The bed management solution is the core operational activity especially in hospitals and healthcare centers. It involves constant monitoring hospital admissions, discharge of patients as well as the patient movement within the hospitals to gather and analyze bed availability across the hospital.
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
Increasing prevalence of chronic diseases is expected to lead to high number of hospitalization, thereby aiding growth of Europe hospital capacity management solutions market. For instance, according to the International Diabetes Federation, 59,322,100 suffered from diabetes in Europe in 2019, and the number is expected to reach 68,121,400 in 2045.
Europe Hospital Capacity Management Solutions Market: Opportunities
Use of predictive analytics to better predict availability of beds is expected to offer lucrative growth opportunities for players in the market. Predictive analytics improves operational efficiency and effectiveness and improves the bottom line for hospitals.
Europe Hospital Capacity Management Solutions Market: Restraints
High cost of installation and equipment and dearth of skilled healthcare professionals in developing and under developed countries are some of the factors that are expected to hinder growth of Europe hospital capacity management solutions market.
Key Takeaways:
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. Real tine locating systems provide allows tracking of people or things in real time. In case of effective hospital management, real time locating systems can help in assuring safety of the healthcare facility, satisfaction of staff, and quality of the care provided to patients, and in turn increasing bottom line which is expected to support growth of the segment over the forecast period.
The bed management solution segment accounted for US$ 50.1 Mn in 2018, and is expected to reach US$ 81.2 Mn by 2027. Bed management solution helps in better management of bed allocation, and can effectively help in serving patients. Moreover, bed management softwares can help in providing all the details of a patient from admission till discharge.
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, and France respectively.