In-Depth Insights into the Hospital Bed Management Systems Market: Growth, Trends, and Opportunities for 2025-2034
Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What fueled the previous growth in the Hospital Bed Management Systems market?
The market size for hospital bed management systems has experienced swift expansion recently. The market that is projected to be worth $2.17 billion in 2024 will surge to $2.39 billion in 2025, representing a compound annual growth rate (CAGR) of 10.2%. The surge during the historical period is due to the demand from the aerospace industry, initiatives towards automotive lightweighting, the expansion of renewable energy infrastructure, applications within the marine industry, and sports and leisure equipment.
What will be the hospital bed management systems market size in the future?
Expectations are high for substantial expansion in the hospital bed management systems market over the coming years. By 2029, projections indicate it will reach $3.48 billion, expanding at a compound annual growth rate (CAGR) of 9.8%. This anticipated growth in the future duration can be linked to the rise of electric vehicles, the burgeoning wind energy sector, infrastructure renovation projects, an intensified focus on eco-friendly construction, and applications in the medical field. The forecast period will witness crucial trends such as advancements in manufacturing techniques, innovation in material formulation, growing applications in the renewable energy sector, market escalation in construction and infrastructure, and augmented adoption in automobile manufacturing.
Get your hospital bed management systems market report here!
What main drivers are fueling expansion in the hospital bed management systems market?
An upward trend in hospital admissions is speculated to accelerate the expansion of the hospital bed management systems market. The term hospitalization is associated with the admission of a patient into a healthcare institution for medical surveillance, treatment, or care. Throughout this procedure, hospital bed management systems play a crucial role in providing effective and efficient distribution of hospital beds and resources to those patients who are in need of inpatient care. For instance, in November 2022, a progress report generated by the HAI (Healthcare-Associated Infections) revealed that there was an overall increase of 12% in ventilator-associated events (VAE), including a 12% hike in intensive care units and a 16% rise in non-intensive care units, as reported by the Centers for Disease Control and Prevention (CDC), a nationwide public health agency based in the US. Hence, this elevation in hospital admission rates is fueling the growth of the market for hospital bed management systems. The hospital bed management systems market is projected to be propelled further by an escalation in healthcare expenditure. Here, healthcare expenditure implies the total resources attributed to the healthcare industry within a specific geographic location, establishment, or nation. A boost in this expenditure can pave the way for the integration of more sophisticated HBMS, leading to enhanced efficiency, superior patient care, optimal utilization of resources, and increased bed capacity. This augmented expenditure can back the introduction of HBMS and aid in the economical use of resources. As an illustration, a report disclosed by the Office for National Statistics, a government agency in the UK, stated in May 2023 that the UK’s healthcare expenditure witnessed a rise of 5.6% between 2022 and 2023, in comparison to a growth rate of 0.9% reported in 2022. The healthcare spending in the UK stood approximately at $317.63 billion (£292 billion) for the year 2023. Consequently, the increment in healthcare expenditure is driving the expansion of the hospital bed management systems market.
What key areas define the segmentation of the global hospital bed management systems market?
The hospital bed management systems market covered in this report is segmented –
1) By Component: Services, Software
2) By Mode Of Delivery: On-Premise, Cloud-Based
3) By Hospital Bed Management Systems Type: Acute Care Bed, Critical Care Bed, Long-Term Care Bed, Other Types
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Services: Consulting Services, Implementation Services, Training And Support Services
2) By Software: Bed Management Software, Patient Flow Management Software, Bed Occupancy And Allocation Software, Reporting And Analytics Software
Get your free sample now – explore exclusive market insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13456&type=smp
Who are the dominant players expanding their reach in the hospital bed management systems market?
Major companies operating in the hospital bed management systems market report are McKesson Corporation, Oracle Corporation, SAP SE, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare Technologies Inc., Infor Inc., Epic Systems Corporation, Getinge AB, Oracle Cerner, Veradigm Inc., Kronos Incorporated, Omnicell Inc., athenahealth Inc., Medical Information Technology Inc., CentralSquare Technologies LLC, Mcleod Health Services Inc., Egton Medical Information Systems Limited, CareCloud Corporation, Lyngsoe Systems A/S, Advanced Data Systems Corporation, PatientKeeper Inc., Siemens Healthcare GmbH, Central Logic Inc., LeanTaaS Inc., Terawe Corporation, TeleTracking Technologies Inc., The Access Group
How are evolving market trends shaping hospital bed management systems Strategies?
Leading corporations in the hospital bed management systems sector are strategically partnering to create breakthrough solutions and stand out in the industry. Strategic partnerships entail a cooperative deal between two or more firms aimed at fulfilling shared advantages that would otherwise be challenging or impossible to achieve independently. For example, in August 2023, TeleTracking Technologies, a firm based in the US that focuses on healthcare operations platforms, brought forward electronic bed management systems that provide real-time data on bed availability and patient status. This advancement in bed management not only mechanizes bed turnover and patient placement processes but also decreases the duration of bed inactivity and boosts efficiency. Predictive analytics are utilized to foresee future bed needs, which then enables hospitals to reallocate resources as necessary. Inter-departmental communication is improved, reducing hold-ups and resulting in timely and appropriate patient care, thereby enhancing their overall experience. Similarly, Maidstone and Tunbridge Wells NHS Trust established a new bed management system, effectively improving bed turnover rates and patient care. These technologies better the communication between various departments, decrease waiting periods and significantly improve overall hospital functions.
Unlock exclusive market insights – purchase your research report now for a swift delivery!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13456
Which regions are emerging as leaders in the hospital bed management systems market?
North America was the largest region in the hospital bed management systems market in 2024. The regions covered in the hospital bed management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Browse Through More Similar Reports By The Business Research Company:
Video on Demand in Hospitality Global Market Report 2024
Hospital EMR Systems Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/hospital-emr-systems-global-market-report
Hospitality Property Management Software Global Market Report 2024
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.
Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at [email protected]
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
