Global Medical Equipment Maintenance Market, By Service Type (Preventive, Corrective, Performance/Operational), Service Providers (In-House Service Providers, External Service Providers), Device Type (Imaging Equipment, Endoscopic Devices, Electromedical Equipment, Surgical Instruments, Other Medical Equipment), Level of Maintenance (Level 3, Specialized, Level 2, Technician, Level 1, User (or First-line)), Technology (Multi-Vendor OEMs, Single-Vendor OEMs, Independent Service Organization, In-House Maintenance), End User (Hospitals, Clinics, Laboratory, Other Health Care Centres), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
The medical equipment maintenance market is expected to witness market growth at a rate of 8.95% in the forecast period of 2022 to 2029, and is estimated to reach the value of USD 44,376.54 million by 2029. Data Bridge Market Research report on medical equipment maintenance market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the healthcare sector globally is escalating the growth of medical equipment maintenance market.
Medical devices refer to the type of devices that are used from diagnostics to surgeries and treatments for precisely checking the health of patients. The maintenance of these devices play a crucial role in maintaining and enhancing the precision and accuracy of medical devices. Medical equipment maintenance helps in ensuring that the devices are error-free and operating accurately.
The adoption of innovative funding mechanisms across the globe acts as one of the major factors driving the growth of medical equipment maintenance market. The increase in the use for treatment, diagnosis, analysis, and educational purposes across the healthcare industry, and surge in purchase of refurbished medical systems accelerate the market growth. The rise in initiatives between governments and third party providers of medical services resulting in better scenarios, and increase in focus on preventive medical equipment maintenance further influence the market. Additionally, high disposable income, rise in prevalence of geriatric population, surge in healthcare expenditure and advancements in healthcare infrastructure positively affect the medical equipment maintenance market. Furthermore, innovation in service offerings and use of IoT, and emergence of ISOs extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, high initial cost and significant maintenance expenditure and fiscal unsustainability due to wasteful spending are expected to obstruct the market growth. Dearth of skilled technicians and biomedical engineers and compliance issues with new MDR regulations are projected to challenge the medical equipment maintenance market in the forecast period of 2022-2029.
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 localized 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.
Global Medical Equipment Maintenance Market Scope and Market Size
The medical equipment maintenance market is segmented on the basis of service type, service providers, device type, level of maintenance and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of service type, the medical equipment maintenance market is segmented into preventive, corrective, performance/operational.
- On the basis of service providers, the global medical equipment maintenance market has been segmented into in-house service providers and external service providers.
- On the basis of device type, the medical equipment maintenance market has been segmented into diagnostic imaging equipments, electrosurgical equipment, endoscopic devices, surgical equipment, medical lasers, opthalmology equipment, patient monitoring and life support devices, dental equipment, laboratory equipment, durable medical equipments and radiotherapy devices. Diagnostic imaging equipments are further segmented into CT scanners, MRI systems, ultrasound systems, x-ray systems, mammography systems, angiography systems, fluoroscopy systems and nuclear imaging equipments (PET/SPECT). Patient monitoring and life support devices are further segmented into ventilators, anesthesia monitoring equipments, infusion pumps, dialysis equipment and other life supported devices and patient monitoring devices. Dental equipment is further segmented into dental radiology equipments, dental laser devices and other dental equipment.
- On the basis of level of maintenance, the medical equipment maintenance market has been segmented into level 3, specialized, level 2, technician, level 1, user (or first-line).
- On the basis of end user, the medical equipment maintenance market has been segmented into hospitals, clinics, laboratory, and other health care centre.
Medical Equipment Maintenance Market Country Level Analysis
The medical equipment maintenance market is analyzed and market size insights and trends are provided by country, service type, service providers, device type, level of maintenance and end user as referenced above.
The countries covered in the medical equipment maintenance market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the medical equipment maintenance market because of the rise in prevalence of chronic diseases and higher healthcare spending within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the government initiatives to provide better healthcare services in the region.
The country section of the 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 new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs 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 sales channels are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The 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 2010-2020.
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, global presence, production sites and facilities, production capacities, 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.
Some of the major players operating in the medical equipment maintenance market report are Koninklijke Philips N.V., Siemens Healthcare GmbH, General Electric Company, Medtronic, Stryker, FUJIFILM Europe GmbH, CANON MEDICAL SYSTEMS CORPORATION, Shimadzu Corporation, Agfa-Gevaert Group, Aramark, Olympus Corporation, Carestream Health, KARL STORZ, Atlantis Worldwide, Alpha Source, Inc., SAMSUNGHEALTHCARE.COM, Boston Scientific Corporation, Hitachi, Ltd., Terumo Corporation, Drägerwerk AG & Co. KGaA, Richard Wolf GmBH, ERD, Smith-Nephew, Hoya Corporation, B.Braun Melsungen AG, Agiliti Health, Inc., Laborie Inc., Cook Medical LLC, Zimmer Biomet, and InterMed Group, Inc., among others.
Customization Available : Global Medical Equipment Maintenance Market
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