Europe Medical Equipment Maintenance Market, By Device Type (Imaging Modalities, Advanced, Primary, Endoscopic Device, Surgical Instruments, Electromedical Equipment and Other Devices), Service Type (Preventive Maintenance, Corrective Maintenance and Operational Maintenance), Service Provider (Original Equipment Manufacturers (OEMs), Independent Service Organizations (ISOs) and In-house Services), Contract Type (Annual Maintenance Contracts and Multi-year Maintenance Contracts), End User (Public-Sector Organizations and Private-Sector Organizations), Country (Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and Forecast to 2027
The medical equipment maintenance market is expected to reach USD 13.97 billion by 2027 witnessing market growth at a rate of 7.9% in the forecast period of 2020 to 2027. Data Bridge Market Research report on medical equipment maintenance market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Medical equipment maintenance refers to the activities associated with providing proper services along with reducing downtime of medical equipment. Maintenance is required to keep the functioning of devices in heck and to make sure that their condition is optimum for use. Maintenance is a very crucial step in the life cycle of medical equipment, failing which can cause heavy damages to the institution or the company using it.
Increasing chronic diseases, growing purchase of refurbished medical equipment, growing focus on preventive maintenance of medical equipment and adopting innovative funding mechanism are the factors driving the growth of Europe medical equipment maintenance market. Stringent regulation policies, high initial setup costs and high maintenance cost of medical equipment are the restraining factor for Europe medical equipment maintenance market in the above mentioned period.
Emergence of Independent Standard Organizations (ISO) standards and increase in public-private partnerships are the opportunities for Europe medical equipment maintenance market. Cut throat competition leading to consolidation of companies and high fragmentation of market are the challenges for Europe medical equipment maintenance market.
This medical equipment maintenance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on medical equipment maintenance market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Medical Equipment Maintenance Market Scope and Market Size
The medical equipment maintenance market is segmented on the basis of device type, service type, service provider, contract type and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of device type, the medical equipment maintenance market has been segmented as imaging modalities, electromedical equipment, advanced, primary, endoscopic device, surgical instruments and other devices. Advanced can be further segmented as CT, MRI and others. Primary can be further segmented as digital X-ray ultrasound and others. Other devices can be further segmented as life support devices and dental equipment.
- On the basis of service type, the medical equipment maintenance market has been segmented as preventive maintenance, corrective maintenance and operational maintenance.
- On the basis of service provider, the medical equipment maintenance market has been segmented as original equipment manufacturers (OEMs), independent service organizations (ISOs) and in-house services. Original equipment manufacturers (OEMs) can be further segmented as multi-vendor OEM and single-vendor OEM.
- On the basis of contract type, the medical equipment maintenance market has been segmented annual maintenance contracts and multi-year maintenance contracts.
- Medical equipment maintenance market has also been segmented on the basis of end user into public-sector organizations and private-sector organizations.
Europe Medical Equipment Maintenance Market Country Level Analysis
Europe medical equipment maintenance market is analysed and market size, volume information is provided by country, device type, service type, service provider, contract type and end user as referenced above.
The countries covered in the Europe medical equipment maintenance market report are Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia and rest of Europe.
Germany will dominate the growth in Europe medical equipment maintenance market due to the presence of huge installation bases of medical equipment, presence of OEM as well as superior healthcare system along with progressing medical technology.
The country section of the medical equipment maintenance market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Medical equipment maintenance market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical equipment maintenance market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical equipment maintenance market. The data is available for historic period 2020-2027.
Competitive Landscape and Medical Equipment Maintenance Market Share Analysis
The medical equipment maintenance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to medical equipment maintenance market.
The major players covered in the Europe medical equipment maintenance market report are Koninklijke Philips N.V., Siemens Healthineers, Toshiba Medical Systems Europe, Drägerwerk AG & Co. KGaA, TBS Group S.p.A., Pantheon Group , Technologie Sanitarie S.p.A., Avensys UK Ltd. and Grupo Empresarial Electromédico among other domestic players. Market share data is available for Europe separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available: Europe Medical Equipment Maintenance Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.