Major Growth Boosting Factors:
The growth in hospital capacity management solutions market is driven by need for better capacity management in hospitals, need to curtail escalating healthcare costs and the advantages of capacity management solutions in enhancing patient care and safety. However, the high cost of deployment of these solutions, IT infrastructural constraints in developing countries, and issues related to data security and privacy are expected to restrain the growth of this market during the forecast period.
Expected Revenue Gains:
The global hospital capacity management solutions market is projected to reach USD 7.0 billion by 2026 from USD 3.2 billion in 2021, at a CAGR of 17.1% during the forecast period.
Market Size Estimation:
The total size of the hospital capacity management solutions market was arrived at after data triangulation from two different approaches, as mentioned below.
Approach to calculate the revenue of different players in the hospital capacity management solutions market
The size of the global hospital capacity management solutions market was obtained from annual reports, SEC filings, online publications, and extensive primary interviews. A percentage split was applied to arrive at the size of market segments. Further splits were applied to arrive at the size for each sub-segment. These percentage splits were validated by primary participants.
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Approach to derive the market size and estimate market growth
The market size and market growth were estimated through primary interviews on a regional and global level. All responses were collated, and a weighted average was taken to derive a probabilistic estimate of the market size and growth rate.
Global Leading Companies:
Cerner Corporation (US), McKesson Corporation (US), HealthStream (US), Stanley Healthcare (US), and Halma plc (US) are the key players operating in the hospital capacity management solutions market.
Other prominent players in this market include Infosys (India), Teletracking Technologies, Inc. (US), NextGen Healthcare (US), Allscripts Healthcare Solutions, Inc. (US), Epic Systems Corporation (US), Sonitor Technologies (US), Koninklijke Philips N.V. (Netherlands), Neusoft Corporation (China), Infinitt Healthcare Co., Ltd. (South Korea), JVS Group (India), Infor Systems (US), Care Logistics (US), WellSky (US), Simul8 Corporation (US), and Alcidion Corporation (Australia)
Cerner Corporation (US) was the largest player in the hospital capacity management solutions market in 2020. The company provides services for these solutions, such as consulting services, IT management & alignment, and network & security. Cerner’s leading position in the market can be attributed to its efficient sales network and expansion strategies in the US, Europe, Asia, and Latin America.
McKesson Corporation (US) is the second-leading player in the global hospital capacity management solutions market. The company focuses on innovating hospital capacity management solutions and improving its geographic presence to maintain its position as a leading player globally.
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