Healthcare Technology Management Market by Service Type (Maintenance & Repair, Capital Planning, Integrated Software Platform, Labor Management, Supply Chain, Cyber Security, and Quality & Regulatory Compliance), and Facility Type (Acute Care Facility, Post-Acute Care Facility and Non-Acute Care Facility): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026433 | Pages: 100 | Industry: Healthcare IT | Date: Sep 2022 | Type: Global

The market crossed US$ 6.56 billion mark in 2022 and is expected to hit US$ 12.77 billion by 2030, recording a CAGR of 15.2% during the forecast period.

Maintenance And Repair has been significantly growing with the high adoption of Service Type segment.

Based on the service type, the healthcare technology management market is segmented into maintenance & repair, integrated software platform, capital planning,  labor management, cyber security,  supply chain, and quality and regulatory compliance. The maintenance & repair segment held the largest share in the global healthcare technology management market in 2021. The growing need to enhance patient care, the growing adoption of advanced medical equipment and technologies across several healthcare facilities, and government initiatives that encourage the adoption of advanced technological systems are some of the factors driving the growth of this market.

Within the report, the market is segmented into service type, facility type, and geography. By service type, the market is further segmented into maintenance & repair, integrated software platform, capital planning,  labor management, cyber security,  supply chain, and quality and regulatory compliance. On the basis of facility type, the market is segmented  into acute care facility, post-acute care facility and non-acute care facility. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Growing emphasis on preventative medical equipment maintenance in the healthcare facilities.

There is increasing focus on preventive maintenance of medical devices in healthcare facilities in order to enhance patient care and safety. These maintenance softwares design programs that schedule maintenance tasks to prevent costly repairs, reduces overall budgetary spend and ensures compliance. It also helps extend medical equipment’s life, which improves day-to-day operations and enhances device reliability. The increasing focus on adoption of preventive maintenance strategies among healthcare institutions is expected to increase the growth opportunities for the market in the coming years.

Growing Investments For Digital Health Projects.

The number of digital healthcare projects are increasing across the globe in order to reduce overall healthcare costs and procedures.  In 2017, the former president of the US launched the Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009. As per the legislation financial incentives were offered to healthcare providers to incorporate IT solutions in various processes. Similarly, in December 2020, the European Union (EU) granted US$ 66 million to various digital health projects in order to fight against health crisis. This financial assistance helps digital health companies to build and launch advanced products in the healthcare technology management market.

Recent strategic developments in healthcare technology management market

The healthcare technology management market has undergone several significant developments, and a few of these have been mentioned below:

  • In 2021, Modern Biomedical & Imaging, Inc. a leading provider of asset management and healthcare technology management services was acquired by InterMed Group.  
  • In 2020, Google introduced artificial intelligence tools for healthcare organizations to search through medical documentation. Google Healthcare Natural Language API and AutoML Entity Extraction tools for healthcare, aim to reduce stress and increase back-office and clinical practice productivity .
  • In 2018, Trimedx acquired Aramark. Aramark’s healthcare technologies business (HCT), allows TRIMEDX to deliver its proprietary technology-driven solutions to a broader set of healthcare customers, improving clinical & financial results, and also enhance device security and compliance. This acquisition has helped TRIMEDX to broaden and strengthen its presence in the healthcare technology services market.

 

The healthcare technology management market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. GE Healthcare, TRIMEDX, Siemens Healthineers, Koninklijke Philips N.V., Sodexo, Crothall Healthcare, Agility Inc, RENOVO Solutions, ABM Industries Incorporated, JANNX Medical System and the InterMed Group are among the prominent players operating in the market.

Target audience for the report:

  • Original Equipment Manufacturers (OEMs),
  • Manufacturers
  • Raw Material Suppliers Of Medical Device
  • Clinical Research Organization
  • Healthcare Services Providers (hospitals and public & private clinics)
  • Government bodies, such as regulating authorities and policy makers
  • Research institutes, Organizations, and Consulting Companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Service Type:
    • Maintenance & Repair
    • Capital Planning
    • Integrated Software Platform
    • Labor Management
    • Supply Chain
    • Cyber Security
    • Quality & Regulatory Compliance
  • Facility Type
    • Acute Care Facility
    • Post-Acute Care Facility
    • Non-Acute Care Facility
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • GE Healthcare
    • TRIMEDX
    • Siemens Healthineers
    • Koninklijke Philips N.V.
    • Sodexo
    • Crothall Healthcare
    • Agility Inc
    • RENOVO Solutions
    • ABM Industries Incorporated
    • JANNX Medical System
    •  InterMed Group

Companies profiled
- GE Healthcare
- TRIMEDX
- Siemens Healthineers
- Koninklijke Philips N.V.
- Sodexo
- Crothall Healthcare
- Agility Inc
- RENOVO Solutions
- ABM Industries Incorporated
- JANNX Medical System
- InterMed Group

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