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The growing demand of better healthcare facilities, and technological advancement in hospital capacity management solutions are the major growth drivers for the global hospital capacity management solutions market. Additionally, the increasing investment by healthcare IT companies, growing demand for integrated healthcare solutions, and increasing number of hospitals are also driving the growth of the global hospital capacity management solutions market. The growing numbers of mergers and acquisitions, and increasing adoption of mobile health IT are some of the major trends observed in the global hospital capacity management solutions market.
The capacity management solutions help in increasing the efficiency of workflow and reduce expenses in hospitals. Moreover, these solutions provide support in bed management, asset management, and quality patient care. The bed management solutions track hospital bed utilization rates and manage all process from bed admission to their maintenance. The asset management solutions manage the usage patterns of high-end equipment and their proper utilization.
The stringent regulation for the installation and implementation of capacity management solutions in hospitals is restraining the growth of the market. Moreover, the high installation and maintenance costs of these systems, and lack of skilled healthcare professionals is also hindering the growth of the global market, especially in the developing countries, such as India and China.
North America and Europe are the major markets for the hospital capacity management solutions, due to increasing prevalence of chronic diseases, and improved healthcare infrastructure in these regions. Additionally, the technological advancement in hospital capacity management solutions and increased awareness about potential applications of these solutions is also playing a pivotal role in growth of the market within these regions.
The U.S. followed by Canada, is the largest market for hospital capacity management solutions in North America. Whereas, the U.K., Germany, Italy, France, and Spain are some of the major countries holding significant share in the European hospital capacity management solutions market.
The Asian market is growing with a significant rate, owing to increasing number of hospitals, and increasing healthcare spending in the region. In addition, the initiatives taken by various government associations for the implementation of healthcare IT in hospitals are also supporting the growth of the Asian hospital capacity management solutions market. The countries, such as India, Japan and China, are the major markets in the region.
Apart from these regions, Latin America is other important market. This is due to improving healthcare infrastructure and growing demand of hospital capacity management solutions in the region. Brazil holds the largest share in the Latin American hospital capacity management solutions market, due to the improving healthcare infrastructure and growing support from government organizations for the implementation of these solutions in hospitals of the country.
Some of the major players operating in the global hospital capacity management solutions market include Infosys Limited, TeleTracking Technologies Inc., NextGen Healthcare Information Systems LLC, GE Healthcare, McKesson Corporation, Cerner Corporation, STERIS Corporation, Alcidion Corporation, and Central Logic.
Hospital Capacity Management Solutions Market Segmentation