Research Nester published a report titled “Hospital Capacity Management Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers a detailed overview of the global hospital capacity management market in terms of market segmentation by product type, delivery mode, component, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.
The global hospital capacity management market is projected to grow at a CAGR of ~25% by attaining a remarkable revenue during the forecast period, i.e., 2022 – 2031. The growth of the market is ascribed to factors such as, rising cases of chronic diseases worldwide, and significant advancement in medical technology. Hospital capacity management is a system that facilitates enhanced monitoring procedures for patients and maximize the utilization of available resources. According a report provided by National Library of Medicine (NLM), about 17 million people lost their lives due to some sort of chronic diseases globally. Moreover, requirement for decreasing healthcare expenditure, escalating demand for hospital management capacity, and growing geriatric population are some other major factors estimated to propel the market growth.
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Additionally, global hospital capacity management market is segmented by delivery mode, into cloud-based and on-premise. Out of these sub-segments, cloud-based segment is estimated to grow during the forecast period on the back of its versatile expandability. Cloud-based services are very helpful to improve the medical healthcare services owing to their on-demand availability.
Furthermore, by region, the global hospital capacity management market is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market is anticipated to grow at a significant pace in the North America region during the forecast period. The market in the region is projected to grow on the back of rising population with chronic diseases, increasing geriatric population, and escalating visits of people to the hospital on account of rising awareness toward health. A report provided by National Health Council showed that about 133 million Americans suffer from multiple chronic diseases that sums up to 40% of the total population.
The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.
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Growing Medical Technology Industry to Hike the Growth of the Market
In 2020, the global med tech industry was valued at approximately USD 350 billion.
The growth of the global hospital capacity management market is projected to be interlinked with the growth of medical technology industry. Medical technology industry comprises all the medical services and product to improve the health of the patients by monitoring, diagnosing, treating, and preventing diseases. Such factors are anticipated to foster the growth of the market throughout the forecast period.
However, lack of awareness of hospital capacity management and particular behavioral boundaries are expected to operate as a key restraint to the growth of the global hospital capacity management market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global hospital capacity management market which includes company profiling of Koninklijke Philips N.V., Asahi Kasei Advance Corporation, Medtronic plc, Advance Monitored Caregiving, Inc., Cerner Corporation, Teladoc Health, Inc., Medvivo Group Limited, Cisco Systems, Inc., American Well Corporation, and ClearArch, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global hospital capacity management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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