Hospital Capacity Management Market Share

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.