Press release
Exponential Growth Predicted for Global Hospital Asset Management Systems Market: CAGR of 26.2% and Key Drivers Revealed
Hospital Asset Management Systems Market Size
What Is The Projected Market Size Of The Global Hospital Asset Management Systems Market And Its Growth Rate?
• The market size has grown exponentially in recent years. It will grow from $26.57 billion in 2024 to $32.61 billion in 2025 at a CAGR of 22.7%.
• Expected growth can be attributed to regulatory compliance, cost reduction initiatives, rising healthcare costs, patient safety, and inventory control.
• The hospital asset management systems market size is projected to grow to $82.61 billion in 2029 at a CAGR of 26.2%.
• 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.
What Is Driving The Growth In The Hospital Asset Management Systems Market?
The growth in the hospital asset management systems market can be attributed to the rising number of hospitals. An increasing number of hospitals necessitates effective asset management to ensure the optimal use, maintenance, and tracking of assets. For instance, according to the American Hospital Association, the number of hospitals in the US increased from 6,090 in 2021 to 6,129 in 2023, and the total number of community hospitals rose from 3,453 in 2021 to 3,514 in 2023. Hence, the rising number of hospitals is certainly driving the growth of the hospital asset management system market.
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Who Are the Key Players Driving Hospital Asset Management Systems Market Growth?
• 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
• AiRISTA Flow Inc.
• Versus Technology Inc.
• Asset infinity
• InnoMaint
• Ezofficeinventory
• Sonitor Technologies AS
What Are The Key Trends In The Hospital Asset Management Systems Market?
• Integration with electronic health records
• Artificial intelligence (AI) and predictive analytics
• Global health crisis preparedness
• Telehealth and remote monitoring
• Energy efficiency and sustainability
• Blockchain technology
• Collaboration and interoperability
• Digital twins for equipment
• Big data analytics for asset optimization
• User-friendly interfaces
• Training
What Are The Segments Of The Global Hospital Asset Management Systems Market?
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
Which Region Leads The Hospital Asset Management Systems Market?
North America was the largest region in the hospital asset management systems market in 2024, while Asia-Pacific is projected to be the fastest-growing region in the forecast period. This comprehensive report covers various regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Hospital Asset Management Systems Market Global Market Report?
- Market Size Analysis: Analyze the Hospital Asset Management Systems Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hospital Asset Management Systems Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hospital Asset Management Systems Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hospital Asset Management Systems Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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