Medical Equipment Maintenance Market by Device (Imaging (MRI, CT, PET, SPECT, X-ray, Ultrasound, C Arm), Endoscopy, ECG, EMG, Defibrillator, Dental, Ventilator), Service Provider (OEM, ISO, In house), End User (Public, Private) - Global Forecast to 2022
“The medical equipment maintenance market projected to grow at a CAGR of 10.2%.”
The medical equipment maintenance market is expected to reach USD 24.83 billion by 2022 from USD 15.30 billion in 2017, at a CAGR of 10.2% during the forecast period. The growth of this market is mainly driven by the growth in associated equipment markets, rising focus on preventive medical equipment maintenance, adoption of innovative funding mechanisms, and increasing purchase of refurbished medical systems. On the other hand, high initial cost and significant maintenance expenditure may hinder the growth of the market in the coming years.
“Imaging equipment segment is expected to account for the largest share of the market.”
Based on device type, the medical equipment maintenance market is segmented into imaging equipment, electromedical devices, endoscopic devices, surgical instruments, and other medical equipment. In 2017, the imaging equipment segment is expected to account for the largest share of the medical equipment maintenance market. This segment is also expected to grow at the highest CAGR during the forecast period. Market growth is attributed to the high demand for maintenance services of imaging equipment, due to their high replacement cost and the need for ensuring maximum equipment uptime.
“North America to dominate the market during the forecast period.”
In 2017, North America is expected to account for the largest share of the medical equipment maintenance market. This market is also expected to grow at the highest CAGR during the forecast period. Factors such as increasing aging population and incidence of lifestyle-related diseases, access to quality healthcare, well-established healthcare infrastructure, high adoption of advanced technology, and the presence of prominent players are supporting the growth of the medical equipment maintenance market in this region.
The primary interviews conducted for this report can be categorized as follows:
• By Company Type: Tier 1–18%, Tier 2–39%, Tier 3, 43%
• By Designation: C-level–25%, D-level–20%, Others–55%.
• By Region: North America–40%, Europe–27%, Asia–20%, RoW–13%
List of Companies Profiled in the Report
• GE Healthcare (U.S.)
• Siemens Healthineers (Germany)
• Koninklijke Philips N.V. (Netherlands)
• Canon, Inc. (Japan)
• FUJIFILM Holdings Corporation (Japan)
• Aramark Services, Inc. (U.S.)
• Pantheon Healthcare Group (Italy)
• TBS Group S.P.A (Italy)
• Agfa-Gevaert Group (Belgium)
• B. Braun Melsungen AG (Germany)
• Drägerwerk AG & Co. KGaA (Germany)
• Hitachi Medical Corporation (Japan)
• Carestream Health, Inc. (U.S.)
• Olympus Corporation (Japan)
• BC Technical, Inc. (U.S.)
The report provides a picture of the global medical equipment maintenance market. It aims at estimating the market size and future growth potential of this market across different segments such as device type, service type, service providers, end user, and region. Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help the market leaders/new entrants in this market by providing them the closest approximations of the revenue numbers for the overall medical equipment maintenance market and its subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
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