HOME Top Market Reports Hospital Asset Management Market - Pharmaceutical [Wi-Fi RTLS, RFID (Tags – Active & Passive, Software), IR, Ultrasound, Equipment & Patient Tracking, Staff Safety, Temperature & Humidity Monitoring, Drug Counterfeit] - Global Forecast to 2017

Hospital Asset Management Market - Pharmaceutical [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.com
Publishing Date: September 2013
Report Code: HIT 2061

 

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The global hospital asset management market was valued at $2.6 billion in 2012 and is poised to reach $6.7 billion by 2017 at a CAGR of 20.9%.

The global hospital asset management market is estimated based on the healthcare and pharmaceutical segments. Based on the technology, the market is segmented into RFID, RTLS, and ultrasound and infrared tags. The strong impact of this technology on cost savings in hospitals and pharmaceutical industries, enhanced workflow management, patient and staff safety, are the major factors driving the market growth. Whereas, technical issues, operational challenges, privacy, data security, integrity issues, implementation costs and budgetary constraints are the major factors hindering the market growth. 

According to the FDA and the World Health Organization the drug counterfeiting cases are increasing at an alarming pace. It is estimated that around 10% of the drugs around the world were counterfeited in 2011 and this figure is expected to be higher in the developing and underdeveloped countries, due to a lack of preliminary measures. The drug counterfeiting provides a major opportunity for the asset management market growth, thus the global market is expected to grow at the highest CAGR of 25.6% from 2012 to 2017.

The global market is less competitive, with the top four players accounting for a share of around 80%, while the remainder is contributed by other multinational companies. Major players in this market include AeroScout, Inc. (U.S.), Ekahau, Inc. (U.S.), GE Healthcare (U.K.) and Awarepoint Corporation (U.S.). Among the tags market, the high frequency tags contribute the highest to the healthcare passive tags market, whileultrasound tags market is expected to grow at the highest CAGR of 32% during the study period.

Table Of Contents
 
1 Introduction  (Page No. - 23)
  1.1 Key Take-Aways
  1.2 Report Description
  1.3 Markets Covered
  1.4 Stakeholders
  1.5 Research Methodology
      1.5.1 Market Size
      1.5.2 Market Share
      1.5.3 Key Data Points From Secondary Sources
      1.5.4 Key Data Points From Primary Sources
      1.5.5 Assumptions

2 Executive Summary  (Page No. - 31)

3 Market Overview  (Page No. - 36)
  3.1 Introduction
  3.2 Market Segmentation
  3.3 Market Dynamics
  3.4 Drivers
      3.4.1 Increasing Concern For Patient Safety Boosting RFID-RTLS Applications Market
      3.4.2 Return On Investment And Cost Saving, An Impetus To Hospital Asset Management Market
      3.4.3 Decreasing Cost Of Harware And Software Will Result In An Increase In Acceptance Levels
      3.4.4 Technological Advancements Improve Accuracy, Thus The Adoption Rate
      3.4.5 Increasing Use In The Pharmaceutical Industry To Boost Growth: E-Pedigree Laws And Supply Chain
  3.5 Restraints
      3.5.1 Technical Issues And Operational Challenges Hinder The Acceptance Rate
      3.5.2 Privacy, Data Security And Integrity Issues Hinder The Growth
      3.5.3 Implementation Costs And Budgetary Constraints Inhibit The Adoption Rate
  3.6 Opportunities
      3.6.1 Upcoming Technologies And Trends
            3.6.1.1 Near Field Communication (NFG)
            3.6.1.2 Smart Active Labels (SAL)
            3.6.1.3 Zigbee
      3.6.2 RFID-RTLS Technology Deployed In Less Than 10% Of Existing Hospitals
      3.6.3 Emerging Countries Present Significant Opportunity For Growth
  3.7 Threat
      3.7.1 Threat In The Supply Chain Of The Pharmaceutical Industry
  3.8 Burning Issues
      3.8.1 Drug Counterfeiting In The Pharmaceutical Industry
      3.8.2 Privacy Concern In Hospitals And Healthcare Organizations
  3.9 Strategic Benchmarking
      3.9.1 Technology Integration And Product Enhancement
            3.9.1.1 Aeroscout Partners With Tableau Software And Rauland-Borg
            3.9.1.2 Ekahau Partners With Meraki For Cloud Networking
            3.9.1.3 Awarepoint Collaborates With Rauland-Borg
            3.9.1.4 GE Healthcare’s Agreement With Cisco For Unified Wireless Network Technology
            3.9.1.5 Infor Acquires TDCI
  3.10 Regulations
       3.10.1 Federal Communications Commission (FCC)
       3.10.2 Prescription Drug Marketing Act (PDMA) And E-Pedigree Law
       3.10.3 World Health Organization (Who) And Impact (International Medical Products Anti-Counterfeiting Taskforce)
       3.10.4 FDA And Counterfeit Drug Task Force
       3.10.5 European Federation Of Pharmaceutical Industry And Associations (EFPIA)
       3.10.6 Data Privacy And HIPAA For Hospitals
       3.10.7 Health Industry Business Communications Council (HIBCC)
  3.11 Market Share Analysis

