Healthcare Asset Management

Healthcare Asset Management Market by Product (Radiofrequency Identification (RFID) Devices, Real-Time Location Systems), Application (Equipment Tracking & Management, Infection Control & Hygiene Management, Inventory Management), End-User - Global Forecast 2024-2030

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[182 Pages Report] The Healthcare Asset Management Market size was estimated at USD 14.98 billion in 2023 and expected to reach USD 16.25 billion in 2024, at a CAGR 6.91% to reach USD 23.93 billion by 2030.

Healthcare Asset Management Market
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Healthcare Asset Management Market - Global Forecast 2024-2030
To learn more about this report, request a free PDF copy
FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Healthcare Asset Management Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Healthcare Asset Management Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Healthcare Asset Management Market, highlighting leading vendors and their innovative profiles. These include Accruent, LLC, AiRISTA Flow Inc., Canto, Inc., CenTrak, Inc. by Halma PLC, Crothall Healthcare Inc. by Compass Group PLC, FSI LLC, GE HealthCare Technologies Inc., HID Global Corporation by Assa Abloy AB, HxCentral, International Business Machines Corporation, Koninklijke Philips N.V., MachineQ by Comcast Corporation, MC Global Solutions Ltd., Midmark Corporation, Orange Logic LLC, PcsInfinity Private Limited, Pycube, RMS Omega Technologies, Securitas Healthcare, LLC, Sepio Inc., Siemens Healthcare GmbH, Sonitor Technologies, SPM Assets by Planon Corporation, Vizzia Technologies, and Zebra Technologies Corp..

Market Segmentation & Coverage

This research report categorizes the Healthcare Asset Management Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Product
    • Radiofrequency Identification (RFID) Devices
    • Real-Time Location Systems
  • Application
    • Equipment Tracking & Management
    • Infection Control & Hygiene Management
    • Inventory Management
    • Patient Management
    • Staff Management
    • Supply Chain Management
  • End-User
    • Hospitals
    • Laboratories
    • Pharmaceuticals

  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects:

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast of the Healthcare Asset Management Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Healthcare Asset Management Market?
  3. What are the technology trends and regulatory frameworks in the Healthcare Asset Management Market?
  4. What is the market share of the leading vendors in the Healthcare Asset Management Market?
  5. Which modes and strategic moves are suitable for entering the Healthcare Asset Management Market?

Table of Contents
  1. Preface
  2. Research Methodology
  3. Executive Summary
  4. Market Overview
  5. Market Insights
  6. Healthcare Asset Management Market, by Product
  7. Healthcare Asset Management Market, by Application
  8. Healthcare Asset Management Market, by End-User
  9. Americas Healthcare Asset Management Market
  10. Asia-Pacific Healthcare Asset Management Market
  11. Europe, Middle East & Africa Healthcare Asset Management Market
  12. Competitive Landscape
  13. Competitive Portfolio
  14. List of Figures [Total: 22]
  15. List of Tables [Total: 290]
  16. List of Companies Mentioned [Total: 25]
The Emergence of Smart Hospitals: A Guide to Healthcare Asset Management
October 18, 2023
The Emergence of Smart Hospitals: A Guide to Healthcare Asset Management
The COVID-19 pandemic has catapulted telehealth adoption, forcing healthcare providers to improvise and adapt to new patient care forms. Meanwhile, smart hospitals are emerging as a growing trend in modern medical facilities. With the convergence of telehealth and smart hospitals, the need for efficient healthcare asset management has never been more important.

The need for more patient-centered care, reduced operating costs, and improved efficiency drives the emergence of smart hospitals. Smart hospitals have revolutionized patient care by incorporating technologies such as patient monitoring systems, automated medication dispensers, and digital health records management. These technologies have replaced traditional methods that, in some ways, put patient care at risk, such as handwritten prescriptions, manual record-keeping, and missed vital signs of deteriorating patients.

However, this transformation has also introduced new challenges, including managing healthcare assets that are key to smart hospitals' effectiveness and overall success. For healthcare providers to maximize patient outcomes, they need to balance the ever-increasing cost of healthcare technology, limited budgets, and maintenance needs, which is where healthcare asset management comes into play.

Healthcare asset management allows healthcare providers to trace, monitor, and manage their clinical and medical equipment's location, status, and condition effectively. It enables providers to identify the underutilized or overused equipment, identify equipment with high repair and maintenance costs, and optimize the utilization of assets. To meet the challenges associated with healthcare asset management, providers are adopting robust asset management systems that integrate with their healthcare IT systems to scale protection, locating, and management features across the enterprise.

Moreover, the increasing adoption of telehealth during the pandemic has increased the importance of efficient healthcare asset management. Telehealth involves remotely monitoring, diagnosing, and managing patient health through video and audio technology. It eliminates the need for in-person consultations that require healthcare providers to rely on essential equipment such as remote monitoring tools and telemedicine carts, which demand proper maintenance and asset management.

As providers shift to smart hospitals and telehealth services, asset management becomes critical in healthcare delivery. It enables providers to minimize the risks associated with medical equipment downtimes, lower operating costs, improve equipment utilization rates, and ultimately improve patient outcomes.

The future of healthcare is rapidly evolving, and the convergence of smart hospitals and telehealth represents a significant shift in how healthcare providers will deliver patient care. With the increasing demand for healthcare technology adoption, efficient asset management has become integral in healthcare delivery. Healthcare providers must implement robust and integrated healthcare asset management systems to track, monitor, and manage their assets effectively, ensuring patient safety, optimizing equipment utilization, and cost-effectiveness.

Frequently Asked Questions
  1. How big is the Healthcare Asset Management Market?
    Ans. The Global Healthcare Asset Management Market size was estimated at USD 14.98 billion in 2023 and expected to reach USD 16.25 billion in 2024.
  2. What is the Healthcare Asset Management Market growth?
    Ans. The Global Healthcare Asset Management Market to grow USD 23.93 billion by 2030, at a CAGR of 6.91%
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