The North America Hospital Bed Management Systems Market would witness market growth of 9.3% CAGR during the forecast period (2023-2030).
An emerging trend in the market is integrating these systems with Electronic Health Records (EHR). This integration enhances data accuracy and promotes a comprehensive patient-centric approach by consolidating medical information with bed management data. This trend is pivotal in creating a unified healthcare IT infrastructure. Incorporating artificial intelligence and predictive analytics is revolutionizing the capabilities of HBMS. Advanced algorithms analyze historical data to predict patient admissions, optimize bed utilization, and anticipate resource needs.
HBMS automates the admission and discharge processes, reducing administrative burden and minimizing errors. Automated workflows enhance communication between different departments, ensuring a seamless transition for patients through the healthcare continuum. HBMS contributes to efficient patient flow management within hospitals. By providing a holistic view of bed occupancy and patient movement, healthcare providers can identify potential bottlenecks and implement strategies to enhance the overall flow of patients through various departments.
The growing prevalence of chronic diseases leads to an increased number of hospital admissions for the management and treatment of these conditions in America. Integrating telehealth capabilities into HBMS supports delivering chronic disease management in America through virtual consultations. As per the Centers for Disease Control and Prevention, it is estimated that one chronic illness affects six out of every ten Americans, including cancer, heart disease, stroke, and diabetes. These and other chronic diseases are the significant causes of death and disability in the United States, as well as the leading cause of healthcare costs. Due to these aspects, the market will expand across the North America region in upcoming years.
The US market dominated the North America 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 $954 Million by 2030. The Canada market is exhibiting a CAGR of 11.8% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 10.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Hospital Bed Management Systems Market is Predict to reach $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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