February 25, 2019: The global hospital asset tracking and inventory management systems market is expected to reach USD 31.06 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.0% during the forecast period. Rising need to reduce healthcare costs coupled with high prevalence of Hospital-acquired Infections (HAIs) is anticipated to boost the growth.
Manual handling of the numerous equipment and assets used in a hospital is a difficult task. A lot of time and manpower is utilized in searching and maintaining these assets. Hospital asset management allows smooth and continuous hospital operations by decreasing the time in searching these equipment. This factor is anticipated to bode well for market growth in the forthcoming years.
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Availability of advanced systems and rapid technological advancements are also significant driving factors for the hospital asset tracking and inventory management systems market. For instance, the Central Manchester University hospital uses hospital asset management system, which manages over 500,000 assets. They ultimately help improve quality of life of the patients. These systems provide a positive working environment for healthcare professionals.
Regional and service portfolio expansions, and merger and acquisitions are key strategic undertakings adopted by these players. For instance, in September 2017, Zebra Technologies launched Savannah platform which comprises of configuration management, IoT end-point connectivity, data transport, machine learning components, analytics, and data storage.
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Further key findings from the report suggest:
- The mobile segment accounted for the largest market share in 2017 and is anticipated to exhibit significant growth in near future
- The other inventory segment includes consumables. This segment is expected to showcase the fastest growth rate during the forecast period
- The hardware segment held the largest market share among the types of systems in 2017
- Asia Pacific is expected to exhibit high growth over the forecast period owing to improved healthcare infrastructure, rising disposable income, and investments from global players
- Some of the key players operating in the hospital asset tracking and inventory management systems market include ZIH Corp, ASCOM, CenTrak, Midmark Corporation, GE Healthcare and Honeywell International Inc.
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Hospital asset tracking and inventory management system helps hospital in the management of its assets and inventory by providing a real time based solution.
This inventory tracking solution works by placing RFID labels on equipments such as stretchers, wheel chairs, ECG machine etc that can be traced through RFID readers.
Mobile based software available on employees’ devices enables them to monitor all the equipments.Technological advancements and R & D investments to innovate advanced solutions are the key drivers for increasing the demand for Hospital Asset Tracking and Inventory Management over the forecast period 2018-2026 .Increasing use of Artificial Intelligence (AI), integration with Internet of Things (IoT), and supply chain and workflows are the major factors affecting in the hospital asset tracking and inventory management systems market.Get Sample Copy Of The Report@ https://www.trendsmarketresearch.com/report/sample/9933 The hospital asset tracking and inventory management systems market is categorized on the basis of component, application and industry.
Hardware segment of the global market has the highest market share as there is increasing of significant deployment of inventory management and asset tracking solutions by businesses due to increasing demand for proper inventory management needs.
On the basis of application the market is divide into IT asset tracking, equipment tracking, facility management, tool tracking, funding management, mandate compliance, warehouse management and others.
On the basis of industry the hospital asset tracking and inventory management systems market is fragmented in groups such as retail, BFSI, IT & telecom, healthcare, hospitality, transportation and logistics, chemical, energy & utilities, oil & gas, manufacturing, education, government and others that includes automotive, mining, and textile.
The Hospital Asset Tracking And Inventory Management Systems market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the hospital asset tracking and inventory management systems market include ASCOM, CenTrak, GE Healthcare, Honeywell International, Inc., Midmark Corporation and ZIH Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Hospital Asset Tracking And Inventory Management Systems Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/Hospital-Asset-Tracking-And-Inventory-Management-Systems-market/download-sampleMarket DynamicsThe growing healthcare industry coupled with an increasing need for better asset management in hospitals is driving the market growth.
Acceptance of these management systems in the pharmaceutical industry is again accelerating market growth.
Whereas, technological advancements and penetration in emerging economies are expected to offer an opportunity during the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
Recently published a report entitled Hospital Asset Tracking And Inventory Management Systems Market projected till 2026, added by Value Market Research, covers key players along with their market share and strategic development adopted by them.
Further, the report provides market size, share, trends, outlook and forecast based on historical data coupled with drivers, restraints, and opportunities.The broad hospital asset tracking and inventory management systems market has been sub-grouped into type and application.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Hospital Asset Tracking And Inventory Management Systems Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/hospital-asset-tracking-and-inventory-management-systems-market/download-sampleBy TypeMobileFixedOther InventoryBy ApplicationHardwareSoftwareThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the hospital asset tracking and inventory management systems market include ASCOM, CenTrak, GE Healthcare, Honeywell International, Inc., Midmark Corporation and ZIH Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for hospital asset tracking and inventory management systems in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Hospital Asset Tracking And Inventory Management Systems Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2018-2025 based on the historical data.
In addition, it also delivers detailed analysis of regional and country market.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the hospital asset tracking and inventory management systems market include ASCOM, CenTrak, GE Healthcare, Honeywell International, Inc., Midmark Corporation and ZIH Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Hospital Asset Tracking And Inventory Management Systems Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/hospital-asset-tracking-and-inventory-management-systems-market/download-sampleMarket DynamicsThe growing healthcare industry coupled with an increasing need for better asset management in hospitals is driving the market growth.
On the other hand, lack of awareness and cybersecurity breach associated with asset tracking and inventory management system may hinder market growth.
Whereas, technological advancements and penetration in emerging economies are expected to offer an opportunity during the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
