Hospital Capacity Management Solutions Market is likely to grow at a healthy CAGR of 18% by 2026

1
Hospital Capacity Management Solutions Market is
Expected to Gain Popularity Across the Globe by
2026
2
Hospital capacity management includes software
and services provided by players that empower
hospital executives, administrators and clinical
staff with real-time hospital capacity planning
and asset tracking. The Global Hospital Capacity
Management Solutions Market is set to witness a
healthy growth rate of 18 in the next 5 years.
Some of the main factors propelling the global
hospital capacity management solutions market
include the rising burden of diseases, a
corresponding rise in patient volumes, the need
for better capacity management in hospitals,
increasing adoption fuelled by benefits offered
by hospital capacity management solutions, the
introduction of IoT-enabled devices and
technologically advanced hospital capacity
management solutions, Covid-19, and need to
reduce escalating healthcare costs. However,
concerns related to data security and privacy is
likely to hamper the growth of the hospital
capacity management solutions market. Covid-19
Triggers Increase in Demand for Hospital Capacity
Management Solutions Market Globally, the
Covid-19 pandemic had an adverse impact on health
services and requires major and quick changes in
patient care. A major capacity planning challenge
was caring for patients with Covid-19 alongside
patients with other conditions. The global
medical community faced an unparalleled strain on
its facilities and its resources in the wake of
overcrowded hospitals, lack of oxygen cylinders,
dearth of hospital beds, difficulty maintaining
adequate staffing and supporting staff, extended
waits for test results, shortages of critical
supplies, materials, and logistic support and an
expanding black market for drugs. The situation
lead to increase in costs for hospitals,
decreased revenues and posed as a threat to their
financial viability. To address these concerns,
hospitals involved hospital capacity management
solutions that assisted hospitals to better
monitor patient services and make optimum use of
its resources to generate more revenue.
3

• IoT-based Healthcare Capacity Management
  Solutions Opens New Growth Prospects
• Hospitals are increasingly relying on data about
  equipment assets, bed availability, workflows,
  patient/staff interactions, and safety compliance
  for making decisions about long-term planning,
  facility performance, and patient care
  satisfaction. Emergence of various IoT-enabled
  devices and real-time location systems (RTLS) has
  automated data collection on medical equipment
  location, usage and staff and patient
  interactions within all healthcare environments.
  This has helped facilities enhance compliance
  reporting, staff safety and shortage, workflow,
  hand hygiene and patient throughput by gathering
  meaningful data.
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  Management Solutions Market _at_ https//meditechinsi
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  rket/
• Hospital Capacity Management Solutions Benefits
  Fuels the Hospital Capacity Management Solutions
  Market Demand
• Hospital capacity management software provides a
  number of advantages due to technological and
  interoperability developments, which is boosting
  its adoption.
• The software automates patient room and staff
  assignments, which in turn reduces waiting time
  and crowding in the hospital
• The software increases bed turnover capabilities
  by communicating bed status automatically,
  allowing another patient to be treated quickly
• It decreases waiting times and time spent in the
  hospital which in turn lowers the risk of patient
  developing hospital acquired infection
• It helps in appropriate resource allotment by
  integrating real-time patient flows with business
  analytics

4

• Hospital capacity management solutions follows a
  proactive approach for accurate demand
  forecasting. Bed management solutions, asset
  management solutions and patient care solutions
  allow hospitals to monitor patient services,
  makes optimum utilization of its resources and
  promotes better hospital risk management. -
  Director, Leading Hospital Capacity Management
  Software Provider, United States
• Organic and Inorganic Growth Strategies Adopted
  by Players to Establish Their Foothold in
  Hospital Capacity Management Solutions Market
• The hospital capacity management solutions market
  is noticeable by the presence of both established
  and new players. Players operating in the market
  adopt both organic and inorganic growth
  strategies such as new product launches, and
  partnerships to garner market share.
• For instance,
• In October 2021, GE Healthcare partnered with
  Apprise Health Insights to launch nation's first
  automated statewide hospital bed management
  solution in Oregon. Oregon is the first state in
  the U.S. to launch a new statewide command center
  software solution for hospital capacity and
  critical resource management developed by GE
  Healthcare
• The hospital capacity management solutions market
  is a booming market that is anticipated to gain
  further momentum in the coming years due to
  growing prominence of digitalization, automation
  tools and data-driven solutions that utilize
  predictive analytics, AI, and ML.

5
Competitive Landscape Analysis of Hospital
Capacity Management Solutions Market The hospital
capacity management solutions market is marked by
the presence of players such as Cerner, McKesson,
HealthStream, Stanley Healthcare, Infosys,
Teletracking Technologies, WellSky, Simul8
Corporation, among others. For More Detailed
Insights, Contact Us _at_ https//meditechinsights.co
m/contact-us/ About Medi-Tech Insights Medi-Tech
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projects in Digital Health, Healthcare IT,
Medical Technology, Medical Devices Pharma
Services. Contact Ruta Halde Associate,
Medi-Tech Insights 32 498 86 80
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