Healthcare Asset Management Market Synopsis:

Healthcare Asset Management Market Size Was Valued at USD 15.2 Billion in 2023, and is Projected to Reach USD 39.52 Billion by 2032, Growing at a CAGR of 11.2 % From 2024-2032.

The Healthcare Asset Management Market means the use of Efficient Tracking Tools and Technological Applications for tracking, monitoring, and effectively managing Fixed Asset in Healthcare Facilities. These assets include but not limited to; bed, syringes, computers, employees, and sometimes the patients. There are uses like Radio Frequency Identification (RFID) and Real-Time Location Systems (RTLS) that enable the healthcare institution to become efficient, save cost that can be used in searching for lost or misplaced assets, and also help in giving optimal care to its patients, as relevant equipment’s and personnel are available in place whenever needed.

The Healthcare Asset Management Market around the world has shown high growth in the past few years and this has been mainly because of greater focus of the healthcare business on managing their expenses and increasing organizational efficiency. Care delivery cost has gradually risen within health care organizations by patients’ consciousness towards provision of health care improving diverse assets management systems for identification and management of multiple resources. The patients overwhelm and the stagnated availability of resources to get into the health care units make the asset management solutions as potentially very valuable investment so that more time might not be wasted.

Besides, the latter is fostered by the rising government demands for higher levels of patient safety and organizational transparency in the application of asset management technologies within the health care systems. Through the IoT in healthcare, the improvement of asset management solutions has created challenges for identifying, locating and responding to new organizational features and real-time data. He said that the global market of healthcare asset management solutions is likely to expand in the future since much attention is being paid to the role of information in healthcare and the effective utilization of the assets.

Healthcare Asset Management Market

Healthcare Asset Management Market Trend Analysis:

Increasing Adoption of IoT-Enabled Asset Tracking Solutions

  • The growing field based on major trends shows that the Internet of Things-based asset tracking solutions in the Healthcare Asset Management Market have experienced increased growth. With IoT an asset management system the health care providers can monitor the actual status of the assets, their location and usage rate in real time. Besides, the IoT not only maintains tracking accuracy for hospital assets, where, when analytical features are given, along with prophesying the maintenance conditions and employment of those assets optimally for hospitals. This trend is most expressed in massive clinical and hospital organizational structures where asset effectiveness influences the quality of delivered health care and organizational performance.

Growing Demand for Asset Management in Emerging Markets

  • There is lot of optimism and high possibilities of growth in emerging economy mainly because the health care industry is growing at very fast pace. The Asia-Pacific, Latin American, and Africa markets are linked to rising investments in healthcare and a growing stock of healthcare facilities that require better asset operation performance. These regions are promising for healthcare asset management technology suppliers because an understanding of the importance of the matter, which concerns tracking of healthcare assets, including costs reductions and safety of the patient, has increased. Therefore, it is crucial to ensure that it will grow along with the economic development and diseases expenditure on the health care sector.

Healthcare Asset Management Market Segment Analysis:

Healthcare Asset Management Market is Segmented on the basis of Type, Application, End User, and Region

By Technology, Radio Frequency Identification segment is expected to dominate the market during the forecast period

  • The RFID segment is likely to dominate the market in Healthcare Asset Management Market in the coming years too. RFID technology has received increased acceptance in organizations due to reliability and efficiency in the identification of assets besides the cost benefits encountered. As compared to the other bar-coding systems RFID can actually afford real time client identification at all times without having to be visible in the active environments such as a hospital. In the healthcare context RFID is used for identification and real time locating of healthcare instruments to minimize loss, stock management and even location of the patient within the hospitals. Today, the RFID is being used more and more to identify healthcare assets because its technology is becoming cheaper and developed as time passes, so the health care industries have to find the best utilization of the healthcare assets.

By Application, the Equipment tracking segment expected to held the largest share

  • However, the Equipment Tracking segment would mark the major share in the Healthcare Asset Management Market because bulk of the high valued equipment traffic increases in the healthcare facilities that demands for asset management solutions. High precautions must be taken as regards some equipment like information pump, ventilator and any imaging equipment so that they can easily be accounted for when they are needed through tracking in case they are lost or misplaced. It also helps the health care providers to keep track with maintenance and compliance schedules by automatically observing usage frequency and needs. The main rationale for push of this segment is to enhance the current operation scenario with regard to; the operating cost, the patient care and the interruptibility of its operation due to lack of medical equipments.

Healthcare Asset Management Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • North America is expected to have the largest share in the Healthcare Asset Management Market over the forecast period through the development of their healthcare system, availability of resources to the technology needed, concern for safety of the patient and efficiency in healthcare processes. The USA has been one of the largest consumers of the healthcare asset management solutions because of the relatively high healthcare spending and many special legislations aimed at enriching the general integrity and transparency in healthcare facilities throughout the country. RFID and RTLS asset tracking tools in hospitals have evolved quickly in North America to enhance the safety of patients, improve operation efficiency as well as reduce costs of assets that go missing or those that become idle.

