Europe Hospital Capacity Management Solutions Market to Witness an Outstanding Growth at 5.1% CAGR During 2017-2027

According to a recent research report offered by Future Market Insights (FMI), adoption of hospital management capacity is likely to exhibit expansion at steady CAGR through 2027-end. Rising need for improved health safety will lead healthcare institute to accept IT/HCMS. Moreover, focus on clinical and financial integration is likely to boost incorporation of highest IT infrastructure like PLEXIS. Increasing adoption of HCMS is helping people to track real-time location services. HCMS is gaining traction among healthcare institutes as net-generation solution that will minimize administrative and medical errors owing to increasing operating costs of other techniques.

Additionally, dynamics of politics have influenced the procedure of supply and demand via implementation of number of healthcare related evolutions and reforms like The Patient Protection and Affordable Care Act. The act mandates number of requirements and regulations related to capturing, storing, as well as sharing data, which is expected to bring fundamental alteration in different operations related to healthcare. Additionally, improved technology like easy internet accessibility and wireless communication, linked with different healthcare operations are likely to bring new opportunities and allow patients to access relevant information whenever they need. Aforementioned key factors will positively influence growth of the market.

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Its widespread adoption will be hindered by vulnerabilities and breaches associated with IT. Government’s imposition of complex acts for improved quality and services, combined with lack of involvement with related to analytical solutions with platforms like electronic health record (EHR) are likely to stand as a challenge to expansion of HCMS market.

Product Type : The real-time locating segment, based on product type is anticipated to procure majority share of the market in terms of revenues. This segment procured nearly US$ 90 Mn in 2016, and it is estimated to expand at highest CAGR over the forecast period. This segment will be followed by event-drive segment, reflecting significant single-digit CAGR throughout the assessment period; Regional Analysis : In terms of revenues, the U.K. is likely to hold highest share of HCMS market in Europe. Throughout the forecast period, the U.K. will lead the market and will remain the largest and fastest growing market. Whereas, the market in Germany is estimated to surpass US$ 80 Mn by the end of 2027.

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Growing geographically via conferences, collaboration, partnerships, products expansion, strengthening distribution networks will be kwy strategies that will be followed by leading market players in the market. Increasing demand for systems and applications for new business requirements will increase mergers and acquisition, consolidation and partnerships among leading market players. Vendors are entering actively into the market to maintain their position in the market as well as to consolidate their position in the market.

Vendor Insights : Care Logistics LLC, Awarepoint Corporation, Cerner Corporation, McKesson Corporation, STANLEY Healthcare Solutions Limited, Epic Systems Corporation, Central Logic, TeleTracking Technologies, Inc., Sonitor Technologies, Inc., and Allscripts Healthcare Solutions, Inc are some prominent market players operating in the HCMS market.

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This release was published on openPR.