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Global Wireless Healthcare Asset Management Market - Segmented by Products (Asset Tags, Wearable Tags, Wireless Sensors), Technology (RFID, Wi-Fi, ZigBee), and Region - Growth, Trends, and Forecast (2018 - 2023)

Published: | Mordor Intelligence Pvt Ltd | 113 Pages | Delivery time: 2-3 business days


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Global Wireless Healthcare Asset Management Market - Segmented by Products (Asset Tags, Wearable Tags, Wireless Sensors), Technology (RFID, Wi-Fi, ZigBee), and Region - Growth, Trends, and Forecast (2018 - 2023)
Published: April 26, 2018
Mordor Intelligence Pvt Ltd
Content info: 113 Pages
Delivery time: 2-3 business days
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Global Wireless Healthcare Asset Management market is projected to register a CAGR of 8.40%, during the forecast period (2018 - 2023). The scope of the report is limited to Type of products offered by major players, which involves Asset Tags, Wearable Tags, and Wireless Sensors. While the Technology considered in the scope of the report include RFID, Wi-Fi, ZigBee.

The implementation of wireless healthcare asset management systems has been growing owing to the advent of trends, such as internet of things, digitization and automation of various processes. These changes can aid in reducing the loss of expensive hospital equipment, which can lead to high capital losses. The employment of separate staff necessary for the monitoring and keeping track of equipment can also be avoided, which could prove as an extra expense for hospital. The implementation of such technology increases the visibility of devices, which can reduce the amount of time spend for sorting and organizing required equipment to avoid wastage of time.

Need For Elimination of Unwanted Expense for Asset Tracking Drive Growth of the Market

Real-time asset monitoring solution provides the ability to control frequently changing situations and to see across the hospital organizations in order to understand the workflow. From maintenance to procurement and even managing the database of single software, each IT hardware equipment introduces incalculable vulnerabilities. Multiplying these risks by thousands and even millions of servers, computers, sensitive equipment and other storage devices, the magnitude of probabilities for security breaches, auditing mistakes, mismanagements, and manpower, among other critical resource diversions, inflates exponentially.

Asset Tags are One of the Most Widely Used Product Among Hospital Asset Management.

Asset tags have been implemented to keep track of every item in the inventory and avoid loss of assets. Many healthcare institutions have utilized latest technologies, such as NFC, and legacy technologies, such as RFID has been deployed to keep track of all the things that are being used in hospital domain. Hospitals, such as Michigan Medicine have employed the use of active RFID technology to track thousands of assets. This is expected to reduce the hospitals rental costs and loss of equipment from the hospital premises. The Michigan Medical hospital has registered a total of 6500 assets, which could prove extremely difficult for the hospital personnel to maintain. This also enables the hospitals to move towards IoT in medical care as most of the devices in the hospital are connected.

Asia Pacific has High Growth Potential Owing to the Growing Use of Data in the Region

The digital technology industry provides the foundation for information exchange in healthcare, among other sectors in the region. IoT is predicted to undergo massive growth in the coming years, with mobile technologies playing a vital role in enabling the industry to grow. Owing to such developments in IoT and mobile technologies the healthcare industry in the region, growth for wireless healthcare asset management is expected to have growth. The advanced industries sector is highly metropolitan, and it varies considerably in its composition and depth across the regions.

Key Developments In The Market:

March 2018 - Accruent has acquired Connectiv to provide bio medical and device management technology. Connectiv has making asset management devices to control and manage assets through the hospital

October 2017 - GSK has acquired Novartis for USD 13 billion and has taken control of its entire product portfolio including Sensodyne Pandol, Nicotinell etc.


Reasons To Purchase This Report:

Growing need for better data services act as a driver to the Global Long Term Evolution Market scenario

Analyze various perspectives of the market with the help of Porter's five forces analysis

The Product type that is expected to dominate the market is analyzed in detail

The regions, which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in Excel)

Customization Of The Report:

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.

Table of Contents
Product Code: 50508

Table of Contents

1. Introduction

  • 1.1 Key study deliverables
  • 1.2 Market definition
  • 1.3 Study Assumptions

2. Research methodology

3. Executive summary

4. Market insights

  • 4.1 Market overview
  • 4.2 Indusrty attractiveness- Porter's Five Forces Analysis
    • 4.2.1 Threat of new entrants
    • 4.2.2 Bargaining power of suppliers
    • 4.2.3 Bargaining power of consumers
    • 4.2.4 Threat of substitute products
    • 4.2.5 Intensity of Competitive Rivalry

5. Market Dynamics

  • 5.1 Market drivers
    • 5.1.1 Need for Effective Real Time Asset Monitoring Solution
    • 5.1.2 Increasing Need for Improving Operational Efficiency
  • 5.2 Market Restraints
    • 5.2.1 High Initial Costs

6. Technological Overview

7. Global Wireless Healthcare Asset Management Market Segmentation

  • 7.1 By Products
    • 7.1.1 Asset Tags
    • 7.1.2 Wearable Tags
    • 7.1.3 Wireless Sensors
    • 7.1.4 Others
  • 7.2 By Technology
    • 7.2.1 RFID
    • 7.2.2 Wi-Fi
    • 7.2.3 ZigBee
    • 7.2.4 Others
  • 7.3 By Geography
    • 7.3.1 North america
    • 7.3.2 Europe
    • 7.3.3 Asia pacific
    • 7.3.4 Rest of the world

8. Key Vendor Profiles

  • 8.1 Cisco Systems Inc.
  • 8.2 Ekahau
  • 8.3 Stanley Healthcare
  • 8.4 CenTrack
  • 8.5 Camcode
  • 8.6 Verizon Enterprise Solutions
  • 8.7 Awarepoint Corporation
  • 8.8 ASAP Systems
  • 8.9 Airista flow
  • 8.10 GE healthcare
  • 8.11 IBM corporation
  • 8.12 Infor Inc
  • 8.13 Motorola Solutions
  • 8.14 Radianse
  • 8.15 Siemens Healthineers
  • 8.16 Sonitor technologies

List is Not Exhaustive

9. Investment analysis

  • 9.1 Recent mergers and acquisitions
  • 9.2 Investment scenario and opportunities

10. Future of Wireless Healthcare Asset Management Market