Global Hospital Resource Management Market Overview:
Rapid urbanization has resulted in a high standard lifestyle among the masses. However, these lifestyles involve an unhealthy routine that has led to an increase in the incidence of various diseases. The increase in the number of patients per day has placed a burden on hospitals, placing additional responsibility on managing hospital resources and maintaining their full-time availability. Managing the resources of a hospital is a very important task as the relationship between resources, usage, and flow of different patient populations needs to be maintained. This thereby creates a need for hospital resource management solutions that furthermore balance patient numbers with the availability of appropriate resources, which include operating rooms, doctors, machines, and medication. Resource management solutions for healthcare enable effective management and reduce the risk of counterfeiting. Therefore, the increasing awareness of avoiding such incidents is increasing the market for resource management in healthcare. In critical situations, the patient's condition can change within a minute. If the efficiency of the operations is poor, the patient can lose a life. The increasing need to improve hospital operations efficiency is also another contributing factor to the healthcare resource management market. However, the existing legacy healthcare infrastructure and privacy concerns are some limiting factors in implementing these systems. Government funding for healthcare software and systems and increasing investment in research and development of innovative solutions are major trends in the marketplace.
- Need For Better Asset Management in Hospitals
- Rising Demand with Increasing Concerns of Drug Counterfeiting
- Need To Increase Efficiency in Healthcare Institutions
- Growing Concerns for Patient Safety
- Acceptance of Asset Management Solutions in the Pharmaceutical Industry
- Increasing Application in the Healthcare Sector and Declining Cost of Hardware
- Increase in Healthcare Expenditure
- Increasing Investment by Government and Private Organizations
- Organizational and Infrastructural Facility of Healthcare Institutions Affecting Implementation
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Awarepoint Corporation (United States), Allscripts Healthcare Solutions, Inc. (United States), Care Logistics, LLC (United States), McKesson Corporation (United States), Central Logic (United States), Stanley Healthcare (United States), Sonitor Technologies, Inc. (United States), Infosys (India), TeleTracking Technologies, Inc. (United States), Cerner Corporation (United States) and Epic Systems Corporation (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Hospital Resource Management market by 2026. Considering Market by Components, the sub-segment i.e. Software will boost the Hospital Resource Management market. Considering Market by End User, the sub-segment i.e. Hospitals/ Clinics will boost the Hospital Resource Management market.
What Can be Explored with the Hospital Resource Management Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hospital Resource Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hospital Resource Management
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hospital Resource Management market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hospital Resource Management market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Hospital Resource Management, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.