Global Hospital Capacity Management Solutions Market is anticipated to witness a CAGR of 18% by 2026 - Introduction of IoT-Enabled Devices & the Need to Reduce Growing Healthcare Costs

Hospital capacity management includes software and services provided by the leading market players which empower hospital executives, administrators and clinical staff with real-time hospital capacity planning and asset tracking.

An increasing cases of diseases, corresponding growth in patient volumes, the need for reliable capacity management solutions in hospitals, growing adoption fueled by the benefits offered by the capacity management solutions and technologically advanced capacity management solutions, Covid-19 after effect, and an urgent need to reduce the rising healthcare costs are some of the primary factors driving the growth of the hospital capacity management solutions market. However, concerns related to data security and privacy is likely to affect the growth of the global market.

Covid-19 Pandemic Fuels a Significant Rise in Demand for Hospital Capacity Management Solutions Market

The Covid-19 pandemic has severely impacted all the health services globally and demanded rapid and quick changes for patient care. Taking care of Covid-19 affected patients alongside patients suffering from other medical conditions was a huge challenge. The global medical community faced an unparalleled strain on its hospital facilities and its resources in the wake of overcrowded hospitals, lack of oxygen cylinders, shortage of hospital beds, difficulty in maintaining required staffing and supporting staff, long waits for test results, shortage of critical medical supplies, materials, and logistic support and an expanding black market for pharmaceutical drugs. This situation had led to an increase in costs for hospitals, reduced revenues and posed as a significant threat to their financial viability. To address these major concerns, hospitals embraced efficient hospital capacity management solutions which helped hospitals to better monitor the patients and make proper utilization of its resources available to generate more revenue for the hospitals.

IoT-based Capacity Management Solutions Opens Up Ample Growth Opportunities in Healthcare Capacity Management Solutions Market

For making decisions on long-term hospital planning, facility performance and patient care, hospitals are becoming over reliant on data related to equipment assets, bed availability, workflows, patient/staff interactions, and health and safety compliances. Emergence of technological advanced IoT-enabled devices and real-time location systems (RTLS) has automated data collection on medical equipment location, utilization and staff and patient interactions within all healthcare environments. This has helped facilities enhance compliance reporting, staff safety and shortage, workflow, hand hygiene and patient throughput by gathering meaningful hospital data.

Multiple Benefits of Hospital Capacity Management Solutions Fuels It's Global Demand

Due to consistent advancements in medical technology and interoperability, hospital capacity management software offers many benefits which is driving its global adoption and they are as follows:-
• The software automates patient room and staff assignments, which reduces the long waiting time and overcrowding in hospitals.
• The software increases bed turnover capabilities by communicating bed status automatically, thus allowing another patient to be treated quickly.
• It decreases the long waiting times and time spent in the hospital which reduces the risk of patients acquiring hospital infections.
• It helps in accurate resource allotment by integrating real-time patient flows with business analytics.

Competitive Landscape Analysis: Hospital Capacity Management Solutions Market

The hospital capacity management solutions market is marked by the presence of established market players such as Cerner, McKesson, HealthStream, Stanley Healthcare, Infosys, Teletracking Technologies, WellSky, Simul8 Corporation, among others.

Get Detailed Insights on Hospital Capacity Management Solutions Market with a Sample Report @ https://meditechinsights.com/hospital-capacity-management-solutions-market/

Ruta Halde
Associate, Medi-Tech Insights
+32 498 86 80 79
info@meditechinsights.com
https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip investors & hyper-growth start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services.

This release was published on openPR.