Hospital Bed Management Systems Market Growth Outlook Through 2024-2033

Overview and Scope
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.

Sizing and Forecast
The hospital bed management systems market size has grown rapidly in recent years. It will grow from $1.97 billion in 2023 to $2.17 billion in 2024 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 $3.16 billion in 2028 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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Segmentation & Regional Insights
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

North America was the largest region in the hospital bed management systems market in 2023. 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.

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Major Driver Impacting Market Growth
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 between 2020 and 2021. Therefore, the rise in hospitalization is driving the growth of the hospital bed management systems market.

Key Industry Players
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</b

The hospital bed management systems market report table of contents includes:

1. Executive Summary
2. Hospital Bed Management Systems Market Characteristics
3. Hospital Bed Management Systems Market Trends And Strategies
4. Hospital Bed Management Systems Market – Macro Economic Scenario
5. Global Hospital Bed Management Systems Market Size and Growth
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32. Global Hospital Bed Management Systems Market Competitive Benchmarking
33. Global Hospital Bed Management Systems Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hospital Bed Management Systems Market
35. Hospital Bed Management Systems Market Future Outlook and Potential Analysis
36. Appendix

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