Press Release

Hospital Bed Management Systems Market to Grow with a CAGR of 8.14% through 2028

Rising demand for enhanced patient care and growing healthcare infrastructure are factors driving the Global Hospital Bed Management Systems Market in the forecast period 2024-2028.

 

According to TechSci Research report, “Hospital Bed Management Systems Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Hospital Bed Management Systems Market stood at USD 1.64 billion in 2022 and is anticipated to grow with a CAGR of 8.14% in the forecast period, 2024-2028. In an era of advanced healthcare technology, hospital bed management systems have become an essential component of modern healthcare facilities. These systems are designed to streamline the process of managing hospital beds efficiently, ensuring optimal patient care, and maximizing resource utilization. The Global Hospital Bed Management Systems Market has been experiencing steady growth, thanks to several key market drivers.

One of the primary drivers of the Global Hospital Bed Management Systems Market is the increasing demand for improved patient care. Hospital bed management systems help healthcare providers optimize bed allocation, ensuring that patients are admitted and discharged promptly. This leads to reduced waiting times, faster access to treatment, and an overall enhanced patient experience.

 

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The expansion of healthcare infrastructure, especially in emerging economies, is another significant driver. As more hospitals and healthcare facilities are being established, the need for efficient bed management systems has surged. These systems play a vital role in managing the increasing patient load while maintaining the quality of care.

The global population is aging, leading to a higher demand for healthcare services. Additionally, the prevalence of chronic diseases is on the rise. These factors contribute to an increased number of patient admissions, putting pressure on healthcare facilities. Hospital bed management systems help hospitals accommodate this growing patient population by optimizing bed turnover. Advancements in healthcare technology have significantly improved the capabilities of bed management systems. These systems now incorporate features such as real-time tracking of bed availability, integration with electronic health records (EHRs), and predictive analytics for resource allocation. Hospitals are keen to invest in these advanced systems to stay competitive and provide superior patient care.

Effective communication and collaboration among healthcare teams are critical for patient care. Hospital bed management systems facilitate seamless communication among nurses, physicians, and administrative staff, ensuring that patients are placed in the right beds and receive timely care. This improved coordination enhances the overall patient experience.

The Global Hospital Bed Management Systems Market is segmented into Type, Deployment  and company.

Based on Deployment , the cloud & web-based deployment segment has emerged as the predominant market leader. Cloud and web-based systems are often designed with integration in mind. They can easily integrate with other healthcare IT systems, such as electronic health records (EHRs), patient management systems, and billing systems, creating a seamless flow of information within the healthcare organization.

Based on region, North America segment is expected to grow during the forecast period.  The North American region has a substantial demand for hospital bed management systems due to the aging population, the prevalence of chronic diseases, and the need for efficient healthcare management solutions. These factors drive the adoption of advanced systems. North America has a robust ecosystem of healthcare IT vendors, consultants, and integrators who facilitate the implementation of hospital bed management systems. This ecosystem contributes to the growth of the market by providing expertise and support to healthcare facilities.

The Asia Pacific region is experiencing rapid market growth. The region invests significantly in research and development, which fosters innovation in healthcare technologies, including hospital bed management systems. Research institutions, universities, and private companies collaborate to drive advancements in the field.

 

Major companies operating in Global Hospital Bed Management Systems Market are:

  • Oracle Corporation
  • Epic Systems Corporation
  • GE Healthcare Technologies, Inc.
  • Veradigm LLC
  • CentralSquare Technologies pvt ltd.
  • Advanced Data Systems ltd
  • Terawe Corp
  • Lyngsoe Systems A/S inc.
  • The Access Group
  • TeleTracking Technologies, Inc.

 

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“The Global Hospital Bed Management Systems Market is experiencing robust growth, primarily driven by the increasing demand for enhanced patient care, the expansion of healthcare infrastructure, rising patient admissions, regulatory requirements, technological advancements, cost reduction initiatives, and improved communication and collaboration within healthcare facilities. As the healthcare landscape continues to evolve, the importance of these systems in delivering efficient and high-quality care is expected to grow further. Investing in advanced hospital bed management systems has become imperative for healthcare organizations looking to stay competitive and provide the best possible care to their patients.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

Hospital Bed Management Systems Market By Type (Acute Care Bed, Critical Care Bed, Long-term Care Bed), By Deployment (Cloud & Web Based, On-premises), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential of Global Hospital Bed Management Systems Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Hospital Bed Management Systems Market.


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Relevant Reports

Hospital Bed Management Systems Market, 2028- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Acute Care Bed, Critical Care Bed, Long-term Care Bed), By Deployment (Cloud & Web Based, On-premises), By Region, By Competition.

Healthcare | Sep, 2023

Rising demand for enhanced patient care and growing healthcare infrastructure are factors driving the Global Hospital Bed Management Systems Market in the forecast period 2024-2028.

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