The healthcare asset management market is projected to grow rapidly at a CAGR of 31.5% throughout the forecast period 2021–2027. Growing need for patient safety as well as acceptance of advanced technology drive the global healthcare asset management market. These key growth drivers have incredibly helped the healthcare asset management market and are estimated to boost the growth. Analysts studying the healthcare asset management market have also shared growth projections in the healthcare asset management market research report and have suggested healthcare asset management market-based companies to develop growth strategies. Concerns regarding safety of patients as well as accuracy issues with the devices are the challenges that companies across the healthcare asset management market could face. The details covered in the healthcare asset management market report cover all the aspects of the industry.
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Market Segmentation
The global healthcare asset management market has been segmented based on application, end-user, and product. On the basis of end-users, the market for healthcare asset management is segmented based on laboratory, pharmaceutical, hospital, and others. Additionally, the market on the basis of applications, is segmented into hospital asset management and others. The global market for healthcare asset management is also covered based on the product segment which is further split into radio frequency identification (RFID) devices, and others.
Factors like growing need to increase the efficiency of available resources in healthcare as well as reducing human error propel the healthcare asset management market growth. The healthcare asset management market performance has also been studied. The healthcare asset management market report provides analysis of past and current trends. The market segmental analysis provided in the healthcare asset management market research report offers crucial details about the healthcare asset management market based on the data and forecasts till 2023.
Regional Overview
The market in the Americas is expected to dominate the Healthcare asset management market during the forecast period owing to the increasing awareness and acceptance about new technology in healthcare sector along with the increasing expenditure on the healthcare sector, and well-established network of healthcare Centers/Hospitals in the region. The European market is expected to be the second-largest due to government funding and support of the healthcare sector, coupled with increasing research and development. Moreover, the market in Asia-Pacific is anticipated to be the fastest-growing during the forecast period owing to technological development, increasing digitization and favorable government initiatives for healthcare facilities. The market in the Middle East & Africa is likely to account for the smallest share of the healthcare management market. But increasing drug counterfeiting cases can boost the market growth. According to WHO, this region is badly affected by drug counterfeiting and 41% of cases of drug counterfeiting are from this region.
Competitive Landscape
The healthcare asset management market is corroborated by rising R&D spending and strategies. The population growth as well as increasing demand of healthcare asset management market based solutions also accelerate the market growth. However, the healthcare asset management market can be affected due to high installation cost as well as poor implementation. The healthcare asset management market research report covers all such factors assisting companies in the healthcare asset management market to improve their plans and portfolio. The healthcare asset management market research report also provides company profiles of major businesses. The healthcare asset management market report highlights crucial details about organizations operating across North America, Europe, Asia-Pacific (APAC), and the rest of the world regional markets.
Industry News
Real Asset Management (RAM) has purchased a parcel of three geographically placed medical centers for AUD100 million from Australian-owned investment company Real Asset Management (RAM) as it explores listing REIT critical facilities on the Australian Stock Exchange next year. The clinics formerly operated by Canada's Northwest Healthcare Assets include the Cooee Tasmania 70-bed North West Medical Facility. The acquisitions raise the overall valuation to nearly $500 million of the critical services property portfolio of RAM.
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.
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)
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