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Hospital Bed Management Systems Market

Hospital Bed Management Systems Market Size, Share & Trends Analysis Report By End-User (Large-sized Hospital, Mid-sized Hospital, Specialized Facilities and Clinics), By Deployment (Cloud & Web Based, On-premises), By Region, And By Segment Forecasts, 2023-2031

Report ID : 2097 | Published : 2024-05-16 | Pages: 179 | Format: PDF/EXCEL

Hospital Bed Management Systems Market Size is valued at USD 1.86 Bn in 2022 and is predicted to reach USD 4.18 Bn by the year 2031 at a 9.5% CAGR during the forecast period for 2023-2031.

hospital bed management

Hospital bed management systems are software and technology solutions that help healthcare facilities optimize the allocation and administration of hospital beds and other resources. These systems serve a crucial role in augmenting patient care, promoting operational efficiency, and ensuring healthcare providers' ability to successfully satisfy patient needs.

The primary factors responsible for market expansion are the rising occurrence of chronic and infectious diseases, the increasing geriatric population, and the increasing adoption of real-time bed management in hospitals. Furthermore, rising awareness of hospital-friendly and user-friendly software for smooth bed allotment operations, as well as an increase in the number of hospitals and clinics, are driving market expansion. As a result, there will be an increased need for hospital bed management systems in the near future. Furthermore, the hospital bed management system provides real-time information on bed availability with color codes and assists hospital staff in managing the growing number of patient admissions.

However, the COVID-19 pandemic has shown to be an unmatched global public health issue, affecting practically every industry and is projected to impact every industry's growth during the forecast period. Around the world, there have been several shifts in customer demand and behaviour, purchasing patterns, supply chain redirection, and significant government interventions.

Competitive Landscape

Some Major Key Players In The Hospital Bed Management Systems Market:

  • Epic Systems Corporation
  • GE Healthcare
  • CentralSquare Technologies
  • Advanced Data Systems
  • Lyngsoe Systems A/S
  • The Access Group
  • EMIS Health
  • TeleTracking Technologies, Inc.
  • SAP
  • IMS MAXIMS
  • Blueberry Health
  • Wise Technologies Ltd.
  • HospitalRun
  • Cognosys
  • Patient Focus Systems
  • SARU TECH
  • Other Market Players

Market Segmentation:

The Hospital Bed Management Systems Market is segmented based on End-Users and deployment. Based on End-Users, the market is segmented as Large-sized Hospital, Mid-sized Hospital, Specialized Facilities and Clinics. The deployment segment includes Cloud & Web Based and On-premises.

Based On End-User, The Large-sized Hospital Segment Is Accounted As A Major Contributor In The Hospital Bed Management Systems Market. 

The Large-sized Hospital category is expected to hold a major share in the global Hospital Bed Management Systems Market in 2022. The increase is attributed to an increase in admissions at healthcare facilities. Large-sized hospitals have capacity to accomodate more number of patients hence bed mangament systems are in demand.

Cloud & Web Based Segment To Witness Growth At A Rapid Rate.

The segment, Cloud & Web is projected to grow rapidly in the global Hospital Bed Management Systems Market. The increased adoption of cloud solutions in clinics to improve efficacy and lower costs is related to the growth. Cloud solutions provide scalability, allowing healthcare organizations to effortlessly change or grow their software usage based on their needs. This flexibility enables them to better handle a growing hospital demand and serve a huge patient pool without considerable infrastructure investments. In addition, cloud computing allows for real-time data sharing, data modification, security, storage flexibility, and dependability. These factors contribute to the increasing popularity and demand for cloud-based hospital management systems, enabling healthcare organizations to streamline operations, improve patient care, and optimize resource utilization.

In The Region, The North America Hospital Bed Management Systems Market Holds A Significant Revenue Share.

The North America Hospital Bed Management Systems Market is expected to record the maximum market share in revenue in the near future. This is due to the rapid acceptance of technologically advanced products. Factors such as well-established infrastructure, widespread implementation of hospital bed management systems, and the presence of key market competitors in the region are driving regional expansion.

The Asia Pacific area is expected to increase significantly during the projection period. End-user awareness of computerized maintenance management systems (CMMS) is developing, opening up new market prospects. Furthermore, several governments are spending heavily on cloud and related healthcare technologies to support digital transformation, potentially increasing the Asia Pacific market.

Recent Developments:

  • In June 2023, Medway NHS Foundation Trust has partnered with TeleTracking UK to implement its new Care Co-ordination Centre, a centralised bed management and patient flow system. Underpinned by TeleTracking's operational electronic bed management platform, the Centre will give a dedicated team of nursing professionals and bed placement specialists real-time bed status visibility at Medway Maritime Hospital, the Trust's Gillingham-based hospital site that serves over 424,000 Kent and Medway residents.

