Europe Hospital Capacity Management Solutions Market – Insights

Hospital capacity management solution (HCMS) is used to effectively utilize and manage availability and accommodation of hospital beds, caregivers, and other assets. These solutions comprise various modules such as workflow management, real-time tracking, and bed management.

Statistics:

Europe hospital capacity management solutions market is estimated to account for US$ 276.6 Mn in terms of value in 2019 and is expected to reach US$ 435.7 Mn by the end of 2027.

Europe Hospital Capacity Management Solutions Market: Drivers

Need for reduced hospital stay is expected to fuel demand for Europe hospital capacity management solutions market over the forecast period. HCMS enable better and timely care for patients and consequently reduce the length of a patient’s hospital stay. These solutions also track patient clinical data and assign the nearest nurse, doctor or caregiver to the patients for timely care, so that the patients can be discharged earlier.

Moreover, high cases of accidents are also expected to propel growth of the market. For instance, according to European Transport Safety Council, in 2018, EU28 recorded 25,058 road accident deaths in 2018.

U.K. held dominant position in Europe hospital capacity management solutions market in 2018, accounting for 20.9% share in terms of value, followed by Germany.

Europe Hospital Capacity Management Solutions  | Coherent Market Insights

Europe Hospital Capacity Management Solutions Market: Restraints

Security breach or disclosure of data is expected to hinder growth of Europe hospital capacity management solutions market. The most commonly exposed data in healthcare breaches are medical records, followed by billing and insurance records, and payment information.

Moreover, poor integration of tools into existing workflows is also expected to hamper the market growth. The functionality of analytics applications has evolved over time. However, integration into existing workflows has been sub-optimal to the point where care providers have not benefitted from point-of-care insights from analytics tools. For instance, clinicians might end up having to exit from EHR portals and switch to an alternate interface to access analytics reports. Analytics solution vendors have the ability to provide tailored products, which can integrate well with existing EHR and other platforms, but few do it in practice. This is because it is difficult for these vendors to understand the nature of workflows for different end user cases and design appropriate solutions that meets the needs of healthcare providers.

Europe Hospital Capacity Management Solutions Market: Opportunities 

Increasing healthcare expenditure is expected to offer lucrative growth opportunities for market players. For instance, according to Healthcare Expenditure Statistics (extracted in July 2019) by Eurostat, among the EU Member States, France, Germany, and Sweden recorded a healthcare expenditure between 11.0 % and 11.5 % of the GDP in 2016.

Moreover, increasing focus of government organizations to improve patient experience is also expected to boost growth of the market. For instance, in January 2020, Regional Health Command Europe amounted to standardize the check-in process in Military Treatment Facilities throughout Europe to enhance communication with patients and improve availability of information in patient waiting areas.

Europe Hospital Capacity Management Solutions  | Coherent Market Insights

Real Time Locating System segment in Europe hospital capacity management solutions market was valued at US$ 96.2 Mn in 2018 and is expected to reach US$ 171.3 Mn by 2027 at a CAGR of 5.6% during the forecast period.

Market Trends/Key Takeaways

Hospitals are reducing the number of beds to cut down expenses. Hence, it is essential for hospitals to use its resources effectively and efficiently. Hospital capacity management solutions are helpful in reducing hospital stay period of patients and maximizing occupancy levels of hospital beds.

Hospital capacity management solutions optimize asset and resource management and also enable efficient assigning of healthcare staff, which increases productivity while reducing time and assets wastage, as well as mismanagement. These factors in turn reduce expenses and generate more revenue.

Europe Hospital Capacity Management Solutions  | Coherent Market Insights

Europe Hospital Capacity Management Solutions Market: Competitive Landscape

Major players operating in Europe hospital capacity management solutions market include, Awarepoint Corporation, Allscripts Healthcare Solutions, Inc., Cerner Corporation, McKesson Corporation, Epic Systems Corp., TeleTracking Technologies, Inc., Central Logic, Inc., Sonitor Technologies, Inc., and STANLEY Healthcare Solutions Limited.

Europe Hospital Capacity Management Solutions Market: Key Developments 

Major players in the market are also focused on launching new products to expand their product portfolio. For instance, in October 2019, CenTrak, Inc. launched s TruView system, which has accurate locating technology to ensure safety, improve workflow and locate patients.

