Medical Equipment Maintenance Market Trends, Industry | 2031
Medical Equipment Maintenance Market Trends, Industry | 2031
Segments - Global Medical Equipment Maintenance Market by Device Type (Diagnostic Imaging Equipment, Electrosurgical Equipment, Endoscopic Devices, Surgical Equipment, Medical Lasers, Ophthalmology Equipment, Patient Monitoring & Life Support Devices, Dental Equipment, Laboratory Equipment, Durable Medical Equipment, and Radiotherapy Devices), Service Type (Preventive Maintenance, Corrective Maintenance, and Operational Maintenance), Service Provider (Multi-Vendor OEMs, Single-vendor OEMs, Independent Service Organization, and In-house Maintenance), End-users (Hospitals, Diagnostic Imaging Centers, Dialysis Centers, Ambulatory Surgical Centers, Dental Clinics & Specialty Clinics, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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| Report ID :HC-3911
| 4.7 Rating
| 72 Reviews
| 215 Pages
| Format :
Report Description
The global medical equipment maintenance market size was valued at USD 45.2 billion in the year 2021 and is expected to surpass USD 74.2 billion by 2026 expanding at a CAGR of 10.4% during the forecast period, 2021–2028. Increase in focus on early diagnosis, presence of a large number of OEMs, growth in the number of diagnostic imaging procedures, and strategic partnerships and collaborations between service providers and end-users are driving the medical equipment maintenance market.
Medical equipment is used to carefully check the health of patients, from diagnostics to operations and treatments. As a result, their maintenance is essential improving accuracy, longevity, and precision of medical devices. Maintenance of medical equipment guarantees that the gadgets are error-free and operate correctly. It entails determining the life expectancy of equipment ranging from simple instruments such as sphygmomanometers to more complicated systems akin to MRI machines. It deals with actions that are scheduled on a regular basis, repair of out-of-service equipment, optimization, and the determining of maintenance intervals based on relevant data. Increase in the need for refurbished medical equipment and rising occurrence of life-threatening disorders are driving the need for medical instrument maintenance.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing use of preventive maintenance in healthcare settings to extend the life of medical devices is expected to boost the market.
- Rapid technical developments in medical equipment and growing demand for continuous learning and maintenance are propelling the market.
- Rising need for continuous monitoring is anticipated to drive the market in the coming years.
- Rising innovations in the service sector, such as offering services through IoT devices and remote guidance are expected to increase the demand for medical equipment maintenance.
- High cost associated of medical equipment maintenance and lack of skilled professionals are expected to hinder the market during the forecast period.
- Increasing focus on the healthcare industry across the globe is expected to offer lucrative opportunities for key players in the coming years.
Scope of the Report
The report on the global medical equipment maintenance market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Medical Equipment Maintenance Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018-2019 |
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Forecast Period |
2021-2028 |
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Segmentation |
Device Type (Diagnostic Imaging Equipment, Electrosurgical Equipment, Endoscopic Devices, Surgical Equipment, Medical Lasers, Ophthalmology Equipment, Patient Monitoring & Life Support Devices, Dental Equipment, Laboratory Equipment, Durable Medical Equipment, and Radiotherapy Devices), Service Type (Preventive Maintenance, Corrective Maintenance, and Operational Maintenance), Service Provider (Multi-Vendor OEMs, Single-vendor OEMs, Independent Service Organization, and In-house Maintenance), End-users (Hospitals, Diagnostic Imaging Centers, Dialysis Centers, Ambulatory Surgical Centers, Dental Clinics & Specialty Clinics, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players covered in the Report |
GE Healthcare, Siemens Medical Solutions USA, Inc., Koninklijke Philips N.V.,Medtronic, FUJIFILM Holdings America Corporation, CANON MEDICAL SYSTEMS CORPORATION, Carestream Health., Drägerwerk AG & Co. KGaA, Hitachi, Ltd., Althea Group., Olympus Medical Systems India Private Limited, and B. Braun Melsungen AG |
Global Medical Equipment Maintenance Market Segment Insights
Based on the device type, the market is divided into diagnostic imaging equipment, electrosurgical equipment, endoscopic devices, surgical equipment, medical lasers, ophthalmology equipment, patient monitoring & life support devices, dental equipment, laboratory equipment, durable medical equipment, and radiotherapy devices. The diagnostic imaging equipment segment is expected to account for a key share of the market during the forecast period due to the rising use of diagnostic imaging technology for minimally invasive surgeries and dentistry.
In terms of service type, the medical equipment maintenance market is segregated into preventive maintenance, corrective maintenance, and operational maintenance. The preventive segment is projected to account for a considerable share of the market during the forecast period. Service providers are likely to benefit from the rising focus on implementing preventative maintenance practices among healthcare organizations in the coming years.
On the basis of service providers, the market is segregated into multi-vendor OEMs, single-vendor OEMs, independent service organizations, and in-house maintenance. The multi-vendor OEMs segment is anticipated to account for a significant share of the market during the forecast period. The total cost of maintenance services under multi-vendor management is lower than single-vendor OEM contracts, while the quality of services is similar to that of the latter. Outsourcing to a service provider that provides multi-vendor services (MVS) can save 20% on costs, which is expected to drive the segment during the forecast period.
In terms of end-uses, the medical equipment maintenance market is segregated into hospital, diagnostic imaging centers, dialysis centers, ambulatory surgical centers, dental clinics & specialty clinics, and others. The hospital segment is projected to account for a considerable share of the market during the forecast period. Hospitals are forming alliances and collaborations with medical device maintenance service providers to develop in-house repair facilities or outsource maintenance services as a result of the increasing patient intake.
