Healthcare Asset Management Market Research Report – Forecast to 2027

Healthcare Asset Management Market: Information, Product (Radiofrequency Identification (RFID) Devices, and Others), Application (Hospital Asset Management and Others), End-User (Hospital, Laboratory, Pharmaceutical, and Others)–Global Forecast Till 2027

ID: MRFR/HCIT/4874-HCR | February 2021 | Region: Global | 85 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data

Market Scenario


The healthcare asset management market is expected to grow during the forecast period (2018–2023) at a CAGR ~18.2%.


Healthcare asset management uses applications such as Radiofrequency Identification (RFID) and plays an important role in optimization and effective use of medical devices, managing inventory and reducing human error. The growing concern for patient safety, need to increase the efficiency of available resources, and acceptance of advanced technology in the healthcare sector are expected to drive the growth of the market. Moreover, rising R&D spending and strategies applied by major players such as new product development are contributing to the growth of the market. For instance, in August 2018, Infor Inc. which is a major player in the healthcare asset management sector announced the latest version of Enterprise Asset Management (EAM) software.


The rising concerns about patient safety, accuracy issues with the devices, the high installation cost of healthcare asset management tools, and poor implementation due to organizational and infrastructure issues may hamper the growth of the market during the assessment period.


Segmentation


The healthcare asset management market has been segmented on the basis of product, application, and end-user.


On the basis of product, the market has been classified as real-time location systems (RTLS), radiofrequency identification (RFID) devices and ultrasound & infrared tags. The real-time location systems (RTLS) segment has been further divided into hardware, software and services. The hardware segment has been further divided into tags/badges and readers/interrogators.


The radiofrequency identification (RFID) devices have been classified as hardware, and software and services. the hardware segment has been divided tags, readers/interrogators, and accessories. The tags sub-segment has been segmented into passive tags and active tags. The passive tags segment has been divided into high-frequency (HF) tags, ultra-high-frequency (UHF) tags and low-frequency (LF) tags. Furthermore, the application segment has been sub-segmented into hospital asset management and pharmaceutical asset management. The hospital asset management segment includes equipment tracking and management, patient management, temperature and humidity monitoring, staff management and infection control and hand hygiene compliance. The pharmaceutical asset management segment includes drug anti-counterfeiting and supply chain management.


The market, by end-user, has been segmented into Hospital/Clinic, Laboratories, Pharmaceutical companies, Biotechnology.


The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The healthcare asset management market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.


The European healthcare asset management market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 


The healthcare asset management market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The healthcare asset management market in the Middle East & Africa has been segmented into the Middle East and Africa.


Regional Market Summary


Healthcare Asset Management Market Share, by Region, 2017 (%)


Healthcare Asset Management Market Share


Source: MRFR Analysis


The Americas are likely to dominate the healthcare asset management market owing to the adoption of highly advanced technology, increasing demand for new technology to stop fake drugs(Drug counterfeiting) and the presence of a well-established healthcare system as well as the presence of a huge network of healthcare service providers. According to the American hospital association, in the year 2016, a number of registered hospitals in the US was 5,534, roughly 2000 hospitals were present in the rural area and 3000+ hospitals were operating in the urban area.


The European market is expected to be the second-largest healthcare asset management market. The market growth in this region can be attributed to government funding and support of the healthcare sector coupled with increasing research and development. Moreover, increasing cases of drug counterfeiting is responsible for rising demand for healthcare asset management services and it is also contributing to the growth of the market in this region. According to the European intellectual property office drug, the counterfeit is a major problem in the healthcare sector. Revenue of USD 11.5 billion is lost per year because of drug counterfeiting and 10% of all medicines supplied globally are falsified.


Asia-Pacific is expected to be the fastest-growing healthcare asset management market during the forecast period owing to the increasing demand for easy to use asset management software’s, increasing digitalization in the region, and investments in healthcare and expansions by market players in the region.


The market in the Middle East & Africa is expected to account for the smallest share of the healthcare asset management market due to an underdeveloped healthcare sector, poor medical facilities and lack of technical knowledge


Key Players


Some of the key players in the healthcare asset management market are cenTrak, Airista Flow, GE Healthcare, IBM Corporation, Infor Inc., Tyco Security Products., Intelligent InSites, Motorola Solutions, Inc., Radianse, JADAK (a Novanta Company), Siemens Healthineers, Sonitor Technologies, Stanley Black & Decker, Inc., Ekahau, Inc.


