
Althea
Founded Year
2023Stage
Incubator/Accelerator - II | AliveAbout Althea
Althea focuses on healthcare technology. It offers a virtual assistant service that assists with scheduling medical appointments, managing medications, and providing access to medical or billing information. It primarily serves the healthcare industry. It was founded in 2023 and is based in San Jose, California.
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Althea's Products & Differentiators
Althea
A digital AI worker for healthcare that can uniquely perform and automate complex workflows. Althea is versatile and capable of performing roles such as an AI administrator, medical assistant, nurse, and physician assistant.
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Latest Althea News
Sep 16, 2025
NEW YORK, USA, Sept. 16, 2025 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “ Managed Equipment Service (MES) Market By Service Type (Procurement and Installation, Maintenance and Repair, Replacement and Upgradation, Asset Management, Training and Support, Consulting Services), By Equipment Type (Imaging Equipment, Surgical Equipment, Diagnostic Equipment, Therapeutic Equipment, Patient Monitoring Equipment, and Others), By Delivery Model (On-Premises, Cloud-Based, Hybrid), By End-User (Hospitals, Ambulatory Surgical Centers [ASCs], Diagnostic Centers, Clinics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034” in its research database. “According to the latest research study, the global managed equipment service (MES) market size was valued at around USD 5.20 billion in 2024. The market is expected to grow at a CAGR of 7.30% and is anticipated to reach a value of USD 9.14 billion by 2034.” Get a Free Sample PDF of this Research Report for more Insights - https://www.zionmarketresearch.com/sample/managed-equipment-service-mes-market Managed Equipment Service Industry Overview: Managed equipment service is a long-term performance-based partnership model where healthcare providers outsource the management, procurement, and maintenance of medical equipment to professional service providers. Instead of paying high upfront costs, clinics and hospitals pay a fixed price for guaranteed access to technical support, lifecycle management, and high-tech equipment. The global managed equipment service (MES) market is poised for significant growth, driven by increasing demand for advanced medical equipment, cost containment in healthcare, and a focus on core healthcare services. Healthcare providers continually choose the latest treatment technologies and diagnostics to enhance patient outcomes. MES helps them to access superior equipment without incurring heavy purchase costs. This fuels adoption, as hospitals strive to remain competitive with modern services and facilities. Managing capital expenditure is a primary challenge for hospitals, and managed equipment services offer a long-term and predictable cost model. It decreases the cost pressure of buying, maintaining, and upgrading equipment. This helps institutions distribute resources more effectively towards patient care. Furthermore, hospitals focus on delivering high-quality healthcare rather than managing complex equipment cycles. MES providers take responsibility for procurement, upgrades, and servicing, freeing medical staff from administrative pressures. This helps professionals focus on achieving better patient outcomes. Report Scope: Report Attribute Report Details Market Size in 2024 USD 5.20 Billion Market Forecast in 2034 USD 9.14 Billion Growth Rate CAGR of 7.30% Base Year 2024 Forecast Years 2025- 2034 Key Companies Covered Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems, Fujifilm Healthcare, Hitachi Medical Systems, Medtronic, Drägerwerk AG & Co., Mindray Medical, Getinge AB, Stryker Corporation, Olympus Corporation, B. Braun Melsungen AG, Althea Group, Healthcare Technologies International, and others. Segments Covered By Service Type, By Equipment Type, By Delivery Model, By End-User, and By Region Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Customization Scope Avail customized purchase options to meet your exact research needs. Directly Purchase a Copy of the Report | Quick Delivery Available - https://www.zionmarketresearch.com/buynow/su/managed-equipment-service-mes-market Key Insights As per the analysis shared by our research analyst, the global managed equipment service (MES) market is estimated to grow annually at a CAGR of around 7.30% over the forecast period (2025-2034) In terms of revenue, the global managed equipment service (MES) market size was valued at around USD 5.20 billion in 2024 and is projected to reach USD 9.14 billion by 2034. The managed