4 Hospital Asset Management Market, By Products  (Page No. - 56)
  4.1 Introduction
      4.1.1 Ultrasound Tags To Surpass Infrared Tags Market By 2017
  4.2 RFID Components In Healthcare
      4.2.1 Introduction
      4.2.2 Hardware
            4.2.2.1 Tags
                    4.2.2.1.1 High Frequency Tags Contribute The Highest To The Healthcare Passive Tags Market
                    4.2.2.1.2 Active RFID Tags
                    4.2.2.1.3 Passive RFID Tags
                              4.2.2.1.3.1 Low Frequency
                              4.2.2.1.3.2 High Frequency
                              4.2.2.1.3.3 Ultra High Frequency
            4.2.2.2 Readers/Interrogators
            4.2.2.3 Antenna
      4.2.3 Software
  4.3 RFID Components In Pharmaceuticals
      4.3.1 Hardware
            4.3.1.1 Tags
                    4.3.1.1.1 Ultra High Frequency Tags Contribute The Highest To The Pharmaceutical Passive Tags Market
                    4.3.1.1.2 Active RFID Tags
                    4.3.1.1.3 Passive RFID Tags
                              4.3.1.1.3.1 Low Frequency
                              4.3.1.1.3.2 High Frequency
                              4.3.1.1.3.3 Ultra High Frequency
            4.3.1.2 Readers/Interrogators
            4.3.1.3 Antenna
      4.3.2 Software
  4.4 Wi-Fi Based Real Time Location Systems (RTLS)
      4.4.1 Hardware
            4.4.1.1 Wi-Fi Active Tags
      4.4.2 Software
  4.5 Infrared And Ultrasound Tags
      4.5.1 Infrared Tags
      4.5.2 Ultrasound Tags

5 Hospital Asset Management Applications Market  (Page No. - 112)
  5.1 Introduction
      5.1.1 Healthcare
            5.1.1.1 Staff Management Market To Grow The Fastest In Healthcare Applications
            5.1.1.2 Equipment Management
            5.1.1.3 Patient Tracking/Management
            5.1.1.4 Staff Management
            5.1.1.5 Temperature And Humidity Monitoring
      5.1.2 Pharmaceuticals
            5.1.2.1 E-Pedigree Gaining Attention In The  Pharmaceutical Sector
                    5.1.2.1.1 Drug Counterfeit To Drive The Pharmaceutical Asset Management Market
            5.1.2.2 Drug Counterfeiting
            5.1.2.3 Supply Chain

6 Geographic Analysis  (Page No. - 125)
  6.1 Introduction
  6.2 North America
      6.2.1 North America Is The Largest Market
  6.3 Europe
      6.3.1 No Stringent Policies In Europe To Regulate RFID Technology
  6.4 Asia
      6.4.1 Asia Will Be The Fastest Growing Market
  6.5 Row