Healthcare Asset Management Market, by Product



  • Real-Time Location Systems (RTLS)


    • Hardware


      • Tags/Badges

      • Readers/Interrogators


    • Software

    • Services


  • Radiofrequency Identification (RFID) Devices


    • Hardware


      • Tags





  • Passive Tags

    • High-Frequency (HF) Tags

    • Ultra-High-Frequency (UHF) Tags

    • Low-Frequency (LF) Tags



  • Active Tags





      • Readers/Interrogators

      • Antennas

      • Accessories


    • Software

    • Services


  • Ultrasound and Infrared Tags


Healthcare Asset Management Market, by Application



  • Hospital Asset Management


    • Equipment Tracking and Management

    • Patient Management

    • Temperature and Humidity Monitoring

    • Staff Management

    • Infection Control and Hand Hygiene Compliance


  • Pharmaceutical Asset Management


    • Drug Anti-Counterfeiting

    • Supply Chain Management



Healthcare Asset Management Market, by End-User




    • Hospital/Clinic




  • Laboratories

  • Pharmaceutical companies

  • Biotechnology firms


Healthcare Asset Management Market, by Region



  • Americas

  • North America

  • US

  • Canada

  • South America

  • Europe

  • Western Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Western Europe

  • Eastern Europe

  • Asia-Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Middle East

  • Africa


Intended Audience



  • Healthcare asset management product manufacturers

  • Healthcare asset management service providers

  • Healthcare providers

  • Medical device manufacturers

  • Research institutes and academic centers

  • Contract research organizations (CROs)

  • Government associations

  • Market research and consulting



Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Healthcare Asset Management, by Product

6.1 Introduction

6.2 Real-Time Location Systems (RTLS)

6.2.1 Hardware

6.2.1.1 Tags/Badges

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.2.1.1 Readers/Interrogators

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.2.2 Software

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.2.3 Services

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3 Radiofrequency Identification (RFID) Devices

6.3.1 Hardware

6.3.1.1 Tags

6.3.1.1.1 Passive Tags

6.3.1.1.1.1 High-Frequency (HF) Tags

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3.1.1.1.2 Ultra-High-Frequency(UHF) Tags

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3.1.1.1.3 Low-Frequency (LF) Tags

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3.1.1.2 Passive Tags

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3.1.2 Readers/Interrogators

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3.1.2 Antennas

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3.1.2 Accessories

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3.3 Software

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3.4 Services

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.4 Ultrasound & Infrared Tags

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

Chapter 7. Healthcare Asset Management Market, by Application

7.1 Introduction

7.2 Hospital Asset Management

7.2.1 Equipment Tracking and Management

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.2.2 Patient Management

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.2.3 Temperature and Humidity Monitoring

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.2.3 Staff Management

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.2.4 Infection Control and Hand Hygiene Compliance

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.3 Pharmaceutical Asset Management

7.3.1 Drug Anti-Counterfeiting

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.3.2 Supply Chain Management

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

Chapter 8. Healthcare Asset Management Market, by End-User

8.1 Introduction

8.2 Hospital/Clinic

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

8.3 Laboratories

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

8.4 Pharmaceutical companies

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

8.5 Biotechnology firms

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

Chapter 9. Healthcare Asset Management Market, by Region

9.1 Introduction

9.2 Americas

9.2.1 North America

9.2.1.1 US

9.2.1.2 Canada

9.2.2 South America

9.3 Europe

9.3.1 Western Europe

9.3.1.1 Germany

9.3.1.2 France

9.3.1.3 Italy

9.3.1.4 Spain

9.3.1.5 UK

9.3.1.6 Rest of Western Europe

9.3.2 Eastern Europe

9.4 Asia-Pacific

9.4.1 Japan

9.4.2 China

9.4.3 India

9.4.4 Australia

9.4.5 South Korea

9.4.6 Rest of Asia-Pacific

9.5 Middle East & Africa

9.5.1 Middle East

9.5.2 Africa

Chapter 10. Company Landscape

10.1 Introduction

10.2 Market Share Analysis

10.3 Key Development & Strategies

Chapter 11. Company Profiles

11.1 CenTrak

11.1.1 Company Overview

11.1.2 Product Overview

11.1.3 Financials Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.2 Airista Flow

11.2.1 Company Overview

11.2.2 Product Overview

11.2.3 Financial Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.3 GE Healthcare

11.3.1 Company Overview

11.3.2 Product Overview

11.3.3 Financial Overview

11.3.4 Key Development

11.3.5 SWOT Analysis

11.4 IBM Corporation

11.4.1 Company Overview

11.4.2 Technology/Business Segment Overview

11.4.3 Financial Overview

11.4.4 Key Development

11.4.5 SWOT Analysis

11.5 Infor Inc.

11.5.1 Company Overview

11.5.2 Product Overview

11.5.3 Financial overview

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.6 Tyco Security Products.

