Dallas, Texas (PRWEB) June 12, 2013
Healthcare / Pharmaceutical Asset Management Market valued at $2.6 billion in 2012 is poised to reach $6.7 billion by 2017 at a CAGR of 20.9% as per this new research report. The healthcare asset management commanded the largest share of global healthcare/pharmaceutical asset management market in 2012 growing at a CAGR of more than 20% from 2012 to 2017. RFID in healthcare dominated the healthcare asset management market growing strongly at a CAGRof more than 17% from 2012 to 2017. RTLS has recently attracted market leaders and investors and is expected to grow at the highest CAGR of 35.4% from 2012 to 2017. Equipment management commanded the largest share of healthcare asset management applications in 2012, while staff management is expected to grow at the highest CAGR of more than 37% from 2012 to 2017 due to focus on enhanced productivity and quality of care. The global RFID tags commanded the largest share of more than 58% of the global tags market in 2012, while ultrasound tags market is expected to grow at the highest CAGR of more than 17% from 2012 to 2017.
RFID, RTLS and ultrasound & infrared tags are the various product categories of global healthcare/pharmaceutical asset management market (http://www.reportsnreports.com/reports/252671-healthcare-pharmaceutical-asset-management-market-wi-fi-rtls-rfid-tags-active-passive-software-ir-ultrasound-equipment-patient-tracking-staff-safety-temperature-humidity-monitoring-drug-counterfeit-global-forecast-to-2017.html). RFID in healthcare vertical has dominated the share with more than 60% of the global market share and strongly growing in mature markets such as Europe, North America, Japan, the South Korea, and China between 2010 and 2020. Asset management in healthcare applications such as equipment management, staff management, patient management and temperature & humidity monitoring are being preferred by practitioners. In addition, asset management also provides crucial applications in pharmaceuticals vertical such as drug counterfeiting and supply chain.
Asset management in pharmaceuticals is predominantly driven by rising incidence of drug counterfeit. According to the World Health Organization, in 2012, there were 170 drug counterfeit cases in the U.S. and an estimated 10% of all pharmaceuticals across the world are believed to be counterfeit. These estimated cases were expected for annual earnings of over $32 billion globally. Considering the severity of the incidence and enhancing the patient safety organizations such as FDA strongly suggests the use of RFID as an efficient solution.
North America dominated the healthcare/pharmaceutical asset management market with close to 44% of the global market share in 2012 and is expected to grow at a CAGR of 20.7% from 2012 to 2017.The North American region comprises a major share due to the large number of U.S. based RFID and RTLS technology providers and ease of access to this region. Asia is projected to grow at the highest CAGR in the next five years, due to the rising awareness and increase in investors in countries such as China, India and Japan.
Companies profiled* (overview, products & services, financials & strategy & analyst insight) in this report include: Aeroscout, Inc, Awarepoint Corporation, Ekahau, Elpas (Visonic Technologies Ltd.) - A Tyco International Company, GE Healthcare, IBM Corporation, Infor, Inc., Motorola Solutions, Inc., Radianse, Siemens Healthcare, Sonitor Technologies, Thingmagic (Trimble Navigation Ltd.), Versus Technology, Inc., Vizbee RFID Systems Ltd. and Zebra Technologies Corporation.
*Details On Overview, Products & Services, Financials& Strategy & Analyst Insight Might Not Be Captured In Case Of Unlisted Companies.
Scope of the Report available for purchase @ http://www.reportsnreports.com/Purchase.aspx?name=252671 covers:
Healthcare Asset Management Market
Pharmaceutical Asset Management Market
Healthcare and pharmaceutical asset management market, by geography
Covering 133 Data Tables and 13 Figures on the Healthcare / Pharmaceutical Asset Management Market, the complete report with comprehensive table of contents and more is available @ http://www.reportsnreports.com/reports/252671-healthcare-pharmaceutical-asset-management-market-wi-fi-rtls-rfid-tags-active-passive-software-ir-ultrasound-equipment-patient-tracking-staff-safety-temperature-humidity-monitoring-drug-counterfeit-global-forecast-to-2017.html.
Explore more reports on the Healthcare Market @ http://www.reportsnreports.com/market-research/healthcare/ and Pharmaceuticals market @ http://www.reportsnreports.com/market-research/pharmaceuticals/.
ReportsnReports.com is an online market research reports library of 350,000+ in-depth studies of over 5000 micro markets. We provide 24/7 online and offline support service to our customers.
Read the full story at http://www.prweb.com/releases/healthcare-pharma-asset/management-market-trends/prweb10825582.htm.
Copyright©2012 Vocus, Inc.
All rights reserved