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Hospital Capacity Management Market : Global Demand Analysis & Opportunity Outlook 2023

Published On : 09:40 AM, 14th September, 2017 REP-ID-168 Category: Healthcare

Global Hospital Capacity Management Solutions Market Overview

Technological advancements in healthcare IT across the globe are changing the working environment of hospitals and medical facilities in order to provide effective and time savings cure to the patients. Rise in numbers of patients and diseases across the globe are a major burden on the healthcare sectors. In order to overcome and minimize the burden, hospitals are adopting hospital capacity management solutions. Hospital capacity management solutions enable effective and time saving care of patients and minimize the length of patient’s stay in hospital. Hospital capacity management solutions are beneficial for the better monitoring of patients as well as for the hospitals to generate more revenue and to enhance the services. Several hospital capacity management solutions are installed with tracking and monitoring technologies which benefit the caregivers and nurses by tracking the location of patient and medical equipment such as stretchers, wheelchairs, etc. 

Market size and forecast

The global hospital capacity management solutions market is expected to expand significantly at a CAGR of 5.12 % over the forecast period i.e. 2016-2023; market of hospital capacity management solutions has accounted USD 804 Million in 2015.

                     Hospital Capacity Management Market Demand, growth & revenue

Apart from this, the workflow management solution market is expected to register a CAGR of 5.12% over the forecast period i.e. 2016-2023 owing to rising concern towards time management to provide time saving services and management of caregivers.

North-America accounted for the largest market share in 2015 of hospital capacity management solutions market globally. The market of North America region is expected to continue its dominance by witnessing the highest growth over the forecast period i.e. on account of rising hospitals and in-patients in the region. Following the same trend, Asia-Pacific is expected to be the second largest revenue contributor across the globe in the market of hospital capacity management solutions. Rising healthcare sectors owing to increase in health expenditure and positive GDP growth in emerging nations present in the regions are expected to spur the demand for hospital capacity management solutions. Moreover, rising number of multi-specialty hospitals and Healthcare IT across the globe in order to provide better cure and numerous services are likely to equip the latest technology management solutions. Growing trends in market comprises adoption of integrated solutions and services in hospitals, management of patient flow in hospitals are some of the major key factors which pave the market of hospital capacity management solutions in near future.

Market Segmentation

The Global Hospital Capacity Management Solutions Market is segmented on the basis of as follows:

Demand Analysis By Product Type

Workflow Management Solution

Asset Management Solution

  • Radiology Utilization Management Solutions
  • Laboratory Equipment Management Solutions
  • 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

Demand Analysis By Solution Type

  • Standalone Solutions
  • Integrated Solutions

By Delivery Type

  • On Premise
  • Cloud-Based

By Region

Global Hospital Capacity Management Solutions Market is further classified on the basis of region as follows:

  • North America (United States (U.S.), Canada) Market Size and Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
  • Rest of World  Market Size and Y-O-Y Growth Analysis

Growth Drivers and challenges

Rise in number of in-patients for long term cure in hospitals and necessity to provide better and time savings healthcare services to the patients so that patients can be discharges earlier, hospital capacity management solutions are growing in prominence to ensure timely care. Technological advancements in healthcare IT across the globe reached utmost heights of technology in order to provide time savings effective cure to the patients. Growing needs of integrated healthcare services and solutions are likely to foster the demand for hospital capacity management solutions over the forecast period i.e. 2016-2023. Further, availability of miscellaneous user friendly solutions for the management of hospital and patient cure is expected to drive the growth of hospital capacity management solutions market across the globe. Apart from this, optimizations of resources in hospitals with the aim to provide cost effective services and generate more revenue and rising research and development activities in healthcare IT are some of the major factors which are expected to bolster the demand for hospital capacity management solutions in near future.

However, the strict guidelines for installation and operation of hospital capacity management solutions are likely to curb the demand for capacity management solutions in hospital.

Moreover, high cost of installation and equipment, dearth of skilled healthcare professionals in developing and under developed countries are some of the factors which are expected to restrain the market growth for hospital capacity management solutions globally.

Key Players

The key players of hospital capacity management solutions market are as follows:

  • Infosys Limited
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • TeleTracking Technologies Inc.
  • NextGen Healthcare Information Systems LLC
  • GE Healthcare
  • McKesson Corporation
  • Cerner Corporation
  • STERIS Corporation
  • Alcidion Corporation

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Hospital Capacity Management Solutions Market is segmented as follows:

  • By Product type Market Size and Y-O-Y Growth Analysis
  • By Solutions type Market Size and Y-O-Y Growth Analysis
  • By Delivery type Market Size and Y-O-Y Growth Analysis

By Regions

  • North America (U.S., Canada) Market Size and Y-O-Y Growth Analysis
  • Latin America (Mexico, Brazil, Rest of Latin America) Market Size and Y-O-Y Growth Analysis
  • Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe) Market Size and Y-O-Y Growth Analysis
  • Asia-Pacific (China, India, Singapore, Japan, Australia and New Zealand and Rest of Asia) Market Size and Y-O-Y Growth Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis
  • Rest of World  Market Size and Y-O-Y Growth Analysis

Market Dynamics

Supply and Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

              Key Answers Captured in Report?

Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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