7 Competitive Landscape  (Page No. - 179)
  7.1 Introduction
      7.1.1 Agreements & Partnerships, Key Strategies In Asset Management
  7.2 Mergers And Acquisitions
  7.3 Agreements, Partnerships, Collaborations And Joint Ventures
  7.4 New Product Launch
  7.5 Expansion

8 Company Profiles (Overview, Financials, Products And Services, Strategy & Development)*  (Page No. - 210)
  8.1 Aeroscout, Inc
  8.2 Awarepoint Corporation
  8.3 Ekahau
  8.4 Elpas (Visonic Technologies Ltd.) - A Tyco International Company
  8.5 GE Healthcare
  8.6 IBM Corporation
  8.7 Infor, Inc.
  8.8 Motorola Solutions, Inc.
  8.9 Radianse
  8.10 Siemens Healthcare
  8.11 Sonitor Technologies
  8.12 Thingmagic (Trimble Navigation Ltd.)
  8.13 Versus Technology, Inc.
  8.14 Vizbee RFID Systems Ltd.
  8.15 Zebra Technologies Corporation

*Details On Overview, Financials, Products And Services, Strategy & Development Might Not Be Captured In Case Of Unlisted Companies.

Appendix  (Page No. - 278)
 
 
List Of Tables  (133 Tables)
 
