutions Market?
Major companies operating in the hospital capacity management solutions market include:
• 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.
What Is The Most Dominant Region In The Hospital Capacity Management Solutions Market?
North America was the largest region in the hospital capacity management solutions market in 2024. 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.
