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Global Hospital Asset Management Systems Market Size, Growth, Analysis: By Product Type: Radio-frequency Identification (RFID), Real-time Location Systems (RTLS), Ultrasound and Infrared Tags; By Application: Supply Chain Management, Staff Management, Others; By End Use; Regional Analysis; Competitive Landscape; 2018-2028

Hospital Asset Management Systems Market Outlook 

The global hospital asset management systems market size is expected to grow at a CAGR of 31.60% during the forecast period of 2023-2028, driven by the rising concern for the safety of patients.

 

Key Trends in the Market 

Hospital asset management systems are employed to manage and track the physical assets of a hospital. This further incorporates items like furniture, buildings, and medical equipment. The system is utilised to assist hospital staff by keeping track of where assets are placed, how they are being employed, and when they were last employed. This system helps in assuring that assets are properly preserved and that they are being employed in the most effective manner possible.

 

  • The surging 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. 
     
  • 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.
     
  • 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.

 

Market Analysis

Based on the product type, the market can be segmented into radio-frequency identification (RFID), real-time location systems (RTLS), and ultrasound and infrared tags. On the basis of application, the market is categorised into supply chain management, staff management, patient management, and instrument management. 

 

Based on end-use, the market can be segmented into hospitals and laboratories, among others. The regional markets for the hospital asset management systems market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa. 

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

 

  • Accruent, LLC 
     
  • AiRISTA Flow, Inc. 
     
  • GE Healthcare 
     
  • SmartPoint Technologies Pvt Ltd 
     
  • Impinj, Inc. 
     
  • Others

 

Market Share by Product Type

The radio-frequency identification (RFID) segment accounts for a significant share of the global hospital asset management systems market. This is because RFID systems employ radio waves at numerous distinct frequencies to transmit data. Going further, this type of advanced technology automates data collection and massively decreases human error and effort. 

 

It helps tag reading with no line-of-sight or item-by-item scans required. This is further expected to boost the segment growth over the coming years. Moreover, RFID technologies include applications like inventory control, equipment tracking, personnel tracking, and monitoring patients, among others, which are further expected to propel the growth of the segment over the upcoming years.

 

Market Share by Region

Geographically, North America is expected to drive the growth of the hospital asset management systems market on account of the availability of well-established healthcare infrastructure in the region, including quality infrastructure for clinical and laboratory research. With the rapid adoption of advanced technology and the surging demand for advanced technologies to prevent false pharmaceuticals, the region is likely to witness enhanced market growth.

 

Meanwhile, the Asia Pacific region is also likely to witness robust growth on account of the technological expansion of emerging countries, along with the rising middle age population in this region. The increasing expenditure on healthcare infrastructure, coupled with the rising demand for simple asset management software encouraged digitization in the region, is expected to boost the market growth.

 

Competitive Landscape 

Accruent, LLC was established in 1995 and is a leading provider of intelligent solutions for the built environment, including integrated technology systems, physical and digital assets, and spanning real estate they connect across the globe. It keeps raising the bar for what businesses can do with data management, changing how people and systems interact and how they manage facilities and assets.

 

AiRISTA Flow, Inc. is a leading company offering Wi-Fi-based Real Time Location Systems (RTLS), hand hygiene solutions, and process improvement. The company provides advanced software, hardware, and services for forward-thinking organizations with innovative products and patented technologies like RFID-over-Wifi across the globe. 

 

GE Healthcare is a leading medical technology company offering the best patient care possible. It helps clinicians to take faster as well as more informed decisions with the help of intelligent devices, applications, services, and data analytics, supported by its Edison intelligence platform as a prominent pharmaceutical diagnostic, and digital solutions innovatort.

 

Other market players include SmartPoint Technologies Pvt Ltd. and Impinj, Inc., among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Application
  • End Use
  • Region
Breakup by Product Type
  • Radio-frequency Identification (RFID)
  • Real-time Location Systems (RTLS)
  • Ultrasound and Infrared Tags
Breakup by Application
  • Supply Chain Management
  • Staff Management
  • Patient Management
  • Instrument Management
Breakup by End Use
  • Hospitals
  • Laboratories
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Accruent, LLC
  • AiRISTA Flow, Inc.
  • GE Healthcare
  • SmartPoint Technologies Pvt Ltd
  • Impinj, Inc.
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Hospital Asset Management Systems Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hospital Asset Management Systems Historical Market (2018-2022) 
    8.3    Global Hospital Asset Management Systems Market Forecast (2023-2028)
    8.4    Global Hospital Asset Management Systems Market by Product Type
        8.4.1    Radio-frequency Identification (RFID)
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Real-time Location Systems (RTLS)
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Ultrasound and Infrared Tags
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Hospital Asset Management Systems Market by Application
        8.5.1    Supply Chain Management
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Staff Management
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Patient Management
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Instrument Management
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)    
    8.6    Global Hospital Asset Management Systems Market by End Use
        8.6.1    Hospitals
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Laboratories
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others
    8.7    Global Hospital Asset Management Systems Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Hospital Asset Management Systems Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Hospital Asset Management Systems Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Hospital Asset Management Systems Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Hospital Asset Management Systems Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Hospital Asset Management Systems Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Accruent, LLC
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    AiRISTA Flow, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    GE Healthcare
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    SmartPoint Technologies Pvt Ltd
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Impinj, Inc.
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Hospital Asset Management Systems Market: Key Industry Highlights, 2018 and 2028
2.    Global Hospital Asset Management Systems Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Global Hospital Asset Management Systems Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Hospital Asset Management Systems Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Hospital Asset Management Systems Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Hospital Asset Management Systems Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Hospital Asset Management Systems Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Hospital Asset Management Systems Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Hospital Asset Management Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Hospital Asset Management Systems Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Hospital Asset Management Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Hospital Asset Management Systems Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Hospital Asset Management Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Hospital Asset Management Systems Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Hospital Asset Management Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Hospital Asset Management Systems Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Hospital Asset Management Systems Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Global Hospital Asset Management Systems Market Structure

Key Questions Answered in the Report

The market is likely to grow at a CAGR of 31.60% during the forecast period of 2023-2028.

The major market drivers include the increased spending of healthcare companies on hospital equipment tracking along with the growing adoption of IoT in the healthcare industry.

The key hospital asset management systems market trends include the surging demand for improved asset management across hospitals.

The various end-uses of hospital asset management systems include radio-frequency identification (RFID), real-time location systems (RTLS), ultrasound and infrared tags. 

Hospital asset management systems find applications in supply chain management, staff management, patient management, and instrument management.

The end-uses of hospital asset management systems include hospitals and laboratories, among others.

The major players in the market are Accruent, LLC, AiRISTA Flow, Inc., GE Healthcare, SmartPoint Technologies Pvt Ltd, and Impinj, Inc., among others.

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