Wireless Healthcare Asset Management Market Scope
The use of wireless systems in healthcare applications have enhanced radically over the past few years. Healthcare institutions are increasingly adopting wireless technologies for enhanced asset management resulting in improved operational efficiency. Hospitals can avoid monetary damages pertaining to costly medical equipment loss or damage and even enhance operational workflow by tracking hospital staff or patients.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AiRISTA Flow (United States), Elpas (United States), CenTrak, Inc. (United States), ThingMagic [A Novanta Company] (United States), Sonitor (Norway), Stanley Healthcare (United States), Versus Technology, Inc. (United States) and Zebra Technologies (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Wireless Healthcare Asset Management market throughout the predicted period.
AiRISTA Flow (United States), Elpas (United States), CenTrak, Inc. (United States), ThingMagic [A Novanta Company] (United States), Sonitor (Norway), Stanley Healthcare (United States), Versus Technology, Inc. (United States) and Zebra Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are GE Healthcare (United States) and IBM Corporation (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Wireless Healthcare Asset Management market by Type , by Application (Hospital and Pharma) and Region with country level break-up.
On the basis of geography, the market of Wireless Healthcare Asset Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2016 Sparks, MD AiRISTA, an AiRISTA affiliate company and the world leader in true Wi-Fi enabled location services and workflow software solutions, announced today the acquisition of Ekahau RTLS (Reston, VA) and Ekahau RTLS International
In April 2020, Alcatel Lucent Enterprise (ALE), a leading provider of communication, network and cloud solutions, is proud to announce the launch of its Omni Access® Stellar Asset Tracking solution as part of its location services portfolio. Through cost-effective Bluetooth Low Energy (BLE) indoor location technology, people and items equipped with a small tag can be instantly tracked and quickly located on any mobile device.
Influencing Trend:
Technological Advancements
Market Growth Drivers:
Need for Better Asset Management in Hospitals, Acceptance of Asset Management Solutions in the Pharmaceutical Industry and Decline in Prices of RFID Tags
Challenges:
Issues Related to Data Security and Privacy
Restraints:
High Cost of RFID Readers
Opportunities:
IOT-Based Healthcare Asset Management (IOT-HAM), Expanding Application Areas of Healthcare Asset Management Solutions and Emerging Economies
Key Target Audience
Wireless Healthcare Asset Management Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others