Healthcare Technology Management Market Overview 2025: Competitive Shifts, Forecast Models, and Emerging Opportunities
Discover trends, market shifts, and competitive outlooks for the healthcare technology management industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
How Fast Is The Healthcare Technology Management Market Expected to Grow Between 2025 And 2029?
The market size for healthcare technology management has seen swift expansion in the recent past. An anticipated increase of $21.39 billion in 2024 to $24.49 billion in 2025 is expected, boasting a compound annual growth rate (CAGR) of 14.5%. Factors such as medical device integration, regulatory compliance, equipment upkeep, cost management, and asset tracking have contributed to the growth during the historical period.
The market size of healthcare technology management is predicted to surge swiftly in the forthcoming years, expanding to $44.81 billion in 2029 with a compound annual growth rate (CAGR) of 16.3%. This growth in the projected period can be ascribed to the expansion of telehealth, rising value-based care, enhanced cybersecurity and data protection capabilities, increasing sustainability, and telehealth environment management. Noteworthy trends during this forecast duration encompass telehealth technology management, management of IoT devices, the adoption of AI and machine learning, the implementation of cloud-based solutions, and mobile device administration.
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What Are the Core Growth Drivers Propelling the Healthcare Technology Management Market Forward?
The escalating demand for data security is predicted to fuel the advancement of the healthcare technology management market. Protecting data from unauthorized access and data corruption essentially defines data security. The surge in activities by hackers who illicitly obtain patient data to carry out fraudulent activities, underscores the necessity of data security. Data protection against hacking is facilitated by healthcare technology management, via the deployment of production and operation management techniques that aid in identifying and reporting phishing emails directly to the user. For example, in July 2024, as reported by the US-based technology company International Business Machines Corporation, the global average cost of a data breach had hit USD 4.88 million, signifying a 10% increment from the prior year, setting a new record high. Therefore, the requirement for data security is a significant factor propelling the expansion of the healthcare technology market.
What Segment Types Define the Healthcare Technology Management Market Structure?
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 Geographic Areas Hold the Strongest Growth Potential in the Healthcare Technology Management Market?
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.
Which Emerging Trends that Are Influencing theHealthcare Technology Management Industry Evolution?
The surge in technological innovations is becoming a key trend in the healthcare technology management market. To maintain their market presence, major firms in the field are concentrating on creating unique technological solutions. For example, TRIMEDX, an American firm that offers clinical engineering, medical device cyber security, and clinical asset management solutions, introduced the RUDR Score, an AI-integrated technology that aids in objective decision-making about clinical asset replacement, in March 2022. Not only does this technology host advanced client dataset benchmarking, it also utilizes advanced cloud-based technology for easier data storage and accessibility. The RUDR Score technology also provides advantages such as ensuring cybersecurity, improving patient safety, and maintaining medical equipment efficiency.
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What Is the Definition of the Healthcare Technology Management Market?
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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