Global Healthcare Asset Management Market Is Anticipated To Reach Around USD 410.29 Billion By 2032

Zion Market Research has published a new report titled “Healthcare Asset Management Market By Product (RFID, RLTS, and Ultrasound & Infrared Tags), By Application (Hospital Asset Management and Software Solutions), By End-User (Hospitals and Clinics, Pharmaceutical Companies, Bio-Technology Companies, and Others), By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032”. According to the report, the global healthcare asset management market size was valued at approximately USD 42.95 billion in 2023 and is predicted to reach around USD 410.29 billion by the end of 2032, expanding at a CAGR of around 28.50% from 2024 to 2032.

Organizations are facing various challenges, such as stringent regulatory requirements and the need for better resource management. Asset management in the healthcare sector aids in proper financial accountability and asset management. Healthcare asset management is useful in tracking surgical equipment, patients, newborns and personnel identification for treatment and audit trails, and inventory management.

Browse the full “Healthcare Asset Management Market By Product (RFID, RLTS, and Ultrasound & Infrared Tags), By Application (Hospital Asset Management and Software Solutions), By End-User (Hospitals and Clinics, Pharmaceutical Companies, Bio-Technology Companies, and Others), By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032” Report at https://www.zionmarketresearch.com/report/healthcare-asset-management-market

The growing adoption of asset management solutions by healthcare service providers is likely to drive the global healthcare asset management market and the need for better management of assets over the estimated timeframe. Other factors that are anticipated to contribute toward the growth of the healthcare asset management market globally include decreasing prices of RFID tags, stringent regulatory requirements as a good quality practice, increasing focus on brand protection to avoid drug counterfeiting, and the flourishing pharmaceutical, medical device, and biopharmaceutical industries. However, the high cost of RFID readers might hamper the healthcare asset management market growth.

The global healthcare asset management market segments are based on product, application, and end-user. By product, this market is segmented into radio-frequency identification (RFID) devices, real-time location systems (RTLS), and ultrasound and infrared tags. The RFID devices segment is further segmented into hardware, software, and services. The hardware products include tags, readers/interrogators, antennas, and accessories. Tags are bifurcated into active and passive. Passive tags are split into low-frequency, high-frequency, and ultra-high frequency. The RTLS segment is further segmented into hardware, software, and services. The hardware segment includes tags (badges) and readers (interrogators). The RFID segment held the largest market share in 2023. The increasing use of RFID devices by pharmaceutical and biopharmaceutical sectors to effectively manage product supply chains is likely to contribute toward this segment’s growth in the future.

By application, this market is segmented into hospital asset management and software solutions. The hospital asset management application segment is further split into equipment tracking and management, patient management, temperature and humidity control, staff management, and infection control and hand hygiene compliance. The software solutions application segment is sub-categorized into drug anti-counterfeiting and supply chain management. Hospitals and clinics, pharmaceutical companies, biotechnology companies, and others comprise the end-user segment of the healthcare asset management market. The other segments include laboratories, the cosmetic industry, medical device companies, etc. Hospitals and clinics are expected to dominate the global healthcare asset management market over the forecast period.

By region, North America dominated the global healthcare asset management market, with a revenue share of about 48.7%, in 2023. It is estimated that North America will retain its leading position over the forecast period owing to the growing adoption of RFID by pharmaceutical companies and decreasing prices of RFID tags. The second largest regional market in the global healthcare asset management market in 2023 was Europe. The Asia Pacific region is estimated to be a rapidly growing region in the healthcare asset management market globally, owing to the availability of cutting-edge products. The Middle Eastern and African region is anticipated to experience noticeable growth over the estimated timeframe.

Some key players of the global healthcare asset management market include AiRISTA Flow, Elpas, CenTrak, Inc., ThingMagic [A Novanta Company], Sonitor, Stanley Healthcare, Versus Technology, Inc., Zebra Technologies, GE Healthcare, and IBM Corporation, among others.

This report segments the global healthcare asset management market into:

Global Healthcare Asset Management Market: By Product

• Radio Frequency Identification Devices (RFID)
  • Hardware
    • Tags
      • Passive Tags
        • Low-Frequency
        • High-Frequency
        • Ultra-High-Frequency
      • Active Tags
    • Readers/Interrogators
    • Antennas
    • Accessories
  • Software
  • Services
• Real-Time Location Systems (RTLS)
  • Hardware
    • Tags/Badges
    • Readers/Interrogators
  • Software
  • Services
• Ultrasound and Infrared Tags

Global Healthcare Asset Management Market: By Application

• Hospital Asset Management
  • Equipment Tracking and Management
  • Patient Management
  • Temperature and Humidity Control
  • Staff Management
  • Infection Control and Hand Hygiene Compliance
• Software Solutions
  • Drug Anti-Counterfeiting
  • Supply Chain Management

Global Healthcare Asset Management Market: By End-User

• Hospitals and Clinics
• Pharmaceutical Companies
• Bio-Technology Companies
• Others (Laboratories, Cosmetic Industry, Medical Devices Companies, etc.)

Global Healthcare Asset Management Market: By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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