  • In addition, Technology endowment and high-level digitization of healthcare organization has enabled North America direct integration of assets management solutions. The presence of major market players, continuous active investment in research and development are other factors which have contributed to regions supremacy. The effort to direct usable resources towards areas experiencing escalating pressure on the health care sector with limited human capital is only an added testament to North America as a leading market. North America continues to have ongoing importance placed on such issues of data analytics decision making by many of the care providers which will allow the market segment to maintain its status as the leading global market for healthcare asset management solutions.

Active Key Players in the Healthcare Asset Management Market:

  • Ascom Holding AG (Switzerland)

  • CenTrak (USA)
  • GE Healthcare (USA)
  • Honeywell International Inc. (USA)
  • Impinj, Inc. (USA)
  • Infor (USA)
  • Intelligent InSites (USA)
  • Midmark Corporation (USA)
  • Mobile Aspects (USA)
  • Novanta Inc. (USA)
  • Sonitor Technologies (Norway)
  • Stanley Healthcare (USA)
  • TeleTracking Technologies, Inc. (USA)
  • Versus Technology, Inc. (USA)
  • Zebra Technologies Corporation (USA)
  • Other Active Players

Healthcare Asset Management Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 15.20 Billion

Forecast Period 2024-32 CAGR:

11.2 %

Market Size in 2032:

USD 39.52 Billion

Segments Covered:

By Technology
  • Real Time Location Systems (RTLS)
  • Radio Frequency Identification (RFID)
  • Systems Active RFID
  • Passive RFID

By Application
  • Staff Management
  • Equipment Tracking
  • Patient Tracking
  • Supply Chain Management

By End User
  • Hospitals/Clinics
  • Laboratories
  • Pharmaceuticals
  • Bio-Technology

By Region
  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:
  • Rising need for operational efficiency in healthcare facilities

Key Market Restraints:
  • High initial implementation costs for asset management systems

Key Opportunities:
  • Expanding demand for healthcare infrastructure in emerging markets

Companies Covered in the report:
  • GE Healthcare, Honeywell International Inc., Impinj, Inc., Infor, Stanley Healthcare, and Other Active Players.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Healthcare Asset Management Market by Technology
 4.1 Healthcare Asset Management Market Snapshot and Growth Engine
 4.2 Healthcare Asset Management Market Overview
 4.3 Real Time Location Systems (RTLS) Radio Frequency Identification (RFID) Systems Active RFID Passive RFID
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Real Time Location Systems (RTLS) Radio Frequency Identification (RFID) Systems Active RFID Passive RFID: Geographic Segmentation Analysis

Chapter 5: Healthcare Asset Management Market by Application
 5.1 Healthcare Asset Management Market Snapshot and Growth Engine
 5.2 Healthcare Asset Management Market Overview
 5.3 Staff Management Equipment Tracking Patient Tracking Supply Chain Management
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Staff Management Equipment Tracking Patient Tracking Supply Chain Management: Geographic Segmentation Analysis

Chapter 6: Healthcare Asset Management Market by End User
 6.1 Healthcare Asset Management Market Snapshot and Growth Engine
 6.2 Healthcare Asset Management Market Overview
 6.3 Hospitals/Clinics Laboratories Pharmaceuticals Bio-Technology
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Hospitals/Clinics Laboratories Pharmaceuticals Bio-Technology: Geographic Segmentation Analysis

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Benchmarking
  7.1.2 Healthcare Asset Management Market Share by Manufacturer (2023)
  7.1.3 Industry BCG Matrix
  7.1.4 Heat Map Analysis
  7.1.5 Mergers and Acquisitions  
 7.2 ASCOM HOLDING AG (SWITZERLAND)
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Role of the Company in the Market
  7.2.5 Sustainability and Social Responsibility
  7.2.6 Operating Business Segments
  7.2.7 Product Portfolio
  7.2.8 Business Performance
  7.2.9 Key Strategic Moves and Recent Developments
  7.2.10 SWOT Analysis
 7.3 CENTRAK (USA)
 7.4 GE HEALTHCARE (USA)
 7.5 HONEYWELL INTERNATIONAL INC. (USA)
 7.6 IMPINJ INC. (USA)
 7.7 INFOR (USA)
 7.8 INTELLIGENT INSITES (USA)
 7.9 MIDMARK CORPORATION (USA)
 7.10 MOBILE ASPECTS (USA)
 7.11 NOVANTA INC. (USA)
 7.12 SONITOR TECHNOLOGIES (NORWAY)
 7.13 STANLEY HEALTHCARE (USA)
 7.14 TELETRACKING TECHNOLOGIES INC. (USA)
 7.15 VERSUS TECHNOLOGY INC. (USA)
 7.16 ZEBRA TECHNOLOGIES CORPORATION (USA)
 7.17 .
 7.18 OTHER ACTIVE PLAYERS

