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Global Hospital Bed Management Systems Market – Industry Trends and Forecast to 2031

Healthcare

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Global Hospital Bed Management Systems Market – Industry Trends and Forecast to 2031

  • Healthcare
  • Upcoming Report
  • Mar 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Hospital Bed Management Systems Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 1.80 USD Billion
Diagram Market Size (Forecast Year) USD 3.67 USD Billion
Diagram CAGR %

Major Markets Players

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Global Hospital Bed Management Systems Market, By Deployment Mode (Cloud and Web-based, On-Premises), Type (Acute Care Bed, Critical Care Bed, Long-Term Care Bed), End-Use (Hospitals, Clinics) – Industry Trends and Forecast to 2031.

Hospital Bed Management Systems Market

Hospital Bed Management Systems Market Analysis and Size

The hospital bed management systems market growth is anticipated to factors such as increasing awareness and use of automation technologies in hospitals, rise in partnerships and collaborations between major firms and healthcare facilities for software installations, and surge in the launch of innovative software and services for the hospital management industry.  In addition, increase inpatient admissions and growing incidence of life-threatening disorders are driving the market expansion. Moreover, as the population ages, it becomes more prone to chronic diseases, resulting in an increasing demand for different healthcare services, including hospital beds.                              

Data Bridge Market Research analyses that the global hospital bed management systems market, which was USD 1.8 billion in 2023, is expected to reach USD 3.67 billion by 2031, and is expected to undergo a CAGR of 9.3% during the forecast period 2024 to 2031. “Acute Care Bed” dominates the type segment of the hospital bed management systems market as rising prevalence of acute and chronic diseases globally contributes to an increased demand for acute care beds. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

 Deployment Mode (Cloud and Web-based, On-premises),  Type (Acute Care Bed, Critical Care Bed, Long-Term Care Bed),  End-Use (Hospitals, Clinics)

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, South Korea, Japan, India, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, Rest of Asia-Pacific, South Africa, Rest of Middle East and Africa, Brazil, and Rest of South America

Market Players Covered

Oracle (U.S.), Epic Systems Corporation  (U.S.), GE Healthcare (U.S.), Veradigm LLC (U.S.), CentralSquare Technologies  (U.S.), Advanced Data Systems (U.S.), Terawe Corp  (Canada), Lyngsoe Systems A/S  (Denmark), The Access Group  (U.K.), EMIS Health (U.K.), TeleTracking Technologies, Inc.  (U.S.), SAP SE  (Germany) among others

Market Opportunities

  • Increasing Patient Admission Rates
  • Growing Adoption of Healthcare Information Technologies
  • Rising Healthcare Infrastructure Investments

Market Definition

Hospital bed management systems is the strategic planning, coordination, and utilization of hospital bed resources that foster effective patient care delivery, improve patient flow, and enhance the utilization of available beds within a healthcare facility.  Bed management systems are critical in ensuring that elderly patients receive timely and proper care through bed availability and allocation management that supports the market progress.             

Global Hospital Bed Management Systems Market Dynamics

Drivers

  • Rising Demand for Efficient Patient Flow Management

Hospitals worldwide are increasingly focused on optimizing patient flow to enhance efficiency and reduce wait times. Hospital bed management systems offer real-time monitoring and tracking of bed occupancy, enabling healthcare facilities to streamline patient admissions, transfers, and discharges. The demand for these systems is driven by the need to improve resource utilization, enhance patient satisfaction, and minimize bottlenecks in hospital operations.

  • Growing Emphasis on Patient Safety and Quality of Care

Patient safety and quality of care are paramount in healthcare delivery. Hospital bed management systems help hospitals ensure patient safety by providing visibility into bed availability, facilitating timely placement of patients in appropriate units, and reducing the risk of medical errors associated with overcrowding or inadequate bed assignments. The increasing focus on patient-centric care and regulatory requirements for quality improvement drive the adoption of these systems.

  • Growing Investment for Healthcare Facilities

Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities.  

Opportunities

  • Expansion in Emerging Markets

Emerging economies are witnessing rapid urbanization and increasing healthcare investments, leading to the expansion of hospital infrastructure. Hospital bed management systems present an opportunity for healthcare facilities to modernize their operations, optimize resource utilization, and improve patient care delivery. As healthcare systems in emerging markets evolve, there is a growing demand for efficient bed management solutions to address capacity constraints and enhance operational efficiency.

  • Interoperability and Integration with Healthcare IT Systems

There is an opportunity to develop bed management systems that seamlessly integrate with other healthcare information technology (IT) systems such as electronic health records (EHRs), patient scheduling systems, and clinical decision support systems. Interoperability ensures smooth data exchange between different systems, enabling comprehensive patient tracking, efficient communication among healthcare teams, and streamlined workflows.

