by The growing global nursing shortage has coincided with increasing demand for cost-effective healthcare delivery worldwide. To address this challenge, hospitals and care providers are increasingly relying on sophisticated nursing resource allocation software and systems. Such solutions help optimize workflows, enhance productivity and ensure more equitable distribution of qualified nurses according to patient needs. With efficient employee scheduling, automated staffing functions and real-time updates on patient loads, these resource optimization tools allow hospitals to deliver higher quality care despite persistent staffing constraints.
The Global Nursing Resource Allocation Market Size Is Estimated To Be Valued At US$ 1.98 Bn In 2024 And Is Expected To Exhibit A CAGR Of 9.9% Over The Forecast Period 2024-2031.
Nursing resource allocation solutions assist healthcare organizations in determining the appropriate number and skill mix of nurses needed to meet patient demand across departments and shifts. These tools analyze current and historical staffing data as well as predicted patient census to generate optimal staff schedules. Automated systems also reduce paperwork and ensure regulatory compliance with optimal nurse-to-patient ratios.
Key Takeaways
Key Players: Key players operating in the global nursing resource allocation market include Cerner Corporation, Allscripts, McKesson Corporation, Optum, Inc., IBM, Aptean, Health Systems Concepts, Advanced Software Products Group, Verge Solutions, QGenda, Infor, and F.A. Davis Company.
Growing Demand: Nursing shortages coupled with rising acute care admissions globally have increased the demand for sophisticated software to efficiently assign nurses and balance workloads.
Global Expansion: Major players are expanding their geographical reach and acquiring regional players to gain market share. For example, Cerner recently acquired a leading Australian healthcare IT company to penetrate the Asia Pacific market.
Market Key Trends
The integration of artificial intelligence and predictive analytics is allowing nursing resource allocation solutions to gain real-time insights into staffing requirements based on patient characteristics and conditions. Machine learning algorithms also help these tools self-optimize over time based on actual workflow outcomes.
Porter’s Analysis
Threat Of New Entrants: New entrants need substantial initial capital investment for infrastructure and information systems, which poses a barrier to entry.
Bargaining Power Of Buyers: Healthcare facilities have high bargaining power as nursing resource allocation providers are dependent on buyers for business.
Bargaining Power Of Suppliers: Nursing professionals have moderate bargaining power as providers can switch between nursing staff suppliers with changing demand.
Threat Of New Substitutes: There is a low threat of substitutes as nursing resource allocation plays an important role in healthcare facilities.
Competitive Rivalry: The market is highly fragmented with the presence of numerous local and regional players competing on service offerings and pricing.
Geographical Regions
North America accounts for the major share of the global nursing resource allocation market in terms of value owing to presence of leading providers and developed healthcare infrastructure in the US and Canada.
Asia Pacific is projected to grow at the fastest CAGR during the forecast period due to increasing investments by governments and private sector to modernize healthcare facilities and digitize operations in countries like China, India and Japan.
What are the key data covered in this Global Nursing Resource Allocation Market report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global Nursing Resource Allocation Market’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Global Nursing Resource Allocation Market and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behavior
:- Global Nursing Resource Allocation Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global Nursing Resource Allocation Market vendors
FAQ’s
Q.1 What are the main factors influencing the Global Nursing Resource Allocation market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Nursing Resource Allocation Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Nursing Resource Allocation market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
- Source: CoherentMI, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
