The projected demand is attributed to the increasing complexity of medical devices and the need for efficient equipment management in healthcare facilities.
The global healthcare technology management (HTM) market is projected to grow from approximately $6.4 billion in 2022 to $20.78 billion by 2032, according to a new market analysis. This represents a compound annual growth rate of 12.5%.
Orion Market Research’s report attributes the market’s growth to several converging factors, including the rising complexity of medical devices and growing demand for efficient equipment management in healthcare facilities. Factors such as the global rise in chronic diseases, aging populations, and the need for compliance with stringent regulatory standards are also propelling market expansion.
Additionally, advancements in healthcare IT solutions and the integration of Internet of Things technologies are enhancing the capabilities of HTM systems. “As healthcare institutions prioritize patient safety and cost-effective operations, the adoption of comprehensive HTM solutions is expected to continue its upward trajectory,” the report notes.
Market Segmentation, Players, and Trends
The HTM market is segmented by type into medical device management and healthcare IT, with applications predominantly found in hospitals, clinics, and across healthcare provider networks, notes the report.
The report profiles key business players such as Siemens Healthineers, GE Healthcare, Fujifilm Holdings Corporation, TriMedx, Sodexo, Crothall Healthcare, Renovo Solutions, and ABM Industries. These companies are identified as shaping the competitive landscape through their product portfolios, service offerings, and global reach.
The report also examines regional growth drivers and challenges across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. It notes that economic, regulatory, and technological factors may influence adoption rates and investment in HTM services differently across these markets.
ID 142218058 © Andrii Yalanskyi | Dreamstime.com
