Healthcare Asset Management Market Size & Outlook, 2025-2033

Healthcare Asset Management Market Size

The global healthcare asset management market size was valued at USD 37.73 billion in 2024 and is expected to grow from USD 43.13 billion in 2025 to reach USD 125.63 billion in 2033, growing at a CAGR of 14.3% during the forecast period (2025–2033).

Healthcare asset management (HAM) is revolutionizing the way medical facilities track, monitor, and optimize critical resources, including medical equipment, pharmaceuticals, and hospital infrastructure. By leveraging cutting-edge technologies such as RFID (Radio Frequency Identification), IoT, and AI-powered analytics, healthcare providers can ensure real-time asset tracking, predictive maintenance, and regulatory compliance. This approach enhances operational efficiency, reduces costs, and improves patient safety by minimizing equipment loss and downtime while optimizing resource allocation.

The market is witnessing rapid growth, driven by increasing demand for automation, real-time monitoring, and operational efficiency in hospitals and healthcare facilities. The adoption of AI-driven solutions, cloud-based platforms, and RTLS (Real-Time Location Systems) is reshaping hospital workflows, enabling seamless asset tracking, and enhancing overall patient care.

• In December 2023, Accenture and Google Cloud launched a global Generative AI Center of Excellence (CoE) to accelerate AI adoption across industries. This initiative strengthens AI-driven healthcare asset management by offering scalable solutions that optimize resource utilization, automate workflows, and enhance decision-making in hospitals and life sciences sectors.

Moreover, the rise of IoT-enabled asset management systems and blockchain-based data security solutions is further fueling automation and predictive maintenance while ensuring compliance with regulatory standards. Strategic collaborations between healthcare providers and technology firms, coupled with increased investments in digital healthcare infrastructure, are expanding market opportunities.

Latest Market Trends

Growing Adoption of Rfid & Iot-Enabled Asset Tracking

Healthcare providers are increasingly adopting RFID and IoT for real-time asset tracking, improving inventory management, reducing losses, and enabling predictive maintenance. These technologies enhance workflow automation and ensure regulatory compliance, driving efficiency in healthcare asset management (HAM).

• In September 2024, Oracle launched RFID for Replenishment in Oracle Fusion Cloud Inventory Management, integrating Avery Dennison, Terso Solutions, and Zebra Technologies to automate stock tracking and restocking. This enhances inventory accuracy, prevents shortages, and boosts healthcare efficiency.

Such advancements in RFID and IoT-driven asset management are revolutionizing inventory control, enhancing operational efficiency, and ensuring better patient care through real-time tracking, automation, and predictive analytics.

Cloud-Based Asset Management Solutions

Healthcare organizations are increasingly shifting to cloud-based asset management solutions for real-time tracking, scalability, and remote access. These platforms offer centralized data management, enhanced security, and seamless integration with hospital IT systems.

• In February 2024, CenTrak introduced ConnectRT, a cloud-based RTLS software platform designed to enhance real-time location tracking in healthcare. This platform improves patient outcomes, financial performance, and staff safety, highlighting the industry's shift toward scalable, high-performance cloud environments for optimized healthcare asset management.

The adoption of cloud-based platforms is transforming HAM by enabling remote monitoring, improved operational efficiency, and stronger security frameworks, ensuring seamless data access and regulatory compliance.

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Healthcare Asset Management Market Growth Factors

Increasing Hospital Investments in Digital Transformation

Hospitals and healthcare providers are accelerating investments in digital transformation to enhance efficiency, patient care, and asset management. Advanced technologies like cloud-based solutions, AI-driven analytics, and IoT-enabled tracking are being integrated to optimize inventory control, workflow automation, and real-time asset monitoring.

• In September 2023, Blackrock Health Group announced a €25 million investment in digital transformation, including the implementation of MEDITECH Expanse, an advanced electronic health record (EHR) system, and Ireland’s first integrated digital engagement platform to improve connectivity between patients, consultants, and GPs.

These investments are driving advancements in healthcare operations, optimizing asset management, and improving patient outcomes through smarter technology integration and automation.

Strategic Collaboration

Healthcare organizations are increasingly forming strategic collaborations with technology providers, asset management firms, and digital solution vendors to enhance efficiency, compliance, and operational capabilities. These partnerships enable better asset tracking, predictive maintenance, and automation, reducing costs and improving patient care.

• In September 2024, EQT Private Capital Asia, part of BPEA Private Equity Fund VIII, announced the acquisition of a controlling stake in GeBBS Healthcare Solutions, a healthcare outsourcing provider specializing in revenue cycle management (RCM), health information management, and medical billing services.

