Hospital Bed Management Systems Market 2025-2034: Key Highlights, Growth Dynamics, and Emerging Trends
Discover trends, market shifts, and competitive outlooks for the hospital bed management systems industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Has the Hospital Bed Management Systems Market Growth Performance Trended Historically, And What Lies Ahead?
Recent years have seen a swift expansion in the scope of the hospital bed management systems market. The market will see an escalation from $2.17 billion in 2024 to $2.39 billion in 2025, growing at a compound annual growth rate (CAGR) of 10.2%. The surge experienced in the preceding years is mainly due to the needs of the aerospace industry, automotive weight reduction projects, the evolution of renewable energy infrastructure, applications within the marine industry, and the demand in sports and leisure equipment sectors.
It is anticipated that the market size for hospital bed management systems will experience robust growth in the coming years, reaching $3.48 billion by 2029 with a compound annual growth rate (CAGR) of 9.8%. The expansion expected in the forecast timeframe is linked to the proliferation of electric vehicles, the broadening wind energy sector, infrastructure redevelopment programs, an intensified focus on sustainable builds, and applications in the medical industry. Noteworthy trends projected for the forecast duration encompass advancements in manufacturing methodologies, pioneering developments in material composition, the widening usage in renewable energy, burgeoning construction and infrastructure market, and the escalating adoption in the automobile production sector.
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Which Primay Drivers Are Accelerating Growth in the Hospital Bed Management Systems Market?
The expectation of a rise in hospital admissions is seen as a driving factor for the growth of the hospital bed management systems market. Hospitalizations signify the admission of a patient into a healthcare facility or hospital for remedial care, supervision, and treatment. The purpose of hospital bed management systems in the process of hospitalization is to manage the allocation of hospital beds and resources effectively and efficiently for those needing inpatient care. For instance, an increase of 12% was seen in both the overall ventilator-associated events (VAE) and in Intensive Care Units (ICUs), including a 16% rise in non-ICUs, according to the HAI (Healthcare-Associated Infections) Progress Report published by the CDC (Centers for Disease Control and Prevention) in November 2022. This upsurge in hospital admissions is triggering the growth of the hospital bed management systems market. A boost in healthcare expenditure is expected to drive forward the growth of the hospital bed management systems market. Healthcare expenditure denotes the total finance dedicated to the healthcare industry in a specific country, region, or organization. This increased spending can lead to the incorporation of more sophisticated HBMS, improving efficiency, patient care, resource optimization, and impacting bed capacity. An increase in funding can aid the integration of HBMS resulting in better resource utilization. As an example, a report by the Office for National Statistics in May 2023 stated that the UK’s healthcare expenditure grew by 5.6% between 2022 and 2023, a significant leap compared to the growth of 0.9% in 2022. The total expenditure on healthcare in the UK came to approximately $317.63 billion (£292 billion) in 2023. Thus, it can be seen that growth in healthcare expenditure propels the growth of the hospital bed management systems market.
Which Primary Segments of the Hospital Bed Management Systems Market Are Driving Growth and Industry Transformations?
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
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Which Regions Are Key Players in the Growth of 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.
Which Technological Trends Are Reshaping the Hospital Bed Management Systems Industry Dynamics?
Key players in the hospital bed management systems market are using strategic collaborations to create cutting-edge solutions and gain an upper hand in the market. Strategic partnerships are cooperative agreements between two or more entities with the common goal of achieving benefits that would be challenging or unattainable on their own. For example, TeleTracking Technologies, a healthcare operations platforms specialist from the US, launched electronic bed management systems in August 2023. Their comprehensive system provides real-time updates on bed availability and patient status, improving patient flow and capacity management by automating patient placement and bed turnover processes. This reduces idle bed time and enhances efficiency. Through predictive analytics, it is possible to forecast future bed needs, enabling hospitals to better allocate resources. Communication between departments is greatly improved, reducing delays and bottlenecks, and ensuring timely and satisfactory patient care. In a similar fashion, Maidstone and Tunbridge Wells NHS Trust has adopted a new bed management system, which has notably improved bed turnaround times and the level of patient care. These technologies optimize interdepartmental communication, lower waiting times and enhance hospital procedures.
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What Parameters Are Used to Define the Hospital Bed Management Systems Market?
Hospital bed management systems (HBMS) are software and technology solutions designed to optimize the allocation, tracking, and efficient utilization of hospital beds within healthcare facilities. These systems are used to enhance patient care, improve hospital operations, and maximize bed availability.
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