Medical Equipment Maintenance Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The growing burden of chronic diseases such as aortic disease, hypertension, cardiovascular diseases, diabetes, and cancers are facilitating the medical equipment maintenance market growth across the globe. For instance, according to the Centers for Disease Control and Prevention, in 2019, nearly 9,904 deaths were caused due to aortic aneurysms or aortic dissections. Moreover, around 59% of deaths due to aortic aneurysm or aortic dissection happen among men. Furthermore, some other factors boosting the market growth in the country include the high adoption rate of regular maintenance services, rising focus on early diagnosis, rapid increase in the geriatric population, and rise in approvals of medical devices.

According to UnivDatos Market Insights (UMI)’ research report “Global Medical Equipment Maintenance Market Analysis, 2020”, the medical equipment maintenance market is projected to grow at a CAGR of around 10% during 2021-27F. A large number of ongoing research activities in various research institutes, rising government and public-private investments, and various advantages such as reducing error, calibration, and reduced risks of contamination have also led to the growing adoption of the medical equipment maintenance services globally which in turn is driving the market growth.

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Based on the device type, the market is fragmented into imaging equipment, advanced modalities, surgical instruments, endoscopic devices, and electromedical equipment. The imaging equipment segment accounted for a considerable share in 2020 and is anticipated to register a lucrative CAGR during the forecast period owing to the growing prevalence of chronic diseases.  Moreover, increasing early diagnosis, a growing number of diagnostic imaging procedures, and advancements in technology are other factors contributing to the growth of this segment.

Hospitals Segment to Witness Robust growth

Based on end-users, the market is bifurcated into hospitals, ambulatory surgical centers and others. The hospitals segment had the highest revenue and CAGR growth in the analyzed period owing to the increasing construction of hospitals and a surge in the number of surgeries in the hospital settings.

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North America to Grab Lion’s Share, and witnessed Explicit Growth

Based on the region, North America dominated the global medical equipment maintenance market in 2020. The region is projected to maintain its dominance during the forecasted period 2021-27 owing to the increasing chronic disorders and the growing demand for medical devices in the region. North America is expected to skyrocket with a CAGR of XX% in the forecast period owing, as stated in UnivDatos Market Insights (UMI)’ research report “Global Medical Equipment Maintenance Market Analysis, 2020”. 

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Medical equipment maintenance market include GE Healthcare, Koninklijke Philips N.V., Toshiba Medical System Corporation, FUJIFILM Holdings Corporation, Carestream Health, Agfa-Gevaert Group, Hitachi Medical Corporation, Drägerwerk AG & Co. KGaA, Olympus Corporation, Althea Group, among others. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.  

“Global Medical Equipment Maintenance Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for medical equipment maintenance providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Device Type (Imaging Equipment, Advanced Modalities, Surgical Instruments, Endoscopic Devices, and Electromedical Equipment)

2.      By Service Type (Preventative Maintenance, Corrective Maintenance, and Operational Maintenance)

3.      By End-Users (Hospitals and Ambulatory Surgical Center)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (GE Healthcare, Koninklijke Philips N.V., Toshiba Medical System Corporation, FUJIFILM Holdings Corporation, Carestream Health, Agfa-Gevaert Group, Hitachi Medical Corporation, Drägerwerk AG & Co. KGaA, Olympus Corporation, Althea Group, etc.)

Key questions answered in the study:

1.      What are the current and future trends of the medical equipment maintenance industry?

2.      How the industry has been evolving in terms of device type, service type, and end-users?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the medical equipment maintenance industry?

5.      What is the customer orientation, purchase behavior, and expectations from medical equipment maintenance firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET COVID-19 IMPACT

6 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY DEVICE TYPE

8 MARKET INSIGHTS BY SERVICE TYPE

9 MARKET INSIGHTS BY END-USERS

10 MARKET INSIGHTS BY REGION

11 MEDICAL EQUIPMENT MAINTENANCE MARKET DYNAMICS

12 MEDICAL EQUIPMENT MAINTENANCE MARKET OPPORTUNITIES

13 MEDICAL EQUIPMENT MAINTENANCE MARKET TRENDS

14 LEGAL & REGULATORY FRAMEWORK

15 DEMAND AND SUPPLY SIDE ANALYSIS

16 VALUE CHAIN ANALYSIS

17 COMPETITIVE SCENARIO

18 COMPANY PROFILED

19 DISCLAIMER

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