The Global Wireless Healthcare Asset Market is valued at USD XX.XX billion in 2016 and is expected to reach a value of USD XX.XX billion by the end of 2022, growing at a projected CAGR of XX% during the forecast period of 2017 - 2022.
Wireless healthcare asset management is a solution used to monitor and manage asset such as equipment, tools, patient and other hospital professionals using wireless technology. Hospitals have to manage a number of costly and mobile systems, tools and equipment's due to which a significant portion of time is wasted in managing these asset inventories which are lost, stolen or misplaced.
Due to this mismanagement the asset utilization level significantly decreases which results in overall low operational efficiency and moreover it also involves loss associated with the lost and stolen costly medical tools and equipment's.
Wireless healthcare asset management system provide an efficient real time solution to keep track of not only physical assets but also coordinates the professionals and patients in the hospital. Being wireless in nature it provides portability, flexibility and scalability to overall system. It ensures that assets and categories of assets are searchable, indicating both room-level location and availability status as in on/off, sterilized/unsterile, in-use and free. To avoid dis-functionality the systems provides on time alerts for servicing the equipment and also provides theft alert if in case the equipment crosses geo-fenced area.
Increasing need for real-time asset monitoring solution is the major driver for the global wireless healthcare market.
Rising demand for portable monitoring and management solution to improve operational efficiency of healthcare institutions is also a key driver for the wireless asset management market.
There are various compatibility issues with existing system.
High initial costs involved.
Being a new system, there is lack of knowledge and expertise related to its functioning and benefits.
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