Table 1 Global Hospital Asset Management Market, By Geography, 2010 - 2017 ($Million)
Table 2 Global Market, By Industry, 2010 - 2017 ($Million)
Table 3 Global Market By Products, 2010 - 2017 ($Million)
Table 4 Healthcare Asset Market,By Geography, 2010 - 2017 ($Million)
Table 5 Global RFID In Hospital Asset Management Market Revenue, By Products,2010 – 2017 ($Million)
Table 6 RFID In Healthcare Market Revenue, By Geography,2010 - 2017 ($Million)
Table 7 Global RFID Hardware In Healthcare Market Revenue,By Products, 2010 – 2017 ($Million)
Table 8 RFID Hardware Healthcare Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 9 Global RFID Tags In Healthcare Market Revenue, By Products, 2010 – 2017 ($Million)
Table 10 Global RFID Tags In Hospital Asset Management Market Volume, By Products, 2010 – 2017 (Million Units)
Table 11 RFID Tags In Healthcare Market Revenue, By Geography,2010 - 2017 ($Million)
Table 12 RFID Tags In Hospital Asset Management Market Volume, By Geography,2010 - 2017 (Million Units)
Table 13 RFID Active Tags In Hospital Asset Management Market Revenue,By Geography, 2010 - 2017 ($Million)
Table 14 Global RFID Passive Tags In Hospital Asset Management Market Revenue,By Products, 2010 – 2017 ($Million) Table 15 RFID Passive Tags In Hospital Asset Management Market revenue,By Geography, 2010 - 2017 ($Million)
Table 16 RFID Low Frequency Passive Tags In Hospital Asset Management Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 17 RFID High Frequency Passive Tags In Hospital Asset Management Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 18 RFID Ultra High Frequency Passive Tags In Hospital Asset Management Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 19 RFID Readers/Interrogators In Hospital Asset Management Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 20 RFID Antennas In Hospital Asset Management Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 21 RFID Software In Hospital Asset Management Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 22 Global RFID In Pharmaceuticals Asset Management Market Revenue,By Products, 2010 – 2017 ($Million)
Table 23 RFID In Pharmaceuticals Market Revenue, By Geography,2010 - 2017 ($Million)
Table 24 Global RFID Hardware In Pharmaceuticals Asset Management Market Revenue,By Products, 2010 – 2017 ($Million)
Table 25 RFID Hardware Market Revenue,By Geography, 2010 - 2017 ($Million)
Table 26 Global RFID Tags In Pharmaceuticals Asset Management Market Revenue,By Products, 2010 – 2017 ($Million)
Table 27 Global RFID Tags Market Volume,By Products, 2010 – 2017 (Million Units)
Table 28 RFID Tags In Pharmaceuticals Asset Management Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 29 RFID Tags Market Volume, By Geography, 2010 - 2017 (Million Units)
Table 30 RFID Active Tags Market Revenue,By Geography, 2010 - 2017 ($Million)
Table 31 Global RFID Passive Tags Market Revenue, By Products, 2010 – 2017 ($Million)
Table 32 RFID Passive Tags Market Revenue,By Geography, 2010 - 2017 ($Million)
Table 33 RFID Low Frequency Passive Tags Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 34 RFID High Frequency Passive Tags Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 35 RFID Ultra High Frequency Passive Tags Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 36 RFID Readers/Interrogators Market Revenue, By Geography, 2010 - 2017 ($Million)
Table 37 RFID Antenna In Pharmaceuticals Asset Management Market Revenue,By Geography, 2010 - 2017 ($Million)
Table 38 RFID Software In Pharmaceuticals Asset Management Market Revenue,By Geography, 2010 - 2017 ($Million)
Table 39 Global Wi-Fi RTLS Market Revenue, By Products,2010 – 2017 ($Million)
Table 40 Wi-Fi RTLS Market Revenue, By Geography,2010 - 2017 ($Million)
Table 41 RTLS Technology Evaluation
Table 42 Wi-Fi RTLS Active Tags Market Revenue, By Geography,2010 - 2017 ($Million)
Table 43 Wi-Fi RTLS Software Market Revenue, By Geography,2010 - 2017 ($Million)
Table 44 Global Infrared And Ultrasound Tags Market Revenue,By Products, 2010 – 2017 ($Million)
Table 45 Global Infrared And Ultrasound Tags Market Volume,By Products, 2010 – 2017 (Million Units)
