Global Healthcare Asset Management Market Size, Share, Forecast Report, 2020-2027

The healthcare asset management market is expected to grow during the forecast period (2018–2023) at a CAGR ~18.2%.

Healthcare asset management uses applications such as Radiofrequency Identification (RFID) and plays an important role in optimization and effective use of medical devices, managing inventory and reducing human error. The growing concern for patient safety, need to increase the efficiency of available resources, and acceptance of advanced technology in the healthcare sector are expected to drive the growth of the market. Moreover, rising R&D spending and strategies applied by major players such as new product development are contributing to the growth of the market. For instance, in August 2018, Infor Inc. which is a major player in the healthcare asset management sector announced the latest version of Enterprise Asset Management (EAM) software.

The rising concerns about patient safety, accuracy issues with the devices, the high installation cost of healthcare asset management tools, and poor implementation due to organizational and infrastructure issues may hamper the growth of the market during the assessment period.

Segmentation

The healthcare asset management market has been segmented on the basis of product, application, and end-user.

On the basis of product, the market has been classified as real-time location systems (RTLS), radiofrequency identification (RFID) devices and ultrasound & infrared tags. The real-time location systems (RTLS) segment has been further divided into hardware, software and services. The hardware segment has been further divided into tags/badges and readers/interrogators.

The radiofrequency identification (RFID) devices have been classified as hardware, and software and services. the hardware segment has been divided tags, readers/interrogators, and accessories. The tags sub-segment has been segmented into passive tags and active tags. The passive tags segment has been divided into high-frequency (HF) tags, ultra-high-frequency (UHF) tags and low-frequency (LF) tags. Furthermore, the application segment has been sub-segmented into hospital asset management and pharmaceutical asset management. The hospital asset management segment includes equipment tracking and management, patient management, temperature and humidity monitoring, staff management and infection control and hand hygiene compliance. The pharmaceutical asset management segment includes drug anti-counterfeiting and supply chain management.

The market, by end-user, has been segmented into Hospital/Clinic, Laboratories, Pharmaceutical companies, Biotechnology.
Key Players

Some of the key players in the healthcare asset management market are cenTrak, Airista Flow, GE Healthcare, IBM Corporation, Infor Inc., Tyco Security Products., Intelligent InSites, Motorola Solutions, Inc., Radianse, JADAK (a Novanta Company), Siemens Healthineers, Sonitor Technologies, Stanley Black & Decker, Inc., Ekahau, Inc.

Healthcare Asset Management Market, by Product

• Real-Time Location Systems (RTLS)
• Hardware
• Tags/Badges
• Readers/Interrogators
• Software
• Services
• Radiofrequency Identification (RFID) Devices
• Hardware
• Tags

• Passive Tags
  • High-Frequency (HF) Tags
  • Ultra-High-Frequency (UHF) Tags
  • Low-Frequency (LF) Tags
• Active Tags

• Readers/Interrogators
• Antennas
• Accessories
• Software
• Services
• Ultrasound and Infrared Tags

Healthcare Asset Management Market, by Application

• Hospital Asset Management
• Equipment Tracking and Management
• Patient Management
• Temperature and Humidity Monitoring
• Staff Management
• Infection Control and Hand Hygiene Compliance
• Pharmaceutical Asset Management
• Drug Anti-Counterfeiting
• Supply Chain Management

Healthcare Asset Management Market, by End-User

• Hospital/Clinic

• Laboratories
• Pharmaceutical companies
• Biotechnology firms