The global medical equipment maintenance market is projected to reach an approximate value of USD 72.6 billion by 2028, growing at a CAGR of 10.3%. An increase in purchase of refurbished medical devices, surge in growth of associated equipment markets, and rising focus on preventive medical equipment maintenance are factors driving the medical equipment maintenance market.
Adroit Market Research report on global medical equipment maintenance market gives a holistic view of the market from 2018 to 2028, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2018 and 2019, with the base year of estimation as 2019 and forecast from 2020 to 2028. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global medical equipment maintenance market have been studied in detail.
Medical equipment maintenance enable healthcare providers to track and monitor the condition of devices which helps them to ensure efficient utilization and maximum uptime of the equipment. Growing focus on preventive medical equipment maintenance, increase in purchase of refurbished medical equipment, growth o associated medical equipment markets are some of the key factors expected to drive the global medical equipment maintenance market in the next few years. However, high cost associated with the purchase and maintenance of advanced medical equipment will hamper the growth of the market in the future.
The global medical equipment maintenance market has been segmented based on device, service type, service provider, and region. Based on device, the global medical equipment maintenance market is categorized into imaging equipment, endoscopy equipment, surgical instruments, electromedical equipment and others. Imaging equipment is further segmented into X-ray, Ultrasound, CT scan, and MRI. Imaging equipment segment dominated the global market in 2019. Based on service type, preventive maintenance held a substantial share of the market and is anticipated to grow at a lucrative rate over the forecast period. On the basis of service provider, the medical equipment maintenance market is classified into OEMs, ISOs, and in-house maintenance. Independent service organizations (ISOs) segment is anticipated to grow at a rapid pace over the next few years.
North America dominated the global medical equipment maintenance market in 2019. high adoption of advanced technology, well-established healthcare infrastructure coupled with availability of funding to purchase advanced medical technologies in the U.S. are key factors likely to drive the growth of the market in the future. However, Asia Pacific medical equipment maintenance market is anticipated to grow at a rapid pace over the forecast period.
Major players operating in the global medical equipment maintenance market include GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Toshiba Medical Systems, Carestream Health, Inc., FUJIFILM Holdings Corporation, Drägerwerk AG & Co. KGaA, Aramark Services, Alliance Medical Group, Althea Group, BC Technical, and Agfa-Gevaert Group among others.
Key Segments of the Global Medical Equipment Maintenance Market
Device Overview, 2018-2028 (USD Million)
- Imaging Equipment
- CT Scan
- Endoscopy Equipment
- Electromedical Instruments
- Surgical Instruments
Service Type Overview, 2018-2028 (USD Million)
- Preventive Maintenance
- Operative Maintenance
- Corrective Maintenance
Service Provider Overview, 2018-2028 (USD Million)
- Original Equipment Manufacturers (OEMs)
- In-house Maintenance
- Independent Service Organizations (ISOs)
Regional Overview, 2018-2028 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa