Hospital Capacity Management Market Size

Hospital Capacity Management Market size was over USD 3.61 billion in 2023 and is anticipated to reach USD 9.13 billion by 2036, witnessing around 7.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of hospital capacity management is estimated at USD 3.82 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.