Hospital Asset Management Market Outlook:
According to the research report published by DataM Intelligence, the global Hospital Asset Management Market size is projected to reach USD XX billion by the end of 2029, with growth at a CAGR of 30.1% during the forecast period 2022-2029.
Global Hospital Asset Management Market is segmented By Type into Real-Time Location Systems, Radio-Frequency Identification, Ultrasound, and Infrared. By Application to Patient Management, Staff Management, Instrument Management, Supply Chain Management. By End-User into Hospitals and Clinics, Pharmaceutical Companies, Biotechnology Companies, Others. By Region into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa – Industry Growth Size Share Demand Trends Analysis.
The rapidly growing trend of digitalization of hospital operational workflows has been catalyzing the implementation of assorted cost-effective asset management systems. The commercialization of medical equipment management apps particularly has expanded the avenues within the hospital asset management market.
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Hospitals thus find asset management plans as central to complying with patient safety regulations furthermore as the quality of care, thus acting as a key driver of the hospital asset management market. The demand for hospital asset tracking and inventory management systems has been ascending by virtue of the commercialization of the treatment industry.
The hospital asset management market is predicted to witness lucrative growth during the forecast period as a result of the increasing issues in supply chain management together with increasing incidences of drug counterfeiting. Growing acceptance of asset management techniques because of a reduction in the cost of software and hardware is predicted to drive this market through to 2022.
North America held a serious share of the world hospital asset management market in 2018. Considerable implementation of solutions for meeting patient safety norms and maximizing returns on investment on inventory in a growing number of hospitals have propelled revenue generation.
The Asia Pacific hospital asset management market is witnessing vast lucrative opportunities. India, China, Vietnam, the Republic of Korea, and Indonesia are expected to contribute substantial revenue gains to the regional market during the forecast period (2019–2027). The realization of multiple benefits of effective asset management during a medical building is spurring the demand across the region.
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Major Companies controlling the global market are:
Ascom, Awarepoint Corporation, CenTrak, Ekahau, GE Healthcare, Honeywell International, Inc., Impinj, Inc., Sonitor Technologies, STANLEY Healthcare, and ZIH Corp are the leading market players with significant market share.
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