https://www.fortunebusinessinsights.com/industry-reports/hospital-asset-management-systems-market-100625


https://www.fortunebusinessinsights.com/industry-reports/hospital-asset-management-systems-market-100625


https://www.fortunebusinessinsights.com/industry-reports/hospital-asset-management-systems-market-100625

In 2019, the global healthcare asset management market was valued at USD 11,002.50 million
and is projected to reach USD 215,133.5 million by 2032, reflecting a robust compound annual
growth rate (CAGR) of 25.3% during the forecast period. North America led the market in 2019,
holding a dominant share of 49.94%.
In healthcare settings, asset management is a highly systematic and cost-effective approach to
planning, acquiring, deploying, operating, maintaining, and disposing of physical assets within a
medical facility. By providing a comprehensive asset registry, healthcare asset management
solutions enable hospitals and clinics to efficiently track and manage inventory. This, in turn,
enhances patient care, reduces operational costs, and improves overall efficiency. A healthcare
asset management system encompasses various aspects, including ward management, facility
layout, intensive care, operational care, and broader facility management. The optimal
utilization of physical assets plays a crucial role in enhancing the quality of patient care, making
well-structured asset management an essential component of hospital operations. The growing
emphasis on effectively managing existing assets and workforce has led healthcare facilities
worldwide to adopt advanced asset management solutions, significantly driving the expansion
of the healthcare asset management market.
Tariff Impact Analysis:
https://www.fortunebusinessinsights.com/industry-reports/hospital-asset-management-
systems-market-100625
Market Trends:
The healthcare asset management market is experiencing rapid growth, driven by the
increasing need for efficient tracking and monitoring of medical equipment, pharmaceuticals,
and patients. The adoption of technologies such as radio-frequency identification (RFID), real-
time location systems (RTLS), and the Internet of Things (IoT) is enhancing asset visibility and
operational efficiency in healthcare facilities. Additionally, the rising demand for automation
and data-driven decision-making in hospitals and clinics is further propelling the adoption of
healthcare asset management solutions.
List Of Key Companies Profiled In Healthcare Asset Management Market:
•
IBM Corporation
• Stanley Healthcare
• CenTrak, Inc.
• AiRISTA Flow
• Versus Technology, Inc.
• Zebra Technologies,
• GE Healthcare
• Sonitor
• AeroScout Inc.
• Others

Market Segmentation:
This market is mainly divided based on product type, application, and end user. The most
common technologies used are RFID (Radio Frequency Identification) and RTLS (Real-Time
Location Systems). RFID is often used to keep track of medical tools and drugs, while RTLS helps
monitor the location of staff and patients in real-time. In terms of usage, hospitals are the main
users of these systems because they handle a large amount of equipment and personnel.
Market Growth
The market is seeing strong growth for several reasons. Hospitals want to avoid losing or
misplacing expensive equipment, which can delay patient care. Real-time tracking also helps
improve safety by making sure the right tools are available when needed. The addition of smart
technologies like AI and IoT is taking things even further by allowing predictive maintenance
and better planning. As a result, more healthcare providers are turning to asset management
systems to improve how they operate.
Challenges:
Despite the growth, there are still some roadblocks. The upfront cost of installing these systems
can be high, especially for smaller clinics. Some facilities also face challenges with integrating
new technology into older systems, and there are concerns about data privacy and
cybersecurity. In some developing regions, budget constraints and lack of trained staff may
slow adoption.
Regional Overview:
North America currently leads the healthcare asset management market, thanks to its advanced
healthcare systems and early adoption of digital technologies. Europe is also seeing steady
growth, with strong investments in healthcare infrastructure. However, the Asia-Pacific region is
expected to grow the fastest due to rising health
care spending, increasing hospital construction, and greater awareness of digital tools in
countries like India and China.
Key Industry Developments:
In July 2021, Zebra Technologies announced the acquisition of Fetch Robotics, a leading
innovator in on-demand automation. This strategic acquisition aims to accelerate the
company's expansion in industrial automation while enhancing its focus on robotics to deliver
more customer-centric solutions.
In December 2020, CenTrak introduced OnDemandOrder, a web-based solution designed to
streamline the distribution and management of requests for mobile medical equipment and

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other support services. The platform is accessible via web browsers and a mobile application,
and it can also be integrated into a more comprehensive real-time location system (RTLS) for
enhanced tracking and operational efficiency.
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