Hospital Bed Management Systems Market Report Scope

Report Attribute

Specifications

Market Size Value In 2022

USD 1.86 Bn

Revenue Forecast In 2031

USD 4.18 Bn

Growth Rate CAGR

CAGR of 9.5 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Bn and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By End-User, By Deployment

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Epic Systems Corporation, GE Healthcare, CentralSquare Technologiesm, Advanced Data Systems, Lyngsoe Systems A/S, The Access Group, EMIS Health, TeleTracking Technologies, Inc., SAP, IMS MAXIMS, Blueberry Health, Wise Technologies Ltd., HospitalRun, Cognosys, Patient Focus Systems, SARU TECH, Others

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Hospital Bed Management Systems Market Snapshot

Chapter 4. Global Hospital Bed Management Systems Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By End-User Estimates & Trend Analysis

5.1. By End-User, & Market Share, 2019 & 2031

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By End-User:

5.2.1. Large-sized Hospital
5.2.2. Mid-sized Hospital
5.2.3. Specialized Facilities
5.2.4. Clinics

Chapter 6. Market Segmentation 2: By Deployment Estimates & Trend Analysis

6.1. By Deployment & Market Share, 2019 & 2031

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following By Deployment:

6.2.1. Cloud & Web Based

6.2.2. On-premises

Chapter 7. Hospital Bed Management Systems Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Hospital Bed Management Systems Market revenue (US$ Million) estimates and forecasts By End-User, 2019-2031

7.1.2. North America Hospital Bed Management Systems Market revenue (US$ Million) estimates and forecasts By Deployment, 2019-2031

7.1.3. North America Hospital Bed Management Systems Market revenue (US$ Million) estimates and forecasts by country, 2019-2031

7.2. Europe

7.2.1. Europe Hospital Bed Management Systems Market revenue (US$ Million) By End-User, 2019-2031

7.2.2. Europe Hospital Bed Management Systems Market revenue (US$ Million) By Deployment, 2019-2031

7.2.3. Europe Hospital Bed Management Systems Market revenue (US$ Million) by country, 2019-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Hospital Bed Management Systems Market revenue (US$ Million) By End-User, 2019-2031

7.3.2. Asia Pacific Hospital Bed Management Systems Market revenue (US$ Million) By Deployment, 2019-2031

7.3.3. Asia Pacific Hospital Bed Management Systems Market revenue (US$ Million) by country, 2019-2031

7.4. Latin America

7.4.1. Latin America Hospital Bed Management Systems Market revenue (US$ Million) By End-User, (US$ Million) 2019-2031

7.4.2. Latin America Hospital Bed Management Systems Market revenue (US$ Million) By Deployment, (US$ Million) 2019-2031

7.4.3. Latin America Hospital Bed Management Systems Market revenue (US$ Million) by country, 2019-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Hospital Bed Management Systems Market revenue (US$ Million) By End-User, (US$ Million) 2019-2031

7.5.2. Middle East & Africa Hospital Bed Management Systems Market revenue (US$ Million) By Deployment, (US$ Million) 2019-2031

7.5.3. Middle East & Africa Hospital Bed Management Systems Market revenue (US$ Million) by country, 2019-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles 

8.2.1. Epic Systems Corporation
8.2.2. GE Healthcare
8.2.3. CentralSquare Technologies
8.2.4. Advanced Data Systems
8.2.5. Lyngsoe Systems A/S
8.2.6. The Access Group
8.2.7. EMIS Health
8.2.8. TeleTracking Technologies, Inc.
8.2.9. SAP
8.2.10. IMS MAXIMS
8.2.11. Blueberry Health
8.2.12. Wise Technologies Ltd.
8.2.13. HospitalRun
8.2.14. Cognosys
8.2.15. Patient Focus Systems
8.2.16. SARU TECH
8.2.17. Others

Segmentation of Hospital Bed Management Systems Market-

Hospital Bed Management Systems Market By End-Users-

  • Large-sized Hospital
  • Mid-sized Hospital
  • Specialized Facilities
  • Clinics

 hospital bed management

Hospital Bed Management Systems Market By Deployment-

  • Cloud & Web Based
  • On-premises

Hospital Bed Management Systems Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Hospital Bed Management Systems Market Size?

Hospital Bed Management Systems Market is expected to grow at a 9.5% CAGR during the forecast period for 2023-2031.

Epic Systems Corporation, GE Healthcare, CentralSquare Technologiesm, Advanced Data Systems, Lyngsoe Systems A/S, The Access Group, EMIS Health, TeleT

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