Such investments highlight the growing role of strategic collaborations in enhancing healthcare efficiency, financial management, and technological advancement in the global healthcare asset management market.

Market Restraining Factor

Limited Technical Expertise in Healthcare Facilities

The integration of advanced technologies like RFID, IoT, AI, and cloud-based platforms requires skilled professionals for implementation, data analytics, and cybersecurity. However, many hospitals, particularly smaller facilities, struggle with training staff, managing software updates, and troubleshooting technical issues. This skill gap leads to delays in adoption, inefficient asset utilization, and increased operational costs. Without proper expertise, healthcare institutions face challenges in fully leveraging asset management solutions, limiting digital transformation efforts and reducing overall efficiency in healthcare operations.

Key Market Opportunity

Rising Demand for Mobile-Based Asset Tracking

The increasing adoption of mobile-based asset tracking is creating new growth opportunities in healthcare asset management. Mobile applications integrated with RFID, IoT, and cloud technology enable real-time monitoring of medical equipment, inventory management, and remote asset tracking, ensuring efficiency and security.

• In April 2023, GE HealthCare launched ReadySee, an asset management and network supervision solution at HIMSS 2023. ReadySee helps locate devices, manage cybersecurity risks, and provide real-time insights to enhance operational efficiency and patient care. As healthcare facilities prioritize mobility and real-time data access, the demand for mobile asset management solutions continues to grow.

With healthcare facilities prioritizing mobility and real-time data access, mobile asset tracking solutions are becoming essential for optimizing hospital workflows, reducing administrative burdens, and enhancing patient safety through seamless, real-time connectivity.

Regional Insights

North America holds a leading position in the global healthcare asset management market due to the widespread adoption of RFID, IoT, and cloud-based solutions, strong regulatory frameworks, and the presence of major healthcare IT providers. The increasing focus on reducing operational costs, enhancing patient safety, and preventing asset misplacement is driving demand for advanced asset management solutions across healthcare facilities.

The U.S. market is driven by the rise in the adoption of robotic process automation (RPA) in HAM. In 2024, the Premier Supply Chain Resiliency Report revealed that nearly 20% of U.S. healthcare leaders plan to adopt RPA to enhance supply chain strategies. The integration of RPA in healthcare asset management is expected to improve asset tracking, optimize inventory management, and reduce operational costs, ensuring better resource utilization and efficiency in healthcare facilities.

Asia Pacific Healthcare Asset Management Market Trends

Asia-Pacific is expected to register the fastest CAGR due to increasing hospital infrastructure development, growing demand for digital healthcare solutions, and rising government initiatives to improve healthcare efficiency. The expansion of cloud-based platforms, mobile asset tracking, and AI-driven analytics is further driving the market growth in the region.

India’s market is driven by an increase in the adoption of EMR and technological innovations. In May 2024, Healthray announced significant advancements in its AI-generated Hospital Information Management System and EMR. Healthray has successfully served 250+ hospitals, 1.2+ million patients, and 750+ active doctors in India. Its cloud-based, HIPAA-compliant platform enhances healthcare facility management, patient care, and workflow efficiency.

Europe Healthcare Asset Management Market Trends

Europe represents a key market for healthcare asset management, driven by government regulations promoting digital healthcare transformation, strong research and development in healthcare IT, and a high adoption rate of RFID-based tracking solutions. The presence of major healthcare technology providers and strategic collaborations is also fuelling market growth in the region.

Germany’s market is driven by the increasing adoption of RFID and cloud-based tracking solutions. For instance, in February 2024, a study published by the National Library of Medicine highlighted Germany's ongoing efforts to enhance EHR implementation, ranking 16th out of 20 analyzed countries, indicating opportunities for further digital health advancements in the country.

Turkey’s healthcare asset management industry is driven by the growth of digital health initiatives and the increasing adoption of EHRs. In September 2023, a study published by the National Library of Medicine found that 63.1% of hospitals in Turkey have at least basic EHR functions, while 36% have comprehensive EHR capabilities. This reflects Turkey’s progress in digitalizing public hospitals under the Health Transformation Program, driving demand for advanced asset management solutions to enhance operational efficiency and patient care.

Product Insights

Radio Frequency Identification leads the global market due to its extensive adoption in inventory tracking, real-time asset monitoring, and patient safety applications. Its ability to automate workflows, minimize manual errors, and enhance security makes it the preferred choice for healthcare providers. Moreover, RFID-based systems help prevent asset misplacement and theft, ensuring better operational efficiency. The integration of RFID with IoT and cloud-based solutions is further strengthening its dominance.

