Wireless Healthcare Asset Management Market
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<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong>: Indepth<br />
market segmentation by 2026<br />
December 2016<br />
Report Id : REP-GB-2298<br />
Status : Ongoing<br />
Category : Electronics, Semiconductors, and ICT<br />
©2015 Future <strong>Market</strong> Insights, All Rights Reserved
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Research Methodology (1/2)<br />
Systematic Research Approach<br />
<strong>Market</strong> profiling<br />
Formulating discussion guide<br />
Developing list of respondents<br />
Data collection<br />
Data validation<br />
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3<br />
1<br />
2<br />
In-depth secondary research is used to<br />
ascertain overall market size, top<br />
industry players, top products, industry<br />
associations, etc.<br />
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A<br />
Primary<br />
Research<br />
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Company<br />
Analysis<br />
Research &<br />
Intelligence<br />
SOLUTION<br />
Actionable<br />
Insights<br />
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Desk<br />
Research<br />
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Business<br />
Solution<br />
Key industry experts<br />
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Developments<br />
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Products<br />
Conclusions<br />
Data analysis<br />
6<br />
Data is scrutinized using MS-Excel to<br />
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insights about the industry<br />
Primary Research #<br />
Secondary Research #<br />
Paid Publications#<br />
Insights<br />
7<br />
PMR delivers industry insights and<br />
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Company websites<br />
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GBI<br />
Genios<br />
Meltwater<br />
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<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong><br />
<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong> Overview<br />
We all own multiple gadgets like smartphones, tablet computers, desktops and laptops which have<br />
increased our dependence on wires to charge these electronic devices. Wouldn’t we all like a wire-free,<br />
tangle-free existence? The immense desire to go wireless has also begun to impact the medical<br />
profession in the form of the <strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong>. Medical institutions must<br />
constantly monitor their equipment, tools, patients or even the professionals working there. A great<br />
many of them have opted to go in for the wireless route for the comfort and convenience provided by it.<br />
Hospitals have to manage a number of costly systems, tools & equipment which requires a significant<br />
investment of time. Loss, theft or misplacement of any of these healthcare assets would be a massive<br />
financial loss to the organisation. The <strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong> provides a realtime<br />
solution for medical institutes to keep track of not only physical assets but also the patients &<br />
medical professionals. Going wireless provides flexibility, portability and scalability to the system. It<br />
ensures that assets & their various categories are easily searchable by indicating both room location &<br />
availability, sterilisation status, and also whether it is free or currently in use.<br />
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<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong> Drivers<br />
There are several factors responsible for the long-term growth of the wireless healthcare asset<br />
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<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong><br />
management market. One is improving wireless technology. Initially, there were concerns amongst<br />
medical professionals that wireless systems would interfere with hospital systems like telemetry which is<br />
crucial for measuring a patient’s vital signs. These problems have been largely taken care of by newer<br />
systems which use different wireless frequencies. Another driver is the reduced fears among the public &<br />
the industry as a whole about wireless technologies. Great research has been undertaken in this field<br />
which has made all radio frequencies used in wireless healthcare asset management equipment quite<br />
safe. Agencies like the FCC, FDA, EPA and OSHA have also certified the technologies reassuring patients. A<br />
third factor is the patient comfort & convenience. Medical institutions have begun to provide a number<br />
of added facilities & those hospitals which do not might lose their patients to those who do. It is not only<br />
patients but also medical staff who are becoming increasingly dependent on wireless technology. Doctors<br />
& nurses can use hands-free VoFi to stay in continuous contact with the other staff or the main nursing<br />
station. Nurses can enter information about their patients while moving around the hospital on a tablet<br />
computer. Doctors could even use their mobile phones to access the office servers or various medical<br />
applications. All of this is anticipated to drive the wireless healthcare asset management market globally.<br />
<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong> Restraints<br />
There are still some challenges which must be overcome in the wireless healthcare asset management<br />
market. A major one is a high cost involved in installing wireless management systems. While<br />
organisations want to provide all the services that they can to their patients, they may not have the<br />
required funding or government support to do so. <strong>Wireless</strong> systems are usually the first to be sacrificed in<br />
cost-cutting. Another issue is designating responsibility for such equipment. All too often, the<br />
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<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong><br />
departments that oversee wireless systems like IT or Biometrics are overloaded and are unable or<br />
unwilling to take on additional managerial responsibility. This is especially true when the equipment takes<br />
up a lot of space. Lastly, there is a lack of knowledge & expertise concerning such wireless healthcare<br />
asset management systems. Medical institutions face difficulty in hiring quality personnel able to<br />
understand & exploit this technology to the fullest. These problems must be dealt with for the long term<br />
prospects of the wireless healthcare asset management market.<br />
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<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong> Key Regions<br />
The U.S is both the largest wireless healthcare asset management market and its fastest growing because<br />
of a large number of American RFID and RTLS providers and strong healthcare in the country. Asia-Pacific<br />
will become a crucial future market because of rising awareness & greater public & private healthcare<br />
investments.<br />
<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong> Key <strong>Market</strong> Players<br />
Some companies competing in the wireless healthcare asset management market are AeroScout, Inc, GE<br />
<strong>Healthcare</strong>, Ekahau, Inc, IBM Corporation and Siemens <strong>Healthcare</strong>.<br />
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<strong>Wireless</strong> <strong>Healthcare</strong> <strong>Asset</strong> <strong>Management</strong> <strong>Market</strong><br />
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