Healthcare Technology Management Global Market Report 2022: Ukraine-Russia War Impact

Major players in the healthcare technology management market are GE Healthcare, Sodexo, Siemens Healthcare GmbH, TRIMEDX, Koninklijke Philips NV, Crothall Healthcare Inc, Renovo Solutions, ABM Industries Inc, Jannx Medical Systems Inc, Welldoc Inc, Agility Inc, InterMed Group, Eli Lilly and Company, Allscripts Healthcare Solutions Inc, and Athenahealth Inc.

The global healthcare technology management market is expected to grow from $13.70 billion in 2021 to $15.69 billion in 2022 at a compound annual growth rate (CAGR) of 14.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The healthcare technology management market is expected to reach $25.78 billion in 2026 at a CAGR of 13.2%.

The healthcare technology management market consists of sales of healthcare technology management services by entities (organizations, sole traders, and partnerships) that are used to improve patient care and monitoring through remote locations.Healthcare technology management refers to the organized process of preparing and managing healthcare technology applications and software that help to provide optimum patient care in hospitals and clinics at a low cost.

This technology helps to enhance surgical outcomes and maintain patent data security.

The main types of services in the healthcare technology management market are maintenance and repair, capital planning, integrated software platform, labor management, supply chain (procurement), cyber security, quality & regulatory compliance.The maintenance and repair services in healthcare technology management are used to maintain the working operation of various equipment used in hospitals, repair them, and improve the capacity shelf life of machines.

Maintenance and repair refers to improvements in the capacity of machines. The various types of facilities include acute care facilities, post-acute care facilities, and non-acute care facilities.

North America was the largest region in the healthcare technology management market in 2021. The regions covered in the healthcare technology management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising need for data security is expected to propel the healthcare technology management market going forward.Data security is the process of protecting data from unauthorized access and data corruption.

The need for data security is increasing due to the rising activities of hackers who steal patient data to commit fraud.Healthcare technology management helps to protect the data from hacking, with the help of production and operations management techniques, which helps to identify the fish mail and report it directly to the user.

For instance, according to a report published by Forbes, a US-based business magazine, in January 2022, cyber-attacks increased to 71% in the healthcare sector in 2021. In addition, in July 2021, International Business Machines Corporation, a US-based technology company, the healthcare data breach cost increased to $9.4 million in 2021 which was $2 million in 2020, there is an increase of $4.24 million in 2021. Therefore, the need for data security is driving the growth of the healthcare technology market.

Technological advancements are a key trend gaining popularity in the healthcare technology management market.Major companies operating in the market are focusing on developing innovative technologies to sustain their position in the market.

For instance, in March 2022, TRIMEDX, a US-based company that provides clinical engineering, medical device cyber security, and clinical asset management solutions, launched the RUDR Score, an AI-based technology that helps in objective decision-making around clinical asset replacement.It also contains advanced benchmarking of client data.

Its sophisticated cloud-based technology makes it simple to store more data in one location and make it accessible. The system also benefits by maintaining cyber security, enhancing patient safety, and maintaining the efficiency of medical equipment.

In February 2022, Sodexo, a France-based technology management company, acquired hai TOPMED Information Technology Co.Ltd for an undisclosed amount.

This acquisition helped Sodexo to expand its healthcare technology management service and product reach in the Chinese market.Shanghai TOPMED Information Technology Co.

Ltd is a China-based technology company specializing in healthcare maintenance and management.

The countries covered in the healthcare technology management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The healthcare technology management market research report is one of a series of new reports that provides healthcare technology management market statistics, including healthcare technology management industry global market size, regional shares, competitors with a healthcare technology management market share, detailed healthcare technology management market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare technology management industry. This healthcare technology management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.