PUBLISHER: The Business Research Company | PRODUCT CODE: 1691884
PUBLISHER: The Business Research Company | PRODUCT CODE: 1691884
Hospital bed management systems (HBMS) are technological solutions and software designed to optimize the allocation, tracking, and efficient utilization of hospital beds within healthcare facilities. These systems play a crucial role in enhancing patient care, improving hospital operations, and maximizing bed availability.
The primary components of hospital bed management systems include services and software. Services encompass a diverse range of economic activities involving the provision of assistance, tasks, or expertise to fulfill specific needs or demands for individuals, businesses, or organizations. These services can be deployed through various modes, including on-premise and cloud-based solutions. Hospital bed management systems come in different types, such as acute care bed management systems, critical care bed management systems, long-term care bed management systems, among others. They find application across various end-users, including hospitals, ambulatory surgical centers, and others.
The hospital bed management systems market research report is one of a series of new reports from The Business Research Company that provides hospital bed management systems market statistics, including hospital bed management systems industry global market size, regional shares, competitors with hospital bed management systems market share, detailed hospital bed management systems market segments, market trends, and opportunities, and any further data you may need to thrive in the hospital bed management systems industry. This hospital bed management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hospital bed management systems market size has grown rapidly in recent years. It will grow from $2.17 billion in 2024 to $2.39 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to aerospace industry demand, automotive lightweighting initiatives, renewable energy infrastructure development, marine industry applications, sports and leisure equipment.
The hospital bed management systems market size is expected to see strong growth in the next few years. It will grow to $3.48 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to electric vehicle growth, expansion in wind energy sector, infrastructure rehabilitation projects, increased focus on sustainable construction, medical industry applications. Major trends in the forecast period include advancements in manufacturing technologies, innovations in material composition, expanding applications in renewable energy, market growth in construction and infrastructure, increased adoption in automotive manufacturing.
The increase in hospitalization rates is anticipated to drive the growth of the hospital bed management systems market. Hospitalization involves admitting patients to a hospital or healthcare facility for medical treatment, care, and monitoring. Hospital bed management systems play a crucial role in this process by ensuring the efficient and effective allocation of hospital beds and resources for patients in need of inpatient care. For instance, in November 2022, the HAI (Healthcare-Associated Infections) Progress Report released by the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, indicated a 12% rise in ventilator-associated events (VAE), including a 12% increase in intensive care units (ICUs) and a 16% increase in non-ICUs. Consequently, the growing rates of hospitalization are fueling the demand for hospital bed management systems.
The anticipated growth of the hospital bed management systems market is expected to be fueled by the rise in healthcare spending. Healthcare spending refers to the total financial resources allocated to the healthcare sector in a specific region, country, or organization. Increased investment in healthcare can facilitate the adoption of more advanced hospital bed management systems, leading to enhanced efficiency, improved patient care, and optimized resource utilization. For example, a report published by the Office for National Statistics, a UK-based government department, indicated that between 2022 and 2023, healthcare spending in the UK grew by 5.6%, compared to a growth of 0.9% in 2022. The UK's healthcare expenditure was approximately $317.63 billion (£292 billion) in 2023. Therefore, the rise in healthcare spending is a key factor driving the growth of the hospital bed management systems market.
Major companies in the hospital bed management systems market are increasingly focusing on forming strategic partnerships to create advanced solutions and secure a competitive advantage. A strategic partnership refers to a collaborative agreement between two or more organizations aimed at achieving shared goals that may be challenging or unattainable independently. For example, in August 2023, TeleTracking Technologies, a US-based firm specializing in healthcare operations platforms, introduced a comprehensive system that delivers real-time updates on bed availability and patient status. This electronic bed management system enhances patient flow and capacity management by automating bed turnover and patient placement processes, thereby reducing idle bed time and boosting efficiency. Predictive analytics further aid in forecasting future bed demand, enabling hospitals to allocate resources effectively. Improved communication across departments minimizes delays and bottlenecks, ensuring patients receive timely and appropriate care while enhancing their overall experience. Likewise, Maidstone and Tunbridge Wells NHS Trust adopted a new bed management system that significantly improved bed turnaround times and patient care. These technologies facilitate better communication between departments, decrease wait times, and optimize overall hospital operations.
In January 2023, LeanTaaS Inc., a US-based provider of AI-powered and SaaS-based capacity management and patient flow software, acquired Hospital IQ Inc. for an undisclosed amount. This acquisition positions LeanTaaS to enhance patient access, staff satisfaction, and revenue productivity by addressing challenges in multiple departments, including the infusion suite, operating room, and inpatient units, related to capacity management and staffing shortages. Hospital IQ Inc., a US-based software company, specializes in providing healthcare institutions with workforce and bed management systems to enhance hospital operational efficiency.
Major companies operating in the hospital bed management systems market report are McKesson Corporation, Oracle Corporation, SAP SE, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare Technologies Inc., Infor Inc., Epic Systems Corporation, Getinge AB, Oracle Cerner, Veradigm Inc., Kronos Incorporated, Omnicell Inc., athenahealth Inc., Medical Information Technology Inc., CentralSquare Technologies LLC, Mcleod Health Services Inc., Egton Medical Information Systems Limited, CareCloud Corporation, Lyngsoe Systems A/S, Advanced Data Systems Corporation, PatientKeeper Inc., Siemens Healthcare GmbH, Central Logic Inc., LeanTaaS Inc., Terawe Corporation, TeleTracking Technologies Inc., The Access Group
North America was the largest region in the hospital bed management systems market in 2024. The regions covered in the hospital bed management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hospital bed management systems (HBMS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The hospital bed management systems (HBMS) market consists of revenues earned by entities by providing real-time bed tracking, patient tracking, reduced waiting time, cost reduction, and improved coordination. The market value includes the value of related goods sold by the service provider or included within the service offering. The hospital bed management systems (HBMS) market also includes sales of beside terminals, automated bed systems, and location tracking devices. 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 Bed Management Systems 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 bed management systems 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 bed management systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hospital bed management systems 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.