Overview

Medical Equipment Maintenance Market is poised to value over USD 50 billion by 2028 end at a CAGR of around 9% during the forecast period 2022 to 2028.

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Medical equipment maintenance is essential for obtaining safe, accurate, and trustworthy test findings for diagnostic procedures, monitoring patient therapy, and avoiding medical device failure. Medical equipment maintenance can be classified as preventive, corrective, or operational. For any healthcare institution to provide superior healthcare services and meet regulatory standards, proper and adequate medical equipment maintenance planning, management, and implementation is required. Medical equipment are the devices that are used to carefully check the health of people, from diagnostics to operations and treatments. The upkeep of these devices is essential for preserving and improving the precision and accuracy of medical equipment maintenance. Medical equipment maintenance ensures that the gadgets are error-free and operate correctly. One of the major factors driving the growth of the medical equipment maintenance market is the implementation of novel finance strategies around the world. Increased use for treatment, diagnosis, analysis, and teaching in the healthcare business, as well as a boom in the acquisition of reconditioned medical systems, are propelling the market forward. The medical equipment maintenance market is also influenced by an increase in initiatives between governments and third-party suppliers of medical services that result in better situations, as well as an increased focus on preventative medical equipment maintenance. Furthermore, the medical equipment maintenance market benefits from increased disposable income, an increase in the elderly population, an increase in healthcare expenditure, and developments in healthcare infrastructure.

In recent years, healthcare institutions have focused more on preventive maintenance of medical equipment to enhance patient safety and care quality. A planned and carefully designed program ensures that maintenance tasks are performed on a regular basis to avoid larger and more costly repairs in the future. Additionally, it helps to reduce equipment downtime, which improves day-to-day operations and increases device reliability. Medical device maintenance and planned inspections help avoid adverse incidents and medical device-related accidents. Regular maintenance of medical devices ensures their efficiency, safety, and long-term effectiveness. As healthcare organizations implement preventive maintenance strategies, service providers will have increased growth opportunities in the coming years. Monitoring and maintaining medical devices helps healthcare providers ensure efficient utilization and maximum uptime. Against a background of austerity measures, controlling total expenditure is also crucial, given the current focus on preventive maintenance. Such programs include asset management, a technology that makes use of advanced algorithms.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Medical Equipment Maintenance Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share, and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Medical Equipment Maintenance Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

Major players included in the Medical Equipment Maintenance Market:
• GE Healthcare (A General Electric Company)
• Siemens Healthineers (A Division of Siemens AG)
• Koninklijke Philips N.V
• Canon Inc
• Fujifilm Holdings Corporation
• Aramark Services, Inc
• Althea (Previously Pantheon Healthcare Group, A Part of Permira Group)
• Drägerwerk AG & Co. KGaA
• Agfa-Gevaert Group
• B. Braun Melsungen AG
• Carestream Health, Inc. (Subsidiary of Onex Corporation)
• Olympus Corporation
• BC Technical, Inc. (Part of Alpha Source Group)
• Hitachi Medical Corporation (Hitachi, Ltd.)
• Karl Storz GmbH & Co. Kg.
(Note: The list of the major players will be updated with the latest market scenario and trends)

Medical Equipment Maintenance Market Segmentation:
By Device Type
• Imaging equipment
o Advanced imaging modalities
• CT
• X-ray
• Other advanced imaging modalities
o Primary imaging modality
• Digital X-ray
• Ultrasound
• Other primary medical imaging modalities
• Electro-medical equipment
• Endoscopic devices
• Surgical instruments
• Other medical equipment
o Life support devices
o Dental equipment
By Service Type
• Preventive Maintenance
• Corrective Maintenance
• Operational Maintenance
By Service Provider Type
• Original equipment manufacturer (OEM)
o Multi-vendor OEMs
o Single-vendor OEMs
• Independent service organizations (ISO)
• In-house maintenance
By End-User
• Public Organizations
• Private Organizations

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Medical Equipment Maintenance Market Sample Video:

Competitive landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players, which are growing rapidly
New Entrants

Futurewise Key Takeaways:

SWOT analysis
New advancements in maintenance of medical equipment
Innovation in service offerings and use of IoT

Objectives of the Study:

To provide with an exhaustive analysis on the medical equipment maintenance market by device type, by service type, by service provider type, by end user and by region.
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America, Middle East and Africa
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies

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