The Business Research Company’s Hospital Asset Management Systems Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Hospital Asset Management Systems Global Market Report 2023 evaluates hospital asset management systems market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global hospital asset management systems market is expected to grow from $17.60 billion in 2022 to $21.85 billion in 2023 at a compound annual growth rate (CAGR) of 24.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hospital asset management systems market is expected to reach $41.38 billion in 2027 at a CAGR of 23.8%.
The rising number of hospitals is expected to propel the growth of the hospital asset management systems market going forward. Hospitals refer to an institution that is established, staffed, and equipped for illness diagnosis, medical and surgical treatment of the sick and injured, and accommodation throughout this procedure. The rising number of hospitals is driven by increased hospitalization, ICU stays, oxygen demand, and rising cases of chronic diseases. Implementing a hospital asset management system may be advantageous, given the rise of hospitals and their demands. Such a system aids hospitals in effectively managing their assets, ensuring that they are used, maintained, and tracked as necessary. For instance, in May 2023, according to the American Hospital Association, a US-based national organization, the number of hospitals in the US increased from 6,090 in 2021 to 6,129 in 2023. Further, the system’s total number of community hospitals rose from 3,453 in 2021 to 3,514 in 2023. Therefore, the rising number of hospitals is driving the growth of the hospital asset management system market.
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The hospital asset management systems market segments in the report are:
1) By Product Type: Radio-Frequency Identification (RFID), Real-Time Location Systems (RTLS), Ultrasound And Infrared Tags
2) By Application: Patient Management, Equipment Tracking And Management, Temperature And Humidity Control, Infection Control And Hygiene Compliance, Staff Management, Pharmaceutical Asset Management, Other Applications
3) By End-Use: Hospitals, Laboratories, Other End Users
The table of contents in TBRC’s hospital asset management systems market report includes:
- Executive Summary
- Hospital Asset Management Systems Market Characteristics
- Hospital Asset Management Systems Market Trends And Strategies
- Hospital Asset Management Systems Market – Macro Economic Scenario
- Hospital Asset Management Systems Market Segmentation.
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- Global Hospital Asset Management Systems Market Competitive Benchmarking
- Global Hospital Asset Management Systems Market Competitive Dashboard
- Key Mergers And Acquisitions In The Hospital Asset Management Systems Market
- Hospital Asset Management Systems Market Future Outlook and Potential Analysis
- Appendix
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