Analysis of COVID-19 Crisis-driven Growth Opportunities in Hospital Capacity Management Solutions Market

Hospital Capacity Management Solutions Market: Overview

Hospitals are the perfect place of treating severe disease and form the best place as compared to the alternative medical care facilities. Hospitals extensively use medical and technological innovations to deliver effective medical treatments, while reducing the patient’s in hospital time spending. However, patients can face inadequacies and delays at hospitals. Patients spend days and sometimes months in critical care and recovery rooms awaiting beds. Surgeries and procedures are often rescheduled and cancelled. Inpatients are placed in inappropriate beds and relocated multiple times. The number of nurses and other hospital staff are lesser than required; therefore, they are burdened with more work.

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Hospital Capacity Management Solutions Market: Key Trends

Rising demand of better health care facilities, and technical development in hospital capacity management are key factors driving the global hospital capacity management solutions market. Increase in investment by health care IT corporations, rise in government initiatives to enhance patient care, increase in demand for integrated health care systems, rise in the number of hospitals, and increase in focus on patient-centric care delivery have improved several features in medical practices. This, in turn, boosts the global hospital capacity management solutions market. Increase in number of mergers and acquisitions and rise in acceptance of portable health IT are some major trends fueling the global hospital capacity management solutions market. However, lack of trained health care IT professionals, increase in complexity with the lack of consistent data and data privacy concerns are likely to restrain the global hospital capacity management solutions market during the forecast period.

Hospital Capacity Management Solutions Market: Segmentation

The global hospital capacity management solutions market can be segmented based on solution and region. In terms of solution, the market can be divided into asset management solutions, patient flow management solutions, workflow management solutions, bed management solutions, and quality patient care solutions. The asset management solutions segment can be categorized into bifurcated into laboratory equipment management solutions and radiology utilization management solutions.

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Hospital Capacity Management Solutions Market: Regional Analysis

Based on region, the global hospital capacity management solutions market can be segregated into North America (the U.S. and Canada), Europe (the U.K., Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific, (China, Japan, India, Australia & New Zealand, and Rest of Asia Pacific) Latin America (Mexico, Brazil, and Rest of Latin America), and Middle East & Africa (South Africa, Saudi Arabia, Israel, and Rest of Middle East & Africa). Europe and North America account for large share of the global hospital capacity management solutions market due to factors such as increasing prevalence of chronic diseases and rising demand to treat diseases at an early stage.

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Moreover, increasing government focus to provide better health care facilities and rise in adoption of hospital capacity management solutions in Europe and North America propel the usage of hospital capacity management solutions in the region. Countries such as the U.S. the U.K., Canada, Germany, Italy, France, and Spain create immense opportunities for the players operating in hospital capacity management solution market.

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The market in Asia Pacific is projected to expand at a rapid pace during the forecast period. Expansion of the market in the region is attributed to factors such as increase in disposable income of population, rise in government investments to provide better health care facilities, and surge in adoption of technologically advanced products in the region.

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Hospital Capacity Management Solutions Market: Competitive Landscape

Key players in global hospital capacity management solutions market include TeleTracking Technologies, Inc., GE healthcare, Alcidion Corporation, Central Logic, Cerner Corporation, STERIS plc. McKesson Corporation, Change Healthcare, NextGen Healthcare, Inc., and Infosys Limited.

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