Restraints/ Challenges

  • High Implementation Costs

The initial investment required for implementing hospital bed management systems can be substantial, encompassing costs associated with software licensing, hardware installation, staff training, and system integration. For healthcare facilities with limited budgets, particularly in resource-constrained settings or in regions with lower healthcare expenditure, the high upfront costs of implementing bed management systems may act as a barrier to adoption, restraining market growth.

  • Data Security and Privacy Concerns

Hospital bed management systems involve the collection, storage, and transmission of sensitive patient data, including medical records, demographic information, and bed occupancy status. Ensuring data security, protecting patient privacy, and complying with regulations such as the Health Insurance Portability and Accountability Act (HIPAA) in the U.S.and the General Data Protection Regulation (GDPR) in Europe are critical considerations for healthcare providers and system vendors. Concerns about data breaches, cybersecurity threats, and regulatory non-compliance may impede the adoption of bed management systems, especially among organizations with stringent data security requirements.

  • Resistance to Change and Staff Adoption

The implementation of hospital bed management systems often requires changes to existing workflows, roles, and processes within healthcare organizations. Resistance to change among healthcare staff, including clinicians, nurses, and administrative personnel, can pose a significant barrier to the successful adoption and utilization of bed management systems. Staff may be hesitant to embrace new technologies, perceive them as disruptive to established routines, or lack the necessary training and support to effectively use the systems.

This global hospital bed management systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global hospital bed management systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

  • In October 2021, GE Healthcare launched a new command center software solution for hospital capacity and critical resource management, and Oregon is the first U.S. state to implement the solution. Apprise Health Insights lead the implementation of this digital platform, the Oregon Capacity System (OCS), to every hospital in the state of Oregon, owing to a government funding supported by the U.S. Department of Health and Human Services (HHS). This will help the market to expand globally

Global Hospital Bed Management Systems Market Scope

The global hospital bed management systems market is segmented on the basis of deployment mode, type and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Deployment Mode

  • Cloud and Web-Based
  • On-Premises

 Type

  • Acute Care Bed
  • Critical Care Bed
  • Long-Term Care Bed
  • Other Types

End-Use

  • Hospitals
  • Clinics

Global Hospital Bed Management Systems Market Regional Analysis/Insights

The global hospital bed management systems market is analysed and market size insights and trends are provided by country, deployment mode, type and end-use as referenced above.

The countries covered in the global hospital bed management systems market report are U.S., Canada, Mexico, U.K., Germany, France, Spain, Italy, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific (APAC), Brazil, rest of South America in South America, South Africa, and rest of Middle East and Africa in Middle East and Africa (MEA).

North America dominates the hospital bed management systems market due to well-established and continuously growing healthcare infrastructure. The expansion of hospitals, clinics, and other healthcare facilities creates a demand for advanced bed management systems to optimize bed utilization and enhance patient care delivery.

Asia-Pacific is projected to observe significant amount of growth in the hospital bed management systems Market due to the rapid necessity for telemedicine and healthcare support. Moreover, the modernization and development in telecommunication is further anticipated to propel the growth of the hospital bed management systems market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The global hospital bed management systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global hospital bed management systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global hospital bed management systems market. The data is available for historic period 2016-2021.

Competitive Landscape and Global Hospital Bed Management Systems Market Share Analysis

The global hospital bed management systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global hospital bed management systems market.

Some of the major players operating in the global hospital bed management systems market are:

  • Oracle (U.S.)
  • Epic Systems Corporation (U.S.)
  • GE Healthcare (U.S.)
  • Veradigm LLC  (U.S.)
  • CentralSquare Technologies  (U.S.)
  • Advanced Data Systems  (U.S.)
  • Terawe Corp  (Canada)
  • Lyngsoe Systems A/S  (Denmark)
  • The Access Group (U.K.)
  • EMIS Health  (U.K.)
  • TeleTracking Technologies, Inc.  (U.S.)
  • SAP SE  (Germany)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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FREQUENTLY ASK QUESTIONS

The Hospital Bed Management Systems Market size will be worth USD 3.67 billion by 2031 during the forecast period.
The Hospital Bed Management Systems Market growth rate is 9.3% during the forecast period.
The Rising Demand for Efficient Patient Flow Management, Growing Emphasis on Patient Safety and Quality of Care are the growth drivers of the Hospital Bed Management Systems Market.
The deployment mode, type and end-use are the factors on which the Hospital Bed Management Systems Market research is based.
The major companies in the Hospital Bed Management Systems Market are Oracle (U.S.), Epic Systems Corporation (U.S.), GE Healthcare (U.S.), Veradigm LLC (U.S.), CentralSquare Technologies (U.S.), Advanced Data Systems (U.S.), Terawe Corp (Canada), Lyngsoe Systems A/S (Denmark), The Access Group (U.K.), EMIS Health (U.K.), TeleTracking Technologies, Inc. (U.S.), SAP SE (Germany).
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