Hospital capacity management
solutions (HCMS) are designed to help improve patient throughput and quality of
care by managing patient capacity, flow, and diversion rates.
Statistics:
The global Hospital
Capacity Management Solutions Market is estimated to account for US$
1,540.6 Mn in terms of value and XYZ Thousand Tons in terms of value by the end
of 2027.
Global Hospital Capacity
Management Solutions Market: Drivers
Need for reduced hospital stay is
expected to fuel demand for HCMS, thereby propelling growth of the global
hospital capacity management solutions market over the forecast period. HCMS
enable better and timely care for patients and consequently reduce the length
of a patient’s hospital stay. These solutions also track patient clinical data
and assign the nearest nurse, doctor or caregiver to the patients for timely
care, so that the patients can be discharged earlier.
Global Hospital Capacity
Management Solutions Market: Opportunities
Increasing healthcare expenditure
is expected to offer lucrative growth opportunities for market players. For
instance, according to the Centers for Medicare & Medicaid Services (CMS),
health spending in the U.S. is projected to grow at an average rate of 5.5
percent per year for 2018-27 and to reach nearly US$ 6.0 trillion by 2027.
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Global Hospital Capacity Management
Solutions Market: Restraints
However, 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 the global hospital capacity management solutions
market.
Key Takeaways:
The On Premise segment in the
global hospital capacity management solutions market was valued at US$ 367.1 Mn
in 2018 and is expected to reach US$ 584.2 Mn by 2027 at a CAGR of 5.2% during
the forecast period. The growth of the segment is attributed to increasing
technological advancements to improve patient throughput and quality of care
during the forecast period.
The Integrated Solutions segment
held dominant position in the global hospital capacity management solutions
market in 2018, accounting for 64.5% share in terms of value, followed by
standalone solutions respectively. The growth of the segment is attributed to
increasing prevalence of chronic diseases during the forecast period.
Market Trends
Major medical associations are
focused on opting for HCMS providers as their endorsed partners. For instance,
in July 2018, The Michigan Health & Hospital Association chose Care
Logistics to be one of only a select few endorsed partners to enhance quality,
patient satisfaction, operational efficiency and patient throughput of Michigan
hospitals and health systems.
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The market is also witnessing use
of indoor, ultrasound-based positioning technologies for real time location
services. The technologies are a combination of ultrasound technology Wi-Fi,
low frequency (RF) sensory technologies, and intelligent sensors.
Global Hospital Capacity
Management Solutions Market: Competitive Landscape
Major players operating in the
global hospital capacity management solutions market include, Awarepoint
Corporation (CenTrak), 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.
Global Hospital Capacity
Management Solutions Market: Key Developments
Key players in the market are
focused on adopting collaboration and partnership strategies to enhance their
market share. For instance, in July 2019, TeleTracking Technologies, Inc. collaborated
with B. Braun Medical Inc.under which B. Braun Medical Inc. announced the
integration of their Space Infusion Pump Systems with TeleTracking
Technologies, Inc.’s RTLS Asset Tracking solution.
In September 2019, Central Logic
partnered with Conduit Health Partners, a patient access company, to improve
care access and operational efficiency for health systems.
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