FMI, an ESOMAR-certified market research firm, states that the global hospital capacity management solutions market will reach US$ 994 Mn in 2020, growing at 5% y-o-y in 2020. Adoption of hospital capacity management solutions is seen amongst large patient care facilities for rendering a smooth workflow in terms of downtime as well as cost. This factor is expected to drive the hospital capacity management solutions market in the forecast period.
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Key Takeaways of Hospital Capacity Management Solutions Market Study
- RTLS (Real time locating system) accounted for around 34% of hospital capacity management solutions market in 2019 and is expected to continue with being top-seeded in the forecast period
- Cloud-based hospital capacity management solution contributed for around 3/5th of market value share in 2019
- Cumulatively, North America and Europe contributed for more than 70% of the total share of the hospital capacity management solutions market in 2019
- Countries such as Brazil, China, South Africa, and India are expected to are emerging as lucrative markets, but pale in comparison to US and Europe
Hospital Capacity Management Solutions Market
Expansive Prominence in the hospital capacity management solutions market
Taking the expansive way of growth helps in strengthening the solutions’ and software’s portfolio; as e-Health has picked up pace looking at the accuracy and need for data management.
- STANLEY Healthcare, in May 2020, announced the assimilation of AeroScout Real-Time Location System (RTLS) with certification from Cisco DNA Spaces. The objective of this move is to table economic solution across the healthcare industry
- Allscripts has its “2bPrecise” platform that takes in clinical information from the EHR preferred by client along with genomic/genetic data from the molecular labs, thereby giving a comprehendible patient record. This gives precise diagnoses at a faster rate.
- TeleTracking Technologies have their Capacity Management Suite with PreAdmitTracking with electronic bedboard to enable patient access as well as placement
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