Hospital Bed Management Systems Market Size

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.

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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.