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Integration and Interoperability would Drive New Opportunities
27-Nov-2019
North America
Market Research
K2A6-01-00-00-00
HC03229-GL-MR_23675
A critical aspect of efficiency in healthcare organizations is asset management. Hospitals have thousands of assets to track and maintain, and failure of which results in increased waste and downtime, restricted patient flow, decreased quality of care, poor employee productivity, and financial losses.
Hospitals are demanding more holistic solutions provided by a fewer vendor partners while maintaining the expertise afforded by dedicated companies. Budgetary constraints increased patient volume (especially senior patients), and a changing regulatory landscape with respect to patient data safety and use of technology in healthcare create a need for hospitals to optimize their asset use while achieving the best possible ROI. Market participants that are able to provide a robust solution, tailored to the needs of the hospital, can enjoy long-term benefits. Hospitals are reluctant to replace a system once in place; the costs are prohibitive. After initial implementation, new use cases are developed in response to specific hospital needs that are scalable to other end users after trial.
The main asset management technologies are real-time location systems, radio frequency identification, ultrasound, and infrared tags. Major areas of asset management application are in tracking and gathering data on equipment and inventory that are classified into 3 categories: capital equipment, reusable, and disposables.
In this study, we have analyzed the market revenue for the different segments including RFID, RTLS, and ultrasound/infrared tags. We have also looked at the application potential for each of these segments, thus making the analysis holistic.
The revenue forecast has been provided for the US, Germany, France, Italy, and Spain from 2018 to 2023.
We have seen major variations in adoption across countries, thus creating new opportunities for the market participants globally. As the market is fragmented, we are providing opportunities for market expansion for all entrants.
Key Issues Addressed
- Is the hospital asset management market growing, how long will it continue to grow and at what rate?
- Are the existing competitors structured correctly to meet customer needs?
- What is the current status and outlook for the US, the UK, France, Germany, Italy, and Spain? Where is the market growing?
- How will the structure of the market change with time? Is the market ripe for acquisitions?
- Are the products/services offered today meeting customer needs or is additional development needed?
- What is the outlook for the different technologies?
Author: Sowmya Rajagopalan
Key Findings
Scope and Segmentation
Methodology
Key Questions this Study will Answer
Market Engineering Measurements
CEO’s Perspective
Companies to Watch
Market Background
Hospital Asset Management Market Segmentation
US and European Market Perspective—Hospital Asset Management Across Geographies
New Market Opportunities—End-user Needs
New Market Opportunities
Future Outlook by Customer Segments
Market Drivers
Drivers Explained
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Market Engineering Measurements
Forecast Assumptions and Discussion—Total Hospital Asset Management Market
Forecast Assumptions and Definitions
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Country
Revenue Forecast by Country
Competitive Market Structure
Competitive Market Structure (continued)
Merger, Acquisition, and Partnership Assessment
Growth Opportunity—Integrated Solutions Through Synergistic Partnerships
Growth Opportunity—Financing Schemes to Reach Smaller Hospitals
Growth Opportunity—Integrating Solutions into New Clinic Construction
Strategic Imperatives
Market Engineering Measurements
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
RFID Solution Revenue by Asset Type
Top Competitors
SWOT Analysis
Market Engineering Measurements
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
RTLS Solution Revenue by Asset Type
Top Competitors
Top Competitors (continued)
SWOT Analysis
Market Engineering Measurements
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Revenue Forecast
Revenue Forecast Discussion
Revenue by Asset Type
Top Competitors
SWOT Analysis
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Adoption Trends—Penetration Analysis
Capital Equipment Revenue by Solution Type
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Adoption Trends—Penetration Analysis
Reusable Asset Revenue by Solution Type
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Adoption Trends—Penetration Analysis
Disposable Asset Revenue by Solution Type
Market Engineering Measurements
Market Drivers
Drivers Explained
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Adoption Trends—Penetration Analysis
Revenue Forecast
Revenue Forecast Discussion
Market Engineering Measurements
Market Drivers
Drivers Explained
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Adoption Trends—Penetration Analysis
Revenue Forecast
Revenue Forecast Discussion
Market Engineering Measurements
Market Drivers
Drivers Explained
Market Restraint
Restraint Explained
Adoption Trends—Penetration Analysis
Revenue Forecast
Revenue Forecast Discussion
Market Engineering Measurements
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Adoption Trends—Penetration Analysis
Revenue Forecast
Revenue Forecast Discussion
Market Engineering Measurements
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Adoption Trends—Penetration Analysis
Revenue Forecast
Revenue Forecast Discussion
Market Engineering Measurements
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained
Adoption Trends—Penetration Analysis
Revenue Forecast
Revenue Forecast Discussion
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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Key Issues Addressed
- Is the hospital asset management market growing, how long will it continue to grow and at what rate?
- Are the existing competitors structured correctly to meet customer needs?
- What is the current status and outlook for the US, the UK, France, Germany, Italy, and Spain? Where is the market growing?
- How will the structure of the market change with time? Is the market ripe for acquisitions?
- Are the products/services offered today meeting customer needs or is additional development needed?
- What is the outlook for the different technologies?
Author: Sowmya Rajagopalan
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Gary Burk |
| Industries | Healthcare |
| WIP Number | K2A6-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9600-B1,9A47-B1,9A48-B1,9A4B-B1 |