Healthcare Asset Recovery Market Size is predicted to represent a 8.1% CAGR during the forecast period for 2024-2031.
Healthcare asset recovery is the reclaiming, reusing, or correctly disposing of healthcare assets and equipment that are no longer required, obsolete, or have reached the end of their useful life. Healthcare asset recovery is a complicated process that requires planning and carrying out with great care. Healthcare facilities, asset recovery experts, and other partners and groups committed to reusing and properly removing healthcare assets work together on this project. Healthcare groups can save money, protect the environment, and help with global health initiatives by implementing appropriate asset recovery programs.
The global expansion of healthcare asset recovery infrastructure drives the demand for affordable asset recovery solutions, especially in emerging nations. This expansion is ensuring that new institutions have the medical equipment they need. Furthermore, expanding healthcare facilities and networks worldwide and the rising need for efficient and affordable equipment solutions are driving the healthcare asset recovery services industry. In addition, the market is anticipated to be propelled by increased government investments in market research and development and technology advancement.
However, regulating asset recovery services at the national, regional, and municipal levels is a complex process that can slow the growth of the worldwide healthcare asset recovery industry. This expansion is expected to be further fueled by changes in consumer behaviour and demographics and government initiatives that encourage market growth.
The healthcare asset recovery market is segmented based on asset type, organization size, and application. Based on asset type, the market is categorized into medical equipment, IT hardware, and software. According to organization size, the market is segmented into small clinics, mid-sized hospitals, and large medical facilities. By application, the market is segmented into data security and environmentally sustainable practices.
The medical equipment healthcare asset recovery market is expected to lead with a major global market share in 2023 because new medical equipment is constantly evolving, necessitating regular upgrades and replacements. Effective asset recovery solutions to recycle or dispose of old medical equipment are also in high demand due to the growing concern for healthcare institutions' environmental impact and financial management. More affordable, high-quality medical equipment is available to healthcare organizations through asset recovery, which is helpful for facilities with smaller budgets and the industry's overall market growth.
The mid-sized hospital segment is projected to grow rapidly in the global healthcare asset recovery market because they are in the special situation of finding a middle ground between cutting costs and implementing cutting-edge medical technology. The constant need to replace obsolete equipment is driven by the regular modifications these institutions undertake to remain competitive and deliver high-quality care. As a result, asset recovery services are in high demand, especially in countries like the US, Germany, the UK, China, and India.
The North American healthcare asset recovery market is expected to register a large market share in revenue in the near future. This can be attributed to several reasons, including an extensive healthcare system, rising consumer expenditure, and enabling governmental initiatives. In addition, Asia Pacific is estimated to grow rapidly in the healthcare market's global asset recovery because of the growing investment for cutting-edge research and development in this area, growing demand for service providers, and the necessity of optimizing profits, which drives up demand in this region will boost the market's growth.
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 8.1% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Asset Type, Organization Size, And Application |
|
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; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
SpendMend, Revert Inc., Lenovo, Dell, Asset Recovery Services, OnProcess, Midwest Lender Services, PRESIDIO GROUP, Speedy Repo, and Recovery Solutions. |
|
Customization Scope |
Free customization report with the procurement of the report and 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. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Healthcare Asset Recovery Market Snapshot
Chapter 4. Global Healthcare Asset Recovery Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Asset Type Estimates & Trend Analysis
5.1. by Asset Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Asset Type:
5.2.1. Medical Equipment
5.2.2. IT Hardware
5.2.3. Software
Chapter 6. Market Segmentation 2: by Organization size Estimates & Trend Analysis
6.1. by Organization size & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Organization Size:
6.2.1. Small Clinics
6.2.2. Mid-sized Hospitals
6.2.3. Large Medical Facilities
Chapter 7. Market Segmentation 3: by Application Estimates & Trend Analysis
7.1. by Application & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
7.2.1. Data Security
7.2.2. Environmentally Sustainable Practices
Chapter 8. Healthcare Asset Recovery Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Asset Type, 2019-2031
8.1.2. North America Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2019-2031
8.1.3. North America Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
8.1.4. North America Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.2. Europe
8.2.1. Europe Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Asset Type, 2019-2031
8.2.2. Europe Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2019-2031
8.2.3. Europe Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
8.2.4. Europe Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.3. Asia Pacific
8.3.1. Asia Pacific Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Asset Type, 2019-2031
8.3.2. Asia Pacific Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2019-2031
8.3.3. Asia-Pacific Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
8.3.4. Asia Pacific Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.4. Latin America
8.4.1. Latin America Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Asset Type, 2019-2031
8.4.2. Latin America Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Organization Size, 2019-2031
8.4.3. Latin America Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
8.4.4. Latin America Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
8.5. Middle East & Africa
8.5.1. Middle East & Africa Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Asset Type, 2019-2031
8.5.2. Middle East & Africa Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Organization Size ,2019-2031
8.5.3. Middle East & Africa Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by Application, 2019-2031
8.5.4. Middle East & Africa Healthcare Asset Recovery Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. SpendMend
9.2.2. Revert Inc.
9.2.3. Lenovo
9.2.4. Dell
9.2.5. Asset Recovery Services
9.2.6. OnProcess
9.2.7. Midwest Lender Services
9.2.8. PRAESIDIO GROUP
9.2.9. Speedy Repo
9.2.10. Other Prominent Players
Healthcare Asset Recovery Market By Asset Type-
Healthcare Asset Recovery Market By Organization Size-
Healthcare Asset Recovery Market By Application-
Healthcare Asset Recovery Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
