Global Healthcare Asset Management Market 2018-2023: Expanding Application Areas of Healthcare Asset Management Solutions Offers Lucrative Opportunities
August 09, 2018 --
DUBLIN, Aug 9, 2018 /PRNewswire/ --
The "Healthcare Asset Management Market by Product (RFID, RTLS, Ultrasound, Infrared), Application (Hospital (Equipment, Patient Monitoring, Staff Management, Hand Hygiene), Pharma (Drug Counterfeiting, Supply Chain)) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global healthcare asset management market is projected to reach USD 35.19 billion by 2023 from USD 8.98 billion from 2018, at a CAGR of 31.4%.
The growth of the healthcare asset management market is driven by need for better asset management in hospitals, acceptance of asset management solutions in the pharmaceutical industry, and decline in prices of RFID Tags.
Based on product, the healthcare asset management market is segmented into radiofrequency identification (RFID) devices, real-time location systems (RTLS), and ultrasound & infrared tags. Of all these product segments, the RFID devices segment is expected to account for the largest share of the healthcare asset management market in 2018. RTLS on the other hand is expected to register the highest CAGR during the forecast period owing to the higher precision and accuracy offered by RTLS for tracking and monitoring assets in healthcare facilities.
Based on type, RFID hardware market is further segmented into tags, readers/interrogators, antennas, and accessories. RFID tags are expected to account for the largest share of the RFID hardware market in 2018. The large share can primarily be attributed to the increasing acceptance of RFID in pharmaceutical companies, declining prices of RFID tags, and the availability of technologically advanced products in the market.
The global healthcare asset management market, by application is segmented into hospital asset management and pharmaceutical asset management. The hospital asset management segment is estimated to be the largest segment in 2018. The growing need for effective asset management in hospitals, expanding application areas of asset management solutions and the availability of technologically advanced products are some of the major factors driving the growth of this segment. Hospital asset management market is further segmented into equipment tracking and management, patient management, temperature and humidity control, staff management, and infection control and hand hygiene compliance. In 2018, the equipment tracking and management is expected to account for the largest share of the hospital asset management market owing to the need for better asset management in hospitals.
The market is dominated by North America, followed by Europe. The dominance of the North American market is attributed to factors such as growing patient safety concerns, acceptance of healthcare asset management solutions in hospitals, increasing need to tackle drug counterfeiting, technologically advanced products, and the presence of key players in the region.
While the healthcare asset management market represents significant growth opportunities, market growth may be hindered due to the high cost of RFID readers.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Healthcare Asset Management Market Overview
4.2 Healthcare Asset Management Products Market, By Type, (2018 vs 2023)
4.3 RFID Market, By Component
4.4 Geographic Analysis: Healthcare Asset Management Market, By Application and Region (2018)
4.5 Geographic Snapshot: Healthcare Asset Management Market (2018-2023)
5 Market Overview
5.2 Market Dynamics
5.2.1 Market Drivers
188.8.131.52 Need for Better Asset Management in Hospitals
184.108.40.206 Acceptance of Asset Management Solutions in the Pharmaceutical Industry
220.127.116.11 Decline in Prices of RFID Tags
5.2.2 Market Restraints
18.104.22.168 High Cost of RFID Readers
5.2.3 Market Opportunities
22.214.171.124 IOT-Based Healthcare Asset Management (IOT-HAM)
126.96.36.199 Expanding Application Areas of Healthcare Asset Management Solutions
188.8.131.52 Technological Advancements
184.108.40.206 Emerging Economies
5.2.4 Market Challenges
220.127.116.11 Issues Related to Data Security and Privacy
6 Healthcare Asset Management Market, By Product
6.2 Radiofrequency Identification (RFID) Devices
18.104.22.168.1 Passive Tags
22.214.171.124.1.1 High-Frequency (HF) Tags
126.96.36.199.1.2 Ultra-High-Frequency(UHF) Tags
188.8.131.52.1.3 Low-Frequency (LF) Tags
184.108.40.206.2 Active Tags
6.3 Real-Time Location Systems (RTLS)
6.4 Ultrasound & Infrared Tags
7 Healthcare Asset Management Market, By Application
7.2 Hospital Asset Management
7.2.1 Equipment Tracking and Management
7.2.2 Patient Management
7.2.3 Temperature and Humidity Monitoring
7.2.4 Staff Management
7.2.5 Infection Control and Hand Hygiene Compliance
7.3 Pharmaceutical Asset Management
7.3.1 Drug Anti-Counterfeiting
7.3.2 Supply Chain Management
8 Healthcare Asset Management Market, By Region
8.2 North America
8.5 Rest of the World
9 Competitive Landscape
9.2 Market Ranking Analysis, By Key Player
9.3 Competitive Scenario
9.3.1 Product Launches
9.3.2 Agreements and Partnerships
10 Company Profiles
10.1 Airista Flow (An Airista Affiliate)
10.3 GE Healthcare (A General Electric Company)
10.6 Intelligent Insites
10.7 Thingmagic (A Novanta Company)
10.9 Stanley Black & Decker, Inc.
10.10 Versus Technology (A Midmark Company)
10.11 Zebra Technologies
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