Healthcare Asset Management Market to Witness Growth 23.2 % By 2030

The global healthcare asset management market size is expected to be worth around US$ 90.65 billion by 2030 from valued at US$ 13.88 billion in 2021 and growing at a CAGR of 23.2% from 2021 to 2030.
 

The global healthcare asset management market growth is being driven by the growing demand for latest and advanced technologies in healthcare sector. The technologies such as artificial intelligence, blockchain, internet of things, and robotics are changing the market dynamics of global healthcare asset management market. In addition, the growing demand for automation is also boosting the growth of healthcare asset management market. The government all around the world is heavily investing in the healthcare information technology sector.

Download a Free Sample Copy with TOC@ https://www.precedenceresearch.com/sample/1603

This is also creating lucrative opportunities for the growth of global healthcare asset management market. Another factor propelling the market growth for healthcare asset management is rising investments in research and development activities. These activities result into technological developments, which is beneficial for the growth of global healthcare asset management market. The market players operating in healthcare asset management market are adopting various strategies such as partnership, merger, joint venture, and acquisition for increasing their share in the global market.

Regional Snapshot

North America is the largest segment for healthcare asset management market in terms of region.The U.S. is dominating the healthcare asset management market in the North America region.The growth of healthcare asset management market in North America region is attributed to the expansion of healthcare sector. In addition, technological developments are also contributing towards the expansion of North America healthcare asset management market.

Asia-Pacific region is the fastest growing region in the healthcare asset management market.India and Chinahold the highest market share in the Asia-Pacifichealthcare asset management market. The factors such as improvement of healthcare infrastructure, growing adoption of healthcare information technology, and existence of major market players are propelling the expansion of healthcare asset management market in Asia-Pacific region.

Market Dynamics

Drivers

Growing prevalence of fake drugs

The supply of fake drugs or medications is growing at a rapid pace in the global market. Every year, nearly 250,000 children die as a result of the use of fake malaria and pneumonia drugs, as per the World Health Organization. As a result, the growing prevalence of fake drugs is resulting into growing demand for healthcare asset management solutions in the market.

Restraints

Lack of awareness among people

A lack of understanding about healthcare asset management systems and solutions among the people of emerging nations about the use of asset management software and platform is restricting the growth and development of global healthcare asset management market. In addition, lack of skilled personnel is also hindering the healthcare asset management market growth.

Ask Here for Customization@ https://www.precedenceresearch.com/customization/1603

Opportunities

Growing investments in healthcare information technology

The government and market players have started investing in healthcare sector. For example, the government’s Digital Health Technology Catalyst awarded $9 million in financing to creative digital technology, a healthcare information technology initiative that addresses significant difficulties in health care, in March 2019. Such activities help to promote digital health around the world, consequently boosting the growth of the global healthcare asset management market.

Challenges

High cost of real time location systems

Considering the growing utilization of healthcare asset management solutions, the cost of real time location systems is quite high. Not every healthcare center can afford the cost and expense of real time location system. As a result, high cost of real time location system is the biggest challenge for expansion of global healthcare asset management market.

Report Highlights

• On the basis of product, radiofrequency identification (RFID) segment holds the largest market share in the global healthcare asset management market. The radiofrequency identification (RFID) segment is growing due to technological advancements and adoption of innovative technologies.
• On the basis of application, hospital asset management segment holds the largest market share in the global healthcare asset management market. The surge in demand for healthcare asset management is driving the growth of the segment.

• On the basis of end user, hospitals and clinics segment holds the largest market share in the global healthcare asset management market. This is due to an increase in the use of asset management systems in healthcare facilities and hospitals.

Recent Developments

• Kathrein Solutions GmbH, a specialist in RFID solutions, launched the new RTLS system K-RLTS in February 2019, which cartels high localization precision in an industrial environment with unique technical characteristics that allow the system to be used in a wide range of applications.
• The Global Equity Sustainable Healthcare Fund was launched in February 2022 with the goal of providing investors with a long-term total return by investment in anintense portfolio of companies that may gain from the world's dwindling healthcare budgets.
• TRIMEDX announced in September 2018 that it would buy Aramark's healthcare technology division. More than 500 healthcare providers across the country use Aramark HCT's healthcare technology services, which include anything from maintenance and repair to clinical engineering outsourcing.

Some of the key players in the market include:

• GE healthcare
• AiRISTA Flow
• CenTrak, Inc.
• Siemens healthcare
• Elpas
• ThingMagic
• Versus Technology, Inc.
• Stanley Healthcare
• Sonitor
• Zebra Technologies
• IBM Corporation

Market Segmentations:

By Product

• Radiofrequency Identification (RFID) Devices
  • Hardware
  • Software
  • Services
• Real-time location systems (RTLS)
  • Hardware
    • Readers/Interrogators
    • Tags/Badges
  • Software
  • Services

By Application

• Hospital Asset Management
  • Patient Management
  • Equipment Tracking and Management
  • Temperature and Humidity Control
  • Infection Control and Hand Hygiene Compliance
  • Staff Management
• Pharmaceutical Asset Management
  • Drug Anti-counterfeiting

By End User

• Hospitals and Clinics
• Pharmaceutical Companies
• Biotechnology Companies
• Others (Laboratories, Cosmetic Industry, Medical Devices Companies, etc.)

Regional Segmentations:

• North America (U.S. and Canada)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
• Latin America (Brazil and Rest of Latin America)
• Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Click Here to Browse Full Report Table of Contents

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Buy this Research Report@ https://www.precedenceresearch.com/checkout/1603

You can place an order or ask any questions, please feel free to contact at sales@precedenceresearch.com | +1 9197 992 333