An Incisive, In-depth Analysis on the Hospital Capacity Management Solutions Market
This study offers a comprehensive, 360 degree analysis on the Hospital Capacity Management Solutions market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Hospital Capacity Management Solutions market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Hospital Capacity Management Solutions Market Outlook & Key Findings
- Global hospital capacity management solutions market expected to grow at 5% CAGR through 2030
- RTLS (Real time locating system) preferred capacity management solution among end users
- Cloud-Based hospital capacity management solutions gaining adoption
- Manufacturers focusing on the introduction of integrated hospital capacity management solutions to have multiple solutions in one go
- North America and Europe collectively account for more than half of the hospital capacity management solutions market and would continue to do so during the forecast period
Hospital Capacity Management Solutions Market Analysis: Higher Adoption of Real Time Locating System (RTLS)
Investment in RTLS (Real Time Location System) is growing among end-users. According to FMI’s estimate, nearly 30% of all spending on hospital capacity management solutions market can be attributed to real time location systems.
Regulatory enforcement of RTLS across the entire healthcare vertical is driving this market share. Another factor fueling the market includes an increasing use of RTLS system-based crisis response & emergency management in healthcare. Through this feature, patients’ assets can be easily tracked.
Plus, initiatives by the governments all across are expected to boost the hospital capacity management solutions market in the forecast period.
Integrated Solutions Investments on the Rise
The integrated solutions account for maximum market share and are expected to hold the flag high in the forecast period as well as they attribute to the following:
- Well-defined workflows
An integrated solution keeps the entire healthcare arm on the same page. The basic advantage is that one need not dig through numerous mails when required in any context.
- Streamlined and Prioritized workflows
There are several subsidiary solutions running inside the primary solution. Synchronization helps in giving proper output. For instance – EMR (Electronic Medical Record) could be the primary solution; with patients’ case history as the secondary one.
These multi-module solutions are expected to drive the hospital capacity management solutions market.
Cloud-based Hospital Capacity Management Solutions to Catalyze the Market
Cloud-based solutions account for the largest share of the global hospital capacity management solutions market. EMR gets maintained through cloud-based solutions. They include bedside monitors, MRI scanners, and others.
The ongoing pandemic has increased the demand for point-of-care access to the medical records. This digitization is expected to upscale the demand for cloud-based solutions in the near future.
One such cloud-based solution is MedStar HIS. It ensures of operational efficiency and also helps the hospitals in decision-making. On similar grounds, Infosys’ hospital capacity management solutions track the capacity levels for the hospital and forecasts the level for the next 4, 8, 12, 24, and 72 hours.
They also send alert messages with respect to shortage of resources much before interrupting patient STP (Straight-Through-Processes). As such, hospitals could make informed decisions in the optimization of hospital assets’ usage.
On Jun 18 2020, 5 exclusive health systems presented studies on implementation of eGlycemic Management System (eGMS) at the time of 2020 DTS (Diabetes technology Society) Virtual Hospital Poster Session. eGMS has been devised by Glytec, the sole player providing insulin management software.
Hospital Capacity Management Solutions: Adoption Amidst COVID-19 Pandemic
The outbreak of Covid-19 has resulted into growing adoption for hospital capacity management solutions. The patients’ records maintained herein help in administering the course of treatment, especially if they test positive for Covid-19.
Besides, wireless access to this data helps in taking precautionary measures in sensitive areas. The other advantages include patient discharge management, patient flow optimization, supply chain management, and bed capacity management.
High Cost of Hospital Capacity Solutions: A Key Challenge
Hospital capacity management solutions have gained popularity in the developed countries. However, adoption of these services in developing regions continues to be low.
Plus, poor healthcare infrastructure herein is posing a challenge to the adoption of hospital capacity management solutions. Some of hospital management software’s include MocDoc, Insta, Attune, eHospital, and ITDose Infosystem.
Hospital Capacity Management Solutions Market: Region-wise Analysis
North America and Europe continue to be the most lucrative markets for hospital capacity management solutions due to growing adoption of e-health solutions, and increasing demand for reducing patients’ waiting time and labor cost.
Markets in East Asia, Latin America, South Asia, and Middle East & Africa are in the growth phase due to an increasing usage of ICT (information communication technology) in healthcare sector.
Leading Players in Hospital Capacity Management Solutions Market
Several manufacturers are looking to make an entry to the hospital capacity management solutions market with introduction of digitization and integrated solutions. Some of the key players in the hospital capacity management solutions market are:
Americas
- Cerner Corporation
- Epic Systems Corporation
- TeleTracking Technologies, Inc.
- Sonitor Technologies, Inc.
- STANLEY Healthcare
- Allscripts
- McKesson Corporation
Europe
- Arcomed AG
- Koninklijke Philips N.V.
Asia Pacific
- JVS Group
- Infosys Limited
- Neusoft Corporation
- INFINITT Healthcare Co. Ltd.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
Hospital Capacity Management Solutions Market: The Way Forward
Hospital capacity management solutions market promises prominent opportunities for growth, with FMI’s analysis estimating the market to grow at over 5% Y-o-Y in 2020.