equipment service (MES) market is projected to grow significantly due to rising global healthcare expenditure, a lack of skilled biomedical technicians and engineers, and increasing pressure to reduce hospital operational costs. Based on service type, the procurement and installation segment is expected to lead the market, while the maintenance and repair segment is expected to grow considerably. Based on equipment type, the imaging equipment segment is the largest, while the surgical equipment segment is projected to experience substantial revenue growth over the forecast period. Based on the delivery model, the on-premises segment holds a larger share, while the cloud-based segment holds a second-leading share. Based on end-user, the hospitals segment is expected to lead the market compared to the diagnostic centers segment. Based on region, Europe is projected to dominate the global market during the estimated period, followed by North America. Industry Growth Factors Stringent rules for industrial equipment and medical devices are surging the need for audit-ready documentation, validated service processes, and calibration logs. MES providers address these demands by centralizing compliance records, ensuring traceability, and reducing administrative workloads for customers. This capability is a decisive factor for businesses seeking to avoid inspection failures and penalties. Improvements in analytics, IoT sensors, and cloud solutions have transformed MES into a predictive service model that focuses on predictive maintenance. By detecting faults early and facilitating remote diagnostics, providers reduce unplanned downtime and enhance equipment performance. This digital shift reduces the total cost of ownership and facilitates premium pricing for service-based collaborations, illustrating how technology is a crucial driver of customer retention and adoption. Hence, this technological facilitation fuels the growth of the managed equipment service (MES) market. Browse the Complete “ Managed Equipment Service (MES) Market - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034” Report at https://www.zionmarketresearch.com/report/managed-equipment-service-mes-market Managed Equipment Service Market: Segmentation The global managed equipment service (MES) market is segmented based on service type, equipment type, delivery model, end-user, and region. Based on service type, the global managed equipment service (MES) industry is divided into procurement and installation, maintenance and repair, replacement and upgradation, asset management, training and support, and consulting services. The procurement and installation segment accounts for a substantial share, as it enables hospitals to access superior medical equipment without incurring heavy capital expenditures. Based on equipment type, the global market is segmented as imaging equipment, surgical equipment, diagnostic equipment, therapeutic equipment, patient monitoring equipment, and others. The imaging equipment segment held a dominant share, as hospitals rely on advanced imaging systems, such as CT, MRI, and X-ray, which require high investment and frequent upgrades. Based on the delivery model, the global managed equipment service (MES) market is segmented into on-premises, cloud-based, and hybrid models. The on-premises segment has held a leading share, as a majority of hospitals prefer direct on-site security and control of their critical medical equipment systems. Based on end-user, the global market is segmented as hospitals, ambulatory surgical centers (ASCs), diagnostic centers, clinics, and others. The hospitals segment holds leadership, as they require a broader range of advanced equipment and long-term service contracts to support large volumes of patient care. Regional Scope: Europe is projected to maintain its dominant position in the global managed equipment service (MES) market, driven by the strong adoption of public-private partnerships, advanced healthcare infrastructure, and early market adoption. Europe leads in implementing PPP models in the medical sector, especially in Germany and the UK, where MES agreements are extensively used. This dependency on PPP majorly drives MES penetration in Europe. North America maintains its position as the second-largest region in the global managed equipment service (MES) industry, driven by high healthcare spending, a large number of advanced hospitals, and a focus on operational efficiency. North America, particularly the United States, accounts for the largest share of global healthcare expenditures. Request For Customization - Some of the main players in the global managed equipment service (MES) market include; Siemens