Latest Healthcare Technology Management Market Growth Study 2022-2026 By The Business Research Company
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The healthcare technology management market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 13%, as per The Business Research Company’s market report!
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The Healthcare Technology Management Market Size In 2022 And Forecast
The global healthcare technology management market is expected to grow from $13.70 billion in 2021 to $15.69 billion in 2022 at a compound annual growth rate (CAGR) of 14.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The healthcare technology management market is expected to reach $25.78 billion in 2026 at a CAGR of 13.2%.
The healthcare technology management market consists of sales of healthcare technology management services by entities (organizations, sole traders, and partnerships) that are used to improve patient care and monitoring through remote locations.
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Rise In The Need For Data Security Is Driving The Growth Of The Healthcare Technology Management Market
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 And The Regional Analysis Of The Healthcare Technology Management Market
Major players in the healthcare technology management market are GE Healthcare, Sodexo, Siemens Healthcare GmbH, TRIMEDX, Koninklijke Philips NV, Crothall Healthcare Inc, Renovo Solutions, ABM Industries Inc, Jannx Medical Systems Inc, Welldoc Inc, Agility Inc, InterMed Group, Eli Lilly and Company, Allscripts Healthcare Solutions Inc, and Athenahealth Inc.
Additionally, as per TBRC’s research – North America was the largest region in the healthcare technology management market in 2021 holding the largest market share.
The Healthcare Technology Management Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the healthcare technology management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the healthcare technology management market.
Technological Advancement – A Key Trend 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.
Healthcare Technology Management Market Segmentation By The Business Research Company
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
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