In December 2019, EPSi, Allscripts Healthcare Solutions, Inc’s budgeting, planning/forecasting, cost accounting and financial decision support platform, announced a new advanced analytics product and services solution to the marketplace.

Hospital capacity management solutions help in optimizing hospital resources such as staff, materials, supply chain, and other activities. Effective management of hospital resources helps in avoiding loss of money, and time as well as improving medical care. Thus, hospitals now-a-days are focusing on improving medical care through employment of effective hospital capacity management solutions in their facilities. Hospital capacity management solutions are of following types such as workflow management solution, asset management solution, bed management solution, real time locating systems, and others.

Restraints of the Europe Hospital Management Solutions Market

Security breach or disclosure of data is expected to hinder growth of Europe hospital capacity management solutions market. The most commonly exposed data in healthcare breaches are medical records, followed by billing and insurance records, and payment information.

Key features of the study:

  • This report provides in-depth analysis of the Europe hospital management solutions market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the Europe hospital management solutions market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include Awarepoint Corporation, Allscripts Healthcare Solutions, Inc., Cerner Corporation, McKesson Corporation, Epic Systems Corp., TeleTracking Technologies, Inc., Central Logic, Inc., Sonitor Technologies, Inc., and STANLEY Healthcare Solutions Limited
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The Europe hospital management solutions market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Europe Hospital Management Solutions Market, By Product Type:
    • Workflow Management Solution
      • Stand-alone
      • Integrated
      • On-Premise
      • Cloud Based
    • Asset Management Solution
      • Stand-alone
      • Integrated
      • On-Premise
      • Cloud Based
    • Bed Management Solution
      • Stand-alone
      • Integrated
      • On-Premise
      • Cloud Based
    • Real Time Locating System
      • Stand-alone
      • Integrated
      • On-Premise
      • Cloud Based
    • Quality Patient Care Solution
      • Stand-alone
      • Integrated
      • On-Premise
      • Cloud Based
    • Event Driven Solutions
      • Stand-alone
      • Integrated
      • On-Premise
      • Cloud Based
      • Online Registration Solution
      • Attendance Management Tools
      • Event Driven Patient Tracking
      • Others
  • Europe Hospital Management Solutions Market, By Country:
    • U.K.
    • France
    • Germany
    • Italy
    • Spain
    • Benelux
    • Nordic
    • Russia
    • Poland
    • Rest of Europe
  • Company Profiles
    • Awarepoint Corporation *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Allscripts Healthcare Solutions, Inc.
    • Cerner Corporation
    • McKesson Corporation
    • Epic Systems Corp.
    • TeleTracking Technologies, Inc.
    • Central Logic, Inc.
    • Sonitor Technologies, Inc.
    • STANLEY Healthcare Solutions Limited

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product
      • Market Snippet, By Country
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Technological Advancement
    • Regulatory Scenario
  4. Europe Hospital Capacity Management Solutions Market, By Product Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Workflow Management Solution
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Stand-alone
        • Integrated
        • On-Premise
        • Cloud Based
    • Asset Management Solution
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Stand-alone
        • Integrated
        • On-Premise
        • Cloud Based
    • Bed Management Solution
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Stand-alone
        • Integrated
        • On-Premise
        • Cloud Based
    • Real Time Locating System
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Stand-alone
        • Integrated
        • On-Premise
        • Cloud Based
    • Quality Patient Care Solution
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Stand-alone
        • Integrated
        • On-Premise
        • Cloud Based
    • Event Driven Solutions
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Stand-alone
        • Integrated
        • On-Premise
        • Cloud Based
        • Online Registration Solution
        • Attendance Management Tools
        • Event Driven Patient Tracking
        • Others
  5. Europe Hospital Capacity Management Solutions Market, By Country, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
        • U.K.
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
        • France
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
        • Germany
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
        • Italy
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
        • Spain
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
        • Benelux
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
        • Nordic
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
        • Russia
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
        • Poland
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
        • Rest of Europe
          • Introduction
          • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn), By Product Type
  6. Competitive Landscape
    • Company Profiles
      • Awarepoint Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Allscripts Healthcare Solutions, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Cerner Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • McKesson Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Epic Systems Corp.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • TeleTracking Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Central Logic, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Sonitor Technologies, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • STANLEY Healthcare Solutions Limited
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  7. Section
    • References
    • Research Methodology
    • About us and Sales Contact

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