Hospital Asset Management Market is Estimated to Expand at a CAGR of 9.5% during the Forecast Period, TMR Report

The latest research study released by Transparency Market Research on “Hospital Asset Management Market Forecast to 2019 – 2027 ″ research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Hospital Asset Management  industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data.

Hospital Asset Management  market is estimated to attain a valuation of US$ 13,516.4 Mn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 9.5% during the forecast period, 2019 – 2027

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Reduction in Inventory while Improving Return on Investment: Key Drivers

• Efficient use of wide range of information technology-based hospital asset management solutions in various tasks such as equipment tracking, automating maintenance, observing instrument utilization rates enables smooth adoption of business analytics intelligence software in healthcare centers. This, in turn, provides substantial return on investment if compared to cost of installation of these systems.
• This enables healthcare centers such as hospitals to use financial resources in better way and gain significant returns
• According to the 2022 Hospital Vision Study conducted by ZIH Corp, nearly 55% of the hospitals mentioned reduction in patient care cost due to implementation of asset management solutions.

Latest Version of Sample Report Includes:

• Detailed industry forecast
• Brief Introduction to the research report.
• Additional information on company participants
• Customized reports and analyst assistance are available upon request.
• Recent market developments and potential future growth opportunities
• Personalized regional/country reports upon request
• New data sources are being integrated.
• Increased focus on data privacy and security
• Increased collaboration and co-creation

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Improved and Optimized Workflow, Productivity, and Safety by Using Hospital Asset Management Solutions to Boost Market Growth

• Use of automated workflows management & business analytics to improve workflow is increasing exponentially from last few years.
• These hospital asset management solutions offer various advantages such as reducing amount of paperwork admissions & discharges, nurse rounding and maintenance of capital equipment.
• In October 2017, Ascom announced the launch of Ascom Digistat Vitals app which enables hospitals to reduce double documentations and reduce scoring & associated errors. This application provides faster availability of vitals and clinical scores in electronic medical records.

Competitive Landscape:

Ascom, AWAREPOINT CORPORATION, CenTrak (Halma plc), Ekahau, GE Healthcare (General Electric Company), Honeywell International Inc.

Market Segmentation –

Product

• Real-time Location System (RTLS)
• Radio-frequency Identification (RFID)
• Ultrasound
• Infrared

Application

• Patient Management
• Staff Management
• Instrument Management
• Supply Chain Management

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Global Hospital Asset Management Market: Key Developments

• In March 2018, CenTrak announced the launch of IRUS, world’s first Hybrid Ultrasound-Gen2IR sensing technology for use in preoperative and post-anesthesia care units, infusion areas, and emergency departments
• In February 2018, STANLEY Healthcare and Sonitor Technologies announced their partnership to integrate the latter’s novel Sense High Definition Ultrasound indoor positioning technology into the former’s AeroScout Real-Time Location System (RTLS) platform
•  In February 2017, STANLEY Healthcare announced the launch of cloud-based subscription service for its MobileView Analytics platform for asset management and environmental monitoring applications
• In February 2017, Impinj, Inc. announced partnership and platform integration with STANLEY Healthcare (Stanley Black & Decker, Inc.). STANLEY Healthcare is expected to integrate the RAIN RFID Platform with its MobileView real-time location system (RTLS) software platform, and market the Impinj-STANLEY Healthcare solution as part of STANLEY Healthcare’s extensive portfolio.

This Report lets you identify the opportunities in Hospital Asset Management  Market by means of a region:

• North America (the United States, Canada, and Mexico)
• Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
• South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)

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