Healthcare Inventory Management Software | Asset Tracking Solutions

February 25, 2019: The global hospital asset tracking and inventory management systems market is expected to reach USD 31.06 billion by 2025, according to a new report by Grand View Research, Inc.

Rising need to reduce healthcare costs coupled with high prevalence of Hospital-acquired Infections (HAIs) is anticipated to boost the growth.Manual handling of the numerous equipment and assets used in a hospital is a difficult task.

Hospital asset management allows smooth and continuous hospital operations by decreasing the time in searching these equipment.

This factor is anticipated to bode well for market growth in the forthcoming years.Download sample Copy of This Report at: https://www.radiantinsights.com/research/hospital-asset-tracking-and-inventory-management-systems-market/request-sample Availability of advanced systems and rapid technological advancements are also significant driving factors for the hospital asset tracking and inventory management systems market.

For instance, the Central Manchester University hospital uses hospital asset management system, which manages over 500,000 assets.

They ultimately help improve quality of life of the patients.

The most recent Asset Management Software empowers clients to lead exhaustive, practical and quick actual reviews.

Barcode rags or RFID labels are connected to the assets and handheld filtering gadgets are utilized to lead the actual review.When hoping to purchase Asset Management System innovation guarantee your framework will empower you to:• Allow resource things to be hailed as found, moved, discarded or missing.• Upload the same number of information fields as needed from the asset register to the hand-held unit.• Verify and check activities emerging because of the review before refreshing the register.• Update the status of things on location and progressively utilizing either devoted scanner tag filtering hardware or cell phones/tablets.• Create value-based records for checked exchanges and removals naturally, with all updates and exchanges recorded in a log for revealing purposes.• Input subtleties, for example, make, model or chronic number unmistakably showed in a scrollable arrangement on the hand-held unit.• Utilize progressed search offices permitting ‘maverick’ things to be immediately distinguished by an assortment of measures By guaranteeing you have these critical functionalities set up, your association could understand possible reserve funds of up to 70% on physical examining costs and give precise cross-charging of data to different divisions.If you are looking more information click here — https://www.sunsmartglobal.com/asset-management-software-dubai-uae-qatar-usa-london/

Global Asset Tracking and Inventory Management Solution Market was valued US$ 11.85 Bn in 2019 and is expected to reach US$ 29.30 Bn by 2027, at a CAGR of 13.81 % during a forecast period.Global Asset Tracking and Inventory Management Solution Market, By RegionAsset Tracking and Inventory Management Solution is used to manage the information like item quantities, personnel assignments and maintenance requirements.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Global Asset Tracking and Inventory Management Solution Market, Dynamics:An increase in demand from small and medium enterprises (SMEs) for barcode and RFID systems to track assets is expected to drive the growth during the forecast period.

Inventory management systems assist businesses to manage stocks of expendable substances across a variety of surroundings.However, high initial cost and security vulnerability are expected to limit the global asset tracking and inventory management solution market growth.Global Asset Tracking and Inventory Management Solution Market, Segment Analysis:Asset Tracking and Inventory software can integrate with computing network or hosted by vendor accessed on computers, laptop and mobile device.

Asset Tracking and Inventory software is useful for any organization that wishes to have better control.Warehouse management segment is expected to grow at a 14.10% rate of CAGR in the global asset tracking and inventory management solution market during the forecast period.

As a wave of next generation, technology-enhanced warehouses are bringing extraordinary levels of real-time visibility into organizations.The retail industry is under pressure to increase the consumer journey from interaction to point-of-sale through an effective retail asset tracking solution.

The retailers can track and record an asset’s entire life cycle with innovative IoT solutions and retail asset tracking software.

The retail industry is expected to contribute significant share in the global asset tracking and inventory management solution market.Global Asset Tracking and Inventory Management Solution Market, Regional Analysis:The Asia Pacific held the US$ XXMn share in the global asset tracking and inventory management solution market in 2019 and it is projected to grow at a 13.50% rate of CAGR during the forecast period.

Asset Infinity is one of the leading asset tracking and management software widely used in various industries by a multitude of brands.

It is an asset management software, hosted on the Microsoft Azure Cloud Services with 99.9% of uptime guaranteed.Asset Infinity facilitates you with asset tracking, inventory management, preventive maintenance, complaints/ticketing/breakdown maintenance, depreciation management, resource allocation management, and user management to replace old spreadsheets with a new experience of customized software.The tracking of assets with Asset Infinity has become easier than before with barcodes, RFID, NFC, and geographic location to leave an asset trail behind and streamline the auditing processes.

Asset Infinity offers a free 14-day trial – no credit card required!

Hospital asset tracking and inventory management system helps hospital in the management of its assets and inventory by providing a real time based solution.

This inventory tracking solution works by placing RFID labels on equipments such as stretchers, wheel chairs, ECG machine etc that can be traced through RFID readers.

Mobile based software available on employees’ devices enables them to monitor all the equipments.Technological advancements and R & D investments to innovate advanced solutions are the key drivers for increasing the demand for Hospital Asset Tracking and Inventory Management over the forecast period 2018-2026 .Increasing use of Artificial Intelligence (AI), integration with Internet of Things (IoT), and supply chain and workflows are the major factors affecting in the hospital asset tracking and inventory management systems market.Get Sample Copy Of The Report@ https://www.trendsmarketresearch.com/report/sample/9933 The hospital asset tracking and inventory management systems market is categorized on the basis of component, application and industry.

Hardware segment of the global market has the highest market share as there is increasing of significant deployment of inventory management and asset tracking solutions by businesses due to increasing demand for proper inventory management needs.

On the basis of application the market is divide into IT asset tracking, equipment tracking, facility management, tool tracking, funding management, mandate compliance, warehouse management and others.

On the basis of industry the hospital asset tracking and inventory management systems market is fragmented in groups such as retail, BFSI, IT & telecom, healthcare, hospitality, transportation and logistics, chemical, energy & utilities, oil & gas, manufacturing, education, government and others that includes automotive, mining, and textile.