South East Asia Medical Maintenance Equipment Market is Growing at a Significant Rate in the Forecast Period 2018-2025

South East Asia Medical Maintenance Equipment Market is expected to register a CAGR of healthy rate in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculate on is 2017 and the forecast period is 2018 to 2025.Access Full Report at https://databridgemarketresearch.com/reports/south-east-asia-medical-maintenance-equipment-market/

Segmentation: South East Asia Medical Maintenance Equipment Market

South East Asia Medical Maintenance Equipment Market, By Service Provider (OEM, Independent Service Organizations, In-house Maintenance), Service Type (Preventive, Corrective, Operational), Device (Imaging Equipment, Endoscopic Device, Surgical Instrument, Electro-Medical Equipment, Others), End User (Private Sector Organisations, Public Sector Organisations)– Industry Trends and Forecast to 2025

Drivers: South East Asia Medical Maintenance Equipment Market

The major factors contributing to the growth of the market includes rising focus on preventive medical equipment maintenance, increasing preference for purchase of refurbished medical equipment, rising investments of key companies to build healthcare infrastructure, technological advancements for complex equipment maintenance are driving the growth of the market.

RISING FOCUS ON PREVENTIVE MEDICAL EQUIPMENT MAINTENANCE

The maintenance of medical equipment plays very important role in healthcare industry. The advanced technology and complexity, increased sophistication and specialization with highly integrated electronic networks of medical equipment require safety and effectiveness for the maintenance work. Medical equipment requires specific maintenance and repair for compliance, safety, reliability and accuracy. The maintenance is all about providing the right maintenance to the right equipment at the right time for the right application.

Various companies and healthcare institutes focus on the maintenance of the equipment for better results. By using the previous data of medical equipment, an audit of equipment is conducted from which the health facilities professionals analyze the techniques and improve efficiency while decreasing costs.

Medical equipment maintenance consists of preventive, predictive, corrective, operational and other types of maintenance. Preventative maintenance has many advantages over other maintenance as it is performed on regular basis to prevent the equipment from failure. Preventive maintenance is performed all through when the equipment is on functioning to prevent it from unexpected interruption. The preventive maintenance extends the lifecycle of equipment and boosts efficiency for running more efficiently. It lowers the power expenses, improves the performance of assets by increasing uptime and it is helpful to develop customer service.

Preventative maintenance has the advantage of planning over less complex strategies. Unplanned reactive maintenance includes lost production, higher costs for parts and shipping. Planned maintenance helps to reduce the maintenance cost and to save the production downtime equipment would shut down for safety measures and essential parts or supplies are collected to minimize repair time. This maintenance does not require condition-based monitoring, which monitors the current state of the equipment, helps to reduce the requirement and cost to conduct and interpret condition monitoring data.

Below are some companies which provide preventative maintenance services:

  • PENTAX Medical (Japan), a medical equipment maintenance and advanced clinically relevant endo-imaging solutions service provider, offers preventative maintenance throughout hospitals and ancillary healthcare facilities for optimal equipment performance and has better utilization planning.
  • Hitachi Medical Systems, supplier of superior diagnostic imaging products like open MRI systems. The distributor network in South East Asia, SAARC (South Asian Association for Regional Co-operation) and ANZ (Australia and New Zealand Banking Group) ensures that all the safety aspects and specifications of the equipment are regularly checked through preventive maintenance service on the equipment.
  • GE Healthcare, a transformational medical technologies and services provider offers the preventive maintenance service for the medical equipment.

There are several types of maintenance but preventative maintenance is better in terms of all as it is done on regular basis, it reduces the cost of unplanned or reactive maintenance and helps to provide the efficient results and extends the lifecycle of the equipment. Hence, preventative maintenance is highly chosen for medical equipment maintenance by the device manufacturers and healthcare areas.

INCREASING PREFERENCE FOR PURCHASE OF REFURBISHED MEDICAL EQUIPMENTS

Medical equipment is used to assist in diagnosis, monitoring or treatment of medical conditions which are technologically advanced and found in simple to complex structure, smaller to huge size and from lighter to heavier weight. There are more than 10,000 types of medical devices available. For different medical conditions different medical equipment or devices are available. The highly advanced technologies make the equipment easily accessible for the healthcare professionals as well as for the patients but at the same time the equipment is at their high cost too.

Some companies provide refurbished medical equipment.

  • Soma Technology, Inc.(U.S.), a biomedical enterprise, based in Connecticut, U.S., which provides high quality new and refurbished medical equipment to healthcare facilities worldwide at affordable costs, offers several medical equipment from major companies to healthcare sectors. It offers refurbished equipment from Philips, GE Healthcare, Terumo, FujiFilm Sonosite Inc. and others
  • KSURGICAL (Singapore) engaged in the service and sales of endoscopes, video cameras, surgical power tools and surgical instruments. Its objective is to provide hospitals and medical institutions with alternative quality repair services at competitive prices.

Therefore, small clinics or hospitals opt for refurbished medical equipment for cost saving and hence, there has been seems a demand of refurbished equipment, which costs low and delivers better results to healthcare expertise and patients.

Medical equipment - new or refurbished, requires maintenance on regular basis for better results and to reduce the breakdown time and cost. The healthcare societies tend for the purchase of refurbished equipment for cost saving which demands maintenance, which boosts the growth of the medical equipment maintenance market.

TECHNOLOGICAL ADVANCEMENTS FOR COMPLEX EQUIPMENT MAINTENANCE

Medical equipment is more complex system to carry out the surgical or healthcare procedure but with the aid of these equipment healthcare professionals delivers better results with ease. In maintenance of medical equipment the technology has great impact with the increased use of microprocessors and computers. The medical equipment are well built as manufacturing technology has increased the quality of parts, which helps to in increase mean time between failures and reduced maintenance needs.

The complex medical equipment is connected with the built-in computers and advance software which assist the equipment in self-diagnoses. The advancement in telecommunications in combination with self-diagnostics of medical equipment makes the repair easy. Technological advancements enable a technician to repair the equipment without interfering with the operation.

For instance, PENTAX MEDICAL (Japan) offers field service for fast, efficient problem resolution and has advanced staff productivity, available in software customization, minor repairs training and troubleshooting.

The technologically advanced era for healthcare sectors leads to the growth of the market.

Major Players: South East Asia Medical Maintenance Equipment Market

Some of the major players operating in this market are HEXAGON, Mitutoyo Corporation, Nikon Corporation, Faro Technologies, Inc,among others.