Hospital Bed Management Systems Industry Growth Expected to Reach $3.48 Billion by 2029 at a CAGR of 9.8% | Segmentation and Growth Opportunities
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What Is the Forecast for the Hospital Bed Management Systems Market Growth in 2025?
In recent times, there has been a swift expansion in the market size of hospital bed management systems. It’s projected that the value will inflate from $2.17 billion in 2024 to $2.39 billion in 2025, growing at a compound annual growth rate (CAGR) of 10.2%. This increase during the historical period can be linked to demands from the aerospace industry, efforts in automotive weight reduction, developments in renewable energy infrastructure, applications in the marine industry, as well as sports and leisure equipment needs.
What Is the Forecast for the Hospital Bed Management Systems Market Size Through 2029?
It is anticipated that the market size for hospital bed management systems will witness robust expansion in the coming years. The market is predicted to surge to $3.48 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.8%. Various factors can account for this growth in the forecast period, such as the rise of electric vehicles, the burgeoning wind energy sector, infrastructure rejuvenation projects, an emphasis on green construction, and applications in the healthcare sector. The upcoming trends for the forecast period encompass advances in production technology, material composition innovations, widening applications in renewable energy, expanding growth in construction and infrastructure, and heightened utilization in automotive manufacturing.
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What are the Key Market Players in Hospital Bed Management Systems Market and How They’re Evolving?
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
What Are the Primary Growth Drivers in the Hospital Bed Management Systems Market?
A rise in hospital admissions is predicted to fuel the expansion of the hospital bed management systems market. Hospitalizations, or the act of admitting a patient to a healthcare facility for medical care, use the support of hospital bed management systems. These systems help optimally allocate resources, like hospital beds to patients in need of inpatient care. As per a report by the Healthcare-Associated Infections (HAI) issued in November 2022 by the Centers for Disease Control and Prevention (CDC), there was a 12% rise in Ventilator-associated events (VAE) in general, with a similar increase in intensive care units (ICUs) and a 16% surge in non-ICUs. Thus, the growing rate of hospitalizations is contributing to the growth of the hospital bed management systems market. Market Driver for Hospital Bed Management Systems Market: A Rise in Healthcare Expenditures Fuels Market Growth
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What Are the Leading Segments in the Global Hospital Bed Management Systems Industry?
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
What Are the Key Market Trends in the Hospital Bed Management Systems Industry?
Key corporations in the hospital bed management systems market are prioritizing strategic collaborative deals to advance their solutions and gain a competitive edge. This kind of partnership is a mutual pact between two or more organizations aimed at reaping shared benefits, the attainment of which would be arduous or impossible individually. For example, in August 2023, US-based company TeleTracking Technologies, known for their prowess in healthcare operation platforms, unveiled an all-inclusive system to enhance patient flow and capacity management. The new system provides real-time updates on bed availability and patient’s status, eases bed turnover, patient allocation tasks and lessens idle bed time thus, boosting efficiency. Predictive analytics enables the forecasting of future bed needs, facilitating resource adjustment in hospitals. The strengthened interdepartmental communication eliminates hold-ups and traffic jams, providing the patients with prompt and suitable care which thereby enhances their overall experience. Likewise, Maidstone and Tunbridge Wells NHS Trust instituted a novel bed management system leading to significant improvements in bed turnaround times and patient care. Such innovations facilitate departmental communication, lessen wait times, and better overall hospital procedures.
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What Is the Regional Outlook for 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.
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This Report Delivers Insight On:
1. How big is the hospital bed management systems market, and how is it changing globally?
2. Who are the major companies in the hospital bed management systems market, and how are they performing?
3. What are the key opportunities and risks in the hospital bed management systems market right now?
4. Which products or customer segments are growing the most in the hospital bed management systems market?
5. What factors are helping or slowing down the growth of the hospital bed management systems market?
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