The Hospital Bed Management Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Hospital Bed Management Systems Global Market Report 2024, The hospital bed management systems market size has grown rapidly in recent years. It will grow from $1.97 billion in 2023 to $2.17 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to aerospace industry demand, automotive lightweighting initiatives, renewable energy infrastructure development, marine industry applications, sports and leisure equipment.
The hospital bed management systems market size is expected to see strong growth in the next few years. It will grow to $3.16 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to electric vehicle growth, expansion in wind energy sector, infrastructure rehabilitation projects, increased focus on sustainable construction, medical industry applications. Major trends in the forecast period include advancements in manufacturing technologies, innovations in material composition, expanding applications in renewable energy, market growth in construction and infrastructure, increased adoption in automotive manufacturing.
The rise in hospitalization is expected to propel the growth of the hospital bed management systems market. Hospitalization refers to the process of admitting a patient to a hospital or healthcare facility for medical treatment, care, and monitoring. Hospital bed management systems are used in the hospitalization process to ensure the efficient and effective allocation of hospital beds and resources to patients who require inpatient care. For instance, in November 2022, according to the HAI (Healthcare-Associated Infections) Progress Report published by the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, there was a 12% increase in ventilator-associated events (VAE) overall, including a 12% increase in intensive care units (ICUs) and a 16% increase in non-ICUs between 2020 and 2021. Therefore, the rise in hospitalization is driving the growth of the hospital bed management systems market.
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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
Major companies operating in the hospital bed management systems market are focusing on adopting strategic partnerships to develop advanced solutions and gain a competitive edge in the market. A strategic partnership is a collaborative agreement between two or more organizations designed to achieve mutually beneficial goals that would be difficult or impossible to achieve alone. For instance, in October 2021, GE HealthCare Partners, a US-based healthcare consulting firm, in partnership with Oregon-based Apprise Health Insight, a US-based provider of data collection and analytics in the areas of hospital utilization and financials, launched an automated hospital bed management tool. It is a first-of-its-kind tool for addressing hospital capacity and critical resource management. With the help of a Department of Health and Human Services grant, the tool’s automated tracking and recording of bed availability data aims to mitigate capacity difficulties resulting from the COVID-19 pandemic. It is designed to automatically track and manage 7,368 beds and around 800 ventilators across 60 hospitals, processing 4.2 million data points per day. The goal is to help health organizations make timely, informed decisions about staffing and resources.
The hospital bed management systems market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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