Hospital Capacity Management Systems Market Opportunity Analysis - 2027

SEATTLE - June 14, 2021 - PRLog -- 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.

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.

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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.

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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