Healthcare Computerized Maintenance Management System Market Expected To Witness A Substantial Growth Of $494.9 Million By 2030: Grand View Research Inc.

 

San Francisco, 26 September 2023: The Report Healthcare Computerized Maintenance Management System Market Size, Share & Trends Analysis Report By End-use (Hospitals, Clinics), By Application, By Deployment Mode, By Region, And Segment Forecasts, 2023 - 2030

The global healthcare computerized maintenance management system market size is expected to reach USD 494.9 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 11.25% from 2023 to 2030. The increasing complexity of healthcare systems, regulatory compliance requirements, and emphasis on preventive maintenance have all contributed to the rising demand for CMMS solutions. The healthcare industry is becoming more complex with a wide range of medical equipment, devices, and systems. CMMS solutions help healthcare organizations effectively manage and maintain their equipment, ensure regulatory compliance, reduce downtime, optimize costs, and enhance operational efficiency.

As the healthcare industry continues to evolve and prioritize efficiency and patient care, the adoption of CMMS systems is expected to grow significantly. Hospitals are the primary users of CMMS solutions. Furthermore, diagnostic centers, including radiology and imaging centers, utilize CMMS solutions to manage and maintain their specialized equipment, such as MRI machines, CT scanners, and X-ray machines. Owing to the benefits offered by CMMS software, their adoption in hospitals and other facilities is increasing. The growing number of small independent healthcare facilities with the same accreditation requirements as large-scale hospitals is boosting market growth.

The COVID-19 pandemic has had a significant impact on the market. It has highlighted the importance of efficient maintenance management in healthcare facilities to ensure the reliable functioning of critical equipment. This has led to an increased demand for CMMS solutions as healthcare providers prioritize maintenance and safety protocols. In the coming years, the incorporation of AI into CMMSto take key decisions, such as resource allocation, scheduling maintenance, and illustration impact on business, is expected to create new growth opportunities for the market.

Increasing focus on preventive maintenance of medical equipment and reducing downtime is driving market growth. Moreover, changing government regulations and the need to maintain high standards during audits are boosting the adoption of CMMS in hospitals and other facilities. Technological advancements, such as Artificial Intelligence(AI), and improving health infrastructure are favoring market growth. Healthcare facilities heavily rely on medical equipment to provide quality patient care. CMMS software helps ensure the reliability and uptime of critical equipment by facilitating preventive maintenance scheduling, tracking maintenance history, and automating maintenance workflows.

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Healthcare Computerized Maintenance Management System Market Report Highlights

• Based on deployment mode, the web & cloud-based segment dominated the market in 2022 owing to cost-effectiveness and enhanced operational efficiency offered to healthcare facilities
• The preventive maintenance application segment held the maximum market share in 2022 due to its ability to maximize equipment lifespan and prevent downtime, which helps hospitals to improve their turnaround time hassle-free
• The hospital end-use segment held the maximum revenue share in 2022 due to its emphasis on patient safety and scalability requirements, which can easily be managed by CMMS
• North America dominated the global market in 2022 primarily due to the strategic presence of major players, advanced healthcare infrastructure, and high adoption of CMMS
• Asia Pacific is expected to witness a lucrative growth rate from 2023 to 2030 owing to an increasing number of hospitals and diagnostic centers with advanced equipment and an emphasis on preventive maintenance

Owing to such incidents the demand for CMMS in healthcare has surged in recent years since a modern computerized maintenance management system can protect medical devices from vulnerable attacks through the internet. Nowadays, the cloud-based CMMS comes equipped with mobile-based apps to eliminate paperwork and allows technicians to access all their tasks in real-time by receiving instant notifications. For instance, Hippo CMMS mobile app provides accessibility from anywhere even without an internet connection, thus increasing functionality and performance. The COVID-19 pandemic significantly impacted the market.

Healthcare Computerized Maintenance Management System Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 234.7 million
Revenue forecast in 2030	USD 494.9 million
Growth rate	CAGR of 11.25% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 - 2021
Forecast period	2023 - 2030

List of Key Players in the Healthcare Computerized Maintenance Management System Market

• Accruent
• IBM
• Fluke Corp.
• Ultimo Software Solutions
• Hippo CMMS
• MPulse Software, Inc.
• Limble CMMS
• Facilio.Inc
• Information Professionals, Inc.
• CloudApper
• Lean Transition Solutions
• FSI LLC