Healthcare Technology Management Market Key Trends, Leading Players 2034

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The healthcare technology management market has been showing rapid growth in recent years, escalating from $21.39 billion in 2024 to an anticipated $24.49 billion in 2025, at a compound annual growth rate (CAGR) of 14.5%. This historic growth can be credited to factors such as medical device integration, regulatory compliance, cost control, equipment maintenance, and asset tracking.

Analysts predict that this upward trend will continue, with the market projected to reach $44.81 billion by 2029 at a CAGR of 16.3%. This growth in the forecast period is expected to be driven by expansion in telehealth, increasing value-based care as well as developments in cybersecurity, data protection, and management of telehealth environment. Emerging trends set to influence the industry include the rise of telehealth technology management, IoT device management, extensive adoption of AI and machine learning, popularity of cloud-based solutions, and the increasing use of mobile device management.

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A key driver for the market is the increasing need for data security. Protecting data from unauthorized access and corruption is growing increasingly crucial in the healthcare sector due to the rise in hacker activities aimed at stealing patient data for fraudulent activities. Healthcare technology management provides protocols that help to protect data from hacking using production and operations management techniques which can identify malicious activities and report them directly to the user. For instance, according to International Business Machines Corporation, the global average cost of data breach in 2024 was $4.88 million, marking a 10% rise from the previous year, and representing the highest total recorded to date. This underlines the increasing need for robust data security in healthcare, driving the growth of the healthcare technology management market.

The healthcare technology management market can be segmented by:

1) Type Of Service: Maintenance and Repair, Capital Planning, Integrated Software Platform, Labor Management, Supply Chain (Procurement), Cyber Security, Quality and Regulatory Compliance.

2) Facility Type: Acute Care Facility, Post Acute Care Facility, Non Acute Care Facility

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Key players operating in this market include ABM Industries Inc., Agility Inc., Allscripts Healthcare Solutions Inc., Athenahealth Inc., Eli Lilly and Company, InterMed Group, Januarynx Medical Systems Inc., Koninklijke Philips NV, Renovo Solutions Ltd., Siemens Healthcare GmbH, TRIMEDX Holdings LLC, Welldoc Inc., Accumen Fund Inc., Advanced Ultrasound Electronics Ltd., Althea Group, Aramark Healthcare Technologies LLC, Asimily India Pvt. Ltd., Atlantic Biomedical Co., Clinical Technology Management, Comprehensive Technical Group, Conquest Imaging, DirectMed Parts Services LLC, First Healthcare Products Inc., GE Healthcare, Innovatus Imaging Corp., MasterPlan Healthcare, MedWrench LLC, Metis Medical Services, IQVIA Holdings LLC, Physicians Endoscopy, Radiological Service Training Institute, Tech Knowledge Associates LLC, Healthcare Technology Management Company.

Technological advancements are transforming the healthcare technology management sector. Many companies in this field are developing innovative technologies to maintain their market position. Consider, for instance, the US-based company TRIMEDX – in March 2022, it launched the RUDR Score, an AI-based technology designed for objective decision-making around clinical asset replacement. This technology, which includes sophisticated benchmarking of client data and stores it in one cloud-based location, enhances cybersecurity and patient safety whilst optimizing the efficiency of medical equipment.

In 2024, North America was the dominant region in the healthcare technology management market. The report also covers the market outlook for Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.

Healthcare technology management refers to an organized process that involves developing and managing technology applications and software to provide high-quality patient care at low cost in hospitals and clinics. The Healthcare Technology Management Market provides insights into global market size, growth rate, regional shares, including competitor analysis, detailed segments, trends, and opportunities.

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