Global Hospital Bed Management Market Size, Trends & Analysis - Forecasts to 2026 By Type of Subscription (Monthly and Annual Subscription) By Deployment (On-Premise Based, and Cloud-Based), By Type of Bed (Acute Care Bed, Critical Care Bed and Long-Term Care Bed), By Application (Multi-Specialty Hospitals and Independent & Private Clinics), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
The rising prevalence of lifestyle disorders, airborne and water-borne diseases, seasonal infections, and hard-hit of COVID-19 pandemic has urged hospitals to increase their bed size and as well accommodate an increasing number of patient admission. The rise in several bed sizes has led to the increasing demand for computerized monitoring and management of number beds, patient registration, type of bed allotment, and bed discharge management in most of the urban hospitals and ambulatory care centers. Hence, the high incidence of diseases is directly proportional to the increasing demand or need for centralized hospital bed management systems. Such software not only helps in assigning a bed to the patient, but also help the user with data analytics of the type of beds used, and the number of beds occupied in the graphical presentation format. Information on real-time bed availability with different color codes helps most of the staff to manage the increasing number of patient admission.
The market will grow exponentially owing to major driving factors such as the rising need for automation in hospital management especially patient registration and bed management, rising prevalence of COVID-19 patients who require life-support or critical bed in intensive care units across the globe, increasing demand for patient-centric healthcare service in urban hospitals, and high prevalence of infections and diseases that require more than 1-day bed allotment in hospitals.
Based on the payment option, the software can be classified into monthly, and annual subscription models. This software works in offline mode and hence require payments only for the installation and post-sale service. The monthly subscription model will be growing faster and attaining the highest market value in terms of revenue sales. The trend is set mostly due to rising awareness and adoption of healthcare IT products and solutions to monitor and control the rising demand for hospital beds and patient admission.
By mode of deployment, the market is split into on-premise and cloud-based systems. The cloud segment will be the fastest-growing segment owing to the benefits it offers in terms of real-time data manipulation, data sharing, storage flexibility, reliability, security, cost-effectiveness.
Based on the type of beds available in the hospitals, the software can be classified into acute care, critical care, and long-term care bed. Owing to increasing patient admission for acute care i.e. admission for 1-3 days in the hospitals, acute care would be the dominant segment in the market.
Based on the application or the end-user of this market, multi-specialty hospitals, independent & private clinics are the two major users of the software. The segment of multi-specialty hospitals will have a higher CAGR value in comparison with the latter one, mostly due to high-end education and knowledge on software-based applications for hospital efficiency and the rising number of patient admission cases due to COVID-19 hit.
Rising adoption and awareness regarding digitization in the hospital bed set, increasing product launch, and the presence of major players in the North American region, have helped this region to be the dominant region in the market. However, due to the rising patient population, the increasing number of new hospitals, the high incidence of lifestyle disorders and deadly infections, and the increasing prevalence of COVID-19 across the globe, the market for the Asia Pacific would be growing the fastest.
IMS MAXIMS, ACG Infotech Limited, Advanced Data Systems Corporation, Central Square, Uniwide, Cognosys, Hospital Run, Blueberry Health, Wise Technologies, Patient Focus Systems, MocDoc, ITDOSE INFOSYSTEMS Pvt. Ltd., Servelec, SYSTEMATIC, Patient Focus Systems, Christie Innomed, OM Infotech Solutions, AIMDek Technologies Private Limited, SoftClinic, and CloudPital among others are the top players of the hospital bed management market.
Please note: This is not an exhaustive list of companies profiled in the report.
In March 2020, Definitive Healthcare entered into a partnership with Esri to launch an interactive data platform software that allows hospitals and people to analyze and monitor US hospital bed capacity and help in bed allotment.
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The Global Hospital Bed Management Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Hospital Bed Management Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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