Monotony and tediousness associated with manual record keeping is compelling hospitals to invest in automated tracking solutions, leading to a widening berth for asset management solutions
ROCKVILLE, MD / ACCESSWIRE / February 8, 2021 / Fact.MR: Award winning market research company Fact.MR's report on the hospital asset management market forecasts a highly optimistic outlook through 2021, a prediction carried forward as a result of an exponential spike registered through 2020 with the outbreak of the COVID-19 pandemic. Growth across the next 10 years is also slated to be strong, experiencing a robust CAGR through 2031.
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.
Key healthcare providers are capitalizing on real-time location systems and radio frequency identification technologies to better manage their caregiving services. Prominent solutions providers such as Siemens, offers RTLS based asset tracking and management services through its ENLIGHTED platform, resulting in cost savings up to 85% across an area spanning over 410 million square feet.
"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.
Request a report sample with 170 pages to gain comprehensive insights at https://www.factmr.com/connectus/sample?flag=S&rep_id=4783
Key Takeaways from Fact.MR's 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
Discover more about the hospital asset management market with 87 figures and 19 data tables, along with the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/4783/hospital-asset-management-market
Competitive Landscape
The global hospital asset management market appears highly fragmented, attributed to the presence of various small, medium and large-scale manufacturers. Some prominent players profiled include ZIH Corp, Stanley Healthcare, GE Healthcare, Awarepoint Corporation, Honeywell International Inc., Cisco Systems Inc., Ekahau, Sonitor Technologies, Siemens Healthineers AG and Ascom.
Leveraging artificial intelligence to provide state-of-the-art patient and staff care lies at the core of most manufacturers. In May 2020, for instance, Stanley Healthcare partnered with Cisco Systems Inc. to deploy real-time location system (RTLS) based hospital monitoring solutions to help healthcare workers cope with COVID-19 treatment and also helped procure additional medical equipment supplies.
On similar line, GE Healthcare offers a dynamic asset performance management platform which helps reduce total cost of ownership, improve capital allocation and asset efficiency, increase labor productivity and augment revenue generation. The platform provides access to data and analytics to predict, maintain, locate and analyze assets to help optimize utilization, increase availability and reduce operating costs.
Request a Report Customization as Per Your Needs
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4783
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.
Get Access to the Full Report
https://www.factmr.com/checkout/4783/S
Explore Fact.MR's Coverage on the Healthcare Domain
Blood Gas and Electrolyte Analyzer Market: An extensive by Fact.MR on the blood gas and electrolyte analyzer market offers a 10-year forecast for 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of the blood gas and electrolyte analyzer market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players.
Medical Imaging Phantoms Market: A detailed assessment of the medical imaging phantoms market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in Fact.MR's in-depth coverage on the market. Information regarding the prominent drivers, opportunities and trends across the landscape have also been provided in this extensive study.
Indirect Calorimeter Market: A key study by Fact.MR on the indirect calorimeter market offers a decade long forecast, analyzing crucial trends that are currently determining the growth of the indirect calorimeter market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players.
About Fact.MR
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range - from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.
Contact:
US Sales Office:
Sudip Saha
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: [email protected]
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
SOURCE: Fact.MR