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Healthcare Asset Management Market to Reach USD 84,483.03 Million by 2027; Adoption of Wireless Connectivity in Healthcare IT to Boost Market, states Fortune Business Insights™

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Pune, Aug. 27, 2020 (GLOBE NEWSWIRE) — Global healthcare asset management market size is predicted to reach USD 84,483.03 million by 2027, exhibiting a CAGR of 28.9% during the forecast period.The increasing technological advancement has led to high demand for asset management solutions in medical facilities, which, in turn, will accelerate the healthcare asset management market growth. Moreover, the introduction of wireless connectivity in asset management solutions will contribute positively to this growth during the forecast period, mentioned in a report, titled “Healthcare Asset Management Market Size, Share & Industry Analysis, By Product (Radiofrequency Identification (RFID), Real-time Location Systems (RTLS), Others), By Application (Staff Management, Equipment Tracking, Patient Tracking, Supply Chain Management), By End User (Hospitals, Laboratories, Others) and Regional Forecast, 2020-2027” the market size stood at USD 11,002.50 million in 2019.The report on the knee replacement market highlights:Reliable insights on the latest developmentsObtained data with grander analysisKey market drivers and trendsComprehensive analysis of market players
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Partnership between STANLEY Healthcare and Sonitor to Aid Market SalesSTANLEY Healthcare, a global leader in innovative solutions and technology for healthcare facilities announced that it has collaborated with Sonitor for the integration of Sonitor’s proprietary Sense High Definition Ultrasound indoor positioning technology into its AeroScout® Real-Time Location System (RTLS) platform.The partnership expansion between the companies can be a critical factor in accelerating the healthcare asset management market revenue during the forecast period owing to the implementation of cost-effective RTLS solutions with no complications and convenience. Furthermore, Vice President of Product Strategy & Business Development, STANLEY Healthcare, Gabi Daniely, said in a statement, “The key value delivered by RTLS solutions is the detailed information they generate on the interactions of patients, staff and assets as they move about the hospital.The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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Regional Analysis:Favorable Reimbursement Policies to Propel Market in North AmericaNorth America dominated the market in 2019 and is predicted to remain dominant during the forecast period owing to the rising digitalization in healthcare. The favorable reimbursement policies and government initiatives will encourage growth in North America.The increasing private and public funding for the adoption of healthcare asset management solutions will further enable growth in the region. For instance, in June 2019, the Office of the National Coordinator for Health Information Technology (ONC) released the Cooperative Agreement Notice of Funding Opportunity (NOFO).The objective of this program is to enable developments in the technical standards essential to attain interoperability among healthcare IT systems. Asia Pacific is expected to witness high demand during the forecast period owing to the developing healthcare infrastructure. The growing spending for the development of healthcare IT in emerging nations will healthcare asset management market trends
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The Lists of Main Companies in Healthcare Asset Management Market:IBM CorporationStanley HealthcareCenTrak, Inc.AiRISTA FlowVersus Technology, Inc.Zebra Technologies,GE HealthcareSonitorAeroScout Inc.Others
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Healthcare Asset Management Market Segmentations:By Product•              Radiofrequency Identification (RFID)•              Real-time location systems (RTLS)•              OthersBy   Application•              Staff Management•              Equipment Tracking•              Patient Tracking•              Supply Chain ManagementBy End User•              Hospitals•              Laboratories•              OthersBy Geography•              North America (U.S. and Canada)•              Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)•              Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)•              Latin America (Brazil, Mexico, and Rest of Latin America)•              The Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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