Rising investments in digital infrastructure and medical device cybersecurity are driving a 16.1% annual growth rate.
The healthcare technology management (HTM) market is projected to more than double in size over five years, growing from $24.4 billion in 2025 to $51.52 billion by 2030, according to a report from The Business Research Company. The forecast represents a compound annual growth rate of 16.1%.
Factors contributing to this expansion include the increasing deployment of medical equipment in hospitals, rising complexity of technology maintenance, and the expansion of acute care facilities.
Infrastructure and Cybersecurity Drive Growth
Investments in digital hospital infrastructure are playing a central role in market growth, as facilities allocate budgets toward advanced systems to improve operational efficiency. Additionally, the demand for interoperable healthcare systems is rising to streamline workflows and reduce errors across diverse technologies.
The report also highlights a greater emphasis on cybersecurity for medical devices and stricter regulatory oversight as significant market drivers. Data-driven maintenance strategies and scheduled maintenance practices are also becoming standard across the industry.
Automation, Market Consolidation, and Key Players
Emerging trends in the HTM sector include the adoption of integrated software platforms, predictive maintenance, and enhanced asset lifecycle management solutions. Industry leaders are increasingly utilizing automated management solutions to reduce manual labor. Strategic acquisitions are also shaping the competitive landscape.
The report identifies a mix of HTM service providers, medical equipment manufacturers, software companies, and other industry players operating in the market. Among them are Trimedx, InterMed Group, Renovo Solutions, GE HealthCare, Philips, Siemens Healthineers, Asimily, DirectMed Imaging, Innovatus Imaging, Conquest Imaging, and Tech Knowledge Associates.
Regional Outlook
While North America currently holds the largest share of the HTM market, the Asia-Pacific region is expected to be the fastest-growing market through 2030. This acceleration is attributed to evolving healthcare infrastructure and rapid technology adoption in the region.
The market remains segmented by service type, including maintenance and repair, capital planning, labor management, and supply chain procurement. Facility types driving demand include acute care, post-acute care, and non-acute care facilities.
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