DUBLIN, April 10, 2014 /PRNewswire/ --
Dublin - Research and Markets (http://www.researchandmarkets.com/research/gl7ffx/hospital_asset) has announced the addition of the "Hospital Asset Management Market - Pharmaceutical - Global Forecast to 2017" report to their offering.
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The global 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 hospital asset management 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 wasimplemented 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 years. In 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.
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Market Overview
4 Hospital Asset Management Market, By Products
5 Hospital Asset Management Applications Market
6 Geographic Analysis
7 Competitive Landscape
8 Company Profiles
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/gl7ffx/hospital_asset
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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