On the basis of regions, the global medical equipment maintenance market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. In 2020, North America held the dominant share of the market. Presence of well equipped healthcare facilities such as hospitals and diagnostic imaging centers, rising installation base for sophisticated medical technologies in healthcare facilities, are driving the market. In 2020, the US held a key share of the global medical equipment maintenance market. Strong foundation of independent service providers and in-house maintenance, and rising installation base for medical devices in healthcare institutions, are driving the market in the region.
Segments
Segments Covered in the Report:By Device Type
- Diagnostic Imaging Equipment
- CT Scanners
- MRI Systems
- Ultrasound Systems
- X-Ray Systems
- Mammography Systems
- Angiography Systems
- Fluoroscopy Systems
- Nuclear Imaging Equipment (PET/SPECT)
- Electrosurgical Equipment
- Endoscopic Devices
- Surgical Equipment
- Medical Lasers
- Ophthalmology Equipment
- Patient Monitoring & Life Support Devices
- Ventilators
- Anesthesia Monitoring Equipment
- Infusion Pumps
- Dialysis Equipment
- Other Life Supported Devices & Patient Monitoring Devices
- Dental Equipment
- Dental Radiology Equipment
- Dental Laser Devices
- Other Dental Equipment
- Laboratory Equipment
- Durable Medical Equipment
- Radiotherapy Devices
- Preventive Maintenance
- Corrective Maintenance
- Operational Maintenance
- Multi-vendor OEMs
- Single-vendor OEMs
- Independent Service Organization
- In-house Maintenance
- Hospital
- Diagnostic Imaging Centers
- Dialysis Centers
- Ambulatory Surgical Centers
- Dental Clinics &Specialty Clinics
- Others
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East &Africa
- GE Healthcare
- Siemens Medical Solutions USA, Inc
- Koninklijke Philips N.V
- Medtronic
- FUJIFILM Holdings America Corporation
- CANON MEDICAL SYSTEMS CORPORATION
- Carestream Health
- Drägerwerk AG & Co
- KGaA
- Hitachi, Ltd
- Althea Group
- Olympus Medical Systems India Private Limited
- B. Braun Melsungen AG
Competitive Landscape
Key players in the market are GE Healthcare, Siemens Medical Solutions USA, Inc., Koninklijke Philips N.V.,Medtronic, FUJIFILM Holdings America Corporation, CANON MEDICAL SYSTEMS CORPORATION, Carestream Health., Drägerwerk AG & Co. KGaA, Hitachi, Ltd., Althea Group., Olympus Medical Systems India Private Limited, and B. Braun Melsungen AG
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Equipment Maintenance Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Equipment Maintenance Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Equipment Maintenance Market - Supply Chain
4.5. Global Medical Equipment Maintenance Market Forecast
4.5.1. Medical Equipment Maintenance Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Equipment Maintenance Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Medical Equipment Maintenance Market Absolute $ Opportunity
5. Global Medical Equipment Maintenance Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Medical Equipment Maintenance Market Size and Volume Forecast by End Users
5.3.1. Hospital Diagnostic Imaging Centers Dialysis Centers Ambulatory Surgical Centers Dental Clinics &Specialty Clinics Others
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Medical Equipment Maintenance Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Medical Equipment Maintenance Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Medical Equipment Maintenance Demand Share Forecast, 2019-2026
7. North America Medical Equipment Maintenance Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Medical Equipment Maintenance Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Medical Equipment Maintenance Market Size and Volume Forecast by End Users
7.4.1. Hospital Diagnostic Imaging Centers Dialysis Centers Ambulatory Surgical Centers Dental Clinics &Specialty Clinics Others
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Medical Equipment Maintenance Demand Share Forecast, 2019-2026
8. Latin America Medical Equipment Maintenance Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Medical Equipment Maintenance Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Medical Equipment Maintenance Market Size and Volume Forecast by End Users
8.4.1. Hospital Diagnostic Imaging Centers Dialysis Centers Ambulatory Surgical Centers Dental Clinics &Specialty Clinics Others
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Medical Equipment Maintenance Demand Share Forecast, 2019-2026
9. Europe Medical Equipment Maintenance Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Medical Equipment Maintenance Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Medical Equipment Maintenance Market Size and Volume Forecast by End Users
9.4.1. Hospital Diagnostic Imaging Centers Dialysis Centers Ambulatory Surgical Centers Dental Clinics &Specialty Clinics Others
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Medical Equipment Maintenance Demand Share Forecast, 2019-2026
10. Asia Pacific Medical Equipment Maintenance Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Medical Equipment Maintenance Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Medical Equipment Maintenance Market Size and Volume Forecast by End Users
10.4.1. Hospital Diagnostic Imaging Centers Dialysis Centers Ambulatory Surgical Centers Dental Clinics &Specialty Clinics Others
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Medical Equipment Maintenance Demand Share Forecast, 2019-2026
11. Middle East & Africa Medical Equipment Maintenance Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Medical Equipment Maintenance Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Medical Equipment Maintenance Market Size and Volume Forecast by End Users
11.4.1. Hospital Diagnostic Imaging Centers Dialysis Centers Ambulatory Surgical Centers Dental Clinics &Specialty Clinics Others
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Medical Equipment Maintenance Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Medical Equipment Maintenance Market: Market Share Analysis
12.2. Medical Equipment Maintenance Distributors and Customers
12.3. Medical Equipment Maintenance Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. GE Healthcare Siemens Medical Solutions USA, Inc Koninklijke Philips N.V Medtronic FUJIFILM Holdings America Corporation CANON MEDICAL SYSTEMS CORPORATION
Methodology
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