Analysis of the Hospital Asset Management Market, Forecast to 2023

Analysis of the Hospital Asset Management Market, Forecast to 2023

Integration and Interoperability would Drive New Opportunities

RELEASE DATE
27-Nov-2019
REGION
North America
Research Code: K2A6-01-00-00-00
SKU: HC03229-GL-MR_23675

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Description

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

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

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)

Related Research
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.--BEGIN PROMO--

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

More Information
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