Surge In Patient Admissions To Drive Growth In The Nursing Resource Allocation Market Share: A Key Factor Shaping the Future of the Nursing Resource Allocation Market Share in 2025

What Are the Projections for the Size and Growth Rate of the Nursing Resource Allocation Market?
The size of the nursing resource allocation market has been expanding swiftly in the past few years. There is expected to be a rise from $1.95 billion in 2024 to $2.16 billion in 2025, which signifies a compound annual growth rate (CAGR) of 10.7%. The previous development can be credited to an increase in patient severity, a growing prevalence of chronic diseases, significant expansion of the elderly population, a surge in electronic health records (EHR), and a rise in the nurse-to-patient ratios.

Expectations are high for the nursing resource allocation market, with predictions of quick expansion over the coming years. By 2029, the market size is projected to reach $3.21 billion, demonstrating a compound annual growth rate (CAGR) of 10.3%. The substantial growth expected within this period can be linked to a variety of factors such as critical healthcare policy amendments, rising assessments of community health needs, broader acceptance of evidence-based practices, a notable upswing in nursing leadership initiatives, and a surge in patient education requirements. Key trend forecasts for this period include the amplified use of artificial intelligence, the expansion of telehealth services, a renewed emphasis on patient-centric care, the incorporation of data analytics, and advances in electronic health record systems.

What Are the Main Catalysts for Growth in the Nursing Resource Allocation Market?
The nursing resource allocation market is anticipated to flourish owing to the rise in patient admissions. Accepting a patient officially into a healthcare institution for treatment or surveillance is defined as patient admission. The surge in patient admissions can be connected to numerous elements such as an ageing population, developments in medical machines, heightened patient hopes, and wider approachability to healthcare services. Effectual allotment of nursing resources maximizes patient treatment by aligning the nursing staff with the patient's needs and acuity, this boosts results and diminishes complications. It also makes the workflow more efficient and curtails burnout, leading to superior care and reduced staff attrition. For example, a report issued by the National Health Service (NHS), a division of the UK government, in December 2023, stated that hospital admissions in England in 2022-2023 were 408,700, marking a 5% rise from the 389,800 recorded in 2021-2022. Therefore, the increase in patient admissions will push the growth of the nursing resource allocation market.

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Which Businesses Are at the Forefront of Nursing Resource Allocation Market Development?
Major companies operating in the nursing resource allocation market are HealthTrust, Siemens Healthineers AG, AMN Healthcare Services Inc., UKG Inc., Infor Inc., Cross Country Healthcare, Maxim Healthcare Services, CHG Healthcare Services Inc., Ascom Holding AG, symplr, HealthStream Inc., WorkForce Software LLC, QGenda LLC, ShiftMed LLC, Petal Solutions Inc., OnShift Inc., Deputec Pty Ltd., Smartlinx LLC, Intrigma Inc., Connecteam Inc., ShiftCare, Shiftboard Inc., ShiftHound Inc., Polaris AI Inc.

Which Businesses Are at the Forefront of Albuminar-5 Market Development?
Larger firms in the nursing resource allocation market are evolving nurse and staff workforce management solutions to enhance scheduling and boost staff utilization. Nurse and staff workforce management solutions are systems and tools crafted to simplify the scheduling, allocation, and supervision of nurses and healthcare staff. As an example, QGenda LLC, an American software firm, introduced a mobile-first solution called QGenda nurse and staff workforce management in December 2022, catered to the distinct needs of healthcare organizations in handling their nursing workforce. This solution facilitates the formation and supervision of customizable schedules aligned with the needs of nurses and staff, ensuring adequate coverage driven by patient care needs. It gives nurses the ability to self-schedule and edit their preferences, fostering engagement and satisfaction by granting them increased control over their working hours.

How Is the Nursing Resource Allocation Market Segmented?
The nursing resource allocation market covered in this report is segmented -

1) By Product Type: Software, Services
2) By Deployment: On-Premise, Cloud-Based
3) By Application: Emergency Departments, Perioperative Services, Inpatient Care Management, Workflow Automation
4) By End-User: Hospitals, Clinics, Ambulatory Care Centers, Nursing Homes, Other End-Users

Subsegments:
1) By Software: Nurse Staffing Software, Workforce Management Software, Scheduling and Shift Management Software, Nurse Call System Software, Clinical Workflow Management Software, Patient Flow Management Software, AI-Based Resource Allocation Software
2) By Services: Consulting Services, Implementation Services, Training and Support Services, Managed Services, Data Analytics and Reporting Services

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Where Is the Nursing Resource Allocation Market Growth Most Prominent?
North America was the largest region in the nursing resource allocation market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the nursing resource allocation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Nursing Resource Allocation Global Market Report?

- Market Size Analysis: Analyze the nursing resource allocation Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the nursing resource allocation market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall nursing resource allocation market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the nursing resource allocation market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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