Chapter 8: Global Healthcare Asset Management Market By Region
 8.1 Overview
 8.2. North America Healthcare Asset Management Market
  8.2.1 Key Market Trends, Growth Factors and Opportunities
  8.2.2 Top Key Companies
  8.2.3 Historic and Forecasted Market Size by Segments
  8.2.4 Historic and Forecasted Market Size By Technology
  8.2.4.1 Real Time Location Systems (RTLS) Radio Frequency Identification (RFID) Systems Active RFID Passive RFID
  8.2.5 Historic and Forecasted Market Size By Application
  8.2.5.1 Staff Management Equipment Tracking Patient Tracking Supply Chain Management
  8.2.6 Historic and Forecasted Market Size By End User
  8.2.6.1 Hospitals/Clinics Laboratories Pharmaceuticals Bio-Technology
  8.2.7 Historic and Forecast Market Size by Country
  8.2.7.1 US
  8.2.7.2 Canada
  8.2.7.3 Mexico
 8.3. Eastern Europe Healthcare Asset Management Market
  8.3.1 Key Market Trends, Growth Factors and Opportunities
  8.3.2 Top Key Companies
  8.3.3 Historic and Forecasted Market Size by Segments
  8.3.4 Historic and Forecasted Market Size By Technology
  8.3.4.1 Real Time Location Systems (RTLS) Radio Frequency Identification (RFID) Systems Active RFID Passive RFID
  8.3.5 Historic and Forecasted Market Size By Application
  8.3.5.1 Staff Management Equipment Tracking Patient Tracking Supply Chain Management
  8.3.6 Historic and Forecasted Market Size By End User
  8.3.6.1 Hospitals/Clinics Laboratories Pharmaceuticals Bio-Technology
  8.3.7 Historic and Forecast Market Size by Country
  8.3.7.1 Russia
  8.3.7.2 Bulgaria
  8.3.7.3 The Czech Republic
  8.3.7.4 Hungary
  8.3.7.5 Poland
  8.3.7.6 Romania
  8.3.7.7 Rest of Eastern Europe
 8.4. Western Europe Healthcare Asset Management Market
  8.4.1 Key Market Trends, Growth Factors and Opportunities
  8.4.2 Top Key Companies
  8.4.3 Historic and Forecasted Market Size by Segments
  8.4.4 Historic and Forecasted Market Size By Technology
  8.4.4.1 Real Time Location Systems (RTLS) Radio Frequency Identification (RFID) Systems Active RFID Passive RFID
  8.4.5 Historic and Forecasted Market Size By Application
  8.4.5.1 Staff Management Equipment Tracking Patient Tracking Supply Chain Management
  8.4.6 Historic and Forecasted Market Size By End User
  8.4.6.1 Hospitals/Clinics Laboratories Pharmaceuticals Bio-Technology
  8.4.7 Historic and Forecast Market Size by Country
  8.4.7.1 Germany
  8.4.7.2 UK
  8.4.7.3 France
  8.4.7.4 The Netherlands
  8.4.7.5 Italy
  8.4.7.6 Spain
  8.4.7.7 Rest of Western Europe
 8.5. Asia Pacific Healthcare Asset Management Market
  8.5.1 Key Market Trends, Growth Factors and Opportunities
  8.5.2 Top Key Companies
  8.5.3 Historic and Forecasted Market Size by Segments
  8.5.4 Historic and Forecasted Market Size By Technology
  8.5.4.1 Real Time Location Systems (RTLS) Radio Frequency Identification (RFID) Systems Active RFID Passive RFID
  8.5.5 Historic and Forecasted Market Size By Application
  8.5.5.1 Staff Management Equipment Tracking Patient Tracking Supply Chain Management
  8.5.6 Historic and Forecasted Market Size By End User
  8.5.6.1 Hospitals/Clinics Laboratories Pharmaceuticals Bio-Technology
  8.5.7 Historic and Forecast Market Size by Country
  8.5.7.1 China
  8.5.7.2 India
  8.5.7.3 Japan
  8.5.7.4 South Korea
  8.5.7.5 Malaysia
  8.5.7.6 Thailand
  8.5.7.7 Vietnam
  8.5.7.8 The Philippines
  8.5.7.9 Australia
  8.5.7.10 New Zealand
  8.5.7.11 Rest of APAC
 8.6. Middle East & Africa Healthcare Asset Management Market
  8.6.1 Key Market Trends, Growth Factors and Opportunities
  8.6.2 Top Key Companies
  8.6.3 Historic and Forecasted Market Size by Segments
  8.6.4 Historic and Forecasted Market Size By Technology
  8.6.4.1 Real Time Location Systems (RTLS) Radio Frequency Identification (RFID) Systems Active RFID Passive RFID
  8.6.5 Historic and Forecasted Market Size By Application
  8.6.5.1 Staff Management Equipment Tracking Patient Tracking Supply Chain Management
  8.6.6 Historic and Forecasted Market Size By End User
  8.6.6.1 Hospitals/Clinics Laboratories Pharmaceuticals Bio-Technology
  8.6.7 Historic and Forecast Market Size by Country
  8.6.7.1 Turkiye
  8.6.7.2 Bahrain
  8.6.7.3 Kuwait
  8.6.7.4 Saudi Arabia
  8.6.7.5 Qatar
  8.6.7.6 UAE
  8.6.7.7 Israel
  8.6.7.8 South Africa
 8.7. South America Healthcare Asset Management Market
  8.7.1 Key Market Trends, Growth Factors and Opportunities
  8.7.2 Top Key Companies
  8.7.3 Historic and Forecasted Market Size by Segments
  8.7.4 Historic and Forecasted Market Size By Technology
  8.7.4.1 Real Time Location Systems (RTLS) Radio Frequency Identification (RFID) Systems Active RFID Passive RFID
  8.7.5 Historic and Forecasted Market Size By Application
  8.7.5.1 Staff Management Equipment Tracking Patient Tracking Supply Chain Management
  8.7.6 Historic and Forecasted Market Size By End User
  8.7.6.1 Hospitals/Clinics Laboratories Pharmaceuticals Bio-Technology
  8.7.7 Historic and Forecast Market Size by Country
  8.7.7.1 Brazil
  8.7.7.2 Argentina
  8.7.7.3 Rest of SA

Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies

Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
 

Healthcare Asset Management Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 15.20 Billion

Forecast Period 2024-32 CAGR:

11.2 %

Market Size in 2032:

USD 39.52 Billion

Segments Covered:

By Technology
  • Real Time Location Systems (RTLS)
  • Radio Frequency Identification (RFID)
  • Systems Active RFID
  • Passive RFID

By Application
  • Staff Management
  • Equipment Tracking
  • Patient Tracking
  • Supply Chain Management

By End User
  • Hospitals/Clinics
  • Laboratories
  • Pharmaceuticals
  • Bio-Technology

By Region
  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:
  • Rising need for operational efficiency in healthcare facilities

Key Market Restraints:
  • High initial implementation costs for asset management systems

Key Opportunities:
  • Expanding demand for healthcare infrastructure in emerging markets

Companies Covered in the report:
  • GE Healthcare, Honeywell International Inc., Impinj, Inc., Infor, Stanley Healthcare, and Other Active Players.

Frequently Asked Questions :

What would be the forecast period in the Healthcare Asset Management Market Research report?
The forecast period in the Healthcare Asset Management Market Research report is 2024-2032.
Who are the key players in the Healthcare Asset Management Market?
Ascom Holding, CenTrak, GE Healthcare, Honeywell, Impinj, Infor, Intelligent InSites, Midmark, Mobile Aspects, Novanta, Sonitor Technologies, Stanley Healthcare, TeleTracking Technologies, Versus Technology, Zebra Technologies, and Other Active Players.
What are the segments of the Healthcare Asset Management Market?
The Healthcare Asset Management Market is segmented into Technology, Application, End User and region. By Technology, the market is categorized into Real Time Location Systems (RTLS) Radio Frequency Identification (RFID) Systems Active RFID Passive RFID. By Application, the market is categorized into Staff Management Equipment Tracking Patient Tracking Supply Chain Management. By End User, the market is categorized into Hospitals/Clinics Laboratories Pharmaceuticals Bio-Technology. By region, it is analyzed across North America (U.S., Canada, Mexico), Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe), Western Europe (Germany, UK, France, The Netherlands, Italy, Spain, Rest of Western Europe), Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC), Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa), South America (Brazil, Argentina, Rest of SA).
What is the Healthcare Asset Management Market?
The Healthcare Asset Management Market means the use of Efficient Tracking Tools and Technological Application for tracking, monitoring and effectively managing Fixed Asset in Healthcare Facilities. These assets include but not limited to; bed, syringe, computer, employees, and sometimes the patients. There are uses like the Radio Frequency Identification (RFID) and Real-Time Location Systems (RTLS) that enable the healthcare institution to become efficient, save cost that can be used in searching for lost or misplaced assets, and also help in giving optimal care to its patients, as relevant equipment’s and personnel are available in place whenever needed.
How big is the Healthcare Asset Management Market?
Healthcare Asset Management Market Size Was Valued at USD 15.2 Billion in 2023, and is Projected to Reach USD 39.52 Billion by 2032, Growing at a CAGR of 11.2 % From 2024-2032.