The bed management solution is
the core operational activity especially in hospitals and healthcare centers.
It involves constant monitoring hospital admissions, discharge of patients as
well as the patient movement within the hospitals to gather and analyze bed availability
across the hospital.
Europe
Hospital Capacity Management Solutions Market is estimated to account for
US$ 276.6 Mn in terms of value in 2019 and is expected to reach US$ 435.7 Mn by
the end of 2027.
Europe Hospital Capacity Management
Solutions Market: Drivers
Increasing prevalence of chronic
diseases is expected to lead to high number of hospitalization, thereby aiding
growth of Europe hospital capacity management solutions market. For instance,
according to the International Diabetes Federation, 59,322,100 suffered from
diabetes in Europe in 2019, and the number is expected to reach 68,121,400 in
2045.
Europe Hospital Capacity
Management Solutions Market: Opportunities
Use of predictive analytics to
better predict availability of beds is expected to offer lucrative growth
opportunities for players in the market. Predictive analytics improves
operational efficiency and effectiveness and improves the bottom line for
hospitals.
Europe Hospital Capacity Management
Solutions Market: Restraints
High cost of installation and
equipment and dearth of skilled healthcare professionals in developing and
under developed countries are some of the factors that are expected to hinder
growth of Europe hospital capacity management solutions market.
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Key Takeaways:
Real Time Locating System segment
in Europe hospital capacity management solutions market was valued at US$ 96.2
Mn in 2018 and is expected to reach US$ 171.3 Mn by 2027 at a CAGR of 5.6%
during the forecast period. Real tine locating systems provide allows tracking
of people or things in real time. In case of effective hospital management,
real time locating systems can help in assuring safety of the healthcare
facility, satisfaction of staff, and quality of the care provided to patients,
and in turn increasing bottom line which is expected to support growth of the
segment over the forecast period.
The bed management solution
segment accounted for US$ 50.1 Mn in 2018, and is expected to reach US$ 81.2 Mn
by 2027. Bed management solution helps in better management of bed allocation,
and can effectively help in serving patients. Moreover, bed management
softwares can help in providing all the details of a patient from admission
till discharge.
U.K. held dominant position in
Europe hospital capacity management solutions market in 2018, accounting for
20.9% share in terms of value, followed by Germany, and France respectively.
Increasing prevalence of diseases
and subsequent hospitalizations is expected to support growth of the U.K.
hospital capacity management solutions market over the forecast period. As
patient flow increases, hospitals would require better solutions to optimize
resources, and improve medical care which is expected to spur hospitals to
employ hospital capacity management solutions. For instance, according to
National Health Service (NHS), 2019, approximately 17.1 Mn finished admission
episodes were recorded in 2018 – 2019 in UK.
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Market Trends
Major players in the market are
focused on expanding their services. For instance, in June 2018, CenTrak announced
the transfer of select assets of Awarepoint to its subsidiary Clinical Patents
LLC (CPLLC) in order to expand CenTrak’s market-leading IoT Location and
Sensing services with the addition of Bluetooth Low Energy (BLE) sensor
technology.
Major players in the market are
also focused on launching new products to expand their product portfolio. For
instance, in August 2018, Care Logistics announced a new suite of services
available to hospitals and health systems that enable those hospitals to make
improvements in patient flow and operations.
Europe Hospital Capacity
Management Solutions Market: Competitive Landscape
Major players operating in Europe
hospital capacity management solutions market include, Awarepoint Corporation,
Allscripts Healthcare Solutions, Inc., Cerner Corporation, McKesson
Corporation, Epic Systems Corp., TeleTracking Technologies, Inc., Central Logic,
Inc., Sonitor Technologies, Inc., and STANLEY Healthcare Solutions Limited.
Europe Hospital Capacity
Management Solutions Market: Key Developments
January 2020: Cerner Corporation
announced to present at the 38th Annual J.P. Morgan Healthcare Conference in
San Francisco
July 2019: B. Braun Medical Inc.
announced the integration of its Space Infusion Pump Systems with TeleTracking
Technologies, Inc.’s RTLS Asset Tracking solution
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