Hospital Asset Management Systems Market Share, Analysis, Outlook, Overview, Forecast 2024 - 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Hospital Asset Management Systems Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $64.56 billion In 2028 At A CAGR Of 24.2%.

The hospital asset management systems market size has grown exponentially in recent years. It will grow from $21.85 billion in 2023 to $27.1 billion in 2024 at a compound annual growth rate (CAGR) of 24.0%. The growth in the historic period can be attributed to regulatory compliance, cost reduction initiatives, rising healthcare costs, patient safety, inventory control.

The hospital asset management systems market size is expected to see exponential growth in the next few years. It will grow to $64.56 billion in 2028 at a compound annual growth rate (CAGR) of 24.2%. The growth in the forecast period can be attributed to integration with electronic health records, artificial intelligence (ai) and predictive analytics, global health crisis preparedness, telehealth and remote monitoring, energy efficiency and sustainability. Major trends in the forecast period include blockchain technology, collaboration and interoperability, digital twins for equipment, big data analytics for asset optimization, user-friendly interfaces and training.

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Hospital Asset Management Systems Market Major Segments
The hospital asset management systems market covered in this report is segmented -

1) By Product Type: Radio-Frequency Identification (RFID), Real-Time Location Systems (RTLS), Ultrasound And Infrared Tags
2) By Application: Patient Management, Equipment Tracking And Management, Temperature And Humidity Control, Infection Control And Hygiene Compliance, Staff Management, Pharmaceutical Asset Management, Other Applications
3) By End-Use: Hospitals, Laboratories, Other End Users

Key Driver - Rising Hospital Numbers Fueling Demand For Hospital Asset Management Systems

The rising number of hospitals is expected to propel the growth of the hospital asset management systems market going forward. Hospitals refer to an institution that is established, staffed, and equipped for illness diagnosis, medical and surgical treatment of the sick and injured, and accommodation throughout this procedure. The rising number of hospitals is driven by increased hospitalization, ICU stays, oxygen demand, and rising cases of chronic diseases. Hospital asset management system effectively managing their assets, ensuring it is used, maintained, and tracked as necessary. For instance, in May 2023, according to the American Hospital Association, a US-based national organization, the number of hospitals in the US increased from 6,090 in 2021 to 6,129 in 2023. Further, the system's total number of community hospitals rose from 3,453 in 2021 to 3,514 in 2023. Therefore, the rising number of hospitals is driving the growth of the hospital asset management system market.

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Prominent Trend - Innovative Product Offerings Revolutionize Hospital Asset Management Systems Market

Product innovation is a key trend gaining popularity in the hospital asset management systems market. Major companies operating in the hospital asset management systems market are concentrating on creating innovative products to strengthen their position in the market. For instance, in April 2023, GE HealthCare Technologies Inc, a US-based medical technology company, launched ReadySee, a new asset management and network supervision solution and Portrait Mobile monitoring solution, is designed to transform data into actionable insights about devices and infrastructure, eliminate manual efforts to locate such devices, and self-manage cybersecurity protocols to help identify vulnerabilities, provide risk scoring, and help protect sensitive patient health information (PHI). ReadySee helps biomedical and IT healthcare professionals ensure their devices are ready to go, so their clinical teams can be ready to care for their patients. The portrait mobile monitoring solution addresses the needs of wireless and wearable monitoring with a platform that leverages innovative technologies that are easily deployed on a hospital's IT infrastructure

Hospital Asset Management Systems Market Players
Major companies operating in the hospital asset management systems market report are McKesson Corporation, International Business Machines Corporation, Honeywell International Inc., Siemens Healthineers, GE Healthcare Technologies Inc., Zebra Technologies Corporation, Cerner Corporation, Trimble Inc., Philips Healthcare, Hill-Rom Holdings Inc., Midmark Corporation, Stanley Healthcare, Ascom Holding AG, Accruent LLC., Identiv Inc., RF Technologies Inc., CenTrak Inc., Fiix, Ekahau Inc., Jadak Technologies Inc., SmartPoint Technologies Pvt Ltd., Asset Panda, Securitas Healthcare LLC., Halt Medical Inc., AiRISTA Flow Inc., Versus Technology Inc., Asset infinity, InnoMaint, Ezofficeinventory, Sonitor Technologies AS.

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Largest And Fastest Growing Region In The Market
North America was the largest region in the hospital asset management systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hospital asset management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Hospital Asset Management Systems Market Report Structure
3. Hospital Asset Management Systems Market Trends And Strategies
4. Hospital Asset Management Systems Market - Macro Economic Scenario
5. Hospital Asset Management Systems Market Size And Growth
…..
27. Hospital Asset Management Systems Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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