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Hospital Bed Management Systems Market - By Deployment Mode (Cloud & Web-based, On-premises), By Type (Acute Care Bed, Critical Care Bed, Long-Term Care Bed), By End-use (Hospitals, Clinics) – Global Forecast, 2023-2032
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Hospital Bed Management Systems Market
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Base Year: 2022
Companies covered: 12
Tables & Figures: 209
Countries covered: 22
Pages: 110
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Hospital Bed Management Systems Market Size
Hospital Bed Management Systems Market size was valued at around USD 1.8 billion in 2022 and is estimated to register a CAGR of 9.3% between 2023 and 2032. This robust 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 inn patient 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. 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.
For instance, according to WHO’s World Population Prospect report 2022, by 2030, one in every six persons around the globe will be 60 years or older. The proportion of the population aged 60 and above will rise from 1 billion in 2020 to 1.4 billion in 2030. Furthermore, ongoing technological developments, such as the incorporation of IoT, real-time locating systems, and artificial intelligence (AI) in healthcare further drive the use of sophisticated bed management deployment modes in healthcare facilities.
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.
COVID-19 Impact
The COVID-19 pandemic had a positive impact on the hospital bed management systems market. The pandemic raised the demand for medical beds manifold, resulting in a significant decline in the number of available beds. This has imposed a strain on hospital resources, making it difficult for hospitals to provide and care for all patients who require it. This trend related to the bed occupancy rate has been witnessed, throughout the pandemic. Hence, it has impacted the availability and allocation of beds for other conditions, particularly when the pandemic was at its peak. However, as it recorded decline, the industry growth rebounded and crossed the pre-pandemic levels in the following years.
Hospital Bed Management Systems Market Trends
The market is experiencing several notable trends that are shaping its growth and development. Factors such as the growing demand for integration of IoT and real-time locating systems (RTLS) technologies, increase in adoption of artificial intelligence (AI) for predictive analytics, and increasing enhanced data security and privacy measures among others.
Hospital Bed Management Systems Market Analysis
The market by deployment mode is categorized into cloud & web based and on-premises. The cloud & web-based segment garnered around USD 1.17 billion revenue in 2022.
Based on type, the hospital bed management systems market is segmented into acute care bed, critical care bed, long-term care bed, and other types. The acute care bed segment dominated the hospital bed management system market and accounted for over 43% business share in 2022 and is anticipated to witness fastest growth during the forecast period.
The hospital bed management systems market by end-use is categorized into hospitals, clinics, and other end-users. The hospitals segment accounted for over USD 1.1 billion revenue size in 2022.
North America hospital bed management system market accounted for USD 689 million revenue in 2022 and is predicted to witness substantial market growth over the analysis timeline.
Hospital Bed Management Systems Market Share
The hospital bed management systems industry is fragmented in nature, with a large number of small and medium-sized companies competing with each other. However, there are a few key players that are focusing on improving their market share including Oracle Corporation, Epic Systems Corporation, GE Healthcare, and Veradigm LLC among others. These companies are diligently directing their efforts towards continuous novel software innovation and implementation to gain substantial market share.
Some of the eminent market participants operating in the hospital bed management systems industry include:
Hospital Bed Management Systems Industry News:
Hospital bed management systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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By Deployment mode, 2018-2032 (USD Million)
By Type, 2018-2032 (USD Million)
By End-use, 2018-2032 (USD Million)
The above information is provided for the following regions and countries: