PUBLISHER: The Business Research Company | PRODUCT CODE: 1659140
PUBLISHER: The Business Research Company | PRODUCT CODE: 1659140
Hospital capacity management solutions aim to optimize bed availability in hospitals, ensuring effective patient assessment and treatment. These solutions offer real-time hospital capacity planning and asset tracking, ultimately enhancing efficiency and reducing expenses.
The main products within hospital capacity management solutions include asset management, patient flow management solutions, workforce management, and quality patient care. Asset management provides hospital executives and staff with real-time tracking and planning of hospital capacity and assets. It involves systematic and cost-effective planning, acquisition, maintenance, operation, and disposal of machinery, equipment, and physical assets within a healthcare organization. Hospital capacity management solutions consist of software and services, and they can be delivered through on-premise installations or cloud-based systems. These solutions find applications in standalone implementations as well as integrated solutions, catering to the needs of hospitals and ambulatory surgical centers.
The hospital capacity management solutions market research report is one of a series of new reports from The Business Research Company that provides hospital capacity management solutions market statistics, including hospital capacity management solutions industry global market size, regional shares, competitors with a hospital capacity management solutions market share, detailed hospital capacity management solutions market segments, market trends and opportunities, and any further data you may need to thrive in the hospital capacity management solutions industry. This hospital capacity management solutions market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hospital capacity management solutions market size has grown rapidly in recent years. It will grow from $3.95 billion in 2024 to $4.55 billion in 2025 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to patient safety and quality care, improving healthcare infrastructure, real-time monitoring, financial pressures, focus on patient flow.
The hospital capacity management solutions market size is expected to see rapid growth in the next few years. It will grow to $8.84 billion in 2029 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to digital transformation in healthcare, global health challenges, real-time monitoring and analytics, interoperability and integration. Major trends in the forecast period include remote monitoring and telehealth, data-driven decision making, predictive modeling and forecasting, collaborative care models.
Government initiatives aimed at enhancing patient satisfaction and improving the quality of care have driven the growth of the hospital capacity management solutions market. These initiatives are encouraging increased investment in hospital capacity management solutions, which are essential for streamlining healthcare processes. For example, in May 2023, the Government of India and the World Bank, a US-based international financial institution, finalized two complementary loans of $500 million each to support the development of India's health sector. This combined financing of $1 billion will bolster the Pradhan Mantri-Ayushman Bharat Health Infrastructure Mission (PM-ABHIM), which focuses on enhancing public healthcare infrastructure nationwide. Consequently, such initiatives are expected to contribute significantly to the growth of the hospital capacity management solutions market.
The increasing prevalence of chronic diseases is anticipated to drive demand for hospital capacity management solutions in the future. Chronic diseases are long-term health conditions that typically progress slowly and last for extended periods. Patients with these conditions often require repeated hospitalizations for treatments, monitoring, or exacerbations, leading to fluctuations in patient admissions. This necessitates effective management and optimization of bed capacity in hospitals. For example, in September 2023, the World Health Organization, a specialized agency of the United Nations based in Switzerland, reported that chronic diseases accounted for 41 million deaths globally, representing 74% of all deaths caused by non-communicable diseases (NCDs). Thus, the rising prevalence of chronic diseases is a significant driver of growth in the hospital capacity management solutions market.
Technological advancements are a significant trend gaining traction in the connected hospital capacity management solutions market. Leading companies in this sector are enhancing patient flow management through innovations in artificial intelligence (AI). This technology empowers hospital leaders to make quick, informed decisions, thereby improving overall operational efficiency. For example, in June 2023, LeanTaaS, a U.S.-based company that focuses on software utilizing lean principles, predictive analytics, and machine learning to optimize hospital operations, introduced iQueue Autopilot. This groundbreaking solution is the first generative AI tool specifically developed for hospital management. iQueue Autopilot is designed to assist hospital leaders in their decision-making by offering insights into patient flow, scheduling, and staffing through conversational interactions. By utilizing predictive and prescriptive analytics, it effectively tackles common challenges such as staffing shortages and inefficient workflows. With this launch, LeanTaaS significantly enhances its ability to optimize healthcare operations, ultimately improving patient access and staff satisfaction across various healthcare systems.
Major companies in the hospital capacity management solutions market are actively forming strategic partnerships to fortify their positions. A strategic partnership involves formal alliances between entities to achieve common goals, often with a long-term perspective. In April 2023, LeanTaaS and Siemens Healthineers announced a strategic partnership, leveraging LeanTaaS' AI and ML predictive and prescriptive analytics solutions, combined with Siemens Healthineers' enterprise-wide management expertise. This collaboration aims to empower large hospitals and health systems within the Siemens Healthineers network, enhancing outcomes such as improved patient access, physician and staffing satisfaction, and financial performance. Strategic partnerships are instrumental in driving innovation and fostering comprehensive solutions in the hospital capacity management solutions market.
In January 2023, LeanTaaS, a U.S.-based company specializing in software that leverages lean principles, predictive analytics, and machine learning to enhance hospital operations, acquired Hospital IQ for an undisclosed amount. This acquisition is intended to improve hospital operations by employing AI-powered solutions to address capacity management and staffing shortages across more than 180 healthcare systems in the United States. Hospital IQ is also a U.S.-based company that offers hospital capacity management solutions.
Major companies operating in the hospital capacity management solutions market are GE HealthCare Technologies Inc., Infosys Limited, TeleTracking Technologies Inc., McKesson Corporation, Alcidion Corp., Koninklijke Philips N.V., Epic Systems Corporation, NextGen Healthcare Inc., Stanley Black & Decker Inc., Care Logistic Inc., INFINITT Healthcare Co. Ltd., WellSky Corporation, Simul8 Corporation, Change Healthcare, HealthStream Inc., Allscripts Healthcare Solutions Inc., JVS Technologies Pvt Ltd., Cerner Corporation, Medworxx Solutions Inc., Optum Inc., Premier Inc., Nihon Kohden Corporation, Masimo Corporation, Baxter International Inc., Siemens Healthineers AG, Stryker Corporation, Terumo Corporation, Capsule Technologies Inc., ZOLL Medical Corporation, Vocera Communications Inc.
North America was the largest region in the hospital capacity management solutions market in 2024. The regions covered in the hospital capacity management solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hospital capacity management solutions market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The hospital capacity management solutions market consists of revenues earned by entities by providing services such as fixed asset management, infrastructure asset management, and facilitated treatment services. The market value includes the value of related goods sold by the service provider or included within the service offering. The hospital capacity management solutions market also includes sales of patient management solutions. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Hospital Capacity Management Solutions Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on hospital capacity management solutions market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for hospital capacity management solutions ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hospital capacity management solutions market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.