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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