Global Hospital Asset Management Systems Market Growth Analysis 2024, Forecast To 2033
8 Mar, 2024
The hospital asset management systems market has seen remarkable growth, expanding from $21.85 billion in 2023 to $27.1 billion in 2024, marking a CAGR of 24.0%. This growth is attributed to factors such as regulatory compliance, cost reduction efforts, and a heightened focus on patient safety and inventory control. Looking forward, the market is poised for continued exponential growth, projected to reach $64.56 billion in 2028, with a CAGR of 24.2%. Anticipated drivers of this growth include integration with electronic health records, the integration of artificial intelligence and predictive analytics, and increased focus on energy efficiency and sustainability in healthcare. Key trends in the forecast period include the adoption of blockchain technology, enhanced collaboration and interoperability, and the utilization of digital twins for equipment management, alongside significant advancements in big data analytics for asset optimization and user-friendly interfaces and training methods.
Global Hospital Asset Management Systems Market Key Driver
The hospital asset management systems market anticipates growth, buoyed by the rising number of hospitals, driven by increased hospitalization rates, ICU stays, oxygen demand, and chronic disease cases. Hospital asset management systems ensure efficient asset utilization, maintenance, and tracking. For instance, in May 2023, the American Hospital Association reported an increase in the number of hospitals in the US, propelling the market forward.
Get A Free Sample Of The Global Hospital Asset Management Systems Market ReportGlobal Hospital Asset Management Systems Market Segments
The hospital asset management systems market covered in this report is segmented –
1) Product Type:Radio-Frequency Identification (RFID), Real-Time Location Systems (RTLS), Ultrasound And Infrared Tags
2) Application:Patient Management, Equipment Tracking And Management, Temperature And Humidity Control, Infection Control And Hygiene Compliance, Staff Management, Pharmaceutical Asset Management, Other Applications
3) End-Use:Hospitals, Laboratories, Other End Users
By Geography: The countries covered in the hospital asset management systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
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
Major Hospital Asset Management Systems Industry Players
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.
Get The Full Global Hospital Asset Management Systems Market Report
Hospital Asset Management Systems Market Overview
Hospital asset management systems refer to a method for arranging, looking after, and monitoring the assets used in a healthcare center. Hospital asset management systems track and manage a hospital's physical assets.