As per this study, the Global Hospital Asset Tracking And Inventory Management Systems Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%.
Hospital asset tracking and inventory management systems help in minimizing healthcare cost by maximizing the use of inventory or available resource. These systems also help in reducing the total fixed cost by enhancing the use of available resources. It manages mobile, fixed and other inventory available in the hospital, which include wheelchairs, mobile beds, stretchers, imaging, surveillance camera, and others. Additionally, applications of hospital asset tracking and inventory management systems include hardware such as RFID, barcode scanners and computers and software such as IoT, analytics, and others.
The growing healthcare industry coupled with an increasing need for better asset management in hospitals is driving the market growth. Acceptance of these management systems in the pharmaceutical industry is again accelerating market growth. Additionally, the reduction in the cost of RFID tags is further fuelling market growth. On the other hand, lack of awareness and cybersecurity breach associated with asset tracking and inventory management system may hinder market growth. Whereas, technological advancements and penetration in emerging economies are expected to offer an opportunity during the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of hospital asset tracking and inventory management systems.
The broad hospital asset tracking and inventory management systems market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Other Inventory
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for hospital asset tracking and inventory management systems in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Hospital Asset Tracking And Inventory Management Systems Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the hospital asset tracking and inventory management systems market include ASCOM, CenTrak, GE Healthcare, Honeywell International, Inc., Midmark Corporation and ZIH Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.