Dubai, UAE – 03-12-2025 – Kings Research today announced the release of its latest market intelligence study, “Global Healthcare Asset Management Market: Size, Share, Trends & Forecast 2025–2032.” The report provides an in-depth analysis of market size, growth drivers, technology trends, regional outlook, and competitive dynamics.
According to Kings Research, the global healthcare asset management market was valued at USD 19.49 billion in 2024 and is projected to reach USD 120.89 billion by 2032, expanding at a CAGR of 25.71% during the forecast period. Market growth is being propelled by rapid adoption of IoT-enabled tracking devices, advances in real-time location systems, and AI-driven analytics that enable predictive maintenance, optimize utilization, and improve patient safety.
Healthcare asset management solutions, including RFID, RTLS, Bluetooth low energy platforms, and cloud analytics, provide hospitals and laboratories with real-time visibility of equipment, supplies, and personnel. These systems reduce asset loss, minimize equipment downtime, and support regulatory compliance while enabling data-driven operational improvements.
Kings Research identifies the following drivers for the healthcare asset management market
- Integration of AI and Predictive Maintenance: AI analytics combined with asset telemetry enable predictive servicing, lower unplanned downtime, and extend equipment life, improving operational ROI.
- Real-Time Location and IoT Adoption: RTLS, BLE, UWB, and RFID technologies provide precise location data that streamline workflows, speed asset retrieval, and optimize staff deployment. In March 2025, CenTrak expanded its RTLS portfolio with a plug-and-play BLE platform that includes new tags, badges, and network devices, enabling scalable, cloud-integrated deployments for asset tracking and staff safety. The hybrid BLE architecture allows healthcare providers to adopt cost-efficient tracking today and upgrade to clinical-grade precision over time, further accelerating RTLS adoption across hospitals.
- Cloud Platforms and Interoperability: Cloud-based software and open APIs facilitate multi-site management, centralized reporting, and easier integration with electronic health records and facility systems. In June 2025, Penguin Location Services partnered with Zebra Technologies to offer a hybrid RTLS–RFID asset tracking solution for hospitals, combining BLE-based real-time location capabilities with passive RFID inventory visibility. This partnership underscores growing demand for integrated, interoperable platforms that deliver both granular equipment tracking and broad inventory coverage.
- Regulatory and Cost Pressures: Hospitals and diagnostic centers are investing in asset visibility to meet compliance requirements, contain costs, and improve utilization of high-value devices.
B2B leaders in hospitals, laboratories, and healthcare system management can benefit from healthcare asset management through
- Operational Efficiency: Reduced search times and optimized asset allocation cut labor costs and improve throughput.
- Improved Patient Safety and Compliance: Accurate tracking supports sterilization cycles, maintenance schedules, and regulatory reporting.
- Asset Lifecycle Optimization: Predictive maintenance and utilization analytics maximize uptime and lower total cost of ownership.
Regional Outlook
- North America: Held 35.95% market share in 2024 (USD 7.01 billion), supported by early adoption of RFID, RTLS, and advanced analytics across large hospital networks.
- Asia Pacific: Poised for robust expansion at a CAGR of 26.53% driven by healthcare infrastructure investments, growing private-sector hospital capacity, and government digital health initiatives.
- Europe: Growth supported by digital transformation programs, interoperability mandates, and investments in smart hospital projects.
Competitive Landscape
The global healthcare asset management market is moderately fragmented, with vendors focusing on integrated hardware-software offerings, cloud platforms, and managed services. Key players include AiRISTA Flow, CenTrak, Novanta Inc., GE, IBM, Siemens, Infor, Accenture, and HID Global. Recent strategic moves include product expansions and acquisitions aimed at enhancing RTLS, RFID, and analytics capabilities.
The full Kings Research report provides detailed segmentation by component, technology, end user, and region, along with competitive benchmarking, regulatory analysis, and industry forecasts. To request a sample report or access the complete study, visit https://www.kingsresearch.com/report/healthcare-asset-management-market-2999
About Kings Research
Kings Research is a global provider of syndicated research reports and consulting services, supporting organizations in navigating rapidly evolving healthcare technology markets, assessing growth opportunities, and making informed strategic decisions. The firm specializes in tracking advancements across IoT, AI analytics, digital health infrastructure, and real-time tracking technologies that are reshaping hospital operations and medical asset lifecycle management.
All market data are sourced from Kings Research proprietary analysis, validated against credible industry standards and regulatory frameworks. Key references include the Health Insurance Portability and Accountability Act (www.hhs.gov/hipaa), General Data Protection Regulation (www.eugdpr.org), and Digital Personal Data Protection Act, which inform compliance benchmarks and digital governance practices across global healthcare asset management ecosystems.