Hospital Capacity Management Market

Hospital Capacity Management Market Segmentation by Product Type {Management (Asset, Bed, Patient Flow, Workforce, and Leave & Absence), Staff Scheduling, Medical Equipment, and Quality Patient Care}; by Delivery Mode (Cloud-Based, and On-Premise); by Component (Integrated, Software, and Others); and by End-User (Ambulatory Surgical Center, Hospital, Clinic, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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Report ID: 168 | Published On: Jun 02, 2022

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Despite Inflation & Recession News, Businesses Across the Globe Expected to Do Better in 2023

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


In The News

  • April 6, 2022: AMC health introduces rebranding of visual identity together with Telehealth, a virtual care service provider, and the launch of updated corporate website.

  • July 20, 2021: Medvivo acquires two noteworthy awards in Best Stakeholder categories and Best Offline Worker in the annual Interact Excellence Award 2021 for employee engagement, digital workplace strategy, and other innovative internal communication.


Global Hospital Capacity Management Market Highlights Over 2022 - 2031

The global hospital capacity management market is estimated to garner remarkable revenue by growing at a CAGR of ~25% over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to factors, such as, rising demand for better hospital management capacity, and need for reduction in healthcare expenditure, along with increasing awareness of patient care and safety. Moreover, significant advancement in medical technology, rising geriatric population across the globe, and higher prevalence of chronic diseases are expected to boost the market growth. A report published by the National Library of Medicine (NLM) showed that one out of three people have some type of chronic disease globally, meanwhile, in 2019, approximately 17 million deaths were noticed on account of cardiovascular diseases across the globe. Hospital capacity management, shortly known as HCM, is a system to provide better monitoring process for patients and make maximum utilization of available resources. Furthermore, the growth of the hospital capacity management market is also interlinked with the growth of the multiple medical technologies, such as, MRI scanners, stethoscopes, heart monitors, hypodermic, blood cuffs, hypodermic, EKG machines, and others. For instance, in 2020, the global medtech industry amounted to about USD 350 billion.

Hospital Capacity Management Market

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The market is segmented by delivery mode into cloud-based and on-premise, out of which, the cloud-based segment is anticipated to hold the notable share in the global hospital capacity management market during the forecast period on account of its agreeable expandability. Cloud-based services are utilized more frequently owing to their on-demand availability feature, enhanced personalized care, and better workflow.  


Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.


Global Hospital Capacity Management Market Regional Synopsis

Regionally, the global hospital capacity management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness significant growth over the forecast period on the back of growing geriatric population, increasing population with chronic diseases, rising government initiatives to reduce the healthcare expenditure, and increasing visits of people to the hospitals. Based on the data provided by National Health Council, it was stated that approximately 133 million people in the North Americans summing up to 40% of the total population of the region have some sort of chronic disease. The prevalence of chronic diseases is extremely high in the region. Furthermore, the rising geriatric population in the region with multiple diseases also projected to hike the growth of the market over the forecast period. For instance, according the data by the World Bank, the geriatric population (aged 65 or above) in North America touched 62,018,091 in 2020, while in U.S., it was 53.131 million.

Hospital Capacity Management Market Share

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The global hospital capacity management market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook


Hospital Capacity Management Market
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Market Segmentation

Our in-depth analysis of the global hospital capacity management market includes the following segments:

By Product Type

  • Management 
  • Asset
  • Bed
  • Patient Flow
  • Workforce
  • Leave & Absence 
  • Staff Scheduling
  • Medical Equipment
  • Quality Patient Care

By Delivery Mode

  • Cloud-Based
  • On-Premise

By Component

  • Integrated
  • Software
  • Others

By End-User

  • Ambulatory Surgical Center
  • Hospital
  • Clinic
  • Others


Growth Drivers
  • Increasing Demand for Enhanced Hospital Management Capacity
  • Requirement of Reduction in Healthcare Expenditure
  • Rising Awareness of Patient Care and Safety
  • Rising Cases of Chronic Diseases

Challenges

  • Lack of Awareness regarding Hospital Capacity Management
  • Certain Behavioral Boundaries 


Healthcare Expenditure per Capita, (USD), 2015-2018
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Top Featured Companies Dominating the Market

    • Koninklijke Philips N.V.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Asahi Kasei Advance Corporation
    • Medtronic plc
    • Advance Monitored Caregiving, Inc.
    • Cerner Corporation
    • Teladoc Health, Inc.
    • Medvivo Group Limited
    • Cisco Systems, Inc.
    • American Well Corporation
    • ClearArch, Inc.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the hospital capacity management market?

Ans: Rising cases of chronic diseases and requirement of reduction in healthcare expenditure are the major factors driving the growth of the hospital capacity management market.

2) What would be the CAGR of hospital capacity management market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~25% over the forecast period, i.e., 2022 - 2031.

5) Who are the major players dominating the hospital capacity management market?

Ans: The major players in the market are Koninklijke Philips N.V., Asahi Kasei Advance Corporation, Medtronic plc, Advance Monitored Caregiving, Inc., Cerner Corporation, Cisco Systems, Inc., American Well Corporation, and ClearArch, Inc.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the hospital capacity management market?

Ans: The market is segmented by product type, delivery mode, component, end-user, and by region.

8) Which sub-segment captures the largest market size in delivery mode segment in the hospital capacity management market?

Ans: The cloud-based segment is anticipated to hold the largest market size in value over the forecast period and display significant growth opportunities.

8) What are the challenges affecting the market growth?

Ans: Lack of awareness of hospital capacity management and particular behavioral boundaries are estimated to hamper the market growth.

8) Which region will provide more business opportunities for growth of the hospital capacity management market in the future?

Ans: The North America region will provide more business opportunities for growth of the hospital capacity management market in the future on the back of growing geriatric population.

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