Healthcare Asset Management Market Size, Share, Growth Analysis, By Product(Radiofrequency Identification (RFID) Devices [Hardware (Tags {Passive Tags “High-Frequency (HF) Tags, Ultra-High-Frequency (UHF) Tags, Low-Frequency (LF) Tags “, Active Tags}), By Application(Hospital Asset Management [Equipment Tracking and Management, Patient Management, Temperature and Humidity Monitoring, Staff Management), By Region - Industry Forecast 2024-2031

Global Healthcare Asset Management Market size was valued at USD 34.8 billion in 2022 and is poised to grow from USD 43.57 billion in 2023 to USD 263.04 billion by 2031, growing at a CAGR of 25.20% during the forecast period (2024-2031).

An asset management solution for the healthcare industry typically includes a wide range of services, including ward management, facility management, intensive care, post-operation care, and many more. An essential component of well-organized hospital asset management is the best possible use of physical resources to raise the standard of patient care. The market expansion has been aided by the increased focus on better managing the current assets and personnel that has prompted numerous medical facilities around the world to embrace efficient asset management technologies and solutions.

Healthcare asset managers can monitor, manage, regulate, and account for all transactions according to healthcare asset management. The market is anticipated to be driven by issues with drug counterfeiting, patient safety, and technological improvements. The pharmaceutical industry is increasingly using asset management in healthcare due to advantages including increased worker productivity. Accordingly, it is anticipated that lowering the cost of hardware and software solutions also will contribute to a certain degree to market growth. Healthcare asset management market growth is anticipated to be constrained by operational, technical, and privacy problems. The market is also expected to suffer from heavy capital investment.

US Healthcare Asset Management Market is poised to grow at a sustainable CAGR for the next forecast year.