The global healthcare computerized maintenance management system market size was estimated to be USD 1.36 billion in 2023 and is expected to reach at USD 4.1 billion by 2033 with a CAGR of 10.48% during the forecast period 2023-2033. Growing focus on preventive maintenance of medical equipment & reducing downtime, increasing need to maintain high standards during audits, surge in adoption of CMMS in hospitals & other facilities, changing government regulations, growing health infrastructure, and rising launch of technologically advanced AI-based CMMS software are some of the key factors boosting the market growth.
Rising launch of technologically advanced AI-based CMMS software is predicted to boost the market growth during the forecast period. For instance, in March 2020, The redPILOT Computerized Maintenance Management System (CMMS) has been made available in the North American market by KNAPP. This software utilizes big data, predictive modeling, analytics, IoT technology, and Artificial Intelligence (AI) to provide valuable insights to supply chain managers and leaders. The software can be integrated as an additional module to the redPILOT Control Tower application or used independently as a separate application.
By Deployment Mode, Web & cloud-based was the highest revenue-grossing segment in the global healthcare computerized maintenance management system market in 2022 owing to its flexibility, scalability, and remote accessibility, growing need for on-premises infrastructure, increasing demand of automatic software for the latest features and security patches, and rising healthcare infrastructure. Additionally, on-premises is predicted to grow at fastest CAGR during the forecast period owing to its performance and connectivity and rising demand for the CMMS software which is accessible locally, without dependence on internet connectivity. For instance, in February 2023, Accruent has unveiled MC Kinetic, a new mobile CMMS application that operates offline. This innovative tool enhances the remote capabilities of the Maintenance Connection CMMS, enabling maintenance teams to efficiently carry out work orders even without internet connectivity. This feature eliminates the risk of connectivity issues, breaks down communication barriers, and optimizes the agility of mobile maintenance operations.
By Application, Preventive Maintenance was the highest revenue-grossing segment in the global healthcare computerized maintenance management system market in 2022 owing to rising focus on preventive maintenance of medical equipment. Additionally, inventory management application is predicted to grow at fastest CAGR during the forecast period owing to the rising demand for necessary supplies, medicines, & substitution parts for medical equipment in the hospitals and increasing focus on development of computerized maintenance management systems. For instance, in November 2021, Facilio Inc. has introduced a connected CMMS solution aimed at assisting enterprises in streamlining operations, minimizing costs, and adapting to the ever-changing demands of customers. This solution aims to simplify processes and enable organizations to effectively manage their operations while meeting the evolving needs of their clientele.
By End-user, Hospitals was the highest revenue-grossing segment in the global healthcare computerized maintenance management system market in 2022 owing to the increasing healthcare infrastructure, and rising launch of new CMMS software. For instance, in May 2022, EQ2, a software provider specializing in CMMS for hospitals, has unveiled new additions to their Hospital Equipment Management System (HEMS) CMMS product lineup. These new products expand the company's offerings and provide enhanced capabilities for effectively managing hospital equipment. Additionally, diagnostic laboratories is predicted to grow at fastest CAGR during the forecast period owing to the rising adoption of CMMS software’s due to presence of complex equipment including MRI, CT machines, cell counts, and analyzers.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising presence of key market players, growing healthcare infrastructure, increasing emphasis on patient safety & quality of care, surge in demand for CMMS solutions, and rising initiatives such as mergers & acquisitions by key market players. For instance, in January 2021, An AI-powered CMMS firm called Fiix Inc. has been bought by Rockwell Automation Inc., a business that specializes in industrial automation and digital transformation. This acquisition aims to strengthen Rockwell Automation's software strategy and improve their lifecycle services offerings. By joining forces, the companies aim to provide comprehensive industrial automation services that enable customers to optimize the value of their production assets, systems, plants, and processes. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising emergence of new hospitals, growing focus on JCI accreditation, increasing healthcare expenditure, surge in adoption of CMMS, and rising partnerships & collaborations within market players. For instance, in February 2022, Accruent has recently formed a partnership with AIASTECH, a company based in India, specializing in Enterprise Asset Management Solutions delivered through Computerized Maintenance Management System Software (CMMS). This partnership extends Accruent's reach in India and the Middle East, enabling them to offer comprehensive CMMS solutions in these regions.
Rising launch of technologically advanced AI-based CMMS software is predicted to boost the market growth during the forecast period. For instance, in March 2020, The redPILOT Computerized Maintenance Management System (CMMS) has been made available in the North American market by KNAPP. This software utilizes big data, predictive modeling, analytics, IoT technology, and Artificial Intelligence (AI) to provide valuable insights to supply chain managers and leaders. The software can be integrated as an additional module to the redPILOT Control Tower application or used independently as a separate application.
