Medical Equipment Maintenance Market 2023: Growth Expanding at CAGR of 9.1% by 2028
The latest report by IMARC Group, titled “Medical Equipment Maintenance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global medical equipment maintenance market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global medical equipment market is expected to exhibit a growth rate (CAGR) of 9.1% during 2023-2028.
Medical equipment maintenance refers to specialized services that ensure the medical devices are error-free and operating efficiently. They are of several types, such as preventive maintenance, corrective maintenance, operational maintenance, etc., which are mostly offered by original equipment manufacturers, independent service organizations, or in-house maintenance. These medical equipment maintenance solutions assist in identifying the lifespan of the devices ranging from small instruments, including sphygmomanometers, to complex devices, such as magnetic resonance imaging (MRI) machines. They further involve frequency-schedule activities, device optimization, repairs for out-of-service equipment, and setting maintenance which help to maintain a proper equipment inventory and decrease overall costs. As a result, medical equipment maintenance processes are in extensive demand in healthcare establishments across the globe.
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Market Trends:
The growing prevalence of life-threatening diseases and the inflating demand for refurbished and renewed medical equipment are among the key factors driving the medical equipment maintenance market. In addition to this, the escalating need for these services among organizations across countries to manage their assets, keep the expenditure under control, and improve the quality of healthcare delivery is acting as another significant growth-inducing factor.
Moreover, the shifting preferences toward preventive maintenance approach as they aid in avoiding adverse medical device-related accidents, enable healthcare institutions to enhance patient safety, reduce equipment downtown by improving day-to-day operations, and assure the reliability of the devices, are also positively influencing the market growth. Apart from this, the rising adoption of new technologies in medical devices is expected to propel the medical equipment maintenance market over the forecasted period.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
- Alliance Medical Group (Life Healthcare Group)
- Althea Group
- Aramark
- Braun Melsungen AG
- BC Technical Inc. (Alpha Source Inc.)
- Drägerwerk AG & Co. KGaA
- FUJIFILM Holdings Corporation
- HOYA Corporation
- Koninklijke Philips N.V.
- Medtronic plc
- Siemens AG
Key Market Segmentation:
Breakup by Device Type:
- Imaging Equipment
- Electromedical Equipment
- Endoscopic Devices
- Surgical Instruments
- Others
Breakup by Service Type:
- Preventive Maintenance
- Corrective Maintenance
- Operational Maintenance
Breakup by Service Provider:
- Original Equipment Manufacturers
- Independent Service Organizations
- In-House Maintenance
Breakup by End Use:
- Private-Sector Organizations
- Public-Sector Organizations
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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