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Hospital Asset Management Market is expected to generate a revenue of USD 414.18 Billion by 2032, Globally, at 30.60% CAGR: Verified Market Research®

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Strategic analysis of the Hospital Asset Management Market reveals a high-growth landscape driven by digital transformation, patient safety demands, and regulatory compliance, particularly in North America. However, high initial costs and data security concerns require targeted entry strategies. Vendors should prioritize developed regions with mature IT infrastructure for early gains, while offering scalable, cost-effective solutions for emerging markets. Partnering with healthcare IT integrators and providing robust training/support services will be key to overcoming technical and adoption barriers and capturing long-term growth.

LEWES, Del., May 8, 2025 /PRNewswire/ — The Global Hospital Asset Management Market Size is projected to grow at a CAGR of 30.60% from 2026 to 2032, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 48.94 Billion in 2024 and is expected to reach USD 414.18 Billion by the end of the forecast period.

The hospital asset management market is gaining momentum as healthcare facilities embrace digital transformation. With rising investments in RFID, IoT, and cloud-based solutions, hospitals are optimizing workflows, reducing theft, and improving patient outcomes.

Key Highlights of the Report:

Market Size & Forecast: In-depth analysis of market valuation and projected CAGR through 2032.Technology Trends: Insights into RFID, RTLS, IoT, and AI adoption across hospital infrastructure.Regional Insights: Comparative study of North America, Europe, APAC, and emerging markets.Competitive Landscape: Profiles of leading players, strategies, and recent mergers or acquisitions.Growth Drivers & Challenges: Detailed breakdown of market enablers and restraints shaping the industry.End-User Segmentation: Evaluation of asset management in public, private, and specialty hospitals.

Why This Report Matters:

This report provides actionable intelligence to help stakeholders understand shifting dynamics in hospital asset management, uncover opportunities in smart healthcare investments, and make informed business decisions backed by data-driven insights.

Who You Should Read This Report:

Healthcare administrators & CTOsMarket research professionalsIoT and RFID solution providersB2B healthcare suppliersInvestors seeking growth opportunities in digital healthcare systems

For more information or to purchase the report, please contact us at: https://www.verifiedmarketresearch.com/download-sample?rid=40291

Browse in-depth TOC on “Global Hospital Asset Management Market Size

202 – Pages
126 – Tables
37 – Figures

Report Scope

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2032

BASE YEAR

2024

FORECAST PERIOD

2026-2032

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

AiRISTA Flow Inc., CenTrak Inc., GE Healthcare, IBM Corporation, Novanta Inc. (ThingMagic), Siemens Healthcare GmbH, Sonitor Technologies, Stanley Healthcare, and Zebra Technologies Corporation.

SEGMENTS COVERED

By Product, By Application, By End-User And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Global Hospital Asset Management Market Overview

Market Driver

Surge in Demand for Real-Time Equipment Tracking: Hospitals oversee numerous assets across various departments, including beds, infusion pumps, ventilators, and surgical instruments. Manual tracking results in delays, misplacement of objects, and inefficiency. The increasing utilization of technologies such as RFID, RTLS, and BLE facilitates real-time asset visibility, decreases search duration, and curtails superfluous acquisitions. The pursuit of asset usage optimization is propelling investments in intelligent tracking systems in hospitals worldwide.

Growing Need to Improve Patient Care and Safety: Hospitals face mounting pressure to provide superior treatment while adhering to stringent operational budgets. The misplacement of assets or downtime of essential medical devices can significantly affect patient care. Asset management systems guarantee that essential equipment is maintained, accessible, and accurately calibrated. This enhances workflow efficiency, accelerates response times, and elevates patient satisfaction scores—essential objectives for healthcare institutions pursuing operational excellence.

Rising Healthcare Digitalization and Regulatory Push: The worldwide healthcare industry is experiencing digital revolution, propelled by regulatory requirements and legislative incentives. Governments and health authorities are enforcing enhanced compliance in asset tracking and maintenance to augment patient safety and mitigate liability. Hospital asset management systems include automatic compliance monitoring, audit trails, and maintenance notifications. This conforms to regulatory frameworks such as HIPAA (U.S.), MDR (EU), and Joint Commission requirements, facilitating widespread use.

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Market Restraint

High Initial Implementation and Integration Costs: Although hospital asset management systems offer long-term cost advantages, they need substantial initial expenditures in hardware, software, and infrastructure. Expenses encompass RFID tags, sensors, networking, cloud integration, and personnel training. For hospitals with constrained IT budgets, particularly in emerging economies, these expenses can be exorbitant. Moreover, the connection with pre-existing legacy systems can be intricate and protracted, hence deterring early adoption.

