Emerging Trends to Drive Healare Technology Management Market Growth at 16.3% CAGR Through 2029

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Healare Technology Management Market Size Growth Forecast: What to Expect by 2025?
The market size of healare technology management has seen a swift increase in recent years. Its growth is projected to rise from $21.39 billion in 2024 to $24.49 billion in 2025, with a compound annual growth rate (CAGR) of 14.5%. The historical period growth is credited to the integration of medical devices, regulatory compliance, equipment maintenance, cost regulation, and asset tracking.

How Will the Healare Technology Management Market Size Evolve and Grow by 2029?
In the coming years, the market size of healare technology management is projected to experience swift expansion. By 2029, it is anticipated to reach $44.81 billion, proliferating at a compound annual growth rate (CAGR) of 16.3%. The projected progress in this period is due to factors including the enlargement of telehealth, escalating importance of value-based care, prioritization of data security and cybersecurity, growing sustainability, and management of the telehealth environment. Telehealth technology management, internet of things (IoT) device management, incorporation of AI and machine learning, deployment of cloud-based solutions, and mobile device management emerge as the key trends for this forecast period.

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What Drivers Are Propelling the Growth of Healare Technology Management Market Forward?
The growing demand for data security is projected to fuel the progress of the healare technology management market. Protecting data from unauthorized access and information corruption refers to data security. As hacker activity, involving the theft of patient data for fraudulent purposes, escalates, so does the demand for data security. Healare technology management utilizes production and operations management strategies to safeguard data from cyber-attacks, by detecting phishing emails and alerting the user. For example, International Business Machines Corporation, a technology firm based in the United States, reported in July 2024 that the worldwide average cost for a data breach had surged to USD 4.88 million, a 10% increase from the previous year, marking the highest total ever recorded. Thus, the necessity for data security is fuelling the expansion of the healare technology market.

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Which Emerging Trends Are Transforming the Healare Technology Management Market in 2025?
The unfolding trend of technological innovation holds a prominent role in the healare technology management market. The primary strategy of leading firms in this market centers on the creation of cutting-edge technologies to consolidate their market presence. For example, TRIMEDX, a U.S-based firm specializing in clinical engineering, medical device cyber security, and clinical asset management solutions, unveiled in March 2022 their RUDR Score. This AI-driven technology aids in making objective decisions on clinical asset replacement while also offering advanced client data benchmarking. The use of sophisticated cloud-based technology allows for centralized data storage and easy accessibility. Additionally, this system promotes cyber security, improves patient safety, and ensures the efficient functioning of medical equipment.

What Are the Key Segments in the Healare Technology Management Market?
The healare 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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Who Are the Key Players Shaping the Healare Technology Management Market's Competitive Landscape?
Major companies operating in the healare technology management market include ABM Industries Inc., Agility Inc., Allscripts Healare Solutions Inc., Athenahealth Inc., Eli Lilly and Company, InterMed Group, Januarynx Medical Systems Inc., Koninklijke Philips NV, Renovo Solutions Ltd., Siemens Healare GmbH, TRIMEDX Holdings LLC, Welldoc Inc., Accumen Fund Inc., Advanced Ultrasound Electronics Ltd., Althea Group, Aramark Healare Technologies LLC, Asimily India Pvt. Ltd., Atlantic Biomedical Co., Clinical Technology Management, Comprehensive Technical Group, Conquest Imaging, DirectMed Parts Services LLC, First Healare Products Inc., GE Healare, Innovatus Imaging Corp., MasterPlan Healare, MedWrench LLC, Metis Medical Services, IQVIA Holdings LLC, Physicians Endoscopy, Radiological Service Training Institute, Tech Knowledge Associates LLC, Healare Technology Management Company

What Geographic Markets Are Powering Growth in the Healare Technology Management Market?
North America was the largest region in the healare technology management market in 2024. The regions covered in the healare technology management market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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