PUBLISHER: SkyQuest | PRODUCT CODE: 1259965
PUBLISHER: SkyQuest | PRODUCT CODE: 1259965
Global Hospital Asset Management Market Size, Share, Growth Analysis, By Product(Radiofrequency Identification, Real-time Location Systems ), By Application, By End-User - Industry Forecast 2022-2028
Global Hospital Asset Management Market was valued at USD 12.15 billion in 2021 and it is expected to reach at USD 18.65 billion by 2028, at a CAGR of 12.07% over the forecast period (2022-2028).
Asset management in the healthcare industry can be summed up as a cost-effective, extremely methodical process for organising, acquiring, deploying, operating, maintaining, and disposing of the physical assets of a healthcare organisation. By offering an asset registry, asset management enables healthcare organisations to manage and track their inventory. This contributes to better patient care while reducing costs and maintaining operational effectiveness. Ward management, design, facilities management, critical care, post-operative care, and other services are frequently included in a hospital asset management system. The most effective use of physical resources to raise the standard of patient care is a crucial element of a well-run hospital asset management programme.
Healthcare asset management market growth has been accelerated by the increased focus on better managing current assets and workforces, which has led to the adoption of efficient asset management technologies and solutions by numerous medical institutions around the globe. Over the course of the forecast period, market growth will be driven by the escalating demand for asset management solutions in medical institutions as a result of quick technological advancements. Asset management in medical facilities has seen a rapid modernization of outdated operations. Previously, an organization's asset management strategy used the traditional pen and paper technique. The use of wireless connections in healthcare asset management solutions is one of the key factors propelling market expansion. Healthcare organisations can track physical assets in addition to patients and medical personnel with the help of wireless healthcare asset management. The system's flexibility, scalability, and portability are provided by wireless solutions. By specifying availability and room location, as well as whether or not it is currently in use or available, as well as sterilisation status, it enables healthcare institutions to quickly search for their assets and categories. From 2022 to 2028, the market will grow as a result of these novel technological developments.
Top-down and bottom-up approaches were used to estimate and validate the size of Asia Pacific Hospital Asset Management Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The Global Hospital Asset Management market is segmented based on Product, Application, End-User, and Region. Based on Product the market is segmented into Radiofrequency Identification (RFID), Real-time Location Systems (RTLS), and Others. Based on Application the market is segmented into Staff Management, Equipment Tracking, Patient Tracking, and Supply Chain Management. Based on End-Use the market is segmented into Hospitals, Laboratories, and Others. Based on region the global Hospital Asset Management market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
The increased demand for better asset management in healthcare settings will fuel market growth over the period of the forecast in order to deliver better patient care. Technologies for asset management help organise everything from drugs to MRI machines and lab microscopes, which may affect how a doctor or nurse delivers therapy. More efficient hospital asset management techniques are urgently required to keep track of physical assets as well as patient demands on a daily basis. As a result, many businesses are creating asset tracking systems that can be accessed via a smartphone or tablet and are integrated with barcode scanning software as technology develops. With the help of such technologies, medical facilities can get ready for critical equipment assessments, cutting downtime and guaranteeing the instrument will be available whenever it is needed. These asset management tools assist with managing patient data, gaining access to maintenance logs, locating medical equipment, and assessing the condition of each piece of apparatus. The aforementioned elements will significantly accelerate market growth.
An increase in investments and funding to support the development of the healthcare information technology industry is one of the main factors fueling market expansion. Diverse governmental and commercial organisations have made investments in the creation of innovative healthcare IT solutions in response to the growing global demand for healthcare IT. For instance, the government's Digital Health Technology Catalyst has given creative digital technology, a healthcare IT initiative that addresses significant difficulties in health care, a USD 9 million financial boost. Such initiatives support the global promotion of digital health, which in turn accelerates market expansion. Additionally, raising consumer awareness of the various advantages of the asset management programme is a key factor in driving product demand and, ultimately, revenue growth.
Restraint
The high cost of a few Real-time location systems (RTLS) solutions may in part restrain market growth despite the rise in applications for healthcare asset management solutions. The lack of knowledge about the use of asset management software among emerging country citizens is another important barrier to market expansion during the projection period.
Market Trends
The COVID-19 epidemic has brought the entire world to a standstill. Businesses have either shut down or are operating with fewer resources. Supply networks are twisted as manufacturing cycles are disturbed, leading to shortages of consumer goods. Hospitals and other important healthcare institutions are working incredibly hard to provide care for the ill and infected. Unfortunately, the number of infections is far more common than hospitals and other healthcare facilities can handle. It is anticipated that the hospital asset management sector will expand as a result of this tendency. As more patients are admitted to hospitals, the demand for hospital equipment such as beds, ventilators, and respirators as well as real-time location systems to monitor patient-caregiver contact and other technological equipment is rising. Market leaders are consequently raising their production rates. For instance, Stanley Healthcare has put several COVID-19 infection control technologies into place. The quick deployment of Wi-Fi-based emergency calls is made possible by these, such as Arial Emergency Call Bundles. These are used in non-traditional areas of existing hospitals or new patient care facilities, along with Asset Management Bundles to track COVID-19 equipment.
Table of Contents
Executive Summary
Market overview
- Exhibit: Executive Summary - Chart on Market Overview
- Exhibit: Executive Summary - Data Table on Market Overview
- Exhibit: Executive Summary - Chart on Global Global Hospital Asset Management Market Characteristics
- Exhibit: Executive Summary - Chart on Market by Geography
- Exhibit: Executive Summary - Chart on Market Segmentation
- Exhibit: Executive Summary - Chart on Incremental Growth
- Exhibit: Executive Summary - Data Table on Incremental Growth
- Exhibit: Executive Summary - Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy-scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Global Hospital Asset Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
- Global Global Hospital Asset Management Market by Product
- Market segments
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Data table on Market share 2021-2027 (%)
- Radiofrequency Identification (RFID)
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Real-time Location Systems (RTLS)
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Others
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
Global Global Hospital Asset Management Market by Application
- Market segments
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Data table on Market share 2021-2027 (%)
- Staff Management
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Equipment Tracking
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Patient Tracking
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Supply Chain Management
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Global Global Hospital Asset Management Market by End-User
- Market segments
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Data table on Market share 2021-2027 (%)
- Hospitals
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Laboratories
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Others
- Market Estimates & Forecast, 2020-2027
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- AiRISTA Flow (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Elpas (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- CenTrak Inc. (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- ThingMagic [A Novanta Company] (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Sonitor (Norway)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Stanley Healthcare (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Versus Technology Inc. (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Zebra Technologies (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- GE Healthcare (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- IBM Corporation (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
