The Hospital Asset Tracking And Inventory Management Systems market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study. This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the hospital asset tracking and inventory management systems market include ASCOM, CenTrak, GE Healthcare, Honeywell International, Inc., Midmark Corporation and ZIH Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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Market Dynamics
The growing healthcare industry coupled with an increasing need for better asset management in hospitals is driving the market growth. Acceptance of these management systems in the pharmaceutical industry is again accelerating market growth. Additionally, the reduction in the cost of RFID tags is further fuelling market growth. On the other hand, lack of awareness and cybersecurity breach associated with asset tracking and inventory management system may hinder market growth. Whereas, technological advancements and penetration in emerging economies are expected to offer an opportunity during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of hospital asset tracking and inventory management systems.
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Market Segmentation
The broad hospital asset tracking and inventory management systems market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
- Mobile
- Fixed
- Other Inventory
By Application
- Hardware
- Software
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for hospital asset tracking and inventory management systems in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
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Hospital asset tracking and inventory management system helps hospital in the management of its assets and inventory by providing a real time based solution.
This inventory tracking solution works by placing RFID labels on equipments such as stretchers, wheel chairs, ECG machine etc that can be traced through RFID readers.
Mobile based software available on employees’ devices enables them to monitor all the equipments.Technological advancements and R & D investments to innovate advanced solutions are the key drivers for increasing the demand for Hospital Asset Tracking and Inventory Management over the forecast period 2018-2026 .Increasing use of Artificial Intelligence (AI), integration with Internet of Things (IoT), and supply chain and workflows are the major factors affecting in the hospital asset tracking and inventory management systems market.Get Sample Copy Of The Report@ https://www.trendsmarketresearch.com/report/sample/9933 The hospital asset tracking and inventory management systems market is categorized on the basis of component, application and industry.
Hardware segment of the global market has the highest market share as there is increasing of significant deployment of inventory management and asset tracking solutions by businesses due to increasing demand for proper inventory management needs.
On the basis of application the market is divide into IT asset tracking, equipment tracking, facility management, tool tracking, funding management, mandate compliance, warehouse management and others.
On the basis of industry the hospital asset tracking and inventory management systems market is fragmented in groups such as retail, BFSI, IT & telecom, healthcare, hospitality, transportation and logistics, chemical, energy & utilities, oil & gas, manufacturing, education, government and others that includes automotive, mining, and textile.
February 25, 2019: The global hospital asset tracking and inventory management systems market is expected to reach USD 31.06 billion by 2025, according to a new report by Grand View Research, Inc.
Rising need to reduce healthcare costs coupled with high prevalence of Hospital-acquired Infections (HAIs) is anticipated to boost the growth.Manual handling of the numerous equipment and assets used in a hospital is a difficult task.
Hospital asset management allows smooth and continuous hospital operations by decreasing the time in searching these equipment.
This factor is anticipated to bode well for market growth in the forthcoming years.Download sample Copy of This Report at: https://www.radiantinsights.com/research/hospital-asset-tracking-and-inventory-management-systems-market/request-sample Availability of advanced systems and rapid technological advancements are also significant driving factors for the hospital asset tracking and inventory management systems market.
For instance, the Central Manchester University hospital uses hospital asset management system, which manages over 500,000 assets.
They ultimately help improve quality of life of the patients.
