Hospital Asset Management Market with COVID-19 Impact Analysis, By Product (Real-time Location Systems (RTLS) Ultrasound Tags Infrared Tags Radio-frequency Identification (RFID)), By Application (Staff Management Supply Chain Management Patient Management Instrument Management), and by Region (NA, EU, APAC, LA, MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
The global Hospital Asset Management market was valued at USD 9,901.3 Million in 2020, growing with 26.1% CAGR during the forecast period, 2021-2027.
Hospital asset management entails managing and maintaining machinery, equipment, and physical property inside a hospital in the most efficient and cost-effective manner possible. Assets may also encompass physical infrastructures and systems which include heating, generators, air-conditioning, condensers, plumbing, electrical, pumps, ventilation, refrigeration, compressors, and other systems inside a building. Assets may additionally encompass healthcare-specific equipment, consisting of wheelchairs, and mobile beds.
Market Dynamics
The growing requirement for advanced asset management in the hospital to deliver better patient care would considerably drive the growth of the market during the forecast period. Asset management software organizes the whole thing from medicines to laboratory microscopes and MRI scanners that could affect how a doctor or nurse offers care. Highly effective hospital asset management systems are desperately had to keep track of physical assets and patient needs on a day-by-day basis. Hospitals might also additionally prepare for the equipment to be inspected in advance, retaining downtime and ensuring that the tool is prepared to use whenever needed. Thus, these facts support the growth of the hospital asset management market during the forecast period.
Regional Analysis
Based on region, the global Hospital Asset Management market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America dominated the global hospital asset management market during the forecast period. The growth in the region is attributed to the increasing quality of infrastructure and the growing use of low-cost medical systems in clinical diagnostic laboratories. Moreover, the presence of well-established players and a broad network of healthcare service providers supports the growth of the hospital asset management market in the region. On the other hand, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to the increasing demand from developing economies, especially in China and India. Moreover, the increasing demand for simple asset management software increased digitization, and increasing expenditures in healthcare and expansions by the prominent player in the region will drive market growth.
Segmentation Analysis
Based on product, the hospital asset management market is segmented into Real-time Location Systems (RTLS), Ultrasound Tags, Infrared Tags, and Radio-frequency Identification (RFID). The Radio-frequency Identification (RFID) segment is accounted for the largest market share in 2020 and is expected to dominate during the forecast period. The growth in the segment is attributed to increasing technological advancements, locating patients, assets, preventing drug errors or drug anti-counterfeiting, theft prevention, drug trial compliance, and cost control.
Based on application, the hospital asset management market is segmented into staff management, supply chain management, patient management, and instrument management. Hospital asset management is expected to dominate the market during the forecast period. The growth in the segment is attributed to the increasing need for successful asset management in hospitals. Moreover, the increasing demand for asset management in terms of equipment tracking.
Competitive Landscape
The key player adopted various strategies to sustain in the market such as merger & acquisition, consolidation, investment, partnership, product launch, and divestment. For instance, in September 2019, CGI acquired Annams Systems Corporation d/b/a Sunflower Systems, the leading company of asset management software solutions and services. This acquisition strengthens CGI's position serving the needs of commercial entities and federal government agencies, such as universities, government contractors, regulation enforcement organizations, and national laboratories. In February 2019, Kathrein Solutions GmbH launched new RTLS system K-RLTS that mixes excessive localization accuracy in an industrial environment with specific technical features, which lets in a extensive application of the system in numerous applications.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL HOSPITAL ASSET MANAGEMENT MARKET KEY PLAYERS
- STANLEY Healthcare
- GE Healthcare
- AWAREPOINT Corporation
- Ascom
- Impinj Inc.
- Sanitag
- ASAP Systems
- Real Asset Management Ltd.
- AiRISTA Flow, Inc.
- Elpas
- IBM Corporation
- Intelligent Insites
- Thingmagic (A Novanta Company)
- Sonitor
- Versus Technology (A Midmark Company)
- Accruent
- HxCentral
- Healthcare Technologies
GLOBAL HOSPITAL ASSET MANAGEMENT MARKET, BY PRODUCT
- Real-time Location Systems (RTLS)
- Ultrasound Tags
- Infrared Tags
- Radio-frequency Identification (RFID)
GLOBAL HOSPITAL ASSET MANAGEMENT MARKET, BY APPLICATION
- Staff Management
- Supply Chain Management
- Patient Management
- Instrument Management
GLOBAL HOSPITAL ASSET MANAGEMENT MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Singapore
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
1. Hospital Asset Management Market Overview
1.1. Study Scope
2. Executive Summary
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. Hospital Asset Management Key Market Trends
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. Hospital Asset Management Industry Study
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. Hospital Asset Management Market: COVID-19 Impact Analysis
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. Hospital Asset Management Market Landscape
6.1. Market Share Analysis, 2020
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. Hospital Asset Management Market – By Product
7.1. Overview
7.1.1. Segment Share Analysis, Product, 2020 & 2027 (%)
7.2. Real-time Location Systems (RTLS)
7.3. Ultrasound Tags
7.4. Infrared Tags
7.5. Radio-frequency Identification (RFID)
8. Hospital Asset Management Market – By Application
8.1. Overview
8.1.1. Segment Share Analysis, Application, 2020 & 2027 (%)
8.2. Staff Management
8.3. Supply Chain Management
8.4. Patient Management
8.5. Instrument Management
9. Hospital Asset Management Market– By Geography
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.2.4. North America Market Size and Forecast, By Product Type, 2016 - 2027 (US$ Million)
9.2.5. North America Market Size and Forecast, By Material, 2016 - 2027 (US$ Million)
9.2.6. North America Market Size and Forecast, By Distribution Channel, 2016 - 2027 (US$ Million)
9.2.7. U.S.
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.2.7.3. U.S. Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.2.7.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.2.8. Canada
9.2.8.1. Overview
9.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
1.1.1.1. Canada Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
1.1.1.2. Canada Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.3.4. Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.6.3. Germany Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.3.6.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.7.3. Italy Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.3.7.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.8.3. United Kingdom Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.9.3. France Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.3.9.4. France Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.3.10.3. Rest of the Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.3.10.4. Rest of the Europe Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4. Asia Pacific (APAC)
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.4.4. Asia Pacific Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.6.3. India Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.4.6.4. India Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.7.3. China Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.4.7.4. China Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.8.3. Japan Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.4.8.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.9. South Korea
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.9.3. South Korea Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.4.9.4. South Korea Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.4.10. Rest of APAC
9.4.10.1. Overview
9.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.4.10.3. Rest of APAC Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.4.10.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.5.4. Latin America Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.6.3. Brazil Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.7.3. Mexico Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.8.3. Argentina Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.5.9. Rest of LATAM
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.5.9.4. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
9.6.4. Middle East and Africa Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Product, 2016 - 2027 (US$ Million)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2016 - 2027 (US$ Million)
10. Key Vendor Analysis
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. STANLEY Healthcare
10.2.2. GE Healthcare
10.2.3. AWAREPOINT Corporation
10.2.4. Ascom
10.2.5. Impinj Inc.
10.2.6. Sanitag
10.2.7. ASAP Systems
10.2.8. Real Asset Management Ltd.
10.2.9. AiRISTA Flow, Inc.
10.2.10. Elpas
10.2.11. IBM Corporation
10.2.12. Intelligent Insites
10.2.13. Thingmagic (A Novanta Company)
10.2.14. Sonitor
10.2.15. Versus Technology (A Midmark Company)
10.2.16. Accruent
10.2.17. HxCentral
10.2.18. Healthcare Technologies
11. 360 Degree AnalystView
12. Appendix
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
