According to FutureWise analysis the market for healthcare technology management in 2023 is US$ 7.98 billion, and is expected to reach US$ 25 billion by 2031 at a CAGR of 15.34%.
All activities and actions required to carry out a safe, appropriate, and cost-effective use of technology in health organisations are referred to as "health technology management." Many aspects of medical instrument management and related processes have changed as a result of technological innovation in order to achieve the main goals of a health technology manager, such as acquisition, maintenance planning, and replacement of medical devices in a specific environment where service continuity, privacy, reliability, and safety are essential. The most significant developments are the integration of many technologies into a single device, the rising presence of software (standalone or not), the resulting increase in technological complexity, and new device issues such as usability, system alarm, and software validation. The lack of norms in medical systems results in a deterioration in health-care quality and safety: testing and maintenance are carried out according to the specific demand in specific health contexts without the use of common techniques or procedures that are essential for benchmarking. Medical software administration remains a vital point for health institutions, even if some generic principles are being developed. Maintenance planning, technical assistance agreements, training courses, quality controls, and replacement are all things that technology management must address. As an appropriate response to the needs of clinical procedures, all of these components must be addressed by specific studies (failures and failure modes analysis, Health Technology Assessment, usability).
FutureWise Market Research has instantiated a report that provides an intricate analysis of Healthcare Technology Management Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Healthcare Technology Management Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.