The Covid-19 pandemic has generated a strong demand in 2020 as there is an utmost need of maintaining hospital workflow and patient data. Remote access to patients is also asked for. These solutions would be needed in future as well; as administration of any line of treatment will need checking the patient’s medical history beforehand.
Hospital capacity management solutions market players are emphasizing on the introduction of cloud-based and integrated hospital capacity management solutions. Key players are into collaborations and partnerships with software companies for introducing more effective solutions. Increasing number of people undergoing surgeries, higher occupancy of the hospital beds are the factors expected to drive the market in the forecast period.
A recent market study published by Future Market Insights (FMI) on the hospital capacity management solutions market including global industry analysis for 2015-2019 & opportunity assessment for 2020-2030 delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the hospital capacity management solutions market, growth prospects are obtained with utmost precision.
Hospital Capacity Management Solutions Market: Segmentation
The global hospital capacity management solutions is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
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Report Chapters
Chapter 01 – Executive Summary
The report initiates with the executive summary of the hospital capacity management solutions market, which includes a snapshot of key findings and statistics. It also includes market size and revenue distribution of the hospital capacity management solutions market.
Chapter 02 – Market Overview
Readers can find the definition and a detailed segmentation of the hospital capacity management solutions market in this chapter; which will help them understand the basics of the market.
Chapter 03 – Key Market Trends
This section includes key product development trends and innovative market expansion strategies.
Chapter 04 – Market Context
This section includes premium insights such as regulatory scenario, product adaption analysis, reimbursement scenario, and many more. This section helps readers understand the key factors associated with the hospital capacity management solutions market.
Chapter 05 – Market Background
This chapter explains the key macroeconomic factors, drivers, restraints, trends, and opportunities that are expected to influence growth of the hospital capacity management solutions market over the forecast period. This section also provides Covid-19 impact analysis on the growth of the hospital capacity management solutions market.
Chapter 06 – Global Hospital Capacity Management Solutions Value Analysis 2015-2019 & Opportunity Assessment 2020-2030
This section gives the global market value analysis and forecast for the hospital capacity management solutions during the forecast period. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020–2030).
Chapter 07 – Global Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030, by Product Type
Based on product type, the hospital capacity management solutions market is segmented into workflow management solutions, asset management solutions, bed management solutions, quality patient care solutions, real time locating system (RTLS), and event driven solutions. In this chapter, readers can find information about the key trends and developments in hospital capacity management solutions and market attractiveness based on product type.
Chapter 8 – Global Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030, by Application
This chapter provides details about the hospital capacity management solutions based on application, and has been classified into standalone solutions and integrated solutions. In this chapter, readers can understand the market attractiveness based on application.
Chapter 9 – Global Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030, by Delivery Mode
This chapter provides details about the hospital capacity management solutions market based on delivery mode, and spans on premise and cloud-based. In this chapter, readers can understand the market attractiveness based on delivery mode.
Chapter 10 – Global Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030, by Region
This chapter explains how the hospital capacity management solutions market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa (MEA).
Chapter 11 – North America Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter gives a detailed analysis of growth of the North America hospital capacity management solutions market, along with a country-wise assessment that includes the US and Canada. Readers can also find the regional trends, and market growth based on the product type and countries in North America.
Chapter 12 – Latin America Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter provides the growth scenario of the hospital capacity management solutions market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.
Chapter 13 –Europe Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter provides the growth scenario of the hospital capacity management solutions market in Europe in several countries such as Germany, the U.K., France, Spain, Italy, Russia and the Rest of Europe are included in this chapter.
Chapter 14 – South Asia Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter provides the growth scenario of the hospital capacity management solutions market in South Asia in several countries such as India, Thailand, Malaysia, Indonesia, and Rest of South Asia.
Chapter 15 – East Asia Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter highlights the growth of the hospital capacity management solutions in East Asia by focusing on China, South Korea, and Japan. It also helps readers understand the key factors that are responsible for the growth of the hospital capacity management solutions market in East Asia.
Chapter 16 – Oceania Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter highlights the growth of the hospital capacity management solutions in Oceania. This section also help readers understand the key factors that are responsible for the growth of the hospital capacity management solutions market in Australia and New Zealand.
Chapter 17 – Middle East & Africa Hospital Capacity Management Solutions Analysis 2015-2019 & Opportunity Assessment 2020-2030
This chapter provides information about how the hospital capacity management solutions market will grow in major countries in the Middle East & Africa region such as GCC Countries, South Africa, Turkey and the Rest of MEA during the forecast period.
Chapter 18 –Market Structure Analysis
In this chapter, readers can find detailed company share analysis, and tier structure analysis.
Chapter 19 – Competition Analysis
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the hospital capacity management solutions market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are McKesson Corporation, Care Logistics LLC., STANLEY Healthcare, Sonitor Technologies, Inc., and more.
Chapter 20 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the hospital capacity management solutions report.
Chapter 21 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the hospital capacity management solutions market.
Sources and Primary Research Splits (%)
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