Hospital Asset Management Market Size, Share 2021 Trends, Business Growth, Application, Development, Segmentation, Application, Types, Drivers, and Forecast 2030

In a recently published report, Hospital Asset Management Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Hospital Asset Management Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Hospital Asset Management Market is valued approximately USD 6.30 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.20 % over the forecast period 2020-2027. A Hospital asset management system helps to protect and manage hospital equipment. It uses automated software systems to monitor environment in hospital campus. The technology solutions are gaining traction due to the rising concerns regarding security. It offers competitive edge to hospitals by positioning their premise as monitored and secure place. Also, it gives competitive edge to hospitals by positioning their premise as secure and monitored place. Growing acceptance of asset management techniques due to reduction in the cost of hardware and software is anticipated to supplement the drive the growth of the market. Introduction of technological advancements such as smart active labels and Zigbee would also create lucrative growth aspects for the market. 

Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. In February 2019, Cigna and Sentara Healthcare have combined a new health utility network using blockchain. The purpose of the agreement is to convene a broad ecosystem of the healthcare enterprises in shared and secured environmental with a goal of allowing enterprises to build , deploy and share solutions using blockchain that drives digital transformation in the industry.
However, high cost associated with RFID Readers and rising concerns related to data security as well as privacy is hampering the growth of this market.

The regional analysis of global Hospital Asset Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region due to the growing awareness about the benefits of deploying asset management systems in healthcare. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Airista Flow (An Airista Affiliate)
Elpas
GE Healthcare (A General Electric Company)
CenTrak, Inc.
IBM Corporation
Intelligent Insites
Thingmagic (A Novanta Company)
Sonitor
Stanley Black & Decker, Inc.
Versus Technology (A Midmark Company)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product :
Radiofrequency Identification (RFID) Devices
Real-Time Location Systems (RTLS)
Ultrasound & Infrared Tags
By Application:
Hospital Asset Management
Pharmaceutical Asset Management  
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Hospital Asset Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors






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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Hospital Asset Management Market, by Region, 2018-2027 (USD Billion)
1.2.2. Hospital Asset Management Market, by Product 2018-2027 (USD Billion)
1.2.3. Hospital Asset Management Market, by Application 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hospital Asset Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hospital Asset Management Market Dynamics
3.1. Hospital Asset Management Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Hospital Asset Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Hospital Asset Management Market, by Product
5.1. Market Snapshot
5.2. Global Hospital Asset Management Market by Product, Performance – Potential Analysis
5.3. Global Hospital Asset Management Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
5.4. Hospital Asset Management Market, Sub Segment Analysis
5.4.1.   Radiofrequency Identification (RFID) Devices
5.4.2. Real-Time Location Systems (RTLS)
5.4.3. Ultrasound & Infrared Tags

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