The global Healthcare Asset Management Market Growth Accelerated by Increased Adoption of Asset Management Solutions

 

Healthcare asset management involves tracking the location, maintenance requirements, and value of high-cost equipment, medical devices, and other assets across healthcare organizations. Adopting healthcare asset management solutions help optimize utilization of costly medical equipment, enhance patient care quality, and reduce operational expenses. Asset management solutions enable real-time location tracking of devices, paperless maintenance management, and analytics for strategic decision making.

The global Healthcare Asset Management Market is estimated to be valued at US$ 44.16 billion in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth of the healthcare asset management market is the increased adoption of IoT and sensor-based tracking technologies. IoT-connected medical devices and equipment can be continuously monitored to gather vital statistics like utilization rates, downtimes, repairs and maintenance needs. This real-time device visibility helps optimize resource allocation and workflow management. Also, predictive analytics based on IoT data helps take prompt corrective actions to avoid device failure and unplanned downtimes. Growing focus on improving patient outcomes cost-effectively is further encouraging healthcare providers to leverage IoT-driven asset management solutions.


Segment Analysis
In the healthcare asset management market, the software segment is expected to dominate the market during the forecast period. This is mainly because software tools help in improving workflows related to asset lifecycle management, including tracking equipment location and maintenance schedules. With software, organizations can effectively monitor the performance of expensive medical equipment and ensure they are working properly to deliver quality patient care.

Key Takeaways
The global healthcare asset management market is expected to witness high growth. The global Healthcare Asset Management Market is estimated to be valued at US$ 44.16 billion in 2023 and is expected to exhibit a CAGR of 15% over the forecast period 2023 to 2030.

Regional analysis related content comprises the North American region is expected to dominate the healthcare asset management market during the forecast period. This is due to advanced healthcare infrastructure and growingneed to track medical assets across various healthcare organizations in the region.

Key players related content comprises Key players operating in the healthcare asset management market are CenTrak, AiRISTA Flow, Elpas, GE Healthcare, ThingMagic, Sonitor Technologies, Stanley Healthcare, Versus Technology, Zebra Technologies and IBM Corporation. Key players focus on the approval and commercialization of their drugs and expanding their geographic presence through collaborations and acquisitions.

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