How Will The Healthcare Technology Management Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s healthcare technology management market report forecasts the healthcare technology management market size to grow to $30.84 Billion by 2027, with a CAGR (compound annual growth rate) of more than 14%.
Learn More On The Healthcare Technology Management Market Report 2023 – https://www.thebusinessresearchcompany.com/report/healthcare-technology-management-global-market-report
Healthcare Technology Management Market Size Forecast
The global healthcare technology management market is expected to grow from $15.79 billion in 2022 to $18.11 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The healthcare technology management market size is expected to grow to $30.84 billion in 2027 at a CAGR of 14.2%.
North America held the largest healthcare technology management market share.
Key Healthcare Technology Management Market Driver – Rise In Need For Data Security
According to a report published in January 2022 by Forbes, a US-based business magazine, cyber-attacks in the healthcare sector increased by 71% in 2021. Furthermore, in July 2021, International Business Machines Corporation, a US-based technology company, reported that the cost of a healthcare data breach increased to $9.4 million in 2021, up from $2 million in 2020, a $4.24 million increase. As a result, the need for data security is propelling the healthcare technology market forward.
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Key Healthcare Technology Management Market Trend – Technological Advancement
To maintain their market position, major market players are focusing on developing innovative technologies. For example, in March 2022, TRIMEDX, a US-based company that provides clinical engineering, medical device cyber security, and clinical asset management solutions, introduced the RUDR Score, an AI-based technology that aids in objective clinical asset replacement decision-making. It also includes advanced client data benchmarking. Its sophisticated cloud-based technology makes it simple to store and access more data in one location. The system also benefits from maintaining cyber security, improving patient safety, and keeping medical equipment running efficiently.
Healthcare Technology Management Market Segment
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
Healthcare Technology Management Market Major Players and Strategies
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., Januarynx Medical Systems Inc., Welldoc Inc., Agility Inc., InterMed Group, Eli Lilly and Company, Allscripts Healthcare Solutions Inc., and Athenahealth Inc.
Sodexo, a French technology management company, paid an undisclosed sum in February 2022 to acquire Hai TOPMED Information Technology Co. Ltd. Sodexo was able to expand its healthcare technology management service and product reach in the Chinese market as a result of this acquisition. Shanghai TOPMED Information Technology Co. Ltd. is a technology firm based in China that specialises in healthcare maintenance and management.
The Healthcare Technology Management Global Market Report 2023 covers regional data on healthcare technology management market size, healthcare technology management market trends and drivers, opportunities, strategies, and healthcare technology management market competitor analysis. 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, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The organised process of preparing and managing healthcare technology applications and software that help provide optimum patient care in hospitals and clinics at a low cost is referred to as healthcare technology management.
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