The growing need for better healthcare asset management in the hospitals and acceptance of the solution in the pharmaceutical sector is driving the demand for the market.
Market Size – USD 12.02 Billion in 2019, Market Growth - CAGR of 32.1%, Market Trends –Advancement in technology.
The global Healthcare Asset Management Market is forecasted to reach USD 101.36 Billion by 2027, according to a new report by Reports and Data. The growing demand for asset management in the healthcare sector is due to rapid technological advancements. Modern technology has removed the need for pen and paper. With the emergence of healthcare IT, the medical sector is shifting towards modern procedures. An asset management plan helps hospitals maintain regulations, assess risk, reduce operating costs, and enhance operational efficiency within the institution.
The market is witnessing an increased demand as they reduce the overall cost and protect the critical working of a building to maintain a clean and safe medical environment. Implementing a healthcare asset management program offers other benefits also other than saving money and time. Their offerings are more scalable and flexible. Moreover, asset management leverage location-based intelligence to provide real-time information on the status and utilization of medical equipment. Data flows into reports that are further sorted by facility, unit, department, and even enterprises for further analysis.
The healthcare asset management program helps in finding equipment quickly and easily, eliminate the need for inventory stock-outs and improve asset utilization rate. The market demand will continue to grow as effective hospital management can lead to a higher level of productivity.
Key companies operating in the market and profiled in the report include:
AiRISTA Flow, ThingMagic, CenTrak, Inc., Stanley Healthcare, Sonitor, Versus Technology, Inc., GE Healthcare, Zebra Technologies, IBM Corporation, and Elpas
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Healthcare Asset Management market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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The Healthcare Asset Management market takes into account major geographical locations such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa to offer key insights into market growth, market size, market share,
revenue growth, current and emerging trends, supply and demand ratio, import/export, consumer demand and behavior, and presence of key players in each region. The report offers an in-depth country wise analysis to impart better understanding of the market and its growth prospects.
Segments Covered in the report
Product Outlook (Revenue, USD Billion; 2017-2027)
- Radiofrequency Identification (RFID) Devices
- Real-time location systems (RTLS)
Application Outlook (Revenue, USD Billion; 2017-2027)
- Hospital Asset Management
- Equipment Tracking and Management
- Temperature and Humidity Control
- Patient Management
- Infection Control and Hand Hygiene Compliance
- Staff Management
- Software Solutions
- Supply Chain Management
- Drug Anti-counterfeiting
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Pharmaceutical Companies
- Hospitals and Clinics
- Bio-Technology Companies
Key Regions Analyzed in the Report include:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Furthermore, it consists information about individual segment of the Healthcare Asset Management market based on the types and application. The report also offers insights about the key segments expected to register significant revenue growth over the forecast period and primary trends influencing their growth. It also offers CAGR and market share values for each segment to provide clear understanding of demand and trend in the global market.
Key Benefits of the Report:
- Comprehensive overview of the changing dynamics of competitive landscape
- Detail oriented futuristic prospects of factors driving and restraining growth of the market
- Valuable insights on key market growth driving trends and monetary competence in the forecast period
- Strategic recommendations to key players and new entrants to overcome barriers and challenges in the market
- Revenue forecasts for the period of 2021-2027
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