Growth: Healthcare Asset Management Market Size & Share to Surpass $ 83.2 Billion by 2028 | Vantage Market Research

WASHINGTON, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research analyses that the Healthcare Asset Management Market is growing with a CAGR of 24.1% in the forecast period of 2022 to 2028 and is expected to reach $ 83.2 Billion by 2028 from $ 22.8 Billion in 2021.

Vantage Market Research completed a qualitative study titled Healthcare Asset Management Market with 122+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. This healthcare asset management market research report is a comprehensive synopsis of the study of the healthcare asset management industry and its influence on the market environment. The report highlights current and future market trends and carries out an analysis of the effect of buyers, substitutes, new entrants, competitors, and suppliers on the market. healthcare asset management market report endows with data and statistics on the current state of the industry which directs companies and investors interested in this market. Furthermore, the report also displays data on key players, major collaborations, mergers & acquisitions along with trending innovation and business policies.

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Market Overview:

Increasing Demand Healthcare Asset Management Solution in Pharmaceutical Industry is Expected to Drive the Market.   

Organizations that supply medications to drug stores and healthcare centers around the country and abroad as well are under a great deal of strain to stay consistent with Food and Drug Administration (FDA) guidelines. These organisations have higher responsibility of patient care as their paramount goal. It is therefore absolutely critical for pharmaceutical firms and medication makers to stay ahead and accurate in all business practices, and that includes asset management. For Instance, the current pandemic proliferation, everyone is taking the utmost precaution to avoid this deadly virus. People are using sanitizers, masks, etc. to stop themselves from contracting or spreading the contagion. Pharmaceutical companies and hospitals are the most in focus these days as the prime production and healthcare centers. Due to these factors, there is a huge demand of Healthcare Asset Management Solution in Pharmaceutical Industry.

List of Prominent Players in the Healthcare Asset Management Market:

  • Aeroscout Industrial
  • Ekahau
  • Awarepoint Corporation
  • Elpas Ltd.
  • Radianse
  • Versus Technology, Inc.
  • Vizbee RFID Solutions
  • Zebra Technologies Corp.
  • Thingmagic
  • Sonitor Technologies.
  • IBM
  • Siemens
  • General Electric Company

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Global Healthcare Asset Management Market Segmentation:

Vantage Market Research Has Studied the Global Healthcare Asset Management Market with Detailed Segmentation on the Basis of Product, Application, and Key Regions.

By Product

  • Radio Frequency Identification (RFID) Devices, Real-Time Location Systems (RTLS)

By Application

  • Hospital Asset Management, Pharmaceutical Asset Management

By Region

  • North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Recent Development:

  • Apr-2022 - GE Healthcare and Medtronic announced a collaboration focused on the unique needs and demand for care at Ambulatory Surgery Centers (ASCs) and Office Based Labs (OBLs). The partnership of GE Healthcare with Medtronic is one aspect of its efforts to strengthen efficiency, workflow, and clinical outcomes for ASCs and OBLs who work with GE Healthcare.
  • Mar-2022 - Sodexo partnered with University Hospitals to provide complete primary care and community-based services. Sodexo intended to offer various services through this agreement, including patient diet and retail food, resource and construction management, and technical control over healthcare.

Regional Analysis:

Increasing Growth of Healthcare Asset Management Market in North America

North America is expected to dominate the global Healthcare Asset Management Market in 2021 and is likely to continue the same trend during the forecast period. This region is dominated due to the growing concerns towards patient safety, acceptance of Healthcare Asset Management software in the medical as well as pharmaceutical industries. Major key players in countries such as U.S. and Canada are investing huge funds for Healthcare Asset Management software. Due to these factors this region is expected to flourish in coming years.

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Porter’s Five Forces Analysis for the Global Healthcare Asset Management Market:

  • Bargaining Power of Suppliers: The product suppliers of healthcare asset management market are high in number and are larger and more globalized. So, there will be less threat from the suppliers. Thus, the bargaining power of suppliers is low.   
  • Bargaining Power of Buyers: Buyers demand different types of healthcare asset management kits that are accurate and cost effective. This has increased the pressure on the healthcare asset management providers to offer the best healthcare asset management market. This gives the buyers the option to freely choose healthcare asset management products that best fit their preference. Thus, the bargaining power of the buyers is high.
  • Threat of New Entrants: Companies entering the healthcare asset management market are adopting various innovations such as developing healthcare asset management that are available for home testing. Thus, the threat of the new entrants is moderate.  
  • Threat of Substitutes: There are various substitutes available for healthcare asset management such as different types of genetic testing. Thus, the threat of substitutes is high.
  • Competitive Rivalry in the Market: The competitive rivalry among industry leaders is rather intense, especially between the global players including Eurofins Scientific and Invitae Corporation. These companies are launching their value-added services in the international market and strengthening the footprint worldwide. Therefore, competitive rivalry in the market is high.

Scope of the Report:

Report AttributesDetails
Market Size in 2021USD 22.8 Billion
Revenue Forecast by 2028USD 83.2 Billion
CAGR24.1% from 2022 to 2028
Base Year2021
Forecast Year2022 to 2028
Key PlayersAiRISTA Flow, Elpas, CenTrak Inc., ThingMagic - A Novanta Company, Sonitor, Stanley Healthcare, Versus Technology Inc., Zebra Technologies, GE Healthcare, IBM Corporation

Browse market data Tables and Figures spread through 143 Pages and in-depth TOC on Healthcare Asset Management Market Forecast Report (2022-2028).                    

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