Blockchain Press Releases
US Healthcare Technology Management Market worth $17.3 billion | MarketsandMarkets
CHICAGO, Aug. 11, 2023 /PRNewswire/ — In the near future, the US healthcare technology management industry is poised for a transformative evolution driven by cutting-edge innovations. The convergence of artificial intelligence, telemedicine, data analytics, and interconnected medical devices will revolutionize patient care, operational efficiency, and decision-making processes. Advanced remote monitoring systems will enable real-time health tracking, leading to personalized treatment plans and early intervention. AI-driven diagnostic tools will enhance accuracy and speed of medical assessments, while virtual reality and augmented reality applications will revolutionize medical training and patient education. However, alongside these advancements, the industry will also grapple with challenges related to data security, regulatory compliance, and equitable access to technology-driven healthcare solutions.
US Healthcare Technology Management Market in terms of revenue was estimated to be worth $8.4 billion in 2023 and is poised to reach $17.3 billion by 2028, growing at a CAGR of 15.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. A growing emphasis on preventative maintenance of medical equipment and the need for better asset management in hospitals are two factors driving market growth. The advantages that ISOs provide and the growing demand for data security further support this market’s growth. The US Healthcare Technology Management Market is further segmented based on the type of services and by facility type.
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Browse in-depth TOC on “US Healthcare Technology Management Market”
25 – Tables
26 – Figures
110 – Pages
US Healthcare Technology Management Market Scope:
|
Report Coverage |
Details |
|
Market Revenue in 2023 |
$8.4 billion |
|
Estimated Value by 2028 |
$17.3 billion |
|
Growth Rate |
Poised to grow at a CAGR of 15.6% |
|
Market Size Available for |
2021–2028 |
|
Forecast Period |
2023–2028 |
|
Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Type of Service and Facility type |
|
Geographies Covered |
US |
|
Report Highlights |
Updated financial information / product portfolio of players |
|
Key Market Opportunities |
Increasing consolidation in the US healthcare industry |
|
Key Market Drivers |
Rising focus on preventive medical equipment maintenance |
“The maintenance & repair segment accounted for the largest share of the market.”
Based on the type of service, the healthcare technology management market is segmented into maintenance & repair, integrated software platform, cyber security, labor management, capital planning, supply chain (procurement), and quality & regulatory compliance. The maintenance & repair segment accounted for the largest share of 35.9% of the US healthcare technology management market in 2022. Drive for better patient safety is impacting the growth of this, the increasing use of innovative medical supplies and technologies across a range of healthcare facilities, and government initiatives that support the use of imaging systems.
“Acute care facilities accounted for the largest share of the US healthcare technology management market in 2022.”
Based on facility types, the US healthcare technology management market is segmented into acute care, non-acute care, and post-acute care facilities. Acute care facilities are expected to grow at the highest CAGR during the forecast period. The significant market share and rapid growth of the acute care facilities segment can be largely attributed to elements like the general rise in patient volumes, the demand for better clinical asset management, and the need to raise patient care standards, all of which are driving up demand for healthcare technology management services.
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US Healthcare Technology Management Market Dynamics:
Drivers:
- Rising focus on preventive medical equipment maintenance
Restraints:
- Dearth Of Skilled Technicians and Clinical/Biomedical Engineers
Opportunities:
- Increasing consolidation in the US healthcare industry
Challenges:
- Preference for multi-vendor contracts
Key Market Players:
Prominent players in the US healthcare technology management market are GE Healthcare (US), TRIMEDX (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Sodexo (France), Crothall Healthcare (US), Agility Inc (US), RENOVO Solutions (US), ABM Industries Incorporated (US), JANNX Medical System (US) and the InterMed Group (US).
Recent Developments:
- In 2023, RENOVO Solutions (US) partnered with Censinet (US). The partnership will work toward reducing the cybersecurity risk of medical devices and healthcare Internet-of-Things (IoT). Renovo will offer Censinet RiskOps, the cloud-based risk exchange that enables total automation of third-party risk management through RENOVOSecure.
- In 2022, Orale (US) launched Oracle Fusion Cloud Enterprise Performance Management (EPM) solution that allows healthcare organizations to quickly model scenarios, optimize resources, determine future demand, and make better financial, workforce, and patient care decisions.
- In 2022, Siemens Healthineers (Germany) launched Technology Optimization. Technology Optimization Partnerships are a strategic approach to multivendor service that leverages connected solutions to help hospitals and health systems make data-driven decisions, enhance financial performance, and improve equipment utilization across the enterprise.
- In 2021, Sodexo (France) launched a unique global brand, “Sodexo Live,” to unify and leverage all of the Group’s expertise across the world in sectors of sports events and hospitality.
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US Healthcare Technology Management Market Advantages:
- Enhanced Patient Care: Integration of advanced technologies improves diagnosis accuracy, treatment personalization, and real-time health monitoring, leading to better patient outcomes and overall healthcare quality.
- Operational Efficiency: Healthcare technology management solutions optimize processes, reducing administrative burdens, minimizing errors, and resulting in cost savings and resource allocation improvements.
- Data-Driven Decision Making: Emphasis on data analytics and interoperability enables evidence-based decisions for individual patients and population health management, enhancing the effectiveness of healthcare delivery.
- Innovation Ecosystem: Robust research and development environment fosters continuous advancements, ensuring the US remains a leader in healthcare innovation and technology adoption.
- Telemedicine Accessibility: Telemedicine and remote patient monitoring technologies improve access to healthcare services, especially for remote and underserved areas, promoting inclusivity and equitable healthcare delivery.
- Medical Training Advancements: Technology-driven medical training, such as virtual reality and augmented reality applications, enhances the skills and capabilities of healthcare professionals, leading to improved patient care.
- Efficient Resource Allocation: Automation and technology management tools assist in optimizing resource allocation, enabling healthcare providers to efficiently manage equipment, personnel, and facilities.
- Patient Engagement: Digital health solutions empower patients to take an active role in their health management through remote monitoring, mobile apps, and online health portals, leading to better engagement and adherence to treatment plans.
- Regulatory Compliance: Technology management systems help healthcare facilities maintain compliance with evolving regulations and standards, ensuring patient safety and data security.
- Continuous Improvement: Continuous monitoring and maintenance of medical devices and systems ensure their proper functioning, reducing downtime and ensuring a consistent level of patient care.
- Cost-Effectiveness: Well-managed healthcare technology reduces unnecessary expenditures by identifying maintenance needs and preventing equipment breakdowns, contributing to cost-effectiveness.
- Interconnectivity: Integration of medical devices and systems allows for seamless data sharing, enabling a comprehensive view of patient health and enabling healthcare professionals to make informed decisions.
- Precision Medicine: Healthcare technology supports the implementation of precision medicine approaches, tailoring treatments to individual patients based on their genetic, environmental, and lifestyle factors.
- Evolving Patient-Provider Relationship: Technology-driven communication tools enable secure and efficient patient-provider interactions, improving communication and strengthening the patient-provider relationship.
- Global Competitiveness: Advancements in healthcare technology management bolster the global competitiveness of the US healthcare system, attracting international collaborations and investments.
These advantages collectively contribute to the growth, effectiveness, and sustainability of the US Healthcare Technology Management market.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
[email protected]
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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