Global Hospital Capacity Management Solutions Market is valued approximately USD 2.73 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 17.1 % over the forecast period 2021-2027. Capacity management is defined as an organizational response to experienced demand. In healthcare, CM involves decisions related to the allocation of key resources such as facilities, equipment, and workforce. The increasing investments in urgent care, increasing geriatric population and need for better capacity management in hospitals has led the adoption of Hospital Capacity Management Solutions across the forecast period. Increasing population required adequate number of services to provide which required prudent capacity management for healthcare. For Instance: as per the Journal of Urgent Care Medicine in 2017, Hospital Corporation of America has announced plan for the expansion of Hospital Capacity Management Solutions in an effort to build patient access points in its 14 major markets. Also, the Corporation use a portion of its effort $2.9 billion capital budget in 2017 to increase urgent care locations from 72 to 120 by the year-end. However, high cost of deployment impedes the growth of the market over the forecast period of 2021-2027. Also, with the increasing emerging economies, the adoption & demand for Hospital Capacity Management Solutions is likely to increase the market growth during the forecast period.
The regional analysis of global Hospital Capacity Management Solutions market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the growing geriatric population and promptness & affordability of urgent care services coupled with the well-established healthcare infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate CAGR over the forecast period 2021-2027. Factors such as rising disposable income, rising incidences of injuries and improving healthcare infrastructure would create lucrative growth prospects for the Hospital Capacity Management Solutions market across Asia-Pacific region.
Major market player included in this report are:
Stanley black & decker, inc. (stanley healthcare)
Teletracking technologies, inc.
Allscripts healthcare solutions, inc.
Epic systems corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product type:
Asset management solutions
Patient flow management solutions
Workforce management solutions
Quality patient care solutions
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Hospital Capacity Management Solutions Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers