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Healthcare Technology Management Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
The Healthcare Technology Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Healthcare Technology Management Market Size and Its Estimated Growth Rate?
In the previous years, the market for healthcare technology management has seen a quick acceleration in its size. Its growth is projected to surge from $21.39 billion in 2024 to $24.49 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.5%. Factors such as integration of medical devices, regulatory compliance, equipment maintenance, cost control, and asset tracking have contributed to the upsurge in the historical phase.
In the coming years, the healthcare technology management market is poised for significant expansion, with projections seeing it swell to a worth of $44.81 billion by 2029. This represents a compound annual growth rate (CAGR) of 16.3%. Factors driving this surge during the forecast period include the widespread adoption of telehealth, the rise in value-based care, stronger cybersecurity and data protection measures, increased sustainability, and better management of telehealth environments. The period is also predicted to experience key trends such as the management of telehealth technology, IoT device management, the incorporation of AI and machine learning, utilization of cloud-based solutions, and mobile device management.
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How Are Emerging Segments Shaping the Healthcare Technology Management Market Landscape?
The healthcare technology management market covered in this report is segmented -
1) By Type Of Service: Maintenance and Repair, Capital Planning, Integrated Software Platform, Labor Management, Supply Chain (Procurement), Cyber Security, Quality and Regulatory Compliance
2) By Facility Type: Acute Care Facility, Post Acute Care Facility, Non Acute Care Facility
Subsegments:
1) By Acute Care Facility: Hospitals, Urgent Care Centers, Emergency Departments
2) By Post Acute Care Facility: Rehabilitation Centers, Long-Term Care Facilities, Skilled Nursing Facilities
3) By Non-Acute Care Facility: Outpatient Clinics, Home Health Care Services, Ambulatory Surgery Centers
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Which Growth Factors Are Influencing Healthcare Technology Management Market Expansion?
The increasing demand for data protection is anticipated to boost the growth of the healthcare technology management market. Data protection involves preventing unauthorized access and safeguarding data from corruption. This need is escalating due to the heightened activities of hackers stealing patient data for fraudulent purposes. Healthcare technology management serves to defend this data from hacking, utilizing production and management techniques that help recognize and report fish mail directly to the user. For example, in July 2024, as per the International Business Machines Corporation, a technology firm based in the US, the global average cost for a data breach in 2024 reached USD 4.88 million. This was a 10% increase from the previous year and the highest total ever recorded. Hence, the necessity for data protection is fueling the expansion of the healthcare technology market.
Who Are the Dominant Players Across Different Healthcare Technology Management Market Segments?
Major companies operating in the healthcare technology management market include ABM Industries Inc., Agility Inc., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Eli Lilly and Company, InterMed Group, Januarynx Medical Systems Inc., Koninklijke Philips NV, Renovo Solutions Ltd., Siemens Healthcare GmbH, TRIMEDX Holdings LLC, Welldoc Inc., Accumen Fund Inc., Advanced Ultrasound Electronics Ltd., Althea Group, Aramark Healthcare Technologies LLC, Asimily India Pvt. Ltd., Atlantic Biomedical Co., Clinical Technology Management, Comprehensive Technical Group, Conquest Imaging, DirectMed Parts Services LLC, First Healthcare Products Inc., GE Healthcare, Innovatus Imaging Corp., MasterPlan Healthcare, MedWrench LLC, Metis Medical Services, IQVIA Holdings LLC, Physicians Endoscopy, Radiological Service Training Institute, Tech Knowledge Associates LLC, Healthcare Technology Management Company
What Are the Latest Developing Trends in the Healthcare Technology Management Market?
Advancements in technology are becoming an increasingly significant trend in the healthcare technology management market. To maintain their market position, major companies in this sector are focusing on the development of innovative technologies. Case in point, in March 2022, TRIMEDX, an American firm offering services in clinical engineering, medical device cyber security, and clinical asset management, introduced the RUDR Score. This AI-powered technology assists in objective decision-making related to the replacement of clinical assets and also includes advanced client data benchmarking features. Utilizing sophisticated cloud-based technology, it allows easy storage and access of vast amounts of data from a single location. Besides, it also contributes to improving cyber security, elevating patient safety, and preserving the working efficiency of medical equipment.
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Which Geographic Regions Are Expected to Dominate the Healthcare Technology Management Market in the Coming Years?
North America was the largest region in the healthcare technology management market in 2024. The regions covered in the healthcare technology management market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Healthcare Technology Management Market?
2. What is the CAGR expected in the Healthcare Technology Management Market?
3. What Are the Key Innovations Transforming the Healthcare Technology Management Industry?
4. Which Region Is Leading the Healthcare Technology Management Market?
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