Growth reflects increasing reliance on connected medical devices, lifecycle management, and data-driven service models.
The global healthcare technology management (HTM) market is projected to grow from $34.4 billion in 2025 to $146.1 billion by 2035, according to a report from SNS Insider, reflecting a compound annual growth rate of 15.56%.
The growth is tied to the increasing complexity of medical devices, expanded use of digital health technologies, and a greater focus on managing equipment across its full lifecycle in healthcare settings.
Adoption of technologies such as IoT, AI, telemedicine, and data analytics is changing how equipment is monitored and maintained. Real-time monitoring and predictive maintenance tools are being used to reduce downtime and improve operational efficiency.
Rising healthcare costs, an aging population, and higher rates of chronic disease are also contributing to demand for more structured approaches to managing medical technology, according to the report.
Shift Toward Software, Analytics, and Lifecycle Management
Medical equipment accounted for the largest share of the HTM market by component type in 2025, representing about 50%, driven by the need to maintain high-value assets. Software solutions are expected to grow at a faster rate, supported by increased use of analytics, cloud-based platforms, and predictive maintenance tools.
IoT-enabled devices made up the largest share by technology, while AI and predictive analytics are projected to see the fastest growth. Equipment monitoring and maintenance remained the dominant application area, though asset lifecycle management is expected to expand as healthcare organizations look to control costs and extend equipment life.
Hospitals and clinics accounted for the majority of end users, reflecting the scale and complexity of their equipment inventories, while ambulatory and surgical centers are expected to grow as they adopt more cloud-based management tools.
US Market and Regional Trends
In the United States, the HTM market is projected to grow from approximately $8.4 billion in 2025 to $17.3 billion by 2035. North America held the largest share globally, supported by high healthcare spending and continued investment in digital health technologies, according to the report.
The Asia-Pacific region is expected to see the fastest growth, driven by expanding healthcare infrastructure and increased adoption of connected devices and analytics platforms.
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