Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Hospital Capacity Management Market size was valued at USD 3.88 billion in 2024 and is expected to reach USD 9.81 billion by 2037, registering around 7.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of hospital capacity management is assessed at USD 4.12 billion.
The growth of the market can be attributed to factors, such as, rising demand for better hospital management capacity, and need for reduction in healthcare expenditure, along with increasing awareness of patient care and safety. Moreover, significant advancement in medical technology, rising geriatric population across the globe, and higher prevalence of chronic diseases are expected to boost the market growth. A report published by the National Library of Medicine (NLM) showed that one out of three people have some type of chronic disease globally, meanwhile, in 2019, approximately 17 million deaths were noticed on account of cardiovascular diseases across the globe. Hospital capacity management, shortly known as HCM, is a system to provide better monitoring process for patients and make maximum utilization of available resources. Furthermore, the growth of the market is also interlinked with the growth of the multiple medical technologies, such as, MRI scanners, stethoscopes, heart monitors, hypodermic, blood cuffs, hypodermic, EKG machines, and others. For instance, in 2020, the global medtech industry amounted to about USD 350 billion.
Hospital Capacity Management Sector: Growth Drivers and Challenges
Growth Drivers
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Increasing Demand for Enhanced Hospital Management Capacity
- Requirement of Reduction in Healthcare Expenditure
- Rising Awareness of Patient Care and Safety
- Rising Cases of Chronic Diseases
Challenges
- Lack of Awareness regarding Hospital Capacity Management
- Certain Behavioral Boundaries
Hospital Capacity Management Market: Key Insights
2023 |
|
Forecast Year |
2024–2036 |
CAGR |
7.4% |
Base Year Market Size (2023) |
USD 3.61 billion |
Forecast Year Market Size (2036) |
USD 9.13 billion |
Regional Scope |
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Hospital Capacity Management Segmentation
The market is segmented by delivery mode into cloud-based and on-premise, out of which, the cloud-based segment is anticipated to hold the notable share in the global hospital capacity management market during the forecast period on account of its agreeable expandability. Cloud-based services are utilized more frequently owing to their on-demand availability feature, enhanced personalized care, and better workflow.
Our in-depth analysis of the global market includes the following segments:
Product |
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Delivery Mode |
|
Component |
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End-User |
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Customize this ReportHospital Capacity Management Industry - Regional Synopsis
Regionally, the hospital capacity management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. North America industry is likely to hold largest revenue share by 2037, on the back of growing geriatric population, increasing population with chronic diseases, rising government initiatives to reduce the healthcare expenditure, and increasing visits of people to the hospitals. Based on the data provided by National Health Council, it was stated that approximately 133 million people in the North Americans summing up to 40% of the total population of the region have some sort of chronic disease. The prevalence of chronic diseases is extremely high in the region. Furthermore, the rising geriatric population in the region with multiple diseases also projected to hike the growth of the market over the forecast period. For instance, according the data by the World Bank, the geriatric population (aged 65 or above) in North America touched 62,018,091 in 2020, while in U.S., it was 53.131 million.
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Companies Dominating the Hospital Capacity Management Landscape
- Koninklijke Philips N.V.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Asahi Kasei Advance Corporation
- Medtronic plc
- Advance Monitored Caregiving, Inc.
- Cerner Corporation
- Teladoc Health, Inc.
- Medvivo Group Limited
- Cisco Systems, Inc.
- American Well Corporation
- ClearArch, Inc.
In the News
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April 6, 2022: AMC health introduces rebranding of visual identity together with Telehealth, a virtual care service provider, and the launch of updated corporate website.
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July 20, 2021: Medvivo acquires two noteworthy awards in Best Stakeholder categories and Best Offline Worker in the annual Interact Excellence Award 2021 for employee engagement, digital workplace strategy, and other innovative internal communication.
Author Credits: Radhika Pawar
- Report ID: 168
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT