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Efficient hospital resource allocation is a persistent operational challenge because demand for beds, staff, equipment, diagnostics, and patient movement changes rapidly. Predictive analytics offers a way to anticipate demand and support more proactive operational decisions. This systematic review synthesised machine learning models applied to hospital resource allocation from 2017 to 2023. The review focused on bed management, staffing demand, equipment use, diagnostic capacity, and patient throughput. A PRISMA 2020-compliant review process was used, including structured searches of PubMed, Scopus, IEEE Xplore, and Web of Science. Screening, extraction, risk-of-bias assessment, and narrative synthesis were conducted to compare model targets, data sources, validation approaches, and implementation maturity. The evidence base was dominated by retrospective studies of patient throughput, emergency department admission prediction, bed demand, and length of stay. Staffing, equipment, and diagnostic capacity forecasting were less frequently represented, while integrated multi-resource command centre models remained uncommon. Machine learning for hospital resource allocation has become technically advanced, but operational translation remains uneven. Most models remained retrospective or locally validated, with limited evidence of prospective deployment, workflow integration, or measurable operational impact.