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Hospital Capacity Management Systems Market See Booming Growth 2023-2030 with Boosted Revenue, Business Experts, Market Value Analysis, Size, Share, Growth | Care Logistics, LLC, McKesson Corporation, Central Logic, STANLEY Healthcare

11-30-2023 01:46 PM CET | Health & Medicine

Press release from: Coherent Market Insights

Hospital Capacity Management Systems Market

Hospital Capacity Management Systems Market

The Hospital Capacity Management Systems Market is estimated to be valued at US$ 1,256.5 million in 2023 and is expected to exhibit a CAGR of 5.4% during the forecast period (2023-2030).
Market Overview:

Hospital capacity management systems help manage bed occupancy, patient admissions and transfers, waiting lists, elective lists, theater schedules and outpatient appointments in hospitals. These systems help optimize resource utilization in hospitals.

Market Dynamics:

The hospital capacity management systems market is witnessing high growth owing to rising need among hospitals to optimize resource utilization and manage patient influx more efficiently. Additionally, increasing focus on improving patient experience and reducing overcrowding is also driving the demand for these systems. Technology advancements in big data analytics and cloud computing have aided the development of more advanced predictive capacity management tools. Key players are focusing on offering AI-powered solutions that can analyze historical capacity patterns and predict demand surges. growing chronic disease burden in aging populations worldwide has also increased pressure on existing healthcare infrastructure and raised the importance of hospital capacity planning tools.

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Increasing demand for streamlined operations as a driver of the Hospital Capacity Management Systems Market

The modern healthcare landscape necessitates streamlined operations across hospital departments to improve efficiency and reduce costs. However, manual coordination often leads to issues like under- or over-utilization of beds, delayed discharges, cancelled surgeries and long waiting times. Hospital capacity management systems help address these problems by centralizing real-time data on bed availability, patient flows, resource allocation and more. This enables automatic matching of patient needs with open capacity to maintain steady workflows. It also facilitates visibility across departments for coordinators to optimize resources. As healthcare costs continue rising amid growing demand, hospitals are under pressure to deliver quality care efficiently. Adopting digital solutions for capacity management can help strike the right balance, thereby driving increased adoption of these systems.

Rising focus on data-driven decision making as a driver of the Hospital Capacity Management Systems Market

Data analytics is increasingly influential in healthcare as ongoing digitalization generates vast troves of patient and operational data. Capacity management systems capture real-time utilization metrics, occupancy rates, wait times and other operational KPIs. This empower hospitals to glean insights from patterns and trends. For instance, analysis can reveal capacity bottlenecks, high-volume days or underserved patient segments. Administrators can then make evidence-based strategic, tactical and predictive decisions to streamline processes and allocation. Advanced AI and machine learning capabilities in new systems also automate certain decisions. This drives better resource planning, demand forecasting and utilization of existing bed capacity. As data assumes greater importance in healthcare management and policymaking, demand will rise for systems that facilitate insights-driven operations. Their ability to modernize decision making through digital tools further propels the market.

Staffing shortages as a restraining factor for the Hospital Capacity Management Systems Market

Healthcare contines facing shortages of skilled clinical and non-clinical staff globally. This is a result of aging workforce demographics, lack of incentives and educators failing to churn out enough graduates. Understaffed hospitals struggle to keep pace with patient volumes and fully leverage digital investments. Manual or paper-based workflows persist due lack personnel for operating advanced systems. Limited human capital also restricts proper training, support and maintenance activities. This negatively impacts user adoption and value realization from capacity management platforms. It causes delay or abandonment of projects midway. Vendors face challenges customizing solutions as client needs fluctuate due resource crunches. The situation worsens due to COVID-19 augmenting workloads while infecting frontline heroes. Alleviating shortfalls requires coordinated efforts like immigration reforms, scholarships and improved wages-benefits. Until then, constrained staffing remains a hindrance for market growth.

Increasing shift to value-based care as an opportunity for the Hospital Capacity Management Systems Market

A fundamental industry shift is ongoing from volume-driven fee-for-service models toward value-based care focused on quality outcomes rather patient encounters. Under new payment constructs like bundled payments, providers assume financial accountability for entire episodes of care. This incentivizes streamlined, cost-optimized operations to boost margins and compete on non-price factors. Digital capacity tools play a vital role by facilitating real-time decision making, resource allocation optimized for episodes, predictive modeling and more. Their analytics functions also support tracking outcomes, costs and other metrics required by insurers, care coordinators and accountable care organizations (ACOs). As healthcare financing continues aligning incentives with value over volume, capacity management platforms can help hospitals participate successfully. This transition therefore opens significant growth opportunities for this market.

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Growing popularity of cloud-based delivery as a trend in the Hospital Capacity Management Systems Market

Previously, most capacity management platforms required on-premise installations calling for large upfront investments and complex maintenance. However, the modern industry prefers scalable, flexible cloud-based solutions which eliminate heavy infrastructure costs and contractual obligations. Cloud delivery simplifies scaling and upgrades with demand fluctuations while ensuring round-the-clock accessibility from any location. The pay-as-you-go pricing and hardware independence also appeal to capacity-constrained budgets. Major vendors now offer software-as-a-service versions of their solutions leveraging leading hypervisors. New functionality like machine learning predictions have also entered the cloud domain. Amid digital transformation across industries, healthcare providers are increasingly adopting cloud technologies.

Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, a detailed analysis of the competitive landscape, and product services of key players. Analysis of Hospital Capacity Management Systems companies, key tactics followed by Leading Key Players:

◘ Awarepoint Corporation (CenTrak)
◘ Allscripts Healthcare Solutions Inc.
◘ Care Logistics LLC
◘ McKesson Corporation
◘ Central Logic
◘ STANLEY Healthcare
◘ Sonitor Technologies Inc.
◘ TeleTracking Technologies Inc.
◘ Cerner Corporation
◘ Epic Systems Corporation.

Note: Major Players are sorted in no particular order.

The Study Objectives are:

A comprehensive insight into key players operating in the Hospital Capacity Management Systems Market and their corresponding data.
It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
Regional analysis, which includes insight into the dominant market and corresponding market share.
It also includes various socio-economic factors affecting the evolution of the market in the region.
The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Contents:

Market scenario 2023

Chapter 1: Introduction, Market Driving Force Product Objective of Study and Research Scope the Hospital Capacity Management Systems market
Chapter 2: Exclusive Summary - the basic information of the Hospital Capacity Management Systems Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges & Opportunities of the Hospital Capacity Management Systems
Chapter 4: Presenting the Hospital Capacity Management Systems Market Factor Analysis, Supply/Value Chain, PESTEL analysis, Market Entry, and Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User, and Region/Country 2023 - 2030
Chapter 6: Evaluating the leading manufacturers of the Hospital Capacity Management Systems market which consists of its Competitive Landscape, Peer Group Analysis, Market positioning & Company Profile
Chapter 7: To evaluate the market by segments, by countries, and by Manufacturers/Companies with revenue share and sales by key countries in these various regions (2023-2030)
Chapters 8 & 9: Displaying the Appendix, Methodology, and Data Source

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Key Questions Answered:

What is the market size and CAGR of the Hospital Capacity Management Systems Market during the forecast period?
How is the growing demand impacting the growth of Hospital Capacity Management Systems Market shares?
What is the growing demand of the Market during the forecast period?
Who are the leading vendors in the market and what are their market shares?
What is the impact of the COVID-19 pandemic on the APAC Hospital Capacity Management Systems Market?

Contact Us

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About Coherent Market Insights

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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