Australia Healthcare Asset Management Market Size and Share - Growth Analysis Report and Forecast Trends (2026-2035)

Australia Healthcare Asset Management Market Overview

Healthcare asset management ensures effective tracking, maintenance, and lifecycle management of healthcare resources to enhance efficiency and patient outcomes. In Australia, the market is poised to grow at a CAGR of 19.50% during the forecast period of 2026–2035. The market is evolving rapidly with the adoption of real-time monitoring systems, RFID technologies, and cloud-based asset management solutions. Supportive government initiatives and growing hospital modernization projects are fueling demand.

Australia Healthcare Asset Management Market Growth Drivers

Robust Investment Initiatives to Boost the Market Growth in Australia

The market is experiencing notable growth, driven by strategic investment initiatives targeting the healthcare real estate sector. In November 2023, Real Asset Management (RAM) launched the RAM Australia Healthcare Opportunity Fund, partnering with a major Southeast Asian Sovereign Wealth Fund to invest in development opportunities across core Australian markets. Leveraging over two decades of healthcare experience and a portfolio of 28 assets valued at nearly half a billion dollars, RAM aims to expand its footprint and address rising healthcare demand. This strategic approach is expected to strengthen market resilience and fuel sustained growth.

Australia Healthcare Asset Management Market Trends

The market is experiencing key trends, including an increasing demand for ICU capacity and the growing adoption of RFID-enabled asset management.

Rising Demand for ICU Capacity to Elevate the Market Demand

The market is witnessing a growing focus on optimizing critical care infrastructure to meet increasing patient demands. According to the Australian and New Zealand Intensive Care Society (ANZICS), data published in October 2024 indicated that in the 2022/23 financial year, Australia and New Zealand operated 226 intensive care units (ICUs) with 2,655 beds, accommodating nearly 200,000 adult patients and over 12,000 children. This rising utilization emphasizes the need for effective management and maintenance of critical care assets, a trend likely to drive growth in the market.

Adoption of RFID-Enabled Asset Management to Boost Australia Healthcare Asset Management Market Value

The market is witnessing a significant trend toward advanced tracking technologies, with radio frequency identification (RFID) systems enhancing inventory visibility and operational efficiency. For instance, in November 2022, Kmart Australia implemented a companywide RFID solution across 243 stores, achieving a remarkable increase in inventory accuracy from 60% to 95%. Using RFID-enabled robots and automated data capture, the system streamlined stock management and improved resource allocation. Similarly, healthcare providers are expected to adopt RFID-based solutions for real-time equipment tracking, reducing manual errors and labor costs. This technological shift is likely to enhance asset utilization, optimize operational workflows, and support the market.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Australia Healthcare Asset Management Market Share

Radiofrequency Identification Devices to Lead the Market by Product

The market includes various product types, such as radiofrequency identification devices (RFID), real-time location systems (RTLS), along with ultrasound and infrared tags. The segmentation is designed to cater to diverse operational and tracking requirements. Among these, the radiofrequency identification devices (RFID) segment is expected to lead, having historically accounted for a 65% share of global revenue. Its widespread adoption is driven by high efficiency, accuracy in tracking assets, and seamless integration with existing infrastructure, positioning it as the dominant product choice moving forward.

Leading Players in the Australia Healthcare Asset Management Market

Other key players in the market include Novanta Inc., Sonitor Technologies, Versus Technologies, Stanley Healthcare, Accenture PLC, and Siemens Healthcare GmbH.

Australia Healthcare Asset Management Market Segmentation

Key Questions Answered in the Australia Healthcare Asset Management Market Report

• What was the Australia healthcare asset management market value in 2025?
• What is the Australia healthcare asset management market forecast outlook for 2026-2035?
• What are the major factors aiding the Australia healthcare asset management market demand?
• How has the market performed so far, and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints?
• What are the major Australia healthcare asset management market trends?
• Which product is projected to lead the market segment?
• Which application is anticipated to drive the market segment?
• Which end user is likely to dominate the market segment?
• Who are the key players involved in the Australia healthcare asset management market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?