The recent study by Fact.MR on global Hospital asset management market offers a 6-year forecast between 2020 and 2026.
Fact.MR, Rockville: The recent study by Fact.MR on global Hospital asset management market offers a 6-year forecast between 2020 and 2026. The study analyzes crucial trends that are currently determining the growth of the global hospital asset management market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the provision of hospital asset management solutions.
The market has been acquiring stupendous gains since the pre-pandemic times, as hospitals and other healthcare settings increasingly seek to leverage advanced workflow management solutions to enhance operational efficiency. Additionally, patient safety and staff security have acquired immense precedence in recent years. Hence, key healthcare companies are emphasizing on developing precision-based and highly integrated asset management software.
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“Hospital asset management service providers are actively collaborating with prominent data security solutions players and digital software platforms vendors to incorporate smart asset management approaches, thereby alleviating the burden associated with manual tracking and management practices,” comments a Fact.MR analyst.
Key Takeaways from Hospital Asset Management Market Study
- Instrument management to acquire center-stage, driven by heightened theft reduction initiatives
- By product, RTLS deployment to acquire precedence, followed by RFID solutions to enhance supply chain and inventory management
- U.S to emerge as a lucrative market, attributed to growing demand for patient tracking and management
- Strict hospital asset management regulations to increase uptake across U.K., expected to register steady annual growth
- Germany and France to emerge as key hospital asset management hubs, given the rising number of hospital management educational programs
- Asia Pacific to be the key growth engine, with India and China emerging as primary revenue ecosystems
Hospital Asset Management Market- Prominent Drivers
- Growing need to streamline workflow is increasing scope of digital hospital asset management solutions
- Rising cybersecurity breaches due to attacks like ransomware is compelling hospitals to beef up electronic health records protecting, driving growth
- Service providers are capitalizing on the dual combination of Wi-Fi RFID based RTLS systems to develop new products
Hospital Asset Management Market- Key Restraints
- Heightened initial implementation costs discourages small and medium-scale healthcare settings from adopting advanced asset management systems
- Rapidly evolving nature of cybersecurity breaches is compelling organizations to constantly upgrade existing security apparatuses which is expensive
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More Insights on the Hospital Asset Management Market
The research study on the global hospital asset management market by Fact.MR incorporates an unbiased assessment of key factors. Market statistics have been presented on the basis of Product (Real-time Location System (RTLS), Radio-frequency Identification (RFID), Ultrasound Tags and Infrared Tags) and Application (Staff Management, Patient Management, Supply Chain Management and Instrument Management) across five major regions.
Global Hospital Asset Management Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in the global hospital asset management market across the globe.
A comprehensive estimate on the global hospital asset management market has been provided through an optimistic as well as a conservative scenario, taking into account the sales of global hospital asset management devices during the forecast period. Price point comparison by region with global average price is also considered in the study.
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Source:Fact.MR