The bed management solution isthe core operational activity especially in hospitals and healthcare centers.It involves constant monitoring hospital admissions, discharge of patients aswell as the patient movement within the hospitals to gather and analyze bed availabilityacross the hospital.
EuropeHospital Capacity Management Solutions Market is estimated to account forUS$ 276.6 Mn in terms of value in 2019 and is expected to reach US$ 435.7 Mn bythe end of 2027.
Europe Hospital Capacity ManagementSolutions Market: Drivers
Increasing prevalence of chronicdiseases is expected to lead to high number of hospitalization, thereby aidinggrowth of Europe hospital capacity management solutions market. For instance,according to the International Diabetes Federation, 59,322,100 suffered fromdiabetes in Europe in 2019, and the number is expected to reach 68,121,400 in2045.
Europe Hospital CapacityManagement Solutions Market: Opportunities
Use of predictive analytics tobetter predict availability of beds is expected to offer lucrative growthopportunities for players in the market. Predictive analytics improvesoperational efficiency and effectiveness and improves the bottom line forhospitals.
Europe Hospital Capacity ManagementSolutions Market: Restraints
High cost of installation andequipment and dearth of skilled healthcare professionals in developing andunder developed countries are some of the factors that are expected to hindergrowth of Europe hospital capacity management solutions market.
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Key Takeaways:
Real Time Locating System segmentin Europe hospital capacity management solutions market was valued at US$ 96.2Mn 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 trackingof people or things in real time. In case of effective hospital management,real time locating systems can help in assuring safety of the healthcarefacility, satisfaction of staff, and quality of the care provided to patients,and in turn increasing bottom line which is expected to support growth of thesegment over the forecast period.
The bed management solutionsegment accounted for US$ 50.1 Mn in 2018, and is expected to reach US$ 81.2 Mnby 2027. Bed management solution helps in better management of bed allocation,and can effectively help in serving patients. Moreover, bed managementsoftwares can help in providing all the details of a patient from admissiontill discharge.
U.K. held dominant position inEurope hospital capacity management solutions market in 2018, accounting for20.9% share in terms of value, followed by Germany, and France respectively.
Increasing prevalence of diseasesand subsequent hospitalizations is expected to support growth of the U.K.hospital capacity management solutions market over the forecast period. Aspatient flow increases, hospitals would require better solutions to optimizeresources, and improve medical care which is expected to spur hospitals toemploy hospital capacity management solutions. For instance, according toNational Health Service (NHS), 2019, approximately 17.1 Mn finished admissionepisodes were recorded in 2018 – 2019 in UK.
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Market Trends
Major players in the market arefocused on expanding their services. For instance, in June 2018, CenTrak announcedthe transfer of select assets of Awarepoint to its subsidiary Clinical PatentsLLC (CPLLC) in order to expand CenTrak’s market-leading IoT Location andSensing services with the addition of Bluetooth Low Energy (BLE) sensortechnology.
Major players in the market arealso focused on launching new products to expand their product portfolio. Forinstance, in August 2018, Care Logistics announced a new suite of servicesavailable to hospitals and health systems that enable those hospitals to makeimprovements in patient flow and operations.
Europe Hospital CapacityManagement Solutions Market: Competitive Landscape
Major players operating in Europehospital capacity management solutions market include, Awarepoint Corporation,Allscripts Healthcare Solutions, Inc., Cerner Corporation, McKessonCorporation, Epic Systems Corp., TeleTracking Technologies, Inc., Central Logic,Inc., Sonitor Technologies, Inc., and STANLEY Healthcare Solutions Limited.
Europe Hospital CapacityManagement Solutions Market: Key Developments
January 2020: Cerner Corporationannounced to present at the 38th Annual J.P. Morgan Healthcare Conference inSan Francisco
July 2019: B. Braun Medical Inc.announced the integration of its Space Infusion Pump Systems with TeleTrackingTechnologies, Inc.’s RTLS Asset Tracking solution
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