[FURL=https://www.industryarc.com/Report/16844/healthcare-asset-management-market.html]Healthcare Asset Management Market[/FURL] size was valued at $ 9.95Bn by 2019, and is anticipated to grow at a CAGR of 12.65% during the forecast period 2020-2025. The healthcare asset control and monitoring system is a critical component of successful management and usage of medical equipment and supplies. These systems are suitable for use in essential medical equipment and applications. They assist in medical facilities; improve treatment and better management of risk. The Healthcare Asset Management Market growth rate is attributed to focus on improved and optimized workflow, productivity, and safety and lowering capital assets as well as operational expenditure are likely accelerate the growth of the market in the forecast period of 2020-2025. Introduction of technical developments such as Zigbee, smart active labels (SALs) are also anticipated to fuel consumer demand. Furthermore, rising privacy concerns in hospitals and healthcare organizations, increasing use of hospital and pharmaceutical industry for effective supply chain and advantages such as increased return on investment and cost savings are expected to boost the growth of hospital asset management.
Key Takeaways
North America dominated the Healthcare Asset Management Market with a share of 31.55% in the year 2019.
The factors such as emergence of healthcare IT, the shifting of medical sector towards modern procedures are amongst the major factor to impel growth of Healthcare Asset Management Market.
Acceptance of asset management in hospitals, acceptance of asset management solutions in the pharmaceutical industry, decline in prices of RFID tags, and need for better asset management in hospitals are the key factors owing to the growth in the segment during forecast period 2020-2025.
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Healthcare Asset Management Market Drivers
Need for better control of properties in hospitals
Presently, growing demand to better manage their current employees has pushed healthcare organisations across the globe to implement effective asset management strategies and technologies. Some healthcare companies spend a substantial part of their budget on hospital equipment control.
Healthcare Asset Management Market top 10 companies are Tyco international Ltd., IBM Corporation, Awarepoint Corporation, Infor, Motorola solutions Inc., GE healthcare, Ekahau Inc., Siemens healthcare, Vizbee RFID systems Ltd., Sonitor technologies Inc., Versus technology Inc., and Zebra technologies corporation, Trimble navigation Ltd and others.
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