The Europe Hospital Bed Management Systems Market would witness market growth of 9.7% CAGR during the forecast period (2023-2030).
Growing awareness and adoption of automation technologies in hospitals, expanding collaborations between key players and hospitals for software installation, and a surge in the introduction of novel software and solutions for the hospital management industry all contribute to the expansion of the market. Increasing patient admissions and the prevalence of life-threatening diseases are the primary factors propelling the market. Furthermore, the hospital bed management system provides real-time information on bed availability with color codes and assists hospital staff in managing the growing number of patient admissions.
The adoption of hospital bed management systems has continuously increased, owing to the pressing need for optimal resource utilization in healthcare settings. The implementation of HBMS is being acknowledged by hospitals of varying scales, ranging from small community facilities to large academic medical centers, to enhance the overall patient experience, decrease patient wait times, and increase bed turnover rates. One of the primary uses of HBMS is the real-time tracking of hospital bed availability. This feature gives healthcare providers an instant overview of bed occupancy, facilitating quicker decision-making inpatient admissions and transfers.
The UK's National Health Service (NHS) operates a comprehensive healthcare system. The integration of HBMS involves ensuring interoperability with NHS systems, including the electronic patient record system, appointment scheduling, and other healthcare information systems in the UK. Integration efforts focus on aligning HBMS with NHS Digital standards to ensure compliance with national guidelines for data security, patient privacy, and healthcare information exchange in the UK. Due to the above-mentioned factors, the market will grow significantly in this region.
The Germany market dominated the Europe Hospital Bed Management Systems Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $234.9 Million by 2030. The UK market is experiencing a CAGR of 8.8% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 10.5% during (2023 - 2030).
Based on Deployment, the market is segmented into Cloud & Web Based, and On-premise. Based on Type, the market is segmented into Acute Care Bed, Critical Care Bed, Long-term Care Bed, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hospital Bed Management Systems Market will Hit $3.5 Billion by 2030, at a CAGR of 10%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Epic Systems Corporation, GE HealthCare Technologies, Inc., HealthStream, Inc., TeleTracking Technologies, Inc., SAP SE, JVS Group, Advanced Data Systems Corporation, NextGen Healthcare, Inc., and McKesson Corporation.
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