Future Market Insights (FMI), in its latest report titled, “Hospital Capacity Management Solutions Market: Global Industry Analysis and Opportunity Assessment, 2015-2025”, has projected the global hospital capacity management solutions market revenue to expand at a CAGR of 5.0% during the forecast period (2015-2025).
Hospital capacity management solutions (HCMS) enable better and timely care of patients and consequently reduces length of patient stay in hospital. Hospital capacity management solutions track clinical data of patients, alerts doctor, nurse or caregiver nearest to patient in need, in order to ensure timely care so that patients can be discharged earlier. Hospital capacity management solutions analyze and predict bed occupancy at the emergency department (ED) of hospitals, thereby reduce wait time by 35-50%.
Global hospital capacity management solutions market has been estimated to account for US$ 800.0 Mn by 2015 end, mainly owing to rising patient pool resulting in rising demand for hospital capacity management solutions.
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The report offers global hospital capacity management solutions market analysis in terms of market value (US$ Mn) by application, product type, region and delivery mode, and provides information regarding market trends, regulatory affairs, competitive landscape, market estimations and forecast. Usage of hospital capacity management solutions among big hospitals has increased significantly due to technological advancements and benefits these solutions offer in managing large patient pool. Real-time locating system is widely preferred by big hospitals. Increasing patient pool globally is a major factor expected to boost overall demand for hospital capacity management solutions over the forecast period.
North America market has been estimated to contribute maximum revenue to the global hospital capacity management solutions market by 2015, and this is expected to increase by 1.6x over the forecast period. In addition, hospital capacity management solutions providers are expected to launch various new and innovative solutions as per demand of hospitals over the forecast period. Western Europe is the next most promising market for hospital capacity management solutions providers. The market value in this region is expected to register a CAGR of 5.5% during the forecast period. High cost of some HCMS, along with late delivery of results and variability in bed demand are factors expected to restrain market growth in the future.
On the basis of product type, the market is segmented into workflow management solution, asset management solution, bed management solution, quality patient care solution, real time locating system and event driven solution. Among product types, real-time locating system segment is expected to contribute maximum value to the global hospital capacity management solutions market, followed by workflow management solution and bed management solution segments. Increasing incidence of accidents, disease and surgeries is expected to generate more number of patients, which in turn is expected to boost overall demand for hospital capacity management solutions.
On the basis of application, hospital capacity management solutions market is segmented into standalone solutions and integrated solutions. Integrated solutions segment has been estimated to dominate the overall hospital capacity management solutions market by 2015 end, and is expected to register a healthy growth rate over the forecast period. Increasing adoption of hospital capacity management solutions among hospitals for multi–module purpose is fuelling growth of the integrated solutions segment.
On the basis of delivery mode, global hospital capacity management solutions market has been segmented into on-premise solutions and cloud-based solutions. Cloud-based segment is expected to register fastest CAGR in terms of revenue over the forecast period. Cloud-based segment currently accounts for maximum revenue share of the global hospital capacity management solutions market.
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Key market participants included in the report are Awarepoint Corporation, Allscripts Healthcare Solutions, Inc., Care Logistics, LLC, McKesson Corporation, Central Logic, STANLEY Healthcare, Sonitor Technologies, Inc., TeleTracking Technologies, Inc., Cerner Corporation and Epic Systems Corporation.
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