Data Security and Privacy Concerns: Given that hospital asset management systems produce substantial volumes of sensitive data, encompassing equipment utilization and patient mobility, security emerges as a significant issue. Any violation or unauthorized access may result in regulatory penalties and harm to reputation. The transition of hospitals to interconnected devices and cloud-based solutions is impeded by concerns regarding cyberattacks, data breaches, and non-compliance with data protection requirements such as GDPR and HIPAA.

Lack of Skilled Workforce and Technical Know-How: The effective implementation and functioning of hospital asset management systems necessitate proficient IT teams and healthcare personnel who comprehend digital workflows. Numerous healthcare facilities, particularly in rural or under-resourced areas, are deficient in specialists qualified to develop or sustain such systems. Insufficient technical proficiency hinders installation, diminishes user adoption, and escalates dependence on external vendors—impeding scalability and constraining return on investment for stakeholders.

Geographical Dominance

North America leads the Hospital Asset Management Market owing to its advanced healthcare infrastructure, early implementation of IoT and RFID technologies, and robust legislative frameworks facilitating digital transformation. Significant investment in intelligent hospital technologies, along with an emphasis on patient safety and operational efficiency, establishes the region as a global frontrunner. U.S.-based entities and medical facilities establish standards in automation and real-time monitoring of healthcare assets.

Key Players

The “Global Hospital Asset Management Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are AiRISTA Flow Inc., CenTrak Inc., GE Healthcare, IBM Corporation, Novanta Inc. (ThingMagic), Siemens Healthcare GmbH, Sonitor Technologies, Stanley Healthcare, and Zebra Technologies Corporation.

Hospital Asset Management Market Segment Analysis

Based on the research, Verified Market Research has segmented the global market into Product, Application, End-User and Geography.

Hospital Asset Management Market, by ProductRadiofrequency Identification (RFID) DevicesReal-time location systems (RTLS)Hospital Asset Management Market, by ApplicationHospital Asset ManagementPharmaceutical Asset ManagementHospital Asset Management Market, by End-UserHospitals and ClinicsPharmaceutical Companies

Hospital Asset Management Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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Top 7 Smart Hospital Companies defining new future of medicine and care

Visualize Hospital Asset Management Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

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Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR’s dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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SOURCE Verified Market Research

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Sungrow Unveils Full-Scenario Solution to Address Emerging Global Energy Challenges

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HEFEI, China, April 27, 2026 /PRNewswire/ — Sungrow, the globally leading PV inverter and energy storage system (ESS) provider, presented its full-scenario solution at Sungrow GRES (Global Renewable Energy Summit) 2026 on April 24th, outlining how integrated energy solutions can address the surging power demands and structural challenges facing industries worldwide.

Sectors such as mining & microgrid, hydrogen production, and EV charging are expanding at an unprecedented speed, with power supply becoming increasingly critical. According to third-party analysis, combined annual electricity demand from these sectors is expected to reach 4,000 TWh by 2030, while the power costs have already become a major operational challenge.

Despite a shared demand for reliable and affordable electricity, each industry faces unique pain points. Additionally, the wide divergence in operating environments, grid strength, load conditions, and power quality requirements underscores the need for scenario-specific energy solutions. Sungrow believes that premium, customized energy solutions are essential to addressing the diverse needs of different scenarios.

Customized Designs for Full-Scenario Applications
AIDC Scenario
In the digital era, rapid advances in AI are driving a surge in data center power demand, calling for a next-generation power supply architecture defined by high efficiency, high density, and strong resilience. Leveraging its expertise in power electronics and renewable energy, Sungrow entered the AIDC (Artificial Intelligence Data Center) sector last year with a comprehensive grid-to-chip solution. This year, Sungrow will launch a dedicated SST (Solid-State Transformers) solution for data centers, significantly reducing footprint while improving efficiency. Sungrow will also integrate grid-forming technology in AIDC ESS to mitigate grid disturbances and enhance system stability.

Mining Microgrid Scenario
Most mines are located in remote areas with limited grid access, complex loads, and strict power stability requirements, making energy supply a significant challenge. Sungrow addresses this with an integrated PV–wind–storage–EV charger–controller solution, reducing energy costs by 20–50% compared with a diesel generator. Given the variability of mining loads, Sungrow leverages advanced simulation capabilities to deliver tailored solutions with optimized equipment configurations, ensuring a reliable power supply and reduced CAPEX. Moreover, a five-level progressive protection system further safeguards stable operations under extreme conditions.

PV-ESS-EV Charging Integrated Scenario
Many EV charging projects suffer from poor coordination among system components, resulting in underperformance and reduced returns. Sungrow addresses this challenge with a one-stop, fully integrated solution that enables deep synergy across equipment and incorporates AI-driven operations, increasing overall revenue by more than 50%. Meanwhile, grid-forming technology has been extended to C&I applications to mitigate grid fluctuations caused by large-scale ultra-fast charging. In addition, Sungrow’s systems enable seamless integration with VPPs (Virtual Power Plants) through unified interfaces, unlocking greater value through diversified, future-ready revenue streams.

Hydrogen Production Scenario
In hydrogen production applications, Sungrow optimizes equipment configuration, reducing CAPEX by over 20% through PV–wind–storage–hydrogen integration and system-level simulation. In parallel, PV–storage–hydrogen DC coupling and flexible production technologies enhance energy efficiency and lower electricity costs by more than 10%.

Powering the Next Phase of Energy Transition
Renewable energy is shifting from a supplementary resource to a primary power source. This transition drives demand for premium energy solutions built on multi-energy integration for cost-efficient power, systematic grid-forming technologies for enhanced stability, and customized designs tailored to diverse scenarios. Sungrow believes that the deep integration of premium products and proven expertise is key to delivering truly scenario-adapted solutions.

Looking ahead, Sungrow will continue to build a more flexible, resilient, and sustainable energy landscape, helping industries meet growing energy demand and accelerate the transition to a low-carbon future.

About Sungrow
Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 29 years. As of Dec 2025, Sungrow has installed over 1000 GW of power electronic converters worldwide. The company is recognized as the world’s most bankable PV inverter and energy storage company (BloombergNEF). Its innovations power clean energy projects across the globe, supported by a network of 520 service outlets guaranteeing excellent customer experiences. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit: www.sungrowpower.com/en

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Sumsub Recognized as Leader in Chartis RiskTech Quadrant for Enterprise Fraud Solutions 2026

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Building on consistent Chartis recognition across fincrime, identity, and compliance reports for the third consecutive year

LONDON, April 27, 2026 /PRNewswire/ — Sumsub, a global verification and anti-fraud leader, has been recognized as a Category Leader in the Chartis RiskTech Quadrant® for Enterprise Fraud Solutions* 2026. The report evaluates vendors based on the completeness of their offering and its market potential, positioning Sumsub among the top providers addressing increasingly sophisticated fraud threats faced by enterprises worldwide.

The 2026 recognition builds on a consistent track record in Chartis research. In 2024, Sumsub was acknowledged in the same category, as well as received two further recognitions as a Category Leader in RiskTech Quadrant for AML Transaction Monitoring Solutions and for its Best-in-Class Capabilities for Application Fraud and Identity Risk. In 2025 Sumsub was named Winner in Chartis Financial Crime and Compliance 50. Together, these placements reflect Sumsub’s sustained performance across identity verification, fraud prevention, and compliance.

“Sumsub has shown itself to be a strong cross-functional player, with Category Leader, Enterprise Solution and Best of Breed positions respectively in our Enterprise, Fraud Platforms, and Payment Fraud RiskTech Quadrants,” said Phil Mackenzie, Senior Research Principal at Chartis. “Its identity-centric approach is a clear differentiator, combining identity signals with performant real-time fraud signals – making it particularly appropriate for digital-first financial institutions and cross-border use cases.”

“Being recognized again as a Category Leader by Chartis reflects our ongoing focus on delivering reliable, scalable solutions that help businesses stay ahead of evolving risks”, added Andrew Sever, CEO and co-founder of Sumsub. “As fraud is becoming more complex and AI-driven, with the share of sophisticated multi-step attacks having increased by 180% over 2024-2025, we remain committed to equipping companies with the tools they need to safeguard trust, meet regulatory requirements, and grow securely.”

Sumsub’s recognition is underpinned by its advanced Fraud Prevention solution, which combines AI-powered anomaly detection, device intelligence, and behavior monitoring to identify and stop fraud across the entire user journey in real time. Alongside its technology offering, the company invests in industry education through the Sumsub Academy: its recently-launched Fraud Prevention course equips risk and compliance professionals with practical knowledge and frameworks to combat evolving fraud threats.

To learn more about 2025-2026 fraud trends and predictions, feel free to check the latest edition of Sumsub Identity Fraud Report here: https://sumsub.com/fraud-report-2025/.

Chartis Research is a leading provider of research and analysis on the global market for risk technology. Its RiskTech Quadrant® reports are widely regarded as an industry benchmark, offering an independent assessment of vendors’ capabilities, market presence, and strategic direction across key risk and compliance categories.

To access the full Chartis RiskTech Quadrant® for Enterprise Fraud Solutions 2026 report, please go to their website.

*Enterprise Solutions Description:

The Enterprise Solutions category covers vendors that deliver scalable platforms capable of supporting fraud and financial crime risk management across large, complex financial organizations. These solutions typically cover data ingestion, analytics, and case management within a unified architecture, enabling controls across multiple business lines, geographies, and channels. Key differentiators include coverage of fraud typologies (including advanced or proprietary techniques, behavioral modelling and libraries of pre-packaged rules), modelling and testing capabilities, and the overall infrastructure of the solution including deployment options, flexible workflow and case management.

About Sumsub

Sumsub is a leading full-cycle verification platform that enables fraud-free, scalable compliance. Its adaptive, no-code solution covers everything from identity and business verification to ongoing monitoring—quickly adjusting to evolving risks, regulations, and market demands.

Recognized as a Leader by Gartner, Forrester, and IDC, Sumsub combines seamless integration with advanced fraud prevention to deliver industry-leading performance.

Over 4,000 clients—including Bitpanda, Wirex, Avis, Bybit, Vodafone, Duolingo, Kaizen Gaming, and TransferGo—trust Sumsub to streamline verification, prevent fraud, and drive growth. The platform’s methodology follows leading global AML standards and regulations, and Sumsub has extensively engaged with leading research and public institutions like the UN, Statista, and INTERPOL.

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TeamViewer Advances Toward Autonomous Endpoint Management: Tia Now Generates Automations From Customers’ Own Proven Fixes

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LONDON, April 27, 2026 /CNW/ — TeamViewer today introduced AI-driven scripting for Tia (TeamViewer Intelligent Agent) at the Gartner Digital Workplace Summit 2026 in London. Building on more than one million AI session summaries produced since launch, Tia can now learn from an organization’s support history and turn resolved issues into ready-to-run automations, giving IT teams a faster, more consistent path to standardizing proven fixes. The release marks an important milestone in TeamViewer’s Autonomous Endpoint Management (AEM) roadmap.

The new capabilities address one of IT’s most persistent inefficiencies: even when issues are resolved, the applied fixes are rarely captured in a way that prevents the same problem from recurring. Tia now tackles this in two connected steps: First, it draws on AI insights from real support sessions to ground its troubleshooting recommendations in an organization’s actual support history and context, surfacing proven remediation steps from past sessions rather than relying on general knowledge. From there, IT teams can choose to turn any resolved session into a script that Tia generates based on the documented remediation steps. The automation is then ready for the team to review and refine before deploying it to selected devices or device groups.

The release reflects how TeamViewer is building out its AEM vision in stages through TeamViewer ONE, its unified digital workplace platform: from secure remote support and real-time endpoint observability to in-session AI expert augmentation and knowledge capture, and now to AI-driven automations grounded in proven fixes. Each resolved incident makes the next one easier to prevent, as AI sessions and endpoint telemetry combine to surface recurring patterns across the IT environment. Where remote support platforms, DEX tools, and RMM solutions each address parts of this challenge in isolation, Tia connects them, grounding every automation in verified remediation steps drawn from the customer’s own support history and relevant context.

“IT teams are under pressure to do more with the resources they have, and too much of their time is still spent resolving the same issues over and over,” said Mei Dent, Chief Product & Technology Officer, TeamViewer. “Tia’s new capabilities mean that every resolved incident becomes an asset: one that can be tested, deployed, and used to protect other devices from the same disruption. That is what consistent, scalable IT operations en route to AEM looks like in practice.”

TeamViewer is unveiling the innovation at the Gartner Digital Workplace Summit 2026 in London, where the company is also presenting two sessions: “Building the Autonomous Workplace with a DEX Knowledge Layer” on April 28, and “The Top 3 DEX Myths Sabotaging Your Digital Strategy” on April 27. Attendees can visit TeamViewer at Expo Booth 207 or the Engagement Zone in the foyer on Level 1.

About TeamViewer

TeamViewer provides a Digital Workplace platform that connects people with technology – enabling, improving and automating digital processes to make work work better.

In 2005, TeamViewer started with software to connect to computers from anywhere to eliminate travel and enhance productivity. It rapidly became the de facto standard for remote access and support and the preferred solution for hundreds of millions of users across the world to help others with IT issues. Today, more than 635,000 customers across industries rely on TeamViewer to optimize their digital workplaces – from small to medium sized businesses to the world’s largest enterprises – empowering both desk-based employees and frontline workers.

Organizations use TeamViewer’s solutions to prevent and resolve disruptions with digital endpoints of any kind, securely manage complex IT and industrial device landscapes, and enhance processes with augmented reality powered workflows and assistance – leveraging AI and integrating seamlessly with leading tech partners. Against the backdrop of global digital transformation and challenges like shortage of skilled labor, hybrid working, accelerated data analysis and the rise of new technologies, TeamViewer’s solutions offer a clear value add by increasing productivity, reducing machine downtime, speeding up talent onboarding, and improving customer and employee satisfaction.

The company is headquartered in Göppingen, Germany, and employs around 1,900 people globally. In 2025, TeamViewer achieved a revenue of around EUR 768 million. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and belongs to the SDAX. Further information can be found at www.teamviewer.com.

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SOURCE TeamViewer Germany GmbH

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