11.6.1 Company Overview

11.6.2 Product Overview

11.6.3 Financial Overview

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.7 Intelligent InSites

11.7.1 Overview

11.7.2 Product Overview

11.7.3 Financial Overview

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.8 Intelligent InSites

11.8.1 Overview

11.8.2 Product/ Technology Overview

11.8.3 Financials

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.9 Motorola Solutions, Inc.

11.9.1 Overview

11.9.2 Product Overview

11.9.3 Financials

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.10 Radianse

11.10.1 Overview

11.10.2 Product Overview

11.10.3 Financials

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.11 JADAK(a Novanta Company)

11.11.1 Overview

11.11.2 Product Overview

11.11.3 Financials

11.11.4 Key Developments

11.11.5 SWOT Analysis

11.12 Siemens Healthineers

11.12.1 Overview

11.12.2 Product Overview

11.12.3 Financials

11.12.4 Key Developments

11.12.5 SWOT Analysis

11.13 Sonitor Technologies

11.13.1 Overview

11.13.2 Product Overview

11.13.3 Financials

11.13.4 Key Developments

11.13.5 SWOT Analysis

11.14 Stanley Black & Decke

11.14.1 Overview

11.14.2 Product Overview

11.14.3 Financials

11.14.4 Key Developments

11.14.5 SWOT Analysis

11.15 Ekahau, Inc.

11.15.1 Overview

11.15.2 Product Overview

11.15.3 Financials

11.15.4 Key Developments

11.15.5 SWOT Analysis

Chapter 12 MRFR Conclusion

12.1 Key Findings

12.1.1 From CEO’s Viewpoint

12.1.2 Unmet Needs of the Market

12.2 Key Companies to Watch

12.3 Predictions for the Healthcare Asset Management Industry

Chapter 13. Appendix

LIST OF TABLES

Table 1 Healthcare Asset Management Market Synopsis, 2020–2027

Table 2 Healthcare Asset Management Market Estimates and Forecast, 2020–2027 (USD Million)

Table 3 Healthcare Asset Management Market, by Region, 2020–2027 (USD Million)

Table 4 Healthcare Asset Management Market, by Product, 2020–2027 (USD Million)

Table 5 Healthcare Asset Management Market, by Application, 2020–2027 (USD Million)

Table 6 Healthcare Asset Management Market, by, End-User 2020–2027 (USD Million)

Table 7 North America: Healthcare Asset Management Market, by Product, 2020–2027 (USD

Million)

Table 8 North America: Healthcare Asset Management Market, by Application, 2020–2027 (USD

Million)

Table 9 North America: Healthcare Asset Management Market, by, End-User 2020–2027 (USD

Million)

Table 10 US: Healthcare Asset Management Market, by Product, 2020–2027 (USD Million)

Table 11 US: Healthcare Asset Management Market, by Application, 2020–2027 (USD Million)

Table 12 US: Healthcare Asset Management Market, by, End-User 2020–2027 (USD Million)

Table 13 Canada: Healthcare Asset Management Market, by Product, 2020–2027 (USD Million)

Table 14 Canada: Healthcare Asset Management Market, by Application, 2020–2027 (USD Million)

Table 15 Canada: Healthcare Asset Management Market, by, End-User 2020–2027 (USD

Million)

Table 16 South America: Healthcare Asset Management Market, by Product, 2020–2027 (USD

Million)

Table 17 South America: Healthcare Asset Management Market, by Application, 2020–2027 (USD

Million)

Table 18 South America: Healthcare Asset Management Market, by, End-User 2020–2027 (USD

Million)

Table 19 Europe: Healthcare Asset Management Market, by Product, 2020–2027 (USD Million)

Table 20 Europe: Healthcare Asset Management Market, by Application, 2020–2027 (USD Million)

Table 21 Europe: Healthcare Asset Management Market, by, End-User 2020–2027 (USD Million)

Table 22 Western Europe: Healthcare Asset Management Market, by Product, 2020–2027 (USD

Million)

Table 23 Western Europe: Healthcare Asset Management Market, by Application, 2020–2027 (USD

Million)

Table 24 Western Europe: Healthcare Asset Management Market, by End-User, 2020–2027

(USD Million)

