The Healthcare Asset Management Market is driven by the need for...

The Healthcare Asset Management Market is driven by the need for improved asset utilization

Posted 2024-08-20 11:29:19

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The healthcare asset management market involves technologies and systems that help healthcare organizations track their medical equipment and devices throughout their lifecycle. This includes technologies like real-time location systems (RTLS), barcode, and RFID tags attached to assets that communicate with software systems to help hospital staff locate equipment when needed. The asset management systems provide inventory management, procurement, loaning/leasing of devices, repair and replacement of devices. They help improve asset utilization by reducing equipment purchase costs, lower maintenance and repair costs and optimizing asset allocation.

The Global Healthcare Asset Management Market is estimated to be valued at US$ 34.7 Billion in 2024 and is expected to exhibit a CAGR of 11.2% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Healthcare Asset Management are Aeroscout, Inc, Radianse, Motorola Solutions, Infor, Inc., IBM Corporation, GE Healthcare, Airista Flow, Sonitor Technologies, Siemens Healthineers, and Awarepoint Corporation, among others. These players are focusing on developing innovative solutions with advanced technologies like RTLS, AI, and machine learning to enhance asset tracking and workflow optimization in healthcare facilities.

The demand for Healthcare Asset Management Market Size solutions is growing due to rising adoption of IoT and connectivity technologies by hospitals and clinics. Asset intensive healthcare organizations are implementing these solutions to improve operational efficiency and optimize resource utilization using real-time location data of medical assets.

The global healthcare asset management market is expanding due to rising investments by market players in emerging countries of Asia Pacific, Middle East, and Latin America. Growing healthcare infrastructure and increasing number of hospitals in developing nations offer lucrative opportunities for market players for broadening their geographical presence.

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