The North America Healthcare Technology Management Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
Emerging computer-assisted coding systems that encourage and support collaboration between the coding industry and doctors are broadening coders' capacity to include more providers, hence enhancing the value coders can provide to medical groups. Healthcare technology that allows coders and physicians to collaborate and communicate more easily opens up new possibilities for more comprehensive diagnostic testing and fewer administrative obstacles for both coders and providers.
Every aspect of the healthcare experience is being enhanced with the use of technology. Natural language processing (NLP) and healthcare machine learning are examples of artificial intelligence in healthcare that are assisting administrative teams in streamlining patient workflows. Everyone's email contained over 90% spam and only a small proportion of relevant messages, developing trust in the process rapidly. Due to various modern technology, the best NLP software for healthcare can now discover a cash equivalent between false detection, culminating in well over 90% accurate suspects. When the advice is supplied with better than 90% certainty, coders and physicians are more likely to trust the conclusions that NLP suggests.
Healthcare providers are currently looking for ways to streamline their operations, particularly in terms of planning and healthcare billing for virtual care. For the purpose of patient privacy, providers require greater and more advanced cybersecurity safeguards and encryption as the use, transmission, and availability of digital health information grows. Platforms that interface with Prescribe IT, Canada's national e-prescription system, might be a lucrative market.
The advancement of chronic illnesses and an ageing population are driving up demand in Canada's healthcare industry. Total healthcare expenditures in 2018 was estimated to be over CDN$255 billion, up 4.2 percent from the previous year. Government healthcare spending accounts for more than a quarter of Canada's GDP. The three biggest causes of death, cardiovascular, cancer, and respiratory disorders, will receive the majority of this funding. The public sector pays for healthcare services, while the private sector provides these services in Canada's hybrid public-private healthcare system. Each province and territory in Canada is responsible for its healthcare system. As a result, the structure, operation, and procurement of healthcare varied per province.
The US market dominated the North America Healthcare Technology Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14,247.6 million by 2028. The Canada market is experiencing a CAGR of 9.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 12% during (2022 - 2028).
Based on Type of Services, the market is segmented into Maintenance & Repair, Integrated Software Platform, Cyber Security, Capital Planning, Quality & Regulatory Compliance, Labor Management, and Supply Chain (Procurement). Based on Facility Type, the market is segmented into Acute care facility, Post-Acute Care Facility, and Non-Acute care Facility. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Healthcare Technology Management Market is Estimated to reach $53.3 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., ABM Industries, Inc., Siemens Healthineers AG, Koninklijke Philips N.V., Sodexo S.A., Crothall Healthcare, Inc., TriMedx, LLC, Agility, Inc., Renovo Solutions, and JANNX Medical Systems, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Type of Services
- Maintenance & Repair
- Integrated Software Platform
- Cyber Security
- Capital Planning
- Quality & Regulatory Compliance
- Labor Management
- Supply Chain (Procurement)
By Facility Type
- Acute care facility
- Post-Acute Care Facility
- Non-Acute care Facility
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co.
- ABM Industries, Inc.
- Siemens Healthineers AG
- Koninklijke Philips N.V.
- Sodexo S.A.
- Crothall Healthcare, Inc.
- TriMedx, LLC
- Agility, Inc.
- Renovo Solutions
- JANNX Medical Systems, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Healthcare Technology Management Market, by Type of Services
1.4.2 North America Healthcare Technology Management Market, by Facility Type
1.4.3 North America Healthcare Technology Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jun – 2022, Apr) Leading Players
Chapter 4. North America Healthcare Technology Management Market by Type of Services
4.1 North America Maintenance & Repair Market by Country
4.2 North America Integrated Software Platform Market by Country
4.3 North America Cyber Security Market by Country
4.4 North America Capital Planning Market by Country
4.5 North America Quality & Regulatory Compliance Market by Country
4.6 North America Labor Management Market by Country
4.7 North America Supply Chain (Procurement) Market by Country
Chapter 5. North America Healthcare Technology Management Market by Facility Type
5.1 North America Acute care facility Market by Country
5.2 North America Post Acute Care Facility Market by Country
5.3 North America Non Acute care Facility Market by Country
Chapter 6. North America Healthcare Technology Management Market by Country
6.1 US Healthcare Technology Management Market
6.1.1 US Healthcare Technology Management Market by Type of Services
6.1.2 US Healthcare Technology Management Market by Facility Type
6.2 Canada Healthcare Technology Management Market
6.2.1 Canada Healthcare Technology Management Market by Type of Services
6.2.2 Canada Healthcare Technology Management Market by Facility Type
6.3 Mexico Healthcare Technology Management Market
6.3.1 Mexico Healthcare Technology Management Market by Type of Services
6.3.2 Mexico Healthcare Technology Management Market by Facility Type
6.4 Rest of North America Healthcare Technology Management Market
6.4.1 Rest of North America Healthcare Technology Management Market by Type of Services
6.4.2 Rest of North America Healthcare Technology Management Market by Facility Type
Chapter 7. Company Profiles
7.1 General Electric (GE) Co. (GE Healthcare)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.2 ABM Industries, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Recent strategies and developments:
7.2.4.1 Acquisition and Mergers:
7.3 Siemens Healthineers AG (Siemens AG)
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.4 Koninklijke Philips N.V.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Acquisition and Mergers:
7.5 Sodexo S.A.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Partnerships, Collaborations, and Agreements:
7.5.4.2 Acquisition and Mergers:
7.6 Crothall Healthcare, Inc. (Compass Group)
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Recent strategies and developments:
7.6.4.1 Partnerships, Collaborations, and Agreements:
7.6.4.2 Product Launches and Product Expansions:
7.6.4.3 Acquisition and Mergers:
7.7 TriMedx, LLC
7.7.1 Company Overview
7.7.2 Recent strategies and developments:
7.7.2.1 Partnerships, Collaborations, and Agreements:
7.7.2.2 Product Launches and Product Expansions:
7.7.2.3 Acquisition and Mergers:
7.8 Agility, Inc.
7.8.1 Company Overview
7.9 Renovo Solutions
7.9.1 Company Overview
7.10. JANNX Medical Systems, Inc.
7.10.1 Company Overview
TABLE 1 North America Healthcare Technology Management Market, 2018 - 2021, USD Million
TABLE 2 North America Healthcare Technology Management Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Healthcare Technology Management Market
TABLE 4 Product Launches And Product Expansions – Healthcare Technology Management Market
TABLE 5 Acquisition and Mergers – Healthcare Technology Management Market
TABLE 6 North America Healthcare Technology Management Market by Type of Services, 2018 - 2021, USD Million
TABLE 7 North America Healthcare Technology Management Market by Type of Services, 2022 - 2028, USD Million
TABLE 8 North America Maintenance & Repair Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Maintenance & Repair Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Integrated Software Platform Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Integrated Software Platform Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Cyber Security Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Cyber Security Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Capital Planning Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Capital Planning Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Quality & Regulatory Compliance Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Quality & Regulatory Compliance Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Labor Management Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Labor Management Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Supply Chain (Procurement) Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Supply Chain (Procurement) Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Healthcare Technology Management Market by Facility Type, 2018 - 2021, USD Million
TABLE 23 North America Healthcare Technology Management Market by Facility Type, 2022 - 2028, USD Million
TABLE 24 North America Acute care facility Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Acute care facility Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Post Acute Care Facility Market by Country, 2018 - 2021, USD Million
TABLE 27 North America Post Acute Care Facility Market by Country, 2022 - 2028, USD Million
TABLE 28 North America Non Acute care Facility Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Non Acute care Facility Market by Country, 2022 - 2028, USD Million
TABLE 30 North America Healthcare Technology Management Market by Country, 2018 - 2021, USD Million
TABLE 31 North America Healthcare Technology Management Market by Country, 2022 - 2028, USD Million
TABLE 32 US Healthcare Technology Management Market, 2018 - 2021, USD Million
TABLE 33 US Healthcare Technology Management Market, 2022 - 2028, USD Million
TABLE 34 US Healthcare Technology Management Market by Type of Services, 2018 - 2021, USD Million
TABLE 35 US Healthcare Technology Management Market by Type of Services, 2022 - 2028, USD Million
TABLE 36 US Healthcare Technology Management Market by Facility Type, 2018 - 2021, USD Million
TABLE 37 US Healthcare Technology Management Market by Facility Type, 2022 - 2028, USD Million
TABLE 38 Canada Healthcare Technology Management Market, 2018 - 2021, USD Million
TABLE 39 Canada Healthcare Technology Management Market, 2022 - 2028, USD Million
TABLE 40 Canada Healthcare Technology Management Market by Type of Services, 2018 - 2021, USD Million
TABLE 41 Canada Healthcare Technology Management Market by Type of Services, 2022 - 2028, USD Million
TABLE 42 Canada Healthcare Technology Management Market by Facility Type, 2018 - 2021, USD Million
TABLE 43 Canada Healthcare Technology Management Market by Facility Type, 2022 - 2028, USD Million
TABLE 44 Mexico Healthcare Technology Management Market, 2018 - 2021, USD Million
TABLE 45 Mexico Healthcare Technology Management Market, 2022 - 2028, USD Million
TABLE 46 Mexico Healthcare Technology Management Market by Type of Services, 2018 - 2021, USD Million
TABLE 47 Mexico Healthcare Technology Management Market by Type of Services, 2022 - 2028, USD Million
TABLE 48 Mexico Healthcare Technology Management Market by Facility Type, 2018 - 2021, USD Million
TABLE 49 Mexico Healthcare Technology Management Market by Facility Type, 2022 - 2028, USD Million
TABLE 50 Rest of North America Healthcare Technology Management Market, 2018 - 2021, USD Million
TABLE 51 Rest of North America Healthcare Technology Management Market, 2022 - 2028, USD Million
TABLE 52 Rest of North America Healthcare Technology Management Market by Type of Services, 2018 - 2021, USD Million
TABLE 53 Rest of North America Healthcare Technology Management Market by Type of Services, 2022 - 2028, USD Million
TABLE 54 Rest of North America Healthcare Technology Management Market by Facility Type, 2018 - 2021, USD Million
TABLE 55 Rest of North America Healthcare Technology Management Market by Facility Type, 2022 - 2028, USD Million
TABLE 56 Key Information – General Electric (GE) Co.
TABLE 57 Key Information – ABM Industries, Inc.
TABLE 58 Key Information – Siemens Healthineers AG
TABLE 59 Key Information – Koninklijke Philips N.V.
TABLE 60 key Information – Sodexo S.A.
TABLE 61 Key Information – Crothall Healthcare, Inc.
TABLE 62 Key Information – TriMedx, LLC
TABLE 63 Key Information – Agility, Inc.
TABLE 64 Key Information – Renovo Solutions
TABLE 65 Key Information – JANNX Medical Systems, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jun – 2022, Apr) Leading Players
FIG 5 Recent strategies and developments: General Electric (GE) Co.
FIG 6 Recent strategies and developments: Sodexo S.A.
FIG 7 Recent strategies and developments: Crothall Healthcare, Inc.
FIG 8 Recent strategies and developments: TriMedx, LLC