The Hospital Asset Tracking and Inventory Management Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Hospital Asset Tracking and Inventory Management Systems Market:
According to The Business Research Company’s Hospital Asset Tracking and Inventory Management Systems Global Market Report 2024, The hospital asset tracking and inventory management systems market size has grown strongly in recent years. It will grow from $27.86 billion in 2023 to $30.06 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to cost reduction pressures, increasing complexity of healthcare operations, patient safety concerns, rise of data analytics, increasing healthcare expenditure.
The hospital asset tracking and inventory management systems market size is expected to see strong growth in the next few years. It will grow to $39.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to integration with electronic health records (EHR), remote monitoring and management, demand for real-time visibility, focus on sustainability, global health events impact. Major trends in the forecast period include artificial intelligence (AI) applications, emergence of blockchain technology, technological advancements, adoption of rid technology, data analytics for operational insights, utilization of cloud-based solutions.
The growing load of patients in hospitals has contributed to the growth of the hospital asset tracking and inventory management systems market going forward. The COVID-19 pandemic and lifestyle diseases, as well as other illnesses, including cancer, are brought on by the increasing number of people in hospitals who require hospitalization. An increase in the number of patients has increased the demand for equipment and inventory, which in turn is driving the growth of asset tracking and inventory management systems. As per data by the National Institutes of Health (NIH), an agency of the US government, 9,00,000 COVID-19 hospitalizations occurred in November 2020 and were attributed to the conditions of obesity, hypertension, diabetes, and heart failure in the United States. Also, according to data by National Center for Health Statistics, a US-based government agency, in 2022, 1,918,030 new cancer cases are forecasted in the United States. Therefore, the growing load of patients in hospitals is driving the growth of the hospital asset tracking and inventory management systems market.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=7461&type=smp
The hospital asset tracking and inventory management systems market covered in this report is segmented –
1) By Product Type: Mobile, Fixed, Other Inventory
2) By Technology: Hardware, Software
3) By Application: Equipment or Device or Supplies Tracking, Equipment Maintenance
Major companies operating in the hospital asset tracking and inventory management systems market are innovating products, such as RFID asset management solutions, to increase their profitability in the market. A RFID asset management solution in hospital asset tracking and inventory management systems refers to a technology-driven system utilizing RFID (Radio Frequency Identification) technology for effectively monitoring and managing assets within a healthcare facility. For instance, in November 2022, Sato, a Germany-based provider of auto-ID solutions catering to a wide spectrum of markets, launched ASETRA. A RAIN RFID asset management solution that enhances operational efficiency by utilizing RFID tags, printers, and reader/writers for seamless asset tracking through the supply chain The product is designed for diverse industries, including healthcare. It streamlines stock-taking, tracking, and searching of inventory assets, offering flexibility with RFID, barcode, and 2D code compatibility. ASETRA ensures ease of deployment, reduces system development costs, and integrates smoothly with existing asset management databases for greater accuracy and efficiency.
The hospital asset tracking and inventory management systems market report table of contents includes:
1. Executive Summary
2.Hospital Asset Tracking and Inventory Management Systems Market Characteristics
3.Hospital Asset Tracking and Inventory Management Systems Market Trends And Strategies
4.Hospital Asset Tracking and Inventory Management Systems Market analyis
5.Hospital Asset Tracking and Inventory Management Systems Market Size And Growth
6.Hospital Asset Tracking and Inventory Management Systems Segmentation
7.Hospital Asset Tracking and Inventory Management Systems Regional And Country Analysis
.
.
.
27.Hospital Asset Tracking and Inventory Management Systems Competitive Landscape And Company Profiles
28.Hospital Asset Tracking and Inventory Management Systems Key Mergers And Acquisitions
29.Hospital Asset Tracking and Inventory Management Systems Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- IBM Corporation
- Honeywell International Inc.
- Siemens Healthineers AG
- GE Healthcare
- Tyco International PLC
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
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.
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.
Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Asset Tracking and Inventory Management Solutions Market by By Component (Hardware, Software, Services ), By Industry (Retail, BFSI, IT& Telecom, Healthcare, Hospitality, Transportation, Logistics, Chemical, Energy & Utilities, Oil & Gas, Manufacturing, Education, Government, Others), By Application (IT Asset Tracking, Equipment Tracking, Facility Management, Tool Tracking, Funding Management, Mandate Compliance, Warehouse Management, Others) , By Geographical Segments (North America, South America, Europe, Asia-Pacific, Middle East and Africa) Analysis and Forecast, 2019 – 2025”.
In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge.
The Global Asset Tracking and Inventory Management Solutions Market is expected to reach USD 31.9 billion by 2025 from USD 11.8 billion in 2017 and is projected to grow at a CAGR of 12.7 % in the forecast period of 2018 to 2025Get Access to PDF Sample of Global Identity and Access Management Market Size, Status and Forecast 2019-2025 @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-asset-tracking-and-inventory-management-solutions-marketMarket Definition: Global Asset Tracking and Inventory Management Solutions MarketAsset tracking and inventory management solutions are defined as collection and maintenance of accurate records for fixed assets.
Asset tracking include tracking unique items of value and inventory tracking refer to tracking non-unique items of value.
For instance, the available supply of parts and materials cost & buyer data such as sales history, helps to enhance the forecasting and planning for sales and production.
Market Segmentation: Global Asset Tracking and Inventory Management Solutions MarketThe market is based on service, industry and geographical segments.Based on component, the market is segmented into hardware and services.
