Asset management in hospitals is the systematic approach to the governance of medical assets for which a department or group is responsible for the entire medical asset lifecycle from purchasing and operations to disposal. Asset management systems provide the ability to analyze, monitor, and report on healthcare assets. The most significant benefit of hospital asset management is that it can help healthcare organizations improve the way they care for their patients.

Market Dynamics:

Growing focus on assets management, increasing concerns of drug counterfeiting, need to increase efficiency in healthcare institutions, growing concerns for patient safety, rise in adoption of asset management solutions, and implementation of advanced technologies are major factors expected to drive growth of the global healthcare asset management market.

For instance, In May 2023, GE HealthCare announced the launch of a new asset management & network supervision solution, ReadySee, and the Portrait Mobile Monitoring solution. ReadySee is designed to transform data into actionable insights about devices and infrastructure; to eliminate manual efforts to locate such equipment; and self-manage cybersecurity protocols to help identify vulnerabilities, and help protect sensitive patient health information. Whereas, the Portrait Mobile Monitoring solution addresses the needs of wireless and wearable monitoring with a platform that leverages novel technologies that are deployed on a hospital’s IT infrastructure.

Key features of the study:

• This report provides in-depth analysis of the global healthcare asset management market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global healthcare asset management market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Aeroscout, Inc, Radianse, Motorola Solutions, Airista Flow, IBM Corporation, GE Healthcare, Sonitor Technologies, Siemens Healthineers, Infor, Inc., and Awarepoint Corporation, among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global healthcare asset management market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global healthcare asset management market.

Detailed Segmentation:

• Healthcare Asset Management Market, By Technology:
  • Real Time Location Systems (RTLS)
  • Radio Frequency Identification (RFID) Systems
  • Active RFID
  • Passive RFID
• Healthcare Asset Management Market, By Component:
  • Hardware
  • Software
  • Services
• Healthcare Asset Management Market, By Application:
  • Staff Management
  • Equipment Tracking
  • Patient Tracking
  • Supply Chain Management
• Healthcare Asset Management Market, By End Users:
  • Hospitals/Clinics
  • Laboratories
  • Pharmaceuticals
  • Bio-Technology
• Healthcare Asset Management Market, By Geography:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
• Company Profiles:
  • Aeroscout, Inc.
  • Radianse
  • Motorola Solutions
  • Infor, Inc.
  • IBM Corporation
  • GE Healthcare
  • Airista Flow
  • Sonitor Technologies
  • Siemens Healthineers
  • Awarepoint Corporation