Hospital Bed Management Systems Market - By Deployment Mode (Cloud & Web-based, On-premises), By Type (Acute Care Bed, Critical Care Bed, Long-Term Care Bed), By End-use (Hospitals, Clinics) – Global Forecast, 2023-2032

Hospital Bed Management Systems Market Size

Hospital Bed Management Systems Market size was valued at around USD 1.8 billion in 2022 and is estimated to register a CAGR of 9.3% between 2023 and 2032. This robust market growth is anticipated to factors such as increasing awareness and use of automation technologies in hospitals, rise in partnerships and collaborations between major firms and healthcare facilities for software installations, and surge in the launch of innovative software and services for the hospital management industry.
 

In addition, increase inn patient admissions and growing incidence of life-threatening disorders are driving the market expansion. Moreover, as the population ages, it becomes more prone to chronic diseases, resulting in an increasing demand for different healthcare services, including hospital beds. Bed management systems are critical in ensuring that elderly patients receive timely and proper care through bed availability and allocation management, that supports the market progress.
 

For instance, according to WHO’s World Population Prospect report 2022, by 2030, one in every six persons around the globe will be 60 years or older. The proportion of the population aged 60 and above will rise from 1 billion in 2020 to 1.4 billion in 2030. Furthermore, ongoing technological developments, such as the incorporation of IoT, real-time locating systems, and artificial intelligence (AI) in healthcare further drive the use of sophisticated bed management deployment modes in healthcare facilities.

Hospital bed management systems is the strategic planning, coordination, and utilization of hospital bed resources that foster effective patient care delivery, improve patient flow, and enhance the utilization of available beds within a healthcare facility.
 

COVID-19 Impact

The COVID-19 pandemic had a positive impact on the hospital bed management systems market. The pandemic raised the demand for medical beds manifold, resulting in a significant decline in the number of available beds. This has imposed a strain on hospital resources, making it difficult for hospitals to provide and care for all patients who require it. This trend related to the bed occupancy rate has been witnessed, throughout the pandemic. Hence, it has impacted the availability and allocation of beds for other conditions, particularly when the pandemic was at its peak. However, as it recorded decline, the industry growth rebounded and crossed the pre-pandemic levels in the following years.
 

Hospital Bed Management Systems Market Trends

The market is experiencing several notable trends that are shaping its growth and development. Factors such as the growing demand for integration of IoT and real-time locating systems (RTLS) technologies, increase in adoption of artificial intelligence (AI) for predictive analytics, and increasing enhanced data security and privacy measures among others.
 

• The integration of bed management systems with telehealth platforms is on the rise. This allows healthcare providers to remotely monitor patients, conduct virtual consultations, and manage bed assignments for patients receiving care at home, contributing to a more holistic patient care approach.
   
• Moreover, there is a growing demand for mobile-accessible bed management systems. Cloud-based deployment modes enable healthcare staff to access and update bed-related information on-the-go, thus, promoting flexibility and real-time decision-making.
   

Hospital Bed Management Systems Market Analysis

The market by deployment mode is categorized into cloud & web based and on-premises. The cloud & web-based segment garnered around USD 1.17 billion revenue in 2022.
 

• Cloud & web-based bed management systems allow healthcare providers to access information from any location with internet connectivity. This is particularly valuable for remote management, enabling healthcare staff to view real-time bed availability, make updates, and coordinate patient care from different locations within or outside the hospital.
   
• Moreover, as compared to traditional on-premises deployment modes, these systems can be setup rapidly. Updates and enhancements can be delivered without the need for human intervention from the healthcare organization, ensuring that the bed management system is constantly up to date with the most recent features and security updates. This is expected to boost the segmental growth in the market.
   

Based on type, the hospital bed management systems market is segmented into acute care bed, critical care bed, long-term care bed, and other types. The acute care bed segment dominated the hospital bed management system market and accounted for over 43% business share in 2022 and is anticipated to witness fastest growth during the forecast period.
 

• The rising prevalence of acute and chronic diseases globally contributes to an increased demand for acute care beds. As the incidence of illnesses such as cardiovascular diseases, respiratory infections, and injuries rises, hospitals require adequate acute care beds to accommodate and treat patients with acute medical conditions. For instance, according to the report by National Association of Chronic Disease Directors in 2022, approximately 40% of adults in the U.S. have multiple chronic diseases (MCC).
   
• Moreover, acute care beds are often equipped with advanced technologies for patient monitoring and treatment. Integration of technologies such as smart beds, monitoring devices, and connectivity with electronic health records enhances the capabilities of acute care beds, making them essential in modern healthcare settings, thereby contributing to the segment development.
   

The hospital bed management systems market by end-use is categorized into hospitals, clinics, and other end-users. The hospitals segment accounted for over USD 1.1 billion revenue size in 2022.
 

• Hospitals are increasingly focusing on providing patient-centered care. Effective bed management systems enhance patient experience by reducing wait times, ensuring timely admissions, and optimizing the overall patient journey through the healthcare facility.
   
• Additionally, hospitals aim to optimize the utilization of resources, including beds, staff, and equipment. Bed management systems help hospitals allocate beds efficiently, reducing the likelihood of bottlenecks, minimizing patient wait times, and improving the overall efficiency of resource use.
   

North America hospital bed management system market accounted for USD 689 million revenue in 2022 and is predicted to witness substantial market growth over the analysis timeline.
 

• North America has a well-established and continuously growing healthcare infrastructure. The expansion of hospitals, clinics, and other healthcare facilities creates a demand for advanced bed management systems to optimize bed utilization and enhance patient care delivery.
   
• Furthermore, the aging population in North America is on the rise, leading to a higher prevalence of chronic diseases and an increased demand for healthcare services. Bed management systems play a crucial role in addressing the unique needs of elderly patients and optimizing the allocation of beds for this demography.
   

Hospital Bed Management Systems Market Share

The hospital bed management systems industry is fragmented in nature, with a large number of small and medium-sized companies competing with each other. However, there are a few key players that are focusing on improving their market share including Oracle Corporation, Epic Systems Corporation, GE Healthcare, and Veradigm LLC among others. These companies are diligently directing their efforts towards continuous novel software innovation and implementation to gain substantial market share.
 

Some of the eminent market participants operating in the hospital bed management systems industry include:

• Oracle Corporation
• Epic Systems Corporation
• GE Healthcare
• Veradigm LLC
• CentralSquare Technologies
• Advanced Data Systems
• Terawe Corp
• Lyngsoe Systems A/S
• The Access Group
• EMIS Health
• TeleTracking Technologies, Inc.
• SAP
   

Hospital Bed Management Systems Industry News:

• In October 2021, GE Healthcare launched a new command center software solution for hospital capacity and critical resource management, and Oregon is the first U.S. state to implement the solution. Apprise Health Insights lead the implementation of this digital platform, the Oregon Capacity System (OCS), to every hospital in the state of Oregon, owing to a government funding supported by the U.S. Department of Health and Human Services (HHS).
   

Hospital bed management systems market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:

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By Deployment mode, 2018-2032 (USD Million)

• Cloud & web-based
• On-premises

By Type, 2018-2032 (USD Million)

• Acute care bed
• Critical care bed
• Long-term care bed
• Other types

By End-use, 2018-2032 (USD Million)

• Hospitals
• Clinics
• Other end-users

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
  • Rest of Middle East & Africa