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Key Trend Reshaping the Nursing Resource Allocation Market in 2025: Innovative Nurse And Staff Workforce Management Solution to Enhance Scheduling and Staff Utilization
Nursing Resource Allocation
The growth of the nursing resource allocation market is anticipated to be spurred by the surge in patient admissions. The formal induction of a patient into a treatment or observation program in a healthcare institution or hospital is known as patient admission. The rise in patient admissions can be accounted for by various factors, such as an aging population, advancements in medical technology, elevated patient expectations, and increased availability of healthcare services. By matching staff with patient needs and severity, efficient nursing resource allocation enhances patient care outcomes and minimizes complications. This not only smooths workflows but also reduces burnout, contributing to superior care and reduced staff turnover. For example, the National Health Service (NHS), a UK government department, reported in December 2023 that there were 408,700 hospital admissions in 2022-2023. This was a 5% increase from the 389,800 hospital admissions in 2021-2022 in England. Therefore, the growth of the nursing resource allocation market is expected to be influenced by the rising patient admissions.
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What is the projected compound annual growth rate (CAGR) of the nursing resource allocation market from 2025 to 2034, and what factors influence it?
The market size for nursing resource allocation has significantly expanded in the past few years. The market size is projected to increase from $1.95 billion in 2024 to $2.16 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.7%. The historical growth can be credited to factors such as an increase in high-risk patients, the surge in chronic disease prevalence, substantial growth of the elderly population, a spike in electronic health records (EHR), and rising nurse-to-patient ratios.
The market size of nursing resource allocation is projected to experience substantial expansion in the succeeding years, expected to reach $3.21 billion by 2029 with a compound annual growth rate (CAGR) of 10.3%. This growth in the future years is ascribed to major expansion in healthcare policy reforms, a surge in community health need evaluations, a rise in the application of evidence-based practices, significant expansion in nursing leadership programs, and escalating patient education demands. Key trends observed in the forecasted period encompass an elevated application of artificial intelligence, the burgeoning growth of telehealth provisions, a heightened emphasis on patient-centric care, the amalgamation of data analytics, and innovations in electronic health records.
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How are the latest trends influencing the growth of the nursing resource allocation market?
Major companies in the nursing resource allocation market are working on nurse and staff workforce management solutions in an effort to refine scheduling and enhance staff utilization. These solutions pertain to systems and tools that are specifically designed for the efficient scheduling, allocation, and administration of healthcare and nursing staff. QGenda LLC, a software development company based in the US, for example, unveiled its QGenda nurse and staff workforce management in December 2022, a solution created with a mobile-first approach and is specifically tailored to meet the unique needs of healthcare organizations when it comes to managing their nursing workforce. It enables the creation and governance of customizable schedules according to the needs of nurses and staff, thereby ensuring suitable coverage in line with patient care essentials. Furthermore, this solution gives nurses the flexibility to self-schedule and revise their preferences, resulting in increased engagement and satisfaction by allowing a greater degree of control over their work hours.
What are the major segments of the nursing resource allocation market and their role in driving growth?
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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Which regions are key players in the growth of the nursing resource allocation market?
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.
Who are the key firms paving the way for growth in the nursing resource allocation market?
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.
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What Is Covered In The Nursing Resource Allocation Global Market Report?
•Market Size Forecast: Examine the nursing resource allocation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the nursing resource allocation market for a structured understanding.
•Key Players Overview: Analyze major players in the nursing resource allocation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the nursing resource allocation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the nursing resource allocation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the nursing resource allocation market.
•Industry Challenges: Identify potential risks and obstacles affecting the nursing resource allocation market.
•Competitive Landscape: Review strategic developments in the nursing resource allocation market, including expansions, agreements, and new product launches.
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