Siemens AG, GE Healthcare and Philips Healthcare are Dominating the Market for Global Medical Equipment Maintenance Market in 2017

Global Medical Equipment Maintenance Market is expected to reach USD 48,257.4 million by 2025 from USD 27,060.0 million in 2017, at a CAGR of 7.6% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Global Medical Equipment Maintenance Market

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The global medical equipment maintenance market highly concentrated to a few big players and rest to local players who cater to domestic markets only. Siemens AG dominated the medical equipment maintenance market accounting for a highest market share in 2017, followed by GE Healthcare and Philips Healthcare. Other players in this market include are AGFA-GEVAERT, Canon Inc, Drägerwerk AG & CO. KGaA, Medtronic, Hitachi, Ltd, Fujifilm Holdings Corporation, B. Braun, HOYA Corporation among others.

Siemens AG:

Siemens AG founded in 1847 and is headquartered in Munich, Germany. The company is involved in production and manufacturing of plants across the world. The company is involved in electrification, automation and digitalization technologies. Siemens AG works in following segments power and gas, energy management, building technologies, mobility, digital factory and process industries drives, healthineers and renewable energy. The Siemens Healthineers segment provides technology to the healthcare industry and, diagnostic imaging and laboratory diagnostics. Siemens AG provides medical maintenance services through imaging and therapy services. Its remote monitoring program can detect and corrects medical equipment before they need larger repair. The company has 377,000 employees and has global presence in more than 200 countries. It offers equipment services for medical equipment maintenance. It serves in Africa, Asia Pacific, Europe, Middle East, North America and South America.

GE Healthcare:

GE Healthcare, founded in 2004 and headquartered Munich, Germany. GE healthcare provides transformational medical technologies and services. GE health care operates through three business segments health care systems, life sciences and healthcare digital.  The healthcare systems segment offers a wide range of products for diagnostic imaging and clinical systems. Diagnostic imaging systems such as digital mammography, X-ray, computed tomography (CT), surgical and interventional imaging, magnetic resonance (MR) and molecular imaging technologies. Clinical systems comprises of ultrasound, bone densitometry, electrocardiography (ECG), patient monitoring, incubators, infant warmers, respiratory care, and anesthesia management. GE Healthcare Service offers medical equipment services through uptime optimisation and ultrasound services and support. GE healthcare has operating companies across Europe, Asia Pacific, Eastern Europe, Middle East and Africa, South America and, North America. Some of the subsidiaries include Dharmacon, Inc. (U.S.), GE Medical Systems Kretztechnik GMBH & CO OHG (Austria), Nihon Medi-Physics Co.,Ltd. (Japan), SerphyDose SARL (France), VersaMed Medical Systems, LLC (U.S.), Amersham (UK), Biacore International AB (Sweden), API Health care (U.S.), GE Healthcare Funding Ireland (Ireland).

Koninklijke Philips N.V.:

Koninklijke Philips N.V., founded in 1891 and headquartered in Amsterdam, Netherlands. The company is a health technology company which focuses on prevention, diagnosis, treatment and home care.The company operates in personal health, diagnosis & treatment, connected care & health informatics, lighting and legacy items business segments. Philips Healthcare offers equipment services for ultrasound and imaging systems through RightFit Service Agreements. The company operates in more than 122 countries worldwide with more than 82 production sites. The company’s regional locations are Asia Pacific, Eastern Europe, Latin America, Middle East and Africa, Central Asia, South Asia, North America, and Western Europe. The subsidiary of Koninklijke Philips N.V. are Saeco S.p.A., Magnavox, Dynalite, Videoland, Philips Records and among others.