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Explore medical equipment maintenance market to reach $ 24.83 billion by 2022

Medical Market Research

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.

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Medical equipment maintenance market segmented into imaging equipment, electro medical devices, endoscopic devices, surgical instruments, & other medical equipment. In 2017, imaging equipment segment expected to account for largest share of medical equipment maintenance market.

This segment also expected to grow at highest CAGR during forecast period. Market growth attributed to high demand for maintenance services of imaging equipment, due to their high replacement cost & need for ensuring maximum equipment uptime.

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North America expected to account for largest share of medical equipment maintenance market. This market also expected to grow at highest CAGR during forecast period.

Factors like increasing aging population & incidence of lifestyle-related diseases, access to quality healthcare, well-established healthcare infrastructure, high adoption of advanced technology, & presence of prominent players are supporting growth of medical equipment maintenance market in this region.

Stakeholders of the Medical Equipment Maintenance Market 

  • Medical equipment manufacturers and suppliers
  • Independent services organizations (ISOs)
  • Healthcare institutions (hospitals and outpatient clinics)
  • Academic institutes and universities
  • Distributors and suppliers of electromedical equipment and services
  • Research and consulting firms

Study estimates medical equipment maintenance market size for 2017 & projects its demand till 2022. In primary research process, various sources from both demand side & supply side were interviewed to obtain qualitative & quantitative information of report.

Primary sources from demand side included various industry CEOs, vice presidents, marketing directors, technology & innovation directors, & related key executives from various original equipment manufacturers (OEMs) & independent service organizations (ISOs) in medical equipment maintenance & services market.

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The medical equipment maintenance market, by service type is segmented into corrective, preventive, and operational maintenance. In 2017, preventive maintenance is expected to account for the largest share of the market.

Technological advancements in medical devices and the consequent need for their preventive maintenance are expected to fuel market growth in this segment.

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%

Medical equipment maintenance market highly competitive with presence of both OEMs & ISOs. GE Healthcare (U.S.), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Toshiba Medical System Corporation (Japan), FUJIFILM Holdings Corporation (Japan), Carestream Health, Inc. (U.S.), Agfa-Gevaert Group (Belgium), Drägerwerk AG & Co. KGaA (Germany), Hitachi Medical Corporation (Japan) are some of the leading OEMs; whereas, Aramark Services, Inc. (U.S.), TBS Group S.p.A. (Italy), BC Technical, Inc. (U.S.), Alliance Medical Group (U.K.), Pantheon Group (Italy), and Avensys UK Ltd. (U.K.) are some of leading ISOs operating in global market.

Click now for More Queries, Information, on this study “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” research at…ing?rname=1070912 .

The medical equipment maintenance market is segmented into original equipment manufacturers (OEMs), independent service organizations (ISOs), and in-house maintenance. In 2017, OEMs are expected to account for the largest share of the market.

The large share of the OEMs segment can primarily be attributed to their service quality, wide geographic presence, and strong technical expertise.

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