Medical Equipment Maintenance Market (By Service Type: Preventive, Operational, Corrective; By Device Type: Electromedical Equipment, Imaging Equipment, Surgical Instruments, Endoscopic Devices, Other Medical Equipment; By Service Provider: Original Equipment Manufacturers, Independent Service Organizations, In-House Maintenance; By End-User: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Other End-Users) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

The global medical equipment maintenance market size is projected to reach around US$ 70,100 Mn by 2027 and growing at a CAGR of 11% during the forecast period 2020 to 2027.

The effective, reliable and precise test results are needed for diagnostic procedures, for patient supervision and to prevent device breakdown there is need to ensure appropriate medical equipment maintenance. Maintenance of medical equipment may be preventive, operational, or corrective. Adequate maintenance of equipment is vital to better healthcare facilities and compliance with the relevant regulatory requirements in all health care facilities.

Market Insights

The concentration has increased on the protection of medical equipment, as health institutions are seeking to improve the quality and patients safety. It involves an innovative plan, in which maintenance operations are carried out on a schedule in order to prevent more costly maintenance throughout the track. This also leads to reducing maintenance on facilities, which increases everyday operations and the durability of facilities. Preventive maintenance is common as scheduled inspections and maintenance of medical equipment tend to prevent incidents of adverse effects and injuries involved with medical equipment. Daily repair facilities ensure that medical equipment is used safely, efficiently and durable. However, growing focus on preventive maintenance policies by health organizations is the factor that offers growth opportunity for service provider during forecast period.

Imaging equipment has significant share in the medical equipment maintenance market due to advancement in technology and increasing spending by healthcare provider for patient health. The increasing demand of imaging equipment maintenance is due to rising prevalence of chronic diseases and significant number of diagnostic tests performed in healthcare sector is the factors likely to boost the demand in the market. Furthermore, the government and non-governmental organizations are taking numerous initiatives in the sector of preventive maintenance of medical equipment. It is expected to improve the growth in the medical equipment maintenance market during forecast period.

Report coverage

The market research study on “Medical Equipment Maintenance Market (By Service Type: Preventive, Operational, and Corrective; By Device Type: Electromedical Equipment, Imaging Equipment, Surgical Instruments, Endoscopic Devices, and Other Medical Equipment; By Service Provider: Original Equipment Manufacturers, Independent Service Organizations, and In-House Maintenance; By End-User: Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, and Other End-Users) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global medical equipment maintenance market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global medical equipment maintenance market are service type, device type, service provider, end-user, and major geographic regions. The medical equipment maintenance market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.

North America hold the large share of the global medical equipment maintenance market and is projected to continue its position during forecast period. Due to increasing focus for medical equipment maintenance and avoid equipment breakdown. North America was followed by Europe and is second largest market for medical equipment maintenance in 2019. The factor that drives the Europe market is high adoption of the medical equipment maintenance. Furthermore, Asia Pacific is a lucrative growing region due to increasing geriatric population, and increasing number of patients with life-associated disease. Latin America and Middle East & Africa is expected to show a moderate growth during forecast period.

Key Players

Global medical equipment maintenance market is fragmented with the presence of original equipment manufacturers and third-party service providers. Market players are focusing on simplifying the service access and regional expansions to increase their market share. Major players included in this report Carestream Health, AGFA-Gevaert Group, Canon Inc., Medtronic, Hitachi Ltd, Siemens AG, Olympus Corporation, B. Braun Melsungen AG, Fujifilm Holdings Corporation, Karl Storz GmbH & CO. Alpha Source Inc., Samsung Medison Co. Ltd, GE Healthcare, Koninklijke Philips N.V. and others.

The global medical equipment maintenance market is segmented as below:

Market Segmentation

Medical Equipment Maintenance Market By Service Type

• Preventive
• Operational
• Corrective

Medical Equipment Maintenance Market By Device Type

• Electromedical Equipment
• Imaging Equipment
• Surgical Instruments
• Endoscopic Devices
• Other Medical Equipment

Medical Equipment Maintenance Market By Service Provider

• Original Equipment Manufacturers
• Independent Service Organizations
• In-House Maintenance

Medical Equipment Maintenance Market By End-User

• Hospitals
• Ambulatory Surgical Centers
• Diagnostic Centers
• Other End-Users

Medical Equipment Maintenance Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa