AI in Medical Supplies/Inventory Management Market Size is predicted witness a 21.57% CAGR during the forecast period for 2023-2031.
Implementing AI in medical supplies and inventory management requires a combination of data collection, integration with existing systems, and collaboration between healthcare providers and technology vendors. While AI has great potential in this area, it's important to consider factors such as data privacy, security, and regulatory compliance when implementing AI solutions in healthcare settings. Additionally, ongoing monitoring and adjustment of AI algorithms are essential to ensure their continued effectiveness.
The market is expanding due to various applications and the need to reduce healthcare expenses. Over the forecast period, technological advances and R&D expenditures are anticipated to drive demand to innovate sophisticated solutions. Among the trends in the market for AI in medical supplies/inventory management are integration with the Internet of Things, artificial intelligence, supply chains, and workflows.
Competitive Landscape
Some Major Key Players In The AI in Medical Supplies/Inventory Management Market:
- IDENTI Medical
- Pivot Smartflow
- IdeaRx
- TraceMedics
- Viebeg Technologies
- Others Prominent Players
Market Segmentation:
The AI in Medical Supplies/Inventory Management market has been segmented based on deployment mode, component, application, end-user, and technology. The Deployment mode market is divided into on-premises and cloud-based. The component segment includes hardware and software. The application segment includes tracking multi-warehouse, security, return handling, low/restock alerts, and tracking expired products. The end-user segment includes hospitals, ambulatory surgical centers, retail pharmacies, and online pharmacies.
Based On Components, The Hardware Segment Is Dominating The AI In The Medical Supplies/Inventory Management Market
In the upcoming years, it is anticipated that the hardware sector will have a rapid CAGR. A further division of the market is made into RFID, barcode scanners, PCs, and other gadgets. Trackers are widely employed in hospital asset management systems to find various pieces of technology. Because trackers can quickly find these items, they can reduce costs by saving a significant amount of time and labour.
The Cloud-Based Segment Registered The Highest Growth
During the projected period, the sector of cloud-based services will increase more quickly than on-premises services. Hospitals can share and integrate data from numerous sources using this distribution method, which also has low installation and maintenance expenses. Because cloud-based access to inventory information won't be limited to a single person or single desktop, it will enable experts to track medical supplies with ease.
In The Region, The Asia Pacific AI In Medical Supplies/Inventory Management Market Holds A Significant Revenue Share
During the forecast, the market in Asia Pacific is expected to grow rapidly. Asia Pacific region is adopting deep learning and natural language processing (NLP) technologies more and more for use in industry, retail, and cars, which is driving market growth. This is also becoming a more popular place to use artificial intelligence because there are a lot of big players in the artificial intelligence supply chain industry.
AI in Medical Supplies/Inventory Management Market Report Scope:
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 21.57% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Deployment Mode, Application, Components, Technology, End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
ZIH Corp; ASCOM; CenTrak; Midmark Corporation; GE Healthcare; and Honeywell International, Inc., and others. |
|
Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
