Healthcare Asset Management Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Healthcare Asset Management Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Healthcare Asset Management Market

The Healthcare Asset Management Market size was valued at USD 11,002.50 million in 2019 and is projected to reach USD 215,133.5 million by 2032, exhibiting a CAGR of 25.3% during the forecast period of 2024-2032.

The COVID-19 pandemic had a huge effect at the healthcare asset control market. The call for for asset tracking systems surged as healthcare facilities struggled to control crucial scientific device like ventilators, PPE kits, and different essential supplies. Hospitals faced demanding situations in finding and using resources successfully, leading to an accelerated adoption of real-time place structures (RTLS) and RFID technology. Furthermore, the pandemic highlighted the need for efficient aid usage and stock control in healthcare, pushing companies to invest in asset management solutions to decorate operational efficiency and affected person care amidst exceptional healthcare demand.

A superb fashion inside the healthcare asset control market is the mixing of the Internet of Things (IoT) technologies. IoT-enabled asset control answers provide actual-time information, allowing healthcare carriers to tune equipment, screen its fame, and expect renovation desires successfully. The use of IoT sensors allows in reducing equipment downtime and enhancing utilization costs, consequently enhancing normal efficiency. This trend is gaining momentum as hospitals and clinics more and more undertake clever technology to streamline operations, reduce expenses, and enhance patient effects, mainly in response to the increasing demand for higher healthcare infrastructure submit-COVID-19.

The growing want for efficient resource utilization is a number one driving factor for the healthcare asset management market. With the rising wide variety of sufferers and confined clinical device, especially during the pandemic, healthcare companies had been below strain to optimize the use of to be had assets. Implementing advanced asset control structures enables in lowering wastage, enhancing device availability, and minimizing operational costs. Additionally, growing focus approximately the significance of powerful asset monitoring in decreasing health facility-associated losses and enhancing affected person care is propelling the marketplace increase, as healthcare centers goal to maximise the price in their investments.

Comprehensive Analysis of Healthcare Asset Management Market

The Healthcare Asset Management Market growth is rising at an exponential rate due to its marketplace segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by product, by application, by end user. By Product include Radiofrequency Identification (RFID), Real-time location systems (RTLS) ,Others. By Application include Staff Management, Equipment Tracking, Patient Tracking, Supply Chain Management. By End User include Hospitals, Laboratories, Others.

The North America location lead the Healthcare Asset Management Market share percentage via benefitting a marketplace size of USD 5495.03 million The U.S. is projected to witness lucrative growth due to factors such as increasing digitalization in healthcare sector coupled with favorable government policies, and flexible regulatory scenario.

The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Google LLC (Alphabet, Inc.), Magic Leap, Inc., ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, Vuzix,these market players provide a level-playing competitive landscape.

July 2021 - Zebra Technologies announced the acquisition of Fetch Robotics, an innovator in on-call for automation. This acquisition will accelerate the corporation’s increase in industrial automation as multiplied its awareness on robotics in client-centric solutions.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Historical Period 2016-2018

Unit Value (USD million)

SegmentationBy Product

Radiofrequency Identification (RFID)

Real-time location systems (RTLS)

Others

By Application

Staff Management

Equipment Tracking

Patient Tracking

Supply Chain Management

By End User

Hospitals

Laboratories

Others

By Geography

North America (U.S. and Canada)

Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

The Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)

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