Hospital Capacity Management Solutions Market Share, Size, Trends, Industry Analysis Report, By Product (Asset Management, Patient Flow Management Solutions, Workforce Management, Quality Patient Care), By Mode of Delivery, By Component, By End-Use, By Re

Hospital Capacity Management Solutions Market Share, Size, Trends, Industry Analysis Report, By Product (Asset Management, Patient Flow Management Solutions, Workforce Management, Quality Patient Care), By Mode of Delivery, By Component, By End-Use, By Regions, Segments & Forecast, 2023 – 2032

The global hospital capacity management solutions (HCMS) market size is expected treach USD 16,980.74 million by 2032, according ta new study by Polaris Market Research. The report “Hospital Capacity Management Solutions Market Share, Size, Trends, Industry Analysis Report, By Product (Asset Management, Patient Flow Management Solutions, Workforce Management, Quality Patient Care), By Mode of Delivery, By Component, By End-Use, By Regions, Segments & Forecast, 2019 – 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

The hospital Capacity Management Solutions Market (HCMS) is projected tgrow at the fastest rate over the forecasted period owing tthe rising need toptimize the escalating healthcare costs, better capacity management in healthcare institutions, and the advantages of capacity managing solutions in improving patients' safety and care.

Other factors supporting the market include faster adoption of IoT technology in private healthcare services, increasing patient pools in hospitals for chronic diseases, and demand for mobile hospital management solutions.

Hospital Capacity Management Solutions are devices that are designed tassist healthcare facilities in efficiently managing patient services and optimizing other operations. It alsempowers hospital executives, clinical staff, and administrators with real-time hospital asset tracking and can forecast the levels over a range of periods of 4, 8, 12, 24, and 72 hours.

The Increasing expenditure on healthcare services in the last few years has remained as one of the most vital factors for healthcare institutions. For instance, according tAmerican Medical Association, the health care spending in the U.S. has increased by 9.7% in 2022 t$4.1 trillion or $12,350 per capita.

Among the spending, the top three categories that received the most attention are hospital care (30.8%), physician services (14.4%), and prescription drugs (8.4%). The rising government expenditure towards improving healthcare facilities, coupled with the rising out-of-pocket expenditure of patients, has compelled several private healthcare institutions testablish their business units across the globe.

Various inhibiting factors for the hospital capacity management solutions market can be expected tits higher establishment cost along with the substantial recurring cost tmaintain and upgrade the software from time ttime. The need for training and upskilling the hospital personnel toperate the system has further increased the ownership costs of the system. Further, the potential risk related tpatient data security and privacy while using IoT-based technology alsremained a challenge ttackle in the coming period.

Hospital Capacity Management Solutions Market Report Highlights:

The market witnessed an overall positive demand in the covid-19 pandemic days. The period was characterized by overcrowded hospitals, shortage of hospital beds and physicians, lack of oxygen cylinders, difficulty maintaining adequate staffing and supporting staff, and depletion of essential medical supplies and logistic support.

The asset management segment is projected taccount for a major market share in 2022 owing tits provided benefits, including enabling the hospital staff, and patients in using the assets whenever needed by keeping track of their location.

The workforce management segment is expected twitness promising growth opportunities in the coming years, with increasing demand for efficient workforce management treduce cost and improve productivity and a rising number of public and private hospitals.

The software segment is expected tdominate the hospital capacity management solutions market in 2022. The underlying factors supporting the growth include the rising adoption of computer-based tools, telemedicine services, digital health apps, and increased digitalization.

The private hospital segment is expected twitness a rapid CAGR in the forecast period, supported by the increasing number of private medical institutions driven by shifting towards better healthcare facilities provided by private players.

North America region accounted for the largest market share in 2022 due trising chronic disease patients in the U.S. and the presence of major healthcare players including Center Corporation, NextGen Healthcare, Simul8 Corporation, McKesson Corporation, Allscripts Healthcare Solutions, and more.

The Asia Pacific market is expected tgrow rapidly during the forecast period owing tfavorable government initiatives treduce healthcare-associated costs and increase disposable income in the last few years.

Polaris Market Research has segmented the Hospital Capacity Management Solutions Market report based on product, mode of delivery, component, end-use, and region:

Hospital Capacity Management Solutions Market, Product Outlook (Revenue - USD Million, 2019 - 2032)

Asset Management

Medical Equipment Management

Bed Management

Patient Flow Management Solutions

Workforce Management

Nursing & Staff Scheduling Solutions

Leave and Absence Management

Quality Patient Care

Hospital Capacity Management Solutions Market, Mode of Delivery Outlook (Revenue - USD Million, 2019 - 2032)

On-Premise

Cloud-Based

Hospital Capacity Management Solutions Market, Component Outlook (Revenue - USD Million, 2019- 2032)

Software

Services

Hospital Capacity Management Solutions Market, End-Use Outlook (Revenue - USD Million, 2019- 2032)

Hospitals

Private Hospitals

State Owned Hospitals

Community Hospitals

Ambulatory Surgical Centers

Others

Hospital Capacity Management Solutions Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa