How much is the hospital bed management systems market worth, and how is it expected to expand?
The hospital bed management systems market size has grown rapidly in recent years. It will grow from $2.17 billion in 2024 to $2.39 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to aerospace industry demand, automotive lightweighting initiatives, renewable energy infrastructure development, marine industry applications, sports and leisure equipment.
The hospital bed management systems market size is expected to see strong growth in the next few years. It will grow to $3.48 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to electric vehicle growth, expansion in wind energy sector, infrastructure rehabilitation projects, increased focus on sustainable construction, medical industry applications. Major trends in the forecast period include advancements in manufacturing technologies, innovations in material composition, expanding applications in renewable energy, market growth in construction and infrastructure, increased adoption in automotive manufacturing.
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What are the top drivers to the rising demand in the hospital bed management systems market?
The rise in hospitalization is expected to propel the growth of the hospital bed management systems market. Hospitalization refers to the process of admitting a patient to a hospital or healthcare facility for medical treatment, care, and monitoring. Hospital bed management systems are used in the hospitalization process to ensure the efficient and effective allocation of hospital beds and resources to patients who require inpatient care. For instance, in November 2022, according to the HAI (Healthcare-Associated Infections) Progress Report published by the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, there was a 12% increase in ventilator-associated events (VAE) overall, including a 12% increase in intensive care units (ICUs) and a 16% increase in non-ICUs. Therefore, the rise in hospitalization is driving the growth of the hospital bed management systems market.
How is the hospital bed management systems market segmented?
The hospital bed management systems market covered in this report is segmented –
1) By Component: Services, Software
2) By Mode Of Delivery: On-Premise, Cloud-Based
3) By Hospital Bed Management Systems Type: Acute Care Bed, Critical Care Bed, Long-Term Care Bed, Other Types
4) By End User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Services: Consulting Services, Implementation Services, Training And Support Services
2) By Software: Bed Management Software, Patient Flow Management Software, Bed Occupancy And Allocation Software, Reporting And Analytics Software
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Who are the top competitors in the hospital bed management systems market?
Major companies operating in the hospital bed management systems market report are McKesson Corporation, Oracle Corporation, SAP SE, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare Technologies Inc., Infor Inc., Epic Systems Corporation, Getinge AB, Oracle Cerner, Veradigm Inc., Kronos Incorporated, Omnicell Inc., athenahealth Inc., Medical Information Technology Inc., CentralSquare Technologies LLC, Mcleod Health Services Inc., Egton Medical Information Systems Limited, CareCloud Corporation, Lyngsoe Systems A/S, Advanced Data Systems Corporation, PatientKeeper Inc., Siemens Healthcare GmbH, Central Logic Inc., LeanTaaS Inc., Terawe Corporation, TeleTracking Technologies Inc., The Access Group
What significant trends should we anticipate in the hospital bed management systems market over the forecast period?
Major companies operating in the hospital bed management systems market are focusing on adopting strategic partnerships to develop advanced solutions and gain a competitive edge in the market. A strategic partnership is a collaborative agreement between two or more organizations designed to achieve mutually beneficial goals that would be difficult or impossible to achieve alone. For instance, in August 2023, TeleTracking Technologies, a US-based company specializing in healthcare operations platforms, offered a comprehensive system that provides real-time updates on bed availability and patient status launched electronic bed management systems to improve patient flow and capacity management by automating bed turnover and patient placement processes, reducing idle bed time, and increasing efficiency. Predictive analytics help anticipate future bed demand, allowing hospitals to adjust resources accordingly. Enhanced communication across departments reduces delays and bottlenecks, ensuring timely and appropriate care for patients and improving their overall experience. Similarly, Maidstone and Tunbridge Wells NHS Trust implemented a new bed management system that significantly improved bed turnaround times and patient care. These technologies streamline communication across departments, reduce wait times, and enhance overall hospital operations.
Which regional trends are influencing the hospital bed management systems market, and which area dominates the industry?
North America was the largest region in the hospital bed management systems market in 2024. The regions covered in the hospital bed management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Hospital Bed Management Systems Market Report 2025 Offer?
The hospital bed management systems market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Hospital bed management systems (HBMS) are software and technology solutions designed to optimize the allocation, tracking, and efficient utilization of hospital beds within healthcare facilities. These systems are used to enhance patient care, improve hospital operations, and maximize bed availability.
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