Healthcare Asset Management Market will generate new growth opportunities by 2024

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Global Healthcare Asset Management Market: Overview

Organization’s success depends on an effective management of the asset. It can be applicable to the healthcare organizations, where they deal with human life and one mistake can take someone’s life. Healthcare asset management is the study of how to manage someone’s health, as it is an important asset of the healthcare sector. Healthcare asset management comprises the medication, medical professionals, patient, and devices. It includes effective management of the patient, devices, and medical professionals, also appropriate actions or techniques are used to managing the assets.

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Global Healthcare Asset Management Market: Growth Factors

The emergence of the technological advancements and patient safety are the major driving factors of the global healthcare asset management market. However, reduced cost of software and hardware is also anticipated to boost global market growth in coming years. In addition, hospitals and pharmaceutical industry focusing on staff productivity may also fuel the global healthcare asset management market growth. However, the factors restricting the growth of the market are privacy and ethical concerns, initial capital investment, and technical issues.

Global Healthcare Asset Management Market: Segmentation

The global healthcare asset management market is bifurcated based on applications, products, and regions. Based on product, the global market is divided as infrared, RFID components, ultrasound, and RTLS. Of these, RFID product segment is the dominating segment in the global healthcare asset management market. It is further sub-segmented as antennas, readers, and active and passive tags. The application segment is fragmented as pharmaceuticals and hospitals. The hospital segment is further sub-segmented as staff management, temperature and humidity monitoring, equipment management, and patient management. The equipment management holds largest market share in the global healthcare asset management market. Healthcare sector can improve its productivity and operations by efficiently managing medical equipment. Moreover, the pharmaceuticals application segment is further sub-fragmented as supply chain management and anti-drug counterfeiting. The global healthcare asset management market is segregated based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

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Global Healthcare Asset Management Market: Regional Analysis

North America is the dominating region for global healthcare asset management market. Technological advancements in the U.S. owing to easy access to the RTLS and RFID technology providers may boost the market in the near future. Additionally, Latin America and Africa may show considerable growth in the coming years. This is due to growth in the investors and raising awareness among people.

Global Healthcare Asset Management Market: Competitive Players

Key players in the global healthcare asset management market are IBM Corporation, AeroScout, Inc., AeroScout, Inc., Ekahau, Inc., Awarepoint Corporation, Siemens Healthcare, and GE Healthcare.

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