Hospital Asset Tracking and Inventory Management Systems Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts

The Hospital Asset Tracking and Inventory Management Systems Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Hospital Asset Tracking and Inventory Management Systems Market Size and Its Estimated Growth Rate?
The market for hospital asset tracking and inventory management systems has been experiencing a robust growth over the past few years. Projected to expand from $30.25 billion in 2024 to $32.52 billion in 2025, it presents a compound annual growth rate (CAGR) of 7.5%. This growth during the historical period is associated with several factors such as the need for cost reduction, rising complexity in healthcare operations, concerns related to patient safety, the surge in data analytics, and growing expenditure in the healthcare sector.

Strong expansion is projected in the hospital asset tracking and inventory management systems market in the coming years. The market is anticipated to balloon to $43.24 billion by 2029, with a compound annual growth rate (CAGR) of 7.4%. Factors such as integration with electronic health records (EHR), remote monitoring and management, the need for real-time visibility, sustainability emphasis, and global health events impact are contributing to this predicted growth. Key trends for the forecast period encompass applications of artificial intelligence (AI), the rise of blockchain technology, technological progression, the use of rid technology, data analytics for operational understanding, and the implementation of cloud-based solutions.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7461

How Are Emerging Segments Shaping the Hospital Asset Tracking and Inventory Management Systems Market Landscape?
The hospital asset tracking and inventory management systems market covered in this report is segmented -

1) By Product Type: Mobile, Fixed, Other Inventory
2) By Technology: Hardware, Software
3) By Application: Equipment Or Device Or Supplies Tracking, Equipment Maintenance

Subsegments:
1) By Mobile: Mobile Asset Tracking Devices, Mobile Inventory Management Applications
2) By Fixed: Fixed Asset Tracking Systems, Fixed Inventory Management Solutions
3) By Other Inventory: RFID-based Inventory Systems, Barcode-based Inventory Management, Manual Inventory Management Systems

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7461&type=smp

Which Growth Factors Are Influencing Hospital Asset Tracking and Inventory Management Systems Market Expansion?
The surge in the patient volume in healthcare institutions has been a pivotal contributing element to the expansion of the hospital asset tracking and inventory management systems market. The influx of patients, triggered by the COVID-19 pandemic, lifestyle diseases, and other health conditions like cancer, requiring hospital care, is increasing. This escalation in patient numbers has amplified the need for medical equipment and inventory, thus pushing the growth of asset tracking and inventory management systems. For instance, the Nuffield Trust, a charitable entity based in the UK, reported in May 2024 that there was a rise in the percentage of patients in private hospitals in England - an increase from 5.6% before the pandemic to 7.5% during the 2022/23 period. Consequently, the intensifying patient load in hospitals is fueling the expansion of the hospital asset tracking and inventory management systems market.

Who Are the Dominant Players Across Different Hospital Asset Tracking and Inventory Management Systems Market Segments?
Major companies operating in the hospital asset tracking and inventory management systems market include IBM Corporation, Honeywell International Inc., Siemens Healthineers AG, GE Healthcare, Stanley Black & Decker, Avery Dennison Corporation, Zebra Technologies Corporation, ThingMagic (Trimble Inc.), Infor Inc., CenTrak (Halma plc), Epicor Software Corporation, Jadak- A Novanta Company, Midmark Corporation, Ascom Holding AG, Impinj Inc., Elpas Solutions, Identiv Inc., Sato Holdings Corporation, Alien Technology, Censis Technologies, Mobile Aspects, Ekahau Inc., AiRISTA Flow Inc, Sonitor Technologies Inc, Cybra Corporation, LogiTag Systems, Solstice Medical

What Are the Latest Developing Trends in the Hospital Asset Tracking and Inventory Management Systems Market?
Key players in the hospital asset tracking and inventory management systems market are creating innovative products such as healthcare asset management systems to increase efficiency, lower expenses, and enhance patient care. Healthcare asset management comprises the organized method of managing assets of a healthcare institution which may include medical devices, facilities, IT framework, and personnel. For example, in April 2024, TRIMEDX, a biotech firm based in the US, introduced GeoSense, a pioneering Real-Time Location System (RTLS) specifically designed for healthcare asset management. This inventive system offers room-level accuracy in tracking medical equipment, notably decreasing search time by up to 50%, and enabling healthcare professionals to dedicate more time to patient care. GeoSense smoothly blends with TRIMEDX's pre-existing data platforms and comes with a user-friendly mobile application for immediate device location at the care point.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/hospital-asset-tracking-and-inventory-management-systems-global-market-report

Which Geographic Regions Are Expected to Dominate the Hospital Asset Tracking and Inventory Management Systems Market in the Coming Years?
North America was the largest region in the hospital asset tracking and inventory market in 2024. The regions covered in the hospital asset tracking and inventory management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hospital Asset Tracking and Inventory Management Systems Market?
2. What is the CAGR expected in the Hospital Asset Tracking and Inventory Management Systems Market?
3. What Are the Key Innovations Transforming the Hospital Asset Tracking and Inventory Management Systems Industry?
4. Which Region Is Leading the Hospital Asset Tracking and Inventory Management Systems Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.