Applications Insights

Hospital asset management dominates the market for healthcare asset management due to increasing investments in digital transformation, growing demand for real-time equipment tracking, and the need to enhance patient safety and operational efficiency. Hospitals are widely deploying RFID, Real-Time Location Systems (RTLS), and AI-driven analytics to monitor medical devices, optimize workflows, and prevent asset loss. Moreover, the adoption of cloud-based platforms and mobile asset tracking further accelerates the demand for advanced hospital asset management solutions.

End-User Insights

Hospitals and clinics are the primary end-users in the HAM market due to their high adoption of asset-tracking solutions, advanced medical infrastructure, and growing need for efficient inventory management. The focus on reducing operational costs, improving patient care, and ensuring regulatory compliance is driving increased investments in RFID, IoT, and AI-powered asset management solutions. As healthcare facilities expand and modernize, the demand for real-time tracking and automated asset monitoring continues to rise.

Company Market Share

Key players in the HAM market are actively adopting strategic business initiatives such as partnerships, mergers and acquisitions, product innovations, and regulatory approvals to strengthen their market position. Companies are focusing on expanding their technological capabilities by integrating advanced solutions like AI-driven analytics, IoT-enabled asset tracking, and cloud-based platforms to enhance operational efficiency.

Infor: An Emerging Player in the Global Healthcare Asset Management Market

Infor is a leading cloud technology company specializing in AI-driven, industry-specific ERP solutions. In the global market, Infor’s cloud-based platforms play a crucial role in enhancing operational efficiency, automating inventory management, and optimizing real-time asset tracking. Its solutions integrate advanced analytics, IoT capabilities, and predictive maintenance tools to reduce equipment downtime, improve resource allocation, and ensure regulatory compliance.

Recent Developments by Infor:

• In October 2023, Infor, a cloud company, introduced new platform technology innovations and enhancements to its industry-specific Cloud Suites. These advancements are designed to improve operational speed, efficiency, and flexibility, enabling healthcare organizations to streamline asset management workflows, enhance real-time tracking, and optimize resource utilization for better productivity and cost savings.

List of key players in Healthcare Asset Management Market

1. AiRISTA, Inc.
2. CenTrak, Inc.
3. Novanta Inc
4. Sonitor Technologies
5. Healthray
6. Securitas Healthcare LLC.
7. Zebra Technologies Corp.
8. GE Healthcare
9. IBM
10. Siemens Healthineers AG
11. Motorola Solutions, Inc.
12. Infor
13. Accenture
14. Oracle
15. Johnson Controls.

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Recent Developments

• September 2024 – IBM announced the acquisition of Accelalpha, a global Oracle service provider specializing in Oracle Cloud Applications. This acquisition strengthens IBM’s capabilities in cloud-based enterprise solutions, enabling healthcare organizations to enhance asset management through improved data integration, real-time tracking, and operational efficiency. This acquisition enhances IBM’s cloud service portfolio, expanding its reach in healthcare asset management.
• June 2024 – AiRISTA launched Sofia 7.2, an advanced RTLS platform designed for AI-driven IoT environments. Unlike traditional RTLS solutions, Sofia 7.2 enhances workflow automation and integration, optimizing asset tracking and operational efficiency in healthcare facilities. This innovation attracts healthcare providers seeking advanced asset-tracking solutions, driving market expansion, customer adoption, and competitive differentiation.

Analyst Opinion

As per our analysts, the global healthcare asset management market is set for significant expansion, driven by the rapid adoption of real-time tracking technologies, digital transformation, and the growing need for operational efficiency in healthcare facilities.

Despite these growth drivers, the market faces challenges such as limited technical expertise, high initial implementation costs, and integration complexities with legacy hospital systems. Many smaller healthcare providers struggle with adopting sophisticated asset-tracking solutions due to a lack of skilled personnel and financial constraints. However, advancements in cloud-based platforms, mobile asset tracking, and AI-driven automation are addressing these barriers, making asset management more accessible and cost-effective.

Furthermore, emerging markets, particularly in the Asia-Pacific region, present lucrative opportunities due to expanding healthcare infrastructure, increased digital health initiatives, and government support for smart hospital technologies. As global healthcare systems continue to modernize, the adoption of intelligent asset management solutions is expected to accelerate, transforming efficiency, security, and patient care across the industry.