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Healthcare Asset Management Market Worth 29,602 Million USD by 2020CHICAGO, August 11, 2015 /PRNewswire/ -- According to a new market research report "Healthcare Asset Management Market by Product (RFID (Active, Passive), RTLS, Infrared, Ultrasound Tags), Application (Hospitals (Equipment, Staff Management, Patient Monitoring), Pharmaceuticals (Drug Counterfeiting, Supply Chain)) - Global Forecast to 2020", published by MarketsandMarkets, The Healthcare Asset Management Market is expected to reach around 29,602 Million USD by 2020, a CAGR of 34.6% from 2015 to 2020.
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Based on applications, the healthcare asset management market is segmented into hospitals and pharmaceuticals. The hospitals market is subsegmented into equipment management, staff management, patient management, and temperature and humidity monitoring. On the basis of application, the pharmaceuticals market is segmented into anti-drug counterfeiting and supply chain management. Healthcare asset management solutions offer various benefits to hospitals and help in improving patient care and satisfaction. These solutions help increase equipment availability; enhance equipment utilization; reduce operating and maintenance cost; lower time and cost for compliance reporting; and improve maintenance, support, and allocation. In the pharmaceuticals market, RFID technology is primarily used to tackle drug counterfeiting, address supply chain bottlenecks, and improve clinical trial data documentation. It is of utmost importance for pharmaceutical companies to ensure that the drugs that move across the supply chain are genuine and not adulterated or counterfeited. This is important to ensure the safety of patients. By tagging drugs with RFID tags, they can be monitored throughout the supply chain. This helps in detecting adulteration at any stage of the supply chain. Most manufacturers prefer high-frequency RFID instead of the lesser expensive ultra-high-frequency RFID due to the small size at which they can be manufactured. The demand for healthcare asset management products in the near future is set to rise due to increasing concerns for patient safety, decreasing cost of hardware and software, technological advancements, increasing use in the pharmaceutical industry, and increasing use in hospitals to enhance staff productivity. However, factors such as technical and operational challenges, initial investment requirements, and privacy and ethical concerns hinder the growth of the market. The Healthcare Asset Management Market is a fragmented market with many players operating in the industry. However, there are a few companies that have occupied a significant share of the market. The major players in the global healthcare asset management market include Aeroscout, Inc. (U.S.), Awarepoint Corporation (U.S.), Ekahau (U.S.), Elpas (Israel), Infor (U.S.), Motorola Solutions, Inc (U.S.), Radianse (U.S.), and Sonitor Technologies (Norway). Browse Related Reports: Healthcare Supply Chain Management Market by Product (Inventory Management, Strategic Sourcing, Warehouse Management, Order Management, Supplier Management, RFID & Barcode), Delivery Mode (On Premise, Cloud) & End User - Global Forecast to 2019 Healthcare Mobility Solutions Market by Products & Services (Mobile Devices, Mobile Apps, Enterprise Platforms), Application (Patient Care, Operations, Workforce Management), End User (Payers, Providers, Patients) - Global Forecast to 2020 About MarketsandMarkets MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: SOURCE MarketsandMarkets 
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