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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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.
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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
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.
Our in-depth analysis of the global hospital capacity management market includes the following segments:
By Product Type
By Delivery Mode
By Component
By End-User
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.
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.
Ans: The market is anticipated to attain a CAGR of ~25% over the forecast period, i.e., 2022 - 2031.
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.
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.
Ans: The market is segmented by product type, delivery mode, component, end-user, and by region.
Ans: The cloud-based segment is anticipated to hold the largest market size in value over the forecast period and display significant growth opportunities.
Ans: Lack of awareness of hospital capacity management and particular behavioral boundaries are estimated to hamper the market growth.
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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