Healthcare Technology Management Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

The healthcare technology management market size has grown rapidly in recent years. It will grow from $18.51 billion in 2023 to $21.26 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The growth in the historic period can be attributed to medical device integration, regulatory compliance, equipment maintenance, cost control, asset tracking.

The healthcare technology management market size is expected to see rapid growth in the next few years. It will grow to $37.92 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to telehealth expansion, increasing value-based care, cybersecurity and data protection, increasing sustainability, telehealth environment management. Major trends in the forecast period include telehealth technology management, iot device management, ai and machine learning adoption, cloud-based solutions, mobile device management.

Market Overview -
Healthcare technology management refers to the organized process of preparing and managing healthcare technology applications and software that help provide optimum patient care in hospitals and clinics at a low cost.

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Rising Imperative Of Data Security In The Healthcare Technology Management Market
The rising need for data security is expected to propel the healthcare technology management market going forward. Data security is the process of protecting data from unauthorized access and data corruption. The need for data security is increasing due to the rising activities of hackers who steal patient data to commit fraud. Healthcare technology management helps to protect the data from hacking, with the help of production and operations management techniques, which help to identify the fish mail and report it directly to the user. For instance, according to a report published by Forbes, a US-based business magazine, in January 2022, cyber-attacks increased to 71% in the healthcare sector in 2021. In addition, in July 2021, International Business Machines Corporation, a US-based technology company, the healthcare data breach cost increased to $9.4 million in 2021 which was $2 million in 2020, there is an increase of $4.24 million in 2021. Therefore, the need for data security is driving the growth of the healthcare technology market.

Competitive Landscape -
Major companies operating in the healthcare technology management market include ABM Industries Inc., Agility Inc., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Crothall Healthcare Inc., Eli Lilly and Company, InterMed Group, Januarynx Medical Systems Inc., Koninklijke Philips NV, Renovo Solutions Ltd., Siemens Healthcare GmbH, SOciété D'EXploitation Hôtelière, 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., capital asset pricing model, 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

Technological Advancements Shaping The Healthcare Technology Management Market
Technological advancements are a key trend gaining popularity in the healthcare technology management market. Major companies operating in the market are focusing on developing innovative technologies to sustain their position in the market. For instance, in March 2022, TRIMEDX, a US-based company that provides clinical engineering, medical device cyber security, and clinical asset management solutions, launched the RUDR Score, an AI-based technology that helps in objective decision-making around clinical asset replacement. It also contains advanced benchmarking of client data. Its sophisticated cloud-based technology makes it simple to store more data in one location and make it accessible. The system also benefits by maintaining cyber security, enhancing patient safety, and maintaining the efficiency of medical equipment.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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