Hospital Asset Management Market at US$ 5,986.5 Mn in 2020 and is anticipated to expand at a CAGR of 9.5% from 2022 to 2030

the global Hospital Asset Management market for the historical period 2017, base year 2018 and forecast period 2019–2027, focus on improved and optimized workflow, productivity, and safety and lowering capital assets as well as operational expenditure are projected to drive the global hospital asset management market during the forecast period

According to the report, the global hospital asset management market was valued at US$ 5,986.5 Mn in 2018 and is anticipated to expand at a CAGR of 9.5% from 2019 to 2030

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Reduction in Inventory while Improving Return on Investment: Key Drivers

Efficient use of wide range of information technology-based hospital asset management solutions in various tasks such as equipment tracking, automating maintenance, observing instrument utilization rates enables smooth adoption of business analytics intelligence software in healthcare centers. This, in turn, provides substantial return on investment if compared to cost of installation of these systems.

This enables healthcare centers such as hospitals to use financial resources in better way and gain significant returns

According to the 2022 Hospital Vision Study conducted by ZIH Corp, nearly 55% of the hospitals mentioned reduction in patient care cost due to implementation of asset management solutions.

Improved and Optimized Workflow, Productivity, and Safety by Using Hospital Asset Management Solutions to Boost Market Growth

Use of automated workflows management & business analytics to improve workflow is increasing exponentially from last few years.

These hospital asset management solutions offer various advantages such as reducing amount of paperwork admissions & discharges, nurse rounding and maintenance of capital equipment.

In October 2017, Ascom announced the launch of Ascom Digistat Vitals app which enables hospitals to reduce double documentations and reduce scoring & associated errors. This application provides faster availability of vitals and clinical scores in electronic medical records.

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Privacy Concern on Patient and Equipment Database to Hamper Market

Use of healthcare IT solutions comes with a risk of possible data breaches. According to a research study published in The American Journal of Managed Care in 2018, in the U.S., IT incident i.e. hacking affected 4,685,426 individuals during 2009-2016, followed by theft affecting 1,161,476 individuals.

Global Hospital Asset Management Market: Competitive Landscape

This report profiles major players in the global hospital asset management market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments

The global hospital asset management market is highly fragmented, with the presence of a number of international as well as regional players

Leading players operating in the global hospital asset management market are

  • Ascom
  • AWAREPOINT CORPORATION
  • CenTrak (Halma plc)
  • Ekahau
  • GE Healthcare (General Electric Company)
  • Honeywell International Inc.
  • Impinj, Inc.
  • Sonitor Technologies
  • STANLEY Healthcare (Stanley Black & Decker, Inc.)
  • ZIH Corp

Global Hospital Asset Management Market: Key Developments

Key players in the global hospital asset management market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global hospital asset management market. A few expansion strategies adopted by players operating in the global hospital asset management market are:

In March 2018, CenTrak announced the launch of IRUS, world’s first Hybrid Ultrasound-Gen2IR sensing technology for use in preoperative and post-anesthesia care units, infusion areas, and emergency departments

In February 2018, STANLEY Healthcare and Sonitor Technologies announced their partnership to integrate the latter’s novel Sense High Definition Ultrasound indoor positioning technology into the former’s AeroScout Real-Time Location System (RTLS) platform

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In February 2017, STANLEY Healthcare announced the launch of cloud-based subscription service for its MobileView Analytics platform for asset management and environmental monitoring applications

In February 2017, Impinj, Inc. announced partnership and platform integration with STANLEY Healthcare (Stanley Black & Decker, Inc.). STANLEY Healthcare is expected to integrate the RAIN RFID Platform with its MobileView real-time location system (RTLS) software platform, and market the Impinj-STANLEY Healthcare solution as part of STANLEY Healthcare’s extensive portfolio.

The report on the global hospital asset management market discussed individual strategies, followed by company profiles of manufacturers of hospital asset management solutions. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global hospital asset management market.

Key Questions Answered in Global Hospital asset management Market Report

  • What is the scope of growth of product companies in the global hospital asset management market?
  • What will be the Y-o-Y growth of the global hospital asset management market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global hospital asset management market?
  • Will North America continue to be the most profitable market for hospital asset management providers?
  • Which factors are anticipated to hamper the growth of the global hospital asset management market during the forecast period?
  • Which are the leading companies in the global hospital asset management market?

The global hospital asset management market has been segmented as follows:

Product

  • Real-time Location System (RTLS)
  • Radio-frequency Identification (RFID)
  • Ultrasound
  • Infrared

Application

  • Patient Management
  • Staff Management
  • Instrument Management
  • Supply Chain Management

Region

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • GCC Countries
  • South Africa
  • Israel
  • Rest of Middle East & Africa

TABLE OF CONTENT

 

1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Hospital Asset Management Market

4. Market Overview

4.1. Introduction

4.1.1. Type Definition

4.1.2. Industry Evolution / Developments

4.2. Overview

4.3. Market Dynamics

4.3.1. Drivers

4.3.2. Restraints

4.3.3. Opportunities

4.4. Global Hospital Asset Management Market Analysis and Forecast, 2017–2027

4.4.1. Market Revenue Projections (US$ Mn)

5. Key Insights

5.1. Regulatory Scenario Assessment

5.2. Impact of Asset Management in Hospitals

5.3. Technological Advancements

5.4. Healthcare Overview

6. Global Hospital Asset Management Market Analysis and Forecast, by Product

6.1. Introduction & Definition

6.1.1. Key Findings / Developments

6.2. Global Hospital Asset Management Market Value Forecast, by Product, 2017–2027

6.2.1. Real-time Location Systems (RTLS)

6.2.2. Radio-frequency Identification (RFID)

6.2.3. Ultrasound Tags

6.2.4. Infrared Tags

6.3. Global Hospital Asset Management Market Attractiveness, by Product

7. Global Hospital Asset Management Market Analysis and Forecast, by Category

7.1. Introduction & Definition

7.1.1. Key Findings / Developments

7.2. Global Hospital Asset Management Market Value Forecast, by Application, 2017–2027

7.2.1. Staff Management

7.2.2. Patient Management

7.2.3. Supply Chain Management

7.2.4. Instrument Management

7.3. Global Hospital Asset Management Market Attractiveness, by Application

8. Global Hospital Asset Management Market Analysis and Forecast, by Region

………

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