Global Hospital Asset Management Market to Reach $19.8 Billion by 2030
The global market for Hospital Asset Management estimated at US$9.2 Billion in the year 2023, is expected to reach US$19.8 Billion by 2030, growing at a CAGR of 11.5% over the analysis period 2023-2030. Real time Location Systems (RTLS), one of the segments analyzed in the report, is expected to record a 13.2% CAGR and reach US$9.6 Billion by the end of the analysis period. Growth in the Radio-frequency Identification (RFID) segment is estimated at 10.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 10.8% CAGR
The Hospital Asset Management market in the U.S. is estimated at US$2.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2030 trailing a CAGR of 10.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 9.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.
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