Table 25 Eastern Europe: Healthcare Asset Management Market, by Product, 2020–2027 (USD

Million)

Table 26 Eastern Europe: Healthcare Asset Management Market, by Application, 2020–2027 (USD

Million)

Table 27 Eastern Europe: Healthcare Asset Management Market, by End-User, 2020–2027

(USD Million)

Table 28 Asia-Pacific: Healthcare Asset Management Market, by Product, 2020–2027 (USD

Million)

Table 29 Asia-Pacific: Healthcare Asset Management Market, by Application, 2020–2027 (USD

Million)

Table 30 Asia-Pacific: Healthcare Asset Management Market, by End-User, 2020–2027 (USD

Million)

Table 31 Middle East & Africa: Healthcare Asset Management Market, by Product, 2020–2027

(USD Million)

Table 32 Middle East & Africa: Healthcare Asset Management Market, by Application, 2020–2027

(USD Million)

Table 33 Middle East & Africa: Healthcare Asset Management Market, by End-User, 2020–2027

(USD Million)

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation for Healthcare Asset Management Market

Figure 3 Segmentation Market Dynamics for Healthcare Asset Management Market

Figure 4 Healthcare Asset Management Market Share, by Product, 2020

Figure 5 Healthcare Asset Management Market Share, by Application, 2020

Figure 6 Healthcare Asset Management Market Share, by End-User, 2020

Figure 7 Healthcare Asset Management Market Share, by Region, 2020

Figure 8 North America: Healthcare Asset Management Market Share, by Country, 2020

Figure 9 Europe: Healthcare Asset Management Market Share, by Country, 2020

Figure 10 Asia-Pacific: Healthcare Asset Management Market Share, by Country, 2020

Figure 11 Middle East & Africa: Healthcare Asset Management Market Share, by Country, 2020

Figure 12 Healthcare Asset Management Market: Company Share Analysis, 2020 (%)

Figure 13 CenTrak: Key Financials

Figure 14 CenTrak: Segmental Revenue

Figure 15 CenTrak: Geographical Revenue

Figure 16 Airista Flow.: Key Financials

Figure 17 Airista Flow.: Segmental Revenue

Figure 18 Airista Flow.: Geographical Revenue

Figure 19 GE Healthcare: Key Financials

Figure 20 GE Healthcare: Segmental Revenue

Figure 21 GE Healthcare: Geographical Revenue

Figure 22 IBM Corporation: Key Financials

Figure 23 IBM Corporation: Segmental Revenue

Figure 24 IBM Corporation: Geographical Revenue

Figure 25 Infor Inc.: Key Financials

Figure 26 Infor Inc.: Segmental Revenue

Figure 27 Infor Inc. Geographical Revenue

Figure 28 Tyco Security Products: Key Financials

Figure 29 Tyco Security Products: Segmental Revenue

Figure 30 Tyco Security Products: Geographical Revenue

Figure 31 Intelligent InSites: Key Financials

Figure 32 Intelligent InSites: Segmental Revenue

Figure 33 Intelligent InSites: Geographical Revenue

Figure 34 Intelligent InSites: Key Financials

Figure 35 Intelligent InSites: Segmental Revenue

Figure 36 Intelligent InSites: Geographical Revenue

Figure 37 Motorola Solutions, Inc.: Key Financials

Figure 38 Motorola Solutions, Inc.: Segmental Revenue

Figure 39 Motorola Solutions, Inc.: Geographical Revenue

Figure 40 Radianse: Key Financials

Figure 41 Radianse: Segmental Revenue

Figure 42 Radianse: Geographical Revenue

Figure 43 JADAK(a Novanta Company): Key Financials

Figure 44 JADAK(a Novanta Company): Segmental Revenue

Figure 45 JADAK(a Novanta Company): Geographical Revenue

Figure 46 Siemens Healthineers: Key Financials

Figure 47 Siemens Healthineers: Segmental Revenue

Figure 48 Siemens Healthineers: Geographical Revenue

Figure 49 Sonitor Technologies.: Key Financials

Figure 50 Sonitor Technologies.: Segmental Revenue

Figure 51 Sonitor Technologies.: Geographical Revenue

Figure 52 Stanley Black & Decke: Key Financials

Figure 53 Stanley Black & Decke: Segmental Revenue

Figure 54 Stanley Black & Decke: Geographical Revenue

Figure 55 Ekahau, Inc.: Key Financials

Figure 56 Ekahau, Inc.: Segmental Revenue

Figure 57 Ekahau, Inc.: Geographical Revenue