Healthcare Asset Management Market

According to the latest report by IMARC Group, titled “Healthcare Asset Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the healthcare asset management market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global healthcare asset management market reached a value of US$ 13.35 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 25.93 Billion by 2027, exhibiting at a CAGR of 11.7% during 2022-2027. Healthcare asset management is a flexible, highly systematic computerized solution that assists in planning, acquiring, deploying, operating, maintaining, and disposing of physical resources in the healthcare infrastructure. It entails various facilities, including pumps, refrigeration, mobile beds, wheelchairs, compressors, heating, ventilation, and air-conditioning (HVAC) systems, which are monitored by the system. Healthcare asset management is used to track inventory to maintain appropriate stock, locate equipment, perform predictive maintenance, offer custom design services, and enhance staff communication. This, in turn, aids in optimizing operational efficiencies, managing physical assets, and improving overall patient healthcare. Owing to these properties, it is extensively employed in healthcare institutions and hospitals for promoting the smooth functioning of equipment and organization.

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Global Healthcare Asset Management Market Trends:

With the substantial enhancement in the healthcare sector, there has been an increasing need for an effective integrated equipment management platform for efficiently maintaining the existing facilities. This, in turn, has augmented the widespread adoption of healthcare asset management solutions to improve overall operations at minimized cost, which represents a key factor currently driving the market growth. Additionally, the increasing prevalence of various chronic disorders, especially amongst the geriatric population, and the rising awareness amongst consumers regarding the availability of healthcare services are further propelling the product demand. Additionally, the large-scale integration of the Internet of Things (IoT), artificial intelligence (AI), and real-time location systems (RTLS) solutions to enable quick analysis through a dashboard is contributing to the market growth. Moreover, the sudden outbreak of the COVID-19 pandemic has prompted governments to promote the uptake of remote healthcare asset management solutions that can be operated through smartphones and tablets for managing and accessing patient records, which is impelling the market growth. Other factors, such as the extensive utilization of healthcare asset management to eliminate the need for printouts, reduce waste, and decrease repair time while complying with industry standards and strategic collaborations amongst key players to enhance product efficacy, are creating a positive outlook for the market. 

Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

  • Accenture plc
  • AiRISTA Flow Inc
  • CenTrak Inc. (Halma plc)
  • Cerner Corporation
  • General Electric Company
  • International Business Machines Corporation
  • Midmark Corporation
  • Motorola Solutions Inc.
  • Novanta Inc
  • Siemens AG
  • Sonitor Technologies
  • Stanley Black & Decker Inc.
  • Zebra Technologies Corporation

Key Segmentation: 

Breakup by Product:

  • Radiofrequency Identification Devices (RFID)
  • Real-Time Location Systems (RTLS)
  • Others

Breakup by Application:

  • Hospital Asset Management
    • Staff Management
    • Equipment Tracking and Management
    • Patient Management
    • Others
  • Pharmaceutical Asset Management
    • Drug Anti-counterfeiting
    • Supply Chain Management

Breakup by End User:

  • Hospitals and Clinics
  • Laboratories
  • Pharmaceutical Companies
  • Others

 Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time. 


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