Hospital Capacity Management Solutions Market is set to witness a healthy growth rate of 18% by 2026

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Hospital capacity management includes software and services offered by players that empower hospital executives, administrators and clinical staff with real-time hospital capacity planning and asset tracking.

Covid-19 Pandemic Fuels the Demand for Hospital Capacity Management Solutions

Covid-19 pandemic has adversely impacted all health services globally and demanded significant changes for patient healthcare. Taking care of Covid-19 patients alongside patients with other health conditions was a complicated challenge. The global medical community faced an unparalleled strain on its facilities and its resources in the wake of overcrowded hospitals, lack of oxygen cylinders, dearth of hospital beds, difficulty maintaining adequate staffing and supporting staff, extended waits for test results, shortages of critical supplies, materials, and logistic support and an expanding black market for drugs. The situation led to increase in costs for hospitals, decreased revenues and posed as a threat to their financial viability. To address these concerns, hospitals embraced hospital capacity management solutions that helped hospitals to better monitor patient services and make utilization of its resources to generate more revenues.

IoT-based Healthcare Capacity Management Solutions Opens Up New Growth Ventures

For making decisions concerning long-term planning, facility performance and patient care & satisfaction, hospitals are increasing dependent on data related to equipment assets, bed availability, workflows, patient/staff interactions, and safety compliance. Emergence of various IoT-enabled devices and real-time location systems (RTLS) has automated data collection on medical equipment location, usage and staff and patient interactions within all healthcare environments. This has helped facilities enhance compliance reporting, staff safety and shortage, workflow, hand hygiene and patient throughput by gathering meaningful patient data.

Efficient Growth Strategies Adopted by Market Players to Establish Their Foothold in Hospital Capacity Management Solutions Market

Players operating in the hospital capacity management solutions market are adopting both organic and inorganic growth strategies such as new product launches, and partnerships to garner higher market share. For instance,

• In October 2021, GE Healthcare partnered with Apprise Health Insights to launch nation’s first automated statewide hospital bed management solution in Oregon. Oregon is the first state in the U.S. to launch a new statewide command center software solution for hospital capacity and critical resource management developed by GE Healthcare.

The global hospital capacity management solutions market is an emerging market which is expected to gain further momentum in the upcoming years due to the growing prominence of digitalization, automation tools and data-driven solutions that utilize predictive analytics, AI, and ML.

Competitive Landscape Analysis: Hospital Capacity Management Solutions Market

The hospital capacity management solutions market is marked by the presence of top industry players such as Cerner, McKesson, HealthStream, Stanley Healthcare, Infosys, Teletracking Technologies, WellSky, Simul8 Corporation, among others.

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