(EMAILWIRE.COM, January 16, 2020 ) The growth of the healthcare asset management market is driven by need for better asset management in hospitals, acceptance of asset management solutions in the pharmaceutical industry, and decline in prices of RFID Tags.

The global Healthcare Asset Management market is expected to reach USD 35.19 billion by 2023 from USD 6.89 billion in 2017, at a CAGR of 31.4%

Market Dynamics
+ Drivers

+ Need for Better Asset Management in Hospitals
+ Acceptance of Asset Management Solutions in the Pharmaceutical Industry
+ Decline in Prices of RFID Tags

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“RFID Tags segment is expected to dominate the RFID products market in 2018.”
The healthcare asset management market is segmented into tags, readers/interrogators, antennas, and accessories. In 2018, the RFID tags segment is expected to dominate the market. The growth of this market is attributed to the increasing acceptance of RFID in pharmaceutical companies, declining prices of RFID tags, and the availability of technologically advanced products in the market.

“Based on type, the passive RFID tag segment is projected to grow at the highest CAGR during the forecast period.”
The RFID tags market is segmented into passive tags and active tags. In 2018, the passive RFID segment is expected to account for the largest share of the market; also, this segment is expected to register highest CAGR during the forecast period owing to the low cost of passive tags in comparison with active tags. Also, passive tags do not require an external source of energy, owing to which they are more widely adopted.

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