Healthcare Technology Management Market Set to Surge, Projected to Reach US$ 33.1 Billion by 2034

It is anticipated that the worldwide market for healthcare technology management would grow from US$ 8.2 billion in 2023 to US$ 33.3 billion in 2033. The healthcare technology management market is expected to grow at an astounding 15.1% CAGR, which will lead to this predicted increase.

The market for healthcare technology management is anticipated to see substantial growth due to the growing demand for telehealth and mobile health solutions. Because mHealth solutions and other healthcare applications are integrated, it is anticipated that the increasing acceptance rate of telehealth will propel market expansion.

Growing patient expectations for high-quality care, continued technical breakthroughs, and an increased reliance on advanced medical technology are major growth factors for the worldwide healthcare technology management industry. The growing dependence of healthcare facilities on cutting-edge medical technologies fuels the need for HTM services.

Request for a Sample of this Research Report

As medical equipment becomes more sophisticated and critical to patient care, ensuring adequate performance and regulatory compliance becomes increasingly essential. Continuous technological developments like IoT integration and digital health call for qualified HTM specialists. Patient expectations for high-quality healthcare services further drive the HTM market since precise diagnosis and treatment depend on well-maintained equipment.

“Advanced computerized management maintenance systems in healthcare streamline operations such as cybersecurity risk, an alternative equipment maintenance program, and tracking real-time data.  Implementing such modern healthcare software is transforming the work order for healthcare facilities and presenting opportunities for market players and clinical engineers to stay competitive with strategic assets.” says an FMI analyst

Key Takeaways from the Healthcare Technology Management Market

• The global healthcare technology management market is estimated to register a CAGR of 15.1%, with a valuation of US$ 33.3 billion by 2033.
• The market captured a CAGR of 19.4% in the historical period between 2018 and 2022.
• The United States is anticipated to dominate the global market by registering a 15.4% CAGR during the forecast period.
• With a 15.8% CAGR, China is significantly driving the global market by 2033.
• During the forecast period, Japan is anticipated to secure a CAGR of 16.3% in the global market.

Competitive Landscape

A surge in investment and collaboration within healthcare organizations has been witnessed. Strategies that key players are opting for include partnerships and financial investments to accelerate research and development, scale production, and expand market reach. The key focus area for business leaders is advancing the healthcare management software to mitigate security risks and consolidate the supply chain.

Recent Developments

• In April 2022, GE Healthcare and Medtronic made a strategic alliance to focus on addressing the specific requirements and treatment for Ambulatory Surgery Centres and office-based laboratories.

In March 2022, Sodexo collaborated with University hospitals to provide comprehensive community and primary care.

Elevate Your Business Strategy! Purchase the Report for Market-Driven Insights

Key Companies in the Healthcare Technology Management Market

• Oracle Corporation
• Koninklijke Philips N.V.
• Renovo Solutions
• Epic Systems Corporation
• Agfa-Gevaert Group

Key Segments

By End User:

• Healthcare Providers
  • Hospitals
  • Pharmacies
  • Diagnostic and imaging centers
  • Ambulatory clinical units
• Healthcare Payers

By Delivery Mode:

• On-premises
• Cloud-based

By Component:

• Services
• Software
• Hardware

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)