Table 46 Infrared Tags Market Revenue, By Geography,2010 - 2017 ($Million)
Table 47 Infrared Tags Market Volume, By Geography,2010 - 2017 (Million Units)
Table 48 Ultrasound Tags Market Revenue, By Geography,2010 - 2017 ($Million)
Table 49 Ultrasound Tags Market Volume, By Geography,2010 - 2017 (Million Units)
Table 50 Global Healthcare Asset Management Market,By Application, 2010 - 2017 ($Million)
Table 51 Equipment Management Application Market,By Geography, 2010 - 2017 ($Million)
Table 52 Patient Management Application Market, By Geography,2010 - 2017 ($Million)
Table 53 Staff Management Application Market, By Geography,2010 - 2017 ($Million)
Table 54 Temperature And Humidity Monitoring Application Market,By Geography, 2010 - 2017 ($Million)
Table 55 Global Pharmaceutical Asset Management Market,By Application, 2010 - 2017 ($Million)
Table 56 Pharmaceutical Drug Counterfeiting Market, By Geography, 2010 - 2017 ($Million)
Table 57 Pharmaceutical Supply Chain Market, By Geography,2010 - 2017 ($Million)
Table 58 Global Healthcare And Pharmaceutical Asset Management Market Revenue, By Products, 2010 - 2017 ($Million)
Table 59 North America: Hospital And Pharmaceutical Asset Management Market Revenue, By Products,2010 - 2017 ($Million)
Table 60 North America: Hospital Asset Management Market Revenue, By Application, 2010 - 2017 ($Million)
Table 61 North America: RFID In Healthcare Market Revenue,By Products, 2010 - 2017 ($Million)
Table 62 North America: RFID Hardware In Healthcare Market Revenue, By Products, 2010 - 2017 ($Million)
Table 63 North America: RFID Tags In Hospital Asset Management Market Revenue,By Products, 2010 - 2017 ($Million)
Table 64 North America: RFID Tags In Healthcare Market Volume,By Products, 2010 - 2017 (Million Units)
Table 65 North America: RFID Passive Tags In Healthcare Market Revenue, By Products, 2010 - 2017 ($Million)
Table 66 North America: RFID In Pharmaceutical Asset Management Market Revenue, By Application, 2010 - 2017 ($Million)
Table 67 North America: RFID In Pharmaceutical Market Revenue,By Products, 2010 - 2017 ($Million)
Table 68 North America: RFID Hardware In Pharmaceutical Market Revenue, By Products, 2010 - 2017 ($Million)
Table 69 North America: RFID Tags In Pharmaceutical Market Revenue, By Products, 2010 - 2017 ($Million)
Table 70 North America: RFID Tags In Pharmaceutical Market Volume, By Products, 2010 - 2017 (Million Units)
Table 71 North America: RFID Passive Tags In Pharmaceutical Market Revenue, By Products, 2010 - 2017 ($Million)
Table 72 North America: Wi-Fi RTLS Market Revenue, By Products,2010 – 2017 ($Million)
Table 73 North America: Infrared And Ultrasound Tags Market Revenue, By Products, 2010 – 2017 ($Million)
Table 74 North America: Infrared And Ultrasound Tags Market Volume, By Products, 2010 – 2017 (Million Units)
Table 75 Europe: Healthcare And Pharmaceutical Asset Management Market Revenue, By Products, 2010 - 2017 ($Million)
Table 76 Europe: Hospital Asset Management Market Revenue,By Application, 2010 - 2017 ($Million)
Table 77 Europe: RFID In Healthcare Market Revenue, By Products, 2010 - 2017 ($Million)
Table 78 Europe: RFID Hardware In Healthcare Market Revenue,By Products, 2010 - 2017 ($Million)
Table 79 Europe: RFID Tags In Healthcare Market Revenue,By Products, 2010 - 2017 ($Million)
Table 80 Europe: RFID Tags In Hospital Asset Management Market Volume, By Products, 2010 - 2017 (Million Units)
Table 81 Europe: RFID Passive Tags In Healthcare Market Revenue,By Products, 2010 - 2017 ($Million)
Table 82 Europe: RFID In Pharmaceutical Asset Management Market Revenue, By Application, 2010 - 2017 ($Million)
Table 83 Europe: RFID In Pharmaceutical Market Revenue, By Products, 2010 - 2017 ($Million)
Table 84 Europe: RFID Hardware In Pharmaceutical Market Revenue,By Products, 2010 - 2017 ($Million)
Table 85 Europe: RFID Tags In Pharmaceutical Market Revenue,By Products, 2010 - 2017 ($Million)
Table 86 Europe: RFID Tags In Pharmaceutical Market Volume,By Products, 2010 - 2017 (Million Units)
Table 87 Europe: RFID Passive Tags In Pharmaceutical Market Revenue, By Products, 2010 - 2017 ($Million)
Table 88 Europe: Wi-Fi RTLS Market Revenue, By Products,2010 – 2017 ($Million)
