13-Jun-2019 | Zion Market Research
Zion Market Research has published a new report titled “Hospital Asset Management Market by Product (Real-Time Location Systems, Radio-Frequency Identification, Ultrasound, and Infrared), by Application (Patient Management, Staff Management, Instrument Management, and Supply Chain Management), and by End-User (Hospitals and Clinics, Pharmaceutical Companies, Biotechnology Companies, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, global hospital asset management market was approximately USD 7.99 billion in 2018 and is expected to generate around USD 53.17 billion by 2025, at a CAGR of around 31.2% between 2019 and 2025.
Hospital asset management refers to the managing hospital’s machinery and equipment and tracking assets like mobile beds and wheelchairs, which are used across departments or hospital floors. It also helps in the management and protection of hospital equipment, to manage the machinery and equipment; it uses automated software systems to monitor the hospital campus environment. The global hospital asset management market is expanding rapidly, due to the improvement and optimization of workflow, productivity, safety, reduction in stock, and higher returns on investment. Furthermore, the increasing demand for security in hospitals and effective management with optimized expenses, decreasing prices of RFID, rising number of strict regulatory requirements as a good quality practice, and flourishing pharmaceutical, medical device, and biopharmaceutical industries are also driving this market. Moreover, the growing adoption of asset management solutions by healthcare service providers also contributes to the growth of global healthcare asset management market. However, the high costs of RFID tags and even higher implementation costs may hamper the global hospital asset management market in the future.
Browse the full “Hospital Asset Management Market by Product (Real-Time Location Systems, Radio-Frequency Identification, Ultrasound, and Infrared), by Application (Patient Management, Staff Management, Instrument Management, and Supply Chain Management), and by End-User (Hospitals and Clinics, Pharmaceutical Companies, Biotechnology Companies, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/hospital-asset-management-market
The global hospital asset management market is fragmented on the basis of product, application, and end-user. Based on the product, the market is classified into radio-frequency identification devices (RFID), real-time location systems (RTLS), infrared, and ultrasound. The RFID segment is expected to hold the largest share in the global hospital asset management market, due to the increasing use of RFID devices by biopharmaceutical and pharmaceutical sectors to manage the supply chain system effectively.
Based on application, the market includes patient management, supply chain management, staff management, and instrument management. The instrument management segment is expected to grow significantly over the estimated time period, due to the rising adoption of technologically advanced products and increasing awareness about the installation of asset tracking solutions for the equipment handling and hospital management.
Based on end-user, the market includes hospitals and clinics, pharmaceutical companies, biotechnology companies, and others. Hospitals and clinics are likely to contribute to the largest market share over the forecast time period.
By geography, North America dominated the global hospital asset management market in 2018, due to the established IT infrastructure, raising concerns about patient safety, and technological advancements related to RFID and RLTS. The Asia Pacific hospital asset management market is being driven by the developing countries like India and China that are experiencing rapid digitalization in the healthcare sector due to constant support from government and growing demand for better healthcare.
Some major participants of the global hospital asset management market are Awarepoint Corporation, GE Healthcare, Ascom, Honeywell International, CenTrak, Ekahau, STANLEY Healthcare, Sonitor, Zebra Technology, ZIH Corporation, and IBM.
This report segments the global hospital asset management market into:
Global Hospital Asset Management Market: By Product
Global Hospital Asset Management Market: By Application
Global Hospital Asset Management Market: By End-User
Global Hospital Asset Management Market: By Region
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651