Healthcare Computerized Maintenance Management System (CMMS) Market to Grow at a Remarkable 12% CAGR, Reaching US$0.5 Billion by 2030
The global healthcare computerized maintenance management system (CMMS) market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 12% from 2023 to 2030. By the end of the decade, the market is expected to reach a value of approximately US$0.5 billion. This remarkable growth is attributed to various factors, including a heightened focus on preventive medical equipment maintenance, evolving government regulations, and the imperative need to uphold rigorous standards during audits in healthcare facilities.
- Efficient Maintenance Management: Healthcare facilities are increasingly recognizing the importance of streamlined maintenance processes to ensure smooth operations, reduce equipment downtime, and optimize resource utilization. CMMS solutions are seen as essential tools in achieving these objectives.
- Regulatory Compliance: Stringent regulatory standards within the healthcare sector necessitate the maintenance of comprehensive maintenance records and audit-ready reports. CMMS systems enable healthcare organizations to adhere to these requirements, enhancing patient safety and avoiding legal liabilities.
- Swift Developments in Healthcare Infrastructure: The global expansion and modernization of healthcare infrastructure have led to greater complexity in managing medical assets. CMMS solutions offer a centralized platform to efficiently manage maintenance tasks, minimize downtime, and enhance patient care, ultimately reducing operational costs.
- Web & Cloud-Based Solutions Dominate: Web & cloud-based CMMS solutions hold the largest market share due to their flexibility, accessibility, cost-effectiveness, and robust data security measures. They enable remote management of maintenance tasks, making them particularly appealing to large healthcare organizations with multiple facilities.
- Preventive Maintenance Applications Lead: Preventive maintenance applications within CMMS systems have captured the largest market share. They are vital in ensuring the reliable functioning of critical medical equipment and facilities, complying with regulations, and optimizing cost-efficiency by proactively addressing maintenance needs.
- North America Dominates: North America maintains its dominance in the healthcare CMMS market, driven by its advanced healthcare infrastructure, early adoption of CMMS solutions, and a tech-savvy approach to healthcare management. The region boasts a competitive landscape with a wide range of CMMS solutions tailored to meet specific regulatory requirements.
- Asia Pacific Shows Rapid Growth: Asia Pacific is experiencing the fastest growth in the healthcare CMMS market. The region’s expanding healthcare industry, adoption of digital solutions and IoT-enabled devices, and growing awareness of preventive maintenance and regulatory compliance are driving CMMS adoption.
Prominent players in the healthcare CMMS market include IBM Corporation, Accruent, Fluke Corp., Facilio Inc., Hippo CMMS, MPulse Software Inc., Cegid Group, Limble CMMS, Ultimo Software Solution, Information Professionals Inc., FSI LLC, and Lean Transition Solutions.
The healthcare CMMS market is poised for substantial growth driven by the increasing demand for efficient maintenance management, regulatory compliance, and swift developments in healthcare infrastructure. Web & cloud-based solutions, as well as preventive maintenance applications, are leading the way. North America maintains its dominance, while Asia Pacific is experiencing rapid growth. As healthcare facilities continue to recognize the value of CMMS solutions in enhancing patient care and operational efficiency, the market is set for continuous innovation and expansion in the coming years.
Global Healthcare Computerized Maintenance Management System Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 – (By Deployment Mode Coverage, By Application Coverage, By End User Coverage, By Geographic Coverage and By Company) https://www.fairfieldmarketresearch.com/report/healthcare-computerized-maintenance-management-system-market
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This press release first seen on Brilad