The hospital asset management systems market was valued at USD 41.70 Billion in 2025 and is expected to grow at a CAGR of 12.10%, reaching USD 130.67 Billion by 2035. The market growth is driven by increasing healthcare infrastructure, need to optimize equipment utilization, and growing adoption of IoT-based solutions.
Base Year
Historical Period
Forecast Period
The growing concern for patient safety is likely to enhance the hospital asset management systems market growth during the forecast period as such systems provide patient tracking.
The increasing adoption of advanced technology across the healthcare industry is expected to fuel the market growth of hospital asset management systems across the globe over the coming years.
With the rising number of hospitals, the requirement for efficiency of available resources is likely to grow. This is further expected to propel the demand for hospital asset management systems globally.
Compound Annual Growth Rate
12.1%
Value in USD Billion
2026-2035
*this image is indicative*
Hospital asset management systems (HAMS) are designed to let health facilities keep track on the medical tools, equipment, supplies and other assets quality. Installation of such systems can help save costs, improving the lifespan of assets and limiting unexpected repairs. It can also help in minimising the scope of human error by creating a report for maintenance and repair activities. Preference towards IoT based services, and automation is amongst the major market trends. The integration with hospital information systems (HIS) also enhances efficiency, making HAMS an indispensable part of today’s hospital environment.
Surge in Number of Hospitals Act as a Catalyst for Growth
The increasing number of healthcare facilities is expected to substantially drive the market. To meet the rising frequency of patient hospitalizations, ICU admissions, and chronic illnesses, different types of hospitals, as well as diagnostic facilities are increasing. This can elevate the demand for hospital asset management systems as it can streamline processes and improve workflows while retaining quality of assets.
Increasing Healthcare Expenditure to Meet Hospital Asset Management Systems Market Demand
The rise in healthcare expenditure worldwide is a key factor driving the hospital asset management systems market. The government as well as healthcare organizations are increasing their spending on hospitals that can accommodate the increasing population seeking quality healthcare solutions. These investments relate to the purchase of medical equipment, devices, and various supplies that are unique to hospitals. Thus, hospital asset management system has become particularly important as it can help hospitals make efficient use of assets, control costs, and improve productivity. Other advantages of using an asset tracking system in a healthcare institution are that it provides the lifecycle of the assets and offers a highly efficient tracking system. This can help in determining the equipment that is not often used or may be a duplicate, resulting in efficient procurement and allocation of assets. Besides, this strategic management enhances the efficient functioning of hospitals and, at the same time, optimally distributes resources among different spheres of activity and offers better patient care outcomes.
In April 2023, GE Healthcare introduced ReadySee, a new hospital asset management and network supervision commodity. ReadySee claims that the offering of real-time visibility into HealthPlus’ assets and operations in the hospital will improve the choices and quality of patient care. This solution brings benefits such as increased effectiveness of assets’ tracking, timely prediction of when equipment will need service, and better resource management. In this context, ReadySee has the potential to improve the efficiency of the hospital’s asset management, which in turn can lead to improved hospital efficiency and patient care.
The EMR’s report titled “Hospital Asset Management Systems Market Report and Forecast 2026-2035 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Application
Market Breakup End User
Market Breakup by Region
Radio Frequency Identification (RFID) to Lead the Product Types Category
Depending on the type of product, the market can be categorized into the radio frequency identification (RFID) market, the real-time location system (RTLS) market, and ultrasound and infrared tags. The RFID segment shows its dominant position in the global hospital asset management systems market. RFID is a technology that employs radio frequencies across different frequencies to transmit data, making data acquisition almost fully automated and free from potential human errors and cumbersome labor. It allows for accurate tag reading without the need for direct line sighting or scanning of individual items, which will help extend segment growth in the future. Moreover, applications of RFID in inventory tracking, equipment tracking, personnel tracking, and patient tracking are expected to spur more growth in this segment.
The geographical segmentation of the report involves North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America is expected to dominate the market for hospital asset management systems market, driven by its strong healthcare structure that fosters state-of-the art clinical and laboratory services. The faster pace of adopting the latest technology, along with the need for solutions to combat the counterfeiting of drugs, also contributes to the growth of the market in this region.
On the other hand, the Asia-Pacific region is expected to witness high growth, owing to technological developments in countries and increasing population of middle-aged people. More focus on the expansion of healthcare facilities and rising needs for advanced and easy solutions for asset management services are anticipated to drive the market and spur demand for technological advancements in the Asia Pacific.
The key features of the market report include patent analysis, funding and investment analysis along with recent strategic initiatives constituting recent partnerships and collaborations by the leading players. The major companies in the market are as follows:
Founded in 1995, this company is among the leading specialists in service delivery of smart solutions. It offers integrated technology systems and physical and digital assets and spans the residential and commercial spaces globally.
This is a top management design company in the United States providing Wi-Fi-based real time location systems (RTLS), hand hygiene solutions, and process improvement. The firm is a global supplier of highly developed software, hardware, and support for technology-oriented enterprises with innovative products and unique patents such as RFID-over-Wifi.
A well-known medical equipment provider that operates globally, GE assists clinicians to make faster and better decisions with the help of many intelligent devices, applications, services, and data analytics by leveraging its Edison intelligence platform as one of the most well-recognized pharmaceutical diagnostic and digital solutions innovative in the field.
It is a RAIN RFID company based in Washington, offering efficient healthcare asset management solutions at hospitals and various other healthcare units. Some of them are postings in radio frequency identification products and solutions, which serve to align business operations and objectives, minimize expenses, and ultimately advance patient care for Impinj hospitals.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other companies in the market include Rfxcel Corporation, Link Labs, Inc., Terotam Techlabs Private Limited, SHRMpro Pvt Ltd, kaptune media india private limited (trackolap), Valuecoders india llp, Pcsinfinity Private Limited
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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