DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/gjtn3g/healthcare_asset) has announced the addition of the "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 Forecasts to 2020 " report to their offering.
The global healthcare asset management market is projected to reach USD 29,602 Million by 2020 from an estimated USD 6,700 Million in 2015, at a CAGR of 34.6% during the forecast period.
Major factors driving the growth of this market include strong 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. On the other hand, the restraining factors of the market include technical and operational issues, privacy and ethical concerns, and initial investment requirements.
The global hospital asset management market segment commanded the largest share of 89.7% of the global healthcare asset management market in 2015, growing at a CAGR of more than 35.8% from 2015 to 2020. The global market is segmented on the basis of products, applications, and regions. Based on products, the market is further categorized into RFID components, RTLS, infrared, and ultrasound. The RFID segment includes active and passive tags, readers, and antennas as subcomponents.
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.
The pharmaceuticals market is segmented into anti-drug counterfeiting and supply chain management segments. RFID in hospitals dominated the market and is expected to grow at a robust pace in the forecast period from 2015 to 2020. Equipment management commanded the largest share of the healthcare asset management applications market in 2015 as healthcare providers can enhance their operations and productivity by improving efficiency especially in managing vast supplies of medical equipment. Staff management is expected to grow at the highest CAGR from 2015 to 2020 due to increased focus on enhanced productivity and quality of care.
The global healthcare asset management is geographically segmented into North America, Europe, Asia, and RoW. North America is expected to dominate the healthcare asset management market and is expected to grow at a CAGR of 35.0% from 2015 to 2020. The North American region comprises a major share due to the large number of U.S.-based RFID and RTLS technology providers and ease of access to this region. RoW, on the other hand, is projected to grow at the highest CAGR in the forecast period due to rising awareness and increase in investors in the region
The major players in the market are AeroScout, Inc. (U.S.), Ekahau, Inc. (U.S.), GE Healthcare (U.K.), Awarepoint Corporation (U.S.), IBM Corporation, (U.S.), and Siemens Healthcare (Germany). AeroScout, Inc. is expected to dominate the market with a close to one-third of the share in 2015.
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