The growth of the medical equipment maintenance market can be attributed to several factors such as technological advancements, innovations in healthcare industry coupled with growing awareness on preventive equipment maintenance. Increasing purchase of refurbished medical equipment is further contributing to the growth of the market during the forecast period.
Market Industry Reports (MIR) has published a new report titled “Medical Equipment Maintenance Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the medical equipment maintenance market is estimated to be over US$ 30.5 billion in 2019. It is anticipated to grow at a ~10% CAGR from 2019 to 2030.
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Major Key Players of the Medical Equipment Maintenance Market are:
GENERAL ELECTRIC COMPANY, Siemens Healthcare Private Limited, CANON MEDICAL SYSTEMS CORPORATION, Fujifilm Holdings Corporation., Koninklijke Philips N.V., Carestream Health., Drägerwerk AG & Co. KGaA, OLYMPUS CORPORATION, B. Braun Melsungen AG and Hitachi
Increasing privatization in the healthcare sector, which are new, are opting for alternate options to cut down on the initial capital investments are fueling the demand for medical equipment maintenance market globally. Companies that provide refurbished devices, upgrade equipment’s with the latest technology and are backed by the same warranty as new models, so it becomes difficult for anyone to tell the difference between old and brand-new equipment. Key players in the market are setting up refurbishment facilities to meet high demand of hospitals and diagnostic centers.
In recent years, medical equipment preventive maintenance focus has increased as it aims to extend the life of the equipment and reduces failure rates. Preventive maintenance is basically a planned maintenance or scheduled maintenance. Regular maintenance ensures safety, prevents malfunctioning of equipment, increases performances and extends device life. Preventive maintenance also saves time and avoids emergency repairs. Increasing focus on preventive maintenance strategy is anticipated to offer growth opportunity for service providers and in medical equipment maintenance market globally.
The Medical Equipment Maintenance Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Equipment Type:
Imaging Equipment, and Electromedical Equipment
Preventive Maintenance, Corrective Maintenance, and Operational Maintenance
Original Equipment Manufacturers, Independent Service Organizations and, In-House Maintenance
Public Organizations and Private Organizations
As a standard protocol at MIR, all research assignments go through the following rigorous processes.
- Secondary Research
- Primary Research
- Market Size Estimation & Forecasting
- Data Validation & Triangulation
- Report Generation
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Table of Contents
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
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