Healthcare asset management entails efficiently and cost-effectively managing and maintaining machinery, equipment, and physical assets. Pumps, plumbing, compressors, wheelchairs, refrigeration, generators, condensers, mobile beds, heating, ventilation, and air conditioning (HVAC), and other hospital systems are typically included. It saves time and money, increases asset utilization, locates equipment faster, keeps the right inventory on hand, and promotes employee communication.
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The market for healthcare asset management is estimated to increase rapidly over the forecast period. Asset management is a systematic and cost-effective method of planning, acquiring, maintaining, operating, and disposing of a healthcare organization’s machinery, equipment, and physical assets. The primary considerations that encourage the usage of healthcare asset management in healthcare organisations include the benefits of not losing track of medical devices, high operational costs, time saver, enhanced patient care, increased staff productivity, significant cost savings, and extensive maintenance.
Data Bridge Market Research analyses that the healthcare asset management market was valued at USD 17.10 billion in 2021 and is expected to reach USD 370.81 billion by 2029, registering a CAGR of 46.9% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Some of the major players operating in the healthcare asset management market AiRISTA Flow, Inc. (US), CenTrak Inc. (US), Novanta Inc. (US), Sonitor Technologies (Norway), STANLEY Healthcare (US), VERSUS TECHNOLOGIES (US), Zebra Technologies Corporation (US), General Electric Company (US), IBM (US), Siemens Healthcare GmbH (Germany), Aeroscout Industrial (US), Awarepoint Corporation (US), Radianse (US), Midmark Corporation (US), McKesson Corporation (US), Cerner Corporation (US),Motorola Solutions, Inc. (US), and Infor, Inc. (US), among others.
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Global Healthcare Asset Management Market Scope
The healthcare asset management market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Radiofrequency Identification (RFID) Devices
- Real-Time Location Systems (RTLS)
- Ultrasound and Infrared Tags
On the basis of product, the healthcare asset management market is segmented into radiofrequency identification (RFID) devices, real-time location systems (RTLS), ultrasound and infrared tags. Radiofrequency identification (RFID) devices is further sub segmented into hardware, software and services. Hardware is further sub segmented into passive tags and active tags. Active tags is further sub segmented into readers/interrogators, antennas and accessories. Real-time location systems (RTLS) is further sub segmented into hardware, software and services. Hardware is further sub segmented into tags/badges and readers/interrogators.
Application
- Hospital Asset Management
- Pharmaceutical Asset Management
On the basis of application, the healthcare asset management market is segmented into hospital asset management, pharmaceutical asset management. Hospital asset management is further sub segmented into equipment tracking and management, patient management, temperature and humidity monitoring, staff management and infection control and hand hygiene compliance. Pharmaceutical asset management is further sub segmented into drug anti-counterfeiting and supply chain management.
Healthcare Asset Management Market Regional Analysis/Insights
The healthcare asset management market is analysed and market size insights and trends are provided by country, product and application as referenced above. The countries covered in the healthcare asset management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare asset management market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the availability of quality infrastructure for clinical and laboratory research in this region. Additionally, rising adoption of low cost medical systems in clinical diagnostic laboratories will flourish the market’s growth rate in this region. Asia-Pacific is expected to grow during the forecast period due to technological expansion of developing countries and increasing number of middle age population in this region. Rising expenditure on healthcare infrastructure and the emergence of unmet market demand will propel the market’s growth rate in this region.
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