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Global Hospital Asset Management Market to reach USD 17.00 billion by 2027.

Global Hospital Asset Management Market Size study, by Product (Radiofrequency Identification (RFID) Devices, Real-Time Location Systems (RTLS) and Ultrasound & Infrared Tags), By Application (Hospital Asset Management and Pharmaceutical Asset Management) and Regional Forecasts 2020-2027

Product Code: HALHI_81329249
Publish Date: 25-11-2019
Page: 200

Global Hospital Asset Management Market is valued approximately USD 6.30 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 13.20 % over the forecast period 2020-2027. A Hospital asset management system helps to protect and manage hospital equipment. It uses automated software systems to monitor environment in hospital campus. The technology solutions are gaining traction due to the rising concerns regarding security. It offers competitive edge to hospitals by positioning their premise as monitored and secure place. Also, it gives competitive edge to hospitals by positioning their premise as secure and monitored place. Growing acceptance of asset management techniques due to reduction in the cost of hardware and software is anticipated to supplement the drive the growth of the market. Introduction of technological advancements such as smart active labels and Zigbee would also create lucrative growth aspects for the market. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. In February 2019, Cigna and Sentara Healthcare have combined a new health utility network using blockchain. The purpose of the agreement is to convene a broad ecosystem of the healthcare enterprises in shared and secured environmental with a goal of allowing enterprises to build , deploy and share solutions using blockchain that drives digital transformation in the industry.
However, high cost associated with RFID Readers and rising concerns related to data security as well as privacy is hampering the growth of this market.

The regional analysis of global Hospital Asset Management market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region due to the growing awareness about the benefits of deploying asset management systems in healthcare. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.

Major market player included in this report are:
Airista Flow (An Airista Affiliate)
GE Healthcare (A General Electric Company)
CenTrak, Inc.
IBM Corporation
Intelligent Insites
Thingmagic (A Novanta Company)
Stanley Black & Decker, Inc.
Versus Technology (A Midmark Company)

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product :
Radiofrequency Identification (RFID) Devices
Real-Time Location Systems (RTLS)
Ultrasound & Infrared Tags
By Application:
Hospital Asset Management
Pharmaceutical Asset Management
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Hospital Asset Management Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Hospital Asset Management Market, by Region, 2018-2027 (USD Billion)
1.2.2. Hospital Asset Management Market, by Product 2018-2027 (USD Billion)
1.2.3. Hospital Asset Management Market, by Application 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hospital Asset Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hospital Asset Management Market Dynamics
3.1. Hospital Asset Management Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Hospital Asset Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Hospital Asset Management Market, by Product
5.1. Market Snapshot
5.2. Global Hospital Asset Management Market by Product, Performance – Potential Analysis
5.3. Global Hospital Asset Management Market Estimates & Forecasts by Product 2017-2027 (USD Billion)
5.4. Hospital Asset Management Market, Sub Segment Analysis
5.4.1. Radiofrequency Identification (RFID) Devices
5.4.2. Real-Time Location Systems (RTLS)
5.4.3. Ultrasound & Infrared Tags
Chapter 6. Global Hospital Asset Management Market, by Application
6.1. Market Snapshot
6.2. Global Hospital Asset Management Market by Application, Performance – Potential Analysis
6.3. Global Hospital Asset Management Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4. Hospital Asset Management Market, Sub Segment Analysis
6.4.1. Hospital Asset Management
6.4.2. Pharmaceutical Asset Management
Chapter 7. Global Hospital Asset Management Market, Regional Analysis
7.1. Hospital Asset Management Market, Regional Market Snapshot
7.2. North America Hospital Asset Management Market
7.2.1. U.S. Hospital Asset Management Market Product breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Hospital Asset Management Market
7.3. Europe Hospital Asset Management Market Snapshot
7.3.1. U.K. Hospital Asset Management Market
7.3.2. Germany Hospital Asset Management Market
7.3.3. France Hospital Asset Management Market
7.3.4. Spain Hospital Asset Management Market
7.3.5. Italy Hospital Asset Management Market
7.3.6. Rest of Europe Hospital Asset Management Market
7.4. Asia-Pacific Hospital Asset Management Market Snapshot
7.4.1. China Hospital Asset Management Market
7.4.2. India Hospital Asset Management Market
7.4.3. Japan Hospital Asset Management Market
7.4.4. Australia Hospital Asset Management Market
7.4.5. South Korea Hospital Asset Management Market
7.4.6. Rest of Asia Pacific Hospital Asset Management Market
7.5. Latin America Hospital Asset Management Market Snapshot
7.5.1. Brazil Hospital Asset Management Market
7.5.2. Mexico Hospital Asset Management Market
7.6. Rest of The World Hospital Asset Management Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Airista Flow (An Airista Affiliate) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Elpas
8.2.3. GE Healthcare (A General Electric Company)
8.2.4. CenTtrak
8.2.5. IBM Corporation
8.2.6. Intelligent Insites
8.2.7. Thingmagic (A Novanta Company)
8.2.8. Sonitor
8.2.9. Stanley Black & Decker, Inc.
8.2.10. Versus Technology (A Midmark Company)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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