By Deployment Mode, Web & cloud-based was the highest revenue-grossing segment in the global healthcare computerized maintenance management system market in 2022 owing to its flexibility, scalability, and remote accessibility, growing need for on-premises infrastructure, increasing demand of automatic software for the latest features and security patches, and rising healthcare infrastructure. Additionally, on-premises is predicted to grow at fastest CAGR during the forecast period owing to its performance and connectivity and rising demand for the CMMS software which is accessible locally, without dependence on internet connectivity. For instance, in February 2023, Accruent has unveiled MC Kinetic, a new mobile CMMS application that operates offline. This innovative tool enhances the remote capabilities of the Maintenance Connection CMMS, enabling maintenance teams to efficiently carry out work orders even without internet connectivity. This feature eliminates the risk of connectivity issues, breaks down communication barriers, and optimizes the agility of mobile maintenance operations.
By Application, Preventive Maintenance was the highest revenue-grossing segment in the global healthcare computerized maintenance management system market in 2022 owing to rising focus on preventive maintenance of medical equipment. Additionally, inventory management application is predicted to grow at fastest CAGR during the forecast period owing to the rising demand for necessary supplies, medicines, & substitution parts for medical equipment in the hospitals and increasing focus on development of computerized maintenance management systems. For instance, in November 2021, Facilio Inc. has introduced a connected CMMS solution aimed at assisting enterprises in streamlining operations, minimizing costs, and adapting to the ever-changing demands of customers. This solution aims to simplify processes and enable organizations to effectively manage their operations while meeting the evolving needs of their clientele.
By End-user, Hospitals was the highest revenue-grossing segment in the global healthcare computerized maintenance management system market in 2022 owing to the increasing healthcare infrastructure, and rising launch of new CMMS software. For instance, in May 2022, EQ2, a software provider specializing in CMMS for hospitals, has unveiled new additions to their Hospital Equipment Management System (HEMS) CMMS product lineup. These new products expand the company's offerings and provide enhanced capabilities for effectively managing hospital equipment. Additionally, diagnostic laboratories is predicted to grow at fastest CAGR during the forecast period owing to the rising adoption of CMMS software’s due to presence of complex equipment including MRI, CT machines, cell counts, and analyzers.
North America region is anticipated for the highest revenue share during the forecast period owing to the rising presence of key market players, growing healthcare infrastructure, increasing emphasis on patient safety & quality of care, surge in demand for CMMS solutions, and rising initiatives such as mergers & acquisitions by key market players. For instance, in January 2021, An AI-powered CMMS firm called Fiix Inc. has been bought by Rockwell Automation Inc., a business that specializes in industrial automation and digital transformation. This acquisition aims to strengthen Rockwell Automation's software strategy and improve their lifecycle services offerings. By joining forces, the companies aim to provide comprehensive industrial automation services that enable customers to optimize the value of their production assets, systems, plants, and processes. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising emergence of new hospitals, growing focus on JCI accreditation, increasing healthcare expenditure, surge in adoption of CMMS, and rising partnerships & collaborations within market players. For instance, in February 2022, Accruent has recently formed a partnership with AIASTECH, a company based in India, specializing in Enterprise Asset Management Solutions delivered through Computerized Maintenance Management System Software (CMMS). This partnership extends Accruent's reach in India and the Middle East, enabling them to offer comprehensive CMMS solutions in these regions.
Segmentation: Healthcare Computerized Maintenance Management System Market Report 2022 - 2033
Healthcare Computerized Maintenance Management System Market Analysis & Forecast by Deployment Mode 2022 - 2033 (Revenue USD Bn)
- On-Premises
- Web & Cloud-Based
Healthcare Computerized Maintenance Management System Market Analysis & Forecast by Application 2022 - 2033 (Revenue USD Bn)
- Work Order Planning
- Preventive Maintenance
- Predictive Maintenance
- Inventory Management
- Others
Healthcare Computerized Maintenance Management System Market Analysis & Forecast by End-user 2022 - 2033 (Revenue USD Bn)
- Hospitals
- Diagnostic Laboratories
- Clinics
- Others
Healthcare Computerized Maintenance Management System Market Analysis & Forecast by Region 2022 - 2033 (Revenue USD Bn)
North America
- U.S.
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Healthcare Computerized Maintenance Management System Market: Deployment Mode Estimates & Trend Analysis
8. Healthcare Computerized Maintenance Management System Market: Application Estimates & Trend Analysis
9. Healthcare Computerized Maintenance Management System Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Healthcare Computerized Maintenance Management System Market
12. Europe Global Healthcare Computerized Maintenance Management System Market
13. Asia Pacific Global Healthcare Computerized Maintenance Management System Market
14. Latin America Global Healthcare Computerized Maintenance Management System Market
15. MEA Global Healthcare Computerized Maintenance Management System Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- IBM
- Hippo CMMS
- Accruent
- Limble CMMS
- Fluke Corp.
- CloudApper
- MPulse Software Inc.
- Facilio Inc.
- FSI LLC
- Information Professionals Inc.
- Lean Transition Solutions
- Ultimo Software Solutions
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | August 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 1.36 Billion |
| Forecasted Market Value ( USD | $ 4.1 Billion |
| Compound Annual Growth Rate | 10.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
