Hospital Asset Management Market Likely to Boost Future Growth by 2030 | GE Healthcare

HTF Market Intelligence published a new research document of 150+pages on Hospital Asset Management Market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Hospital Asset Management market was mainly driven by the increasing R&D spending by leading and emerging player, however latest scenario and economic slowdown have changed complete market dynamics.

Some of the key players profiled in the study are GE Healthcare (United States), IBM Corporation (United States), AiRISTA Flow (United States), Elpas (United States), CenTrak, Inc. (United States), Honeywell International Inc. (United States), ThingMagic [A Novanta Company (United States)], Sonitor (Norway), Stanley Healthcare (United States), Versus Technology, Inc. (United States)

The Global Hospital Asset Management market was valued at USD 14.5 Million in 2024 and is expected to reach USD Million by 2030, growing at a CAGR of 10.68 % during 2024-2030.

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Definition: Hospital asset management involves the systematic tracking and monitoring of medical equipment, devices, and other assets within a healthcare facility. This aims to enhance asset utilization, streamline maintenance, and improve overall operational efficiency in healthcare settings.
Market Trends:
Advancements in advanced technologies such as artificial intelligence and machine learning are being used in healthcare asset management systems to enable asset tracking, predictive maintenance, and inventory management which deliver real-time insights with efficient decision-making. Adoption of cloud-based solutions in these asset management systems as they offer higher flexibility, scalability, and cost-effectiveness. Healthcare providers now access real-time data and analytics at their convenience. Healthcare providers are adopting mobile devices to access hospital asset management systems at any place which enhances patient care and reduces downtime.
Market Drivers:
Rising demand for healthcare services due to the prevalence of chronic diseases drives growth in the global hospital asset management market. Healthcare providers can manage their assets more effectively with the use of hospital asset management systems thereby enhancing patient outcomes and lowering costs. Increased awareness about the benefits of adopting asset management systems in the healthcare industry fuels the expansion of the global hospital asset management market. Adoption of these systems offers increased asset usage, lower maintenance costs, and better inventory control which in turn increases productivity and efficiency. Growing demand for cost-effective solutions accelerates market expansion. Hospital asset management systems assist providers in maximizing the use of their assets and cutting down on maintenance expenses.
Market Opportunities:
Continued development of advanced tracking technologies, expansion of asset management solutions to smaller healthcare facilities, and integration with electronic health records (EHR).
Market Restraints:
The cost of implementation and maintenance of the healthcare asset management system is high as it involves the usage of advanced software and hardware. This high cost acts as a barrier to entry for various small healthcare providers. Moreover, these systems require constant maintenance which limits the adoption rate. The healthcare asset management system is a part and parcel of the technological environment and is thus vulnerable to data privacy and security concerns. The privacy of patients and the reputation of healthcare providers may suffer significantly because of data breaches or security flaws which hampers the overall market growth. Lack of standardization leads to fragmented solutions and makes it challenging for the effective utilization of the systems. In December 2021, Dude Solutions, a SaaS provider of cloud-based operations management solutions announced the acquisition of Facility Health Inc, a solutions provider transforming physical environments. The acquisition aimed to expand Dude Solution's offering to midmarket and enterprise-level healthcare organization and strengthen their North American Footprint. The global hospital asset management system market is governed by various regulations and standards to ensure safety, data privacy, and maintaining healthcare standards. The Health Insurance Portability and Accountability Act (HIPAA) is a law that defines requirements for the security of patient health information used in asset management systems. The Food and Drug Administration in the United States guarantee that medical tools and equipment are reliable and safe for use by patients.

The titled segments and sub-section of the market are illuminated below:
The Study Explore the Product Types of Hospital Asset Management Market: Real-time Location Systems (RTLS), Radio-frequency Identification (RFID), Ultrasound, Infrared
Key Applications/end-users of Hospital Asset Management Market: Hospital [Equipment, Patient Monitoring, Staff Management, Hand Hygiene
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With this report you will learn:
• Who the leading players are in Hospital Asset Management Market?
• What you should look for in a Hospital Asset Management
• What trends are driving the Market
• About the changing market behaviour over time with strategic view point to examine competition
Also included in the study are profiles of 15 Hospital Asset Management vendors, pricing charts, financial outlook, swot analysis, products specification &comparisons matrix with recommended steps for evaluating and determining latest product/service offering.

List of players profiled in this report: GE Healthcare (United States), IBM Corporation (United States), AiRISTA Flow (United States), Elpas (United States), CenTrak, Inc. (United States), Honeywell International Inc. (United States), ThingMagic [A Novanta Company (United States)], Sonitor (Norway), Stanley Healthcare (United States), Versus Technology, Inc. (United States)

Who should get most benefit from this report insights?
• Anyone who are directly or indirectly involved in value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for Hospital Asset Management
• Marketers and agencies doing their due diligence in selecting a Hospital Asset Management for large and enterprise level organizations
• Analysts and vendors looking for current intelligence about this dynamic marketplace.
• Competition who would like to benchmark and correlate themselves with market position and standings in current scenario.

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Quick Snapshot and Extracts from TOC of Latest Edition
• Overview of Hospital Asset Management Market
• Hospital Asset ManagementSize (Sales Volume) Comparison by Type (2024-2030)
• Hospital Asset Management Size (Consumption) and Market Share Comparison by Application (2024-2030)
• Hospital Asset Management Size (Value) Comparison by Region (2024-2030)
• Hospital Asset Management Sales, Revenue and Growth Rate (2024-2030)
• Hospital Asset Management Competitive Situation and Current Scenario Analysis Strategic proposal for estimating sizing of core business segments Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type Analyse competitors, including all important parameters of Hospital Asset Management
• Hospital Asset Management Manufacturing Cost Analysis Latest innovative headway and supply chain pattern mapping of leading and merging industry players

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