Table 89 Europe: Infrared And Ultrasound Tags Market Revenue,By Products, 2010 – 2017 ($Million)
Table 90 Europe: Infrared And Ultrasound Tags Market Volume,By Products, 2010 – 2017 (Million Units)
Table 91 Asia: Pharmaceutical  And Healthcare Asset Management Market Revenue, By Products, 2010 - 2017 ($Million)
Table 92 Asia: Hospital Asset Management Market Revenue,By Application, 2010 - 2017 ($Million)
Table 93 Asia: RFID In Healthcare Market Revenue, By Products,2010 - 2017 ($Million)
Table 94 Asia: RFID Hardware In Hospital Asset Management Market Revenue,By Products, 2010 - 2017 ($Million)
Table 95 Asia: RFID Tags In Healthcare Market Revenue, By Products, 2010 - 2017 ($Million)
Table 96 Asia: RFID Tags In Healthcare Market Volume, By Products, 2010 - 2017 (Million Units)
Table 97 Asia: RFID Passive Tags In Healthcare Market Revenue,By Products, 2010 - 2017 ($Million)
Table 98 Asia: RFID In Pharmaceutical Asset Management Market Revenue, By Application, 2010 - 2017 ($Million)
Table 99 Asia: RFID In Pharmaceutical Market Revenue, By Products, 2010 - 2017 ($Million)
Table 100 Asia: RFID Hardware In Pharmaceutical Market Revenue,By Products, 2010 - 2017 ($Million)
Table 101 Asia: RFID Tags In Pharmaceutical Market Revenue,By Products, 2010 - 2017 ($Million)
Table 102 Asia: RFID Tags In Pharmaceutical Market Volume,By Products, 2010 - 2017 (Million Units)
Table 103 Asia: RFID Passive Tags In Pharmaceutical Market Revenue,By Products, 2010 - 2017 ($Million)
Table 104 Asia: Wi-Fi RTLS Market Revenue, By Products,2010 – 2017 ($Million)
Table 105 Asia: Infrared And Ultrasound Tags Market Revenue,By Products, 2010 – 2017 ($Million)
Table 106 Asia: Infrared And Ultrasound Tags Market Volume,By Products, 2010 – 2017 (Million Units)
Table 107 Row: Pharmaceutical  And Healthcare Asset Management Market Revenue, By Products, 2010 - 2017 ($Million)
Table 108 Row: Hospital Asset Management Market Revenue,By Application, 2010 - 2017 ($Million)
Table 109 Row: RFID In Hospital Asset Management Market Revenue, By Products,2010 - 2017 ($Million)
Table 110 Row: RFID Hardware In Hospital Asset Management Market Revenue,By Products, 2010 - 2017 ($Million)
Table 111 Row: RFID Tags In Hospital Asset Management Market Revenue, By Products, 2010 - 2017 ($Million)
Table 112 Row: RFID Tags In Healthcare Market Volume, By Products, 2010 - 2017 (Million Units)
Table 113 Row: RFID Passive Tags In Healthcare Market Revenue,By Products, 2010 - 2017 ($Million)
Table 114 Row: RFID In Pharmaceutical Market Revenue, By Application, 2010 - 2017 ($Million)
Table 115 Row: RFID In Pharmaceutical Market Revenue, By Products, 2010 - 2017 ($Million)
Table 116 Row: RFID Hardware In Pharmaceutical Market Revenue,By Products, 2010 - 2017 ($Million)
Table 117 Row: RFID Tags In Pharmaceutical Market Revenue,By Products, 2010 - 2017 ($Million)
Table 118 Row: RFID Tags In Pharmaceutical Market Volume,By Products, 2010 - 2017 (Million Units)
Table 119 Row: RFID Passive Tags In Pharmaceutical Market Revenue,By Products, 2010 - 2017 ($Million)
Table 120 Row: Wi-Fi RTLS Market Revenue, By Products,2010 – 2017 ($Million)
Table 121 Row: Infrared And Ultrasound Tags Market Revenue,By Products, 2010 – 2017 ($Million)
Table 122 Row: Infrared And Ultrasound Tags Market Volume,By Products, 2010 – 2017 (Million Units)
Table 123 Mergers And Acquisitions (2011 – 2013)
Table 124 Agreements, Partnerships, Collaborations, Contracts And Joint Ventures, 2011 – 2013
Table 125 New Product Launches (2011 – 2013)
Table 126 Expansion, 2011 – 2013
Table 127 Tyco International Ltd: Total Revenue, By Segment,2010 – 2012 ($Million)
Table 128 General Electric Company: Total Revenue, By Segment,2010 – 2012 ($Million)
Table 129 IBM Corporation: Total Revenue, By Segment,2010 – 2012 ($Million)
Table 130 Motorola Solutions, Inc.: Total Revenue, By Segment,2010 – 2012 ($Million)
Table 131 Siemens Ag: Total Revenue, By Segment, 2010 – 2012 ($Million)
Table 132 Trimble Navigation Limited: Total Revenue, By Segment,2010 – 2012 ($Million)
Table 133 Zebra Technologies Corporation: Total Revenue,By Product Category, 2010 – 2012 ($Million)
 
