DALLAS--(BUSINESS WIRE)--The report "Hospital Asset Management Market [Wi-Fi RTLS, RFID (Tags - Active & Passive, Software), IR, Ultrasound, Equipment & Patient Tracking, Staff Safety, Temperature & Humidity Monitoring, Drug Counterfeit] - Global Forecast to 2017" by MarketsandMarkets, analyzes & studies the major market drivers, restraints, & opportunities in North America, Latin America, Europe, Asia, & Rest of the World.
“Hospital Asset Management Market [Wi-Fi RTLS, RFID (Tags - Active & Passive, Software), IR, Ultrasound, Equipment & Patient Tracking, Staff Safety, Temperature & Humidity Monitoring, Drug Counterfeit] - Global Forecast to 2017”
Browse 133 market data tables with 13 figures spread through 279 pages & in-depth TOC on “Hospital Asset Management Market”
The global asset management market is categorized into healthcare & pharmaceuticals products & applications. The healthcare market consists of products such as RFID, RTLS and ultrasound & infrared tags while, pharmaceuticals market consists of RFID technology. RFID in healthcare is the leading segment in global Hospital/Pharmaceutical Asset Management Market in 2012 due to increased applications in hospitals led by technological advancements. Wi-Fi based RTLS will be the fastest growing segment with close to 36% CAGR from 2012 to 2017. RFID tags healthcare & pharmaceuticals commanded the largest share of more than 58% of the global tags market in 2012, while ultrasound tags market is expected to grow at a CAGR of more than 17% from 2012 to 2017.
Increasing concern for patient safety, return on investment & cost savings by hospitals, decreasing cost of hardware & software, and technological advancements to improve the accuracy levels are the major drivers of the asset management market in hospitals. The technical issues, operational challenges, privacy data security & integrity issues and implementation costs & budgetary constraints are the major hurdles hampering the market growth.
North America is the dominant market for Hospital Asset Management Market with more than 44% of the global market share. Asia is expected to grow at the highest CAGR of 23.7% from 2012 to 2017 due to rising awareness and growing demand for enhanced supply chain & government efforts to standardize the RFID technology in countries such as China and India.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.