Emerging Trends to Reshape the Hospital Bed Management Systems Market: Strategic Partnerships Drive Innovation In Hospital Bed Management Systems Market as a Key Influencer

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Hospital Bed Management Systems Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size of hospital bed management systems has seen a significant expansion. Rising from $2.17 billion in 2024, it is expected to reach $2.39 billion in 2025, showcasing a compound annual growth rate (CAGR) of 10.2%. The previous growth can be credited to the surge in demand from the aerospace industry, initiatives for automotive lightweighting, development in renewable energy infrastructure, applications in the marine industry, and sports and leisure equipment.

Hospital Bed Management Systems Market Size Forecast: What's the Projected Valuation by 2029?
The market size for hospital bed management systems is forecasted to experience robust expansion in the upcoming years, escalating to $3.48 billion by 2029, showing a compound annual growth rate (CAGR) of 9.8%. Several factors contributing to this growth during the forecast period include the surge in electric vehicles, winds energy sector development, infrastructure rehabilitation initiatives, emphasis on sustainable construction, and applications within the medical industry. Key trends to watch during this period are advancements in production technologies, material composition innovations, widening applications in renewable energy, market expansion in construction and infrastructure, and increased uptake in the automotive manufacturing sector.

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What Are the Drivers Transforming the Hospital Bed Management Systems Market?
The hospital bed management systems market is anticipated to grow due to the surge in hospitalizations. The term "hospitalization" denotes the admission of a patient to a hospital or medical facility for proper care, treatment, and monitoring. Hospital bed management systems are key tools used during hospitalization to allocate hospital beds and resources efficiently and effectively to patients needing inpatient care. By way of example, the HAI (Healthcare-Associated Infections) Progress Report released by the Centers for Disease Control and Prevention (CDC), a US-based national public health agency in November 2022, reported an overall 12% rise in ventilator-associated events (VAE) factoring in a 12% jump in ICUs and a 16% increase in non-ICUs. Thus, the surge in hospitalizations is pushing the growth of the hospital bed management systems market. The hospital bed management systems market is also predicted to benefit from an upswing in healthcare expenditure. Healthcare expenditure is the total financial resources allocated for the healthcare sector by a specific region, country or organization. Enhanced healthcare spending can trigger the adoption of advanced versions of HBMS, leading to improved efficiency, better patient care, optimal utilization of resources, and impact on bed capacity. Higher spending can facilitate the adoption of HBMS, thus leading to judicious use of resources. An example of this is the report published by the Office for National Statistics, a UK-based government department, which stated that healthcare expenditure in the UK witnessed a 5.6% rise, compared to a growth rate of 0.9% in 2022, between 2022 and 2023. UK healthcare expenditure amounted to approximately $317.63 billion (£292 billion) in 2023. Therefore, the rise in health spending is propelling the growth of the hospital bed management systems market.

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What Long-Term Trends Will Define the Future of the Hospital Bed Management Systems Market?
The hospital bed management systems market is witnessing an increasing emphasis on strategic partnerships by leading firms to cultivate advanced solutions and secure a competitive edge. A strategic partnership, which involves an mutually beneficial agreement between two or more organizations, allows the achievement of common goals that would otherwise be unattainable individually. An illustration of such a partnership was seen in August 2023, when TeleTracking Technologies, a healthcare operations platform specialist from the US, launched an innovative system for electronic bed management. This comprehensive system offers real-time data on bed availability and patient status, automates bed turnover and patient placement processes to minimize idle bed time, and boosts efficiency overall. The adoption of predictive analytics aids in predicting future bed demand, enabling hospitals to tweak their resources as and when needed. It also improves inter-departmental communication which helps in avoiding delays and providing timely care to patients, thereby amplifying their overall experience. This was also seen when Maidstone and Tunbridge Wells NHS Trust incorporated a new bed management system which led to significant improvements in bed turnover times and patient care. Such technologies enhance communication between departments, cut down waits, and optimize hospital operations overall.

Which Segments in the Hospital Bed Management Systems Market Offer the Most Profit Potential?
The hospital bed management systems market covered in this report is segmented -

1) By Component: Services, Software
2) By Mode Of Delivery: On-Premise, Cloud-Based
3) By Hospital Bed Management Systems Type: Acute Care Bed, Critical Care Bed, Long-Term Care Bed, Other Types
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users

Subsegments:
1) By Services: Consulting Services, Implementation Services, Training And Support Services
2) By Software: Bed Management Software, Patient Flow Management Software, Bed Occupancy And Allocation Software, Reporting And Analytics Software

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Which Firms Dominate the Hospital Bed Management Systems Market by Market Share and Revenue in 2025?
Major companies operating in the hospital bed management systems market report are McKesson Corporation, Oracle Corporation, SAP SE, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare Technologies Inc., Infor Inc., Epic Systems Corporation, Getinge AB, Oracle Cerner, Veradigm Inc., Kronos Incorporated, Omnicell Inc., athenahealth Inc., Medical Information Technology Inc., CentralSquare Technologies LLC, Mcleod Health Services Inc., Egton Medical Information Systems Limited, CareCloud Corporation, Lyngsoe Systems A/S, Advanced Data Systems Corporation, PatientKeeper Inc., Siemens Healthcare GmbH, Central Logic Inc., LeanTaaS Inc., Terawe Corporation, TeleTracking Technologies Inc., The Access Group

Which Regions Offer the Highest Growth Potential in the Hospital Bed Management Systems Market?
North America was the largest region in the hospital bed management systems market in 2024. The regions covered in the hospital bed management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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