 
List Of Figures  (13 Figures)
 
Figure 1 Global Pharmaceuticals And Hospital Asset Mangement Market, Opportunity Matrix, 2012
Figure 2 Market Segmentation
Figure 3 Market Dynamics
Figure 4 Strategic Benchmarking: Technology Integration And Product Enhancement
Figure 5 Market Share Analysis, By Key Players, 2012
Figure 6 RFID Components In Pharmaceutical And Healthcare Asset Management Market, 2012 & 2017
Figure 7 Global RFID, Ultrasound And Infrared Tags Market Revenue, 2010 – 2017 ($Million)
Figure 8 Market Share: Passive RFID Tags In Healthcare
Figure 9 Market Share: Passive RFID Tags In Pharmaceuticals
Figure 10 Drug Counterfeiting Cases (U.S.)
Figure 11 Key Growth Strategies Of Healthcare Asset Management Market, 2011 – 2013
Figure 12 Key Players Focusing On Agreements, Partnerships, Collaborations And Joint Ventures Strategy, 2011– 2013
Figure 13 Key Players Focusing On New Product Launch, 2011 – 2013

The global hospital asset management is categorized on the basis of verticals such as healthcare and pharmaceuticals. Hospital asset management is further segmented based on products such as RFID, RTLS and ultrasound and infrared tags. Pharmaceutical asset management is further segmented into RFID products. The various application areas of the market are equipment management, patient management, staff management and temperature & humidity control. Asset management in pharmaceutical vertical offers application such as drug counterfeiting and supply chain. The market is major driven by the factors such as increasing concern for patient safety, return on investment and cost savings by investors, decreasing cost of hardware and software, technological advancements and increasing use in pharmaceutical industry.

RFID in healthcare is the leading segment in the global market in 2012. RFID is proved to have a strong growth potential due to the increased applications in healthcare led by technological advancements; for instance, till 2004, RFID was mainly used in error prevention of drugs, locating patients and assets. Between 2005 and 2010 this technology was implemented for additional benefits such as theft prevention, cost control, drug trial compliance and drug anti-counterfeiting. In the recent years, the technology has penetrated into several healthcare applications such as locating staff and visitor alarm, speedy and accurate location of assets, and tracking and tracing of consumable medicines.

RTLS in healthcare is growing at the highest CAGR in the next five yearsIn the recent years, both, the declining cost of hardware, along with rising applications in healthcare industry are boosting the adoption of RTLS. The role of active RFID (radio frequency identification) is prominent and is growing at a fast pace in healthcare sector.

RFID tags both in healthcare and pharmaceuticals will prove to play a prominent role with a double digit growth rate from 2012 to 2017. Passive RFID tags in healthcare and pharmaceuticals gained the largest share of around 90%. Though the passive RFID tags market is the leading one, active tags market is expected to grow at a faster pace. The active tags market is predominantly driven due to rising applications and demand for efficient workflow.

Though the asset management market in pharmaceutical industry is in its infant stage, it proves to be promising due to the rising incidence of drug counterfeiting and rising concerns of supply chain issues. Many investors across the world are implementing the RFID technology as organizations such as FDA and WHO suggested the use of RFID in enhancing the quality of supply chain in order to eliminate the fake drugs.

North America is the dominant market in 2012 with about 44% of theshare. The leading market share is due to the favorable economic conditions, large number of U.S. based RFID and RTLS technology providers and ease of access to this region. Major players in the market are AeroScout, Inc. (U.S.),Ekahau, Inc. (U.S.)., GE Healthcare (U.K.), Awarepoint Corporation (U.S.), IBM Corporation, (U.S.) and Siemens Healthcare (Germany).

HOSPITAL ASSET MANAGEMENT: MARKET SHARE ANALYSIS, BY KEY PLAYERS (2012)

Healthcare And Pharmaceuticals Asset Management Market

Source: MarketsandMarkets Analysis

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