According to the research report titled ‘Global Healthcare Technology Management Market Size study, byType of Service (Maintenance & Repair, Capital Planning, Integrated Software Platform, Labor Management, Supply Chain (Procurement), Cyber Security, Quality & Regulatory Compliance ), by Facility Type ( Acute care facility, Post Acute Care Facility, Non Acute care Facility) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global healthcare technology management market was valued at USD 326 billion in the year 2021 and is estimated to reach USD 1168 billion by the end of 2028, growing at a CAGR of 20% during the forecast period.

The development of global healthcare technology management industry can be accredited to the importance placed on the preventative upkeep of medical equipment, focus on optimum asset management in hospitals, as well as the burgeoning demand for data protection.

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Moreover, the growing pressure on healthcare providers in countries like United States to efficiently manage current medical devices, employees, and beds in healthcare facilities has compelled them to incorporate appropriate healthcare technology management solution.

Besides, most healthcare organizations spend a significant amount of money and time looking for hospital equipment leading to key players making strategic collaborations to improve their revenues, which is further bolstering the progress of the business sphere.

However, lack of skilled professionals and clinical or biomedical engineers is likely to create a dent in the growth of the market during the review period.

The document categorizes global healthcare technology management market into multiple verticals to provide stakeholders with a comprehensive view of the major segments for investment.

Based on type of service, the market is split into quality & regulatory compliance, maintenance & repair, cyber security, capital planning, supply chain (procurement), integrated software platform, and labor management. In terms of facility type, the industry is divided into post-acute care facility, acute care facility, and non-acute care facility.

From a regional standpoint, North America market is slated to observe significant growth during the assessment timeline, owing to the widespread adoption of such technologies, statutory compliance for patient care, and the increasing prevalence of healthcare IT firms in the region.

The notable companies amplifying the competitive scope of worldwide healthcare technology management industry are JANNX Medical Systems, GE Healthcare Systems, ABM Industries Inc., Trimedx Pvt Ltd., Renovo Solutions, Siemens Healthineers AG, Agility Inc., Koninklijke Philips N.V., Crothall Healthcare Inc., and Sodexo Group among others.