Healthineers GE Healthcare Philips Healthcare Canon Medical Systems Fujifilm Healthcare Hitachi Medical Systems Medtronic Drägerwerk AG & Co. Mindray Medical Getinge AB Stryker Corporation Olympus Corporation B. Braun Melsungen AG Althea Group Healthcare Technologies International The global managed equipment service (MES) market is segmented as follows: By Service Type Procurement and Installation Maintenance and Repair Replacement and Upgradation Asset Management Training and Support Consulting Services By Equipment Type Imaging Equipment Surgical Equipment Diagnostic Equipment Therapeutic Equipment Patient Monitoring Equipment Others By Delivery Model On-Premises Cloud-Based Hybrid By End-User Hospitals Ambulatory Surgical Centers (ASCs) Diagnostic Centers Clinics Others By Region North America The U.S. Canada Europe France The UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India Southeast Asia Rest of Southeast Asia The Middle East & Africa GCC South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Request Free Brochure @ https://www.zionmarketresearch.com/requestbrochure/managed-equipment-service-mes-market Key Questions Answered in This Report: What is managed equipment service (MES)? Which key factors will influence the managed equipment service (MES) market growth over 2025-2034? What will be the value of the managed equipment service (MES) market during 2025-2034? What will be the CAGR value of the managed equipment service (MES) market during 2025-2034? Which region will contribute notably towards the managed equipment service (MES) market value? Which are the major players leveraging the managed equipment service (MES) market growth? What can be expected from the global managed equipment service (MES) market report? Browse Other Related Research Reports Massage Chairs Market By Type (Traditional Massage Chairs, Robotic Massage Chairs), By Application (Residential, Commercial, Clubs, and Others), By Distribution Channel (Retail Units, Pharma Store, E-commerce Websites, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034 Functional Service Providers Market By Type (Clinical Monitoring, Medical Writing, Data Management, Pharmacovigilance, Biostatistics, Programming, Study Design, and Others), By Stage (Clinical Development, Post Approval), By Application (Biopharma Companies, Biotech Companies, Medical Devices Companies, Research Center and Academic Institutes), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034 Electronic Brachytherapy Market By Application (Gynecological Cancers, Non-Melanoma Skin Cancer, Breast Cancer, and Others), By End-User (Oncology Centers, Hospitals, Specialty Clinics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034 DNA Nanotechnology Market By Type (Structural DNA Nanotechnology and Dynamic DNA Nanotechnology), By Application (Targeted Drug Delivery, Smart Pills, Nanolithography, and Others), By End-User (Biotechnology & Pharmaceuticals, Academic & Research Institutions), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034 Cancer Stem Cells Market By Mode of Action (Immune Modulation, Cancer Stem Cells Surface Marker Targeting, Inhibition of Self-Renewal Pathways, Apoptosis Induction, Differentiation Therapy, Drug Efflux Inhibition, and Epigenetic Modulation), By Cancer Type (Blood Cancer, Colorectal Cancer, Breast Cancer, Liver Cancer, Pancreatic Cancer, Bladder Cancer, Lung Cancer, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034 Cardiovascular Medtech Market By Device Type (Therapeutic & Surgical Devices and Diagnostic & Monitoring Devices), By Application (Valvular Heart Diseases, Heart Failure, Coronary Artery Diseases, Peripheral Vascular Diseases, and Arrhythmia), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034 About Zion Market Research: Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Contact Us: Zion Market Research USA/Canada Toll Free: 1 (855) 465-4651 | Newark: 1 (302) 444-0166 UK: +44 2034 894158 India: +91 7768 006 007 | +91 7768 006 008 Email: sales@zionmarketresearch.com | Web: https://www.zionmarketresearch.com/
Althea Frequently Asked Questions (FAQ)
When was Althea founded?
Althea was founded in 2023.
Where is Althea's headquarters?
Althea's headquarters is located at 60 Descanso Drive, San Jose.
What is Althea's latest funding round?
Althea's latest funding round is Incubator/Accelerator - II.
Who are the investors of Althea?
Investors of Althea include MassChallenge U.S., Future of Healthcare Founder Residency Program and MassChallenge.
Who are Althea's competitors?
Competitors of Althea include Hyro and 3 more.
What products does Althea offer?
Althea's products include Althea .
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