Medical Equipment Maintenance Market Introduction:

Medical Equipment Maintenance Market is poised to value over USD 60 billion by 2028 end at a CAGR of over 9.1% during the forecast period 2021 to 2028.

Currently, there are several medical types of equipment like electrocardiograph, syringe pump, X-ray unit, ventilator unit, centrifuge, autoclave etc. in the healthcare industry. These are used for diagnosis, treatment, analysis and also for educational purposes in professional medical courses. Since most of these are expensive and sophisticated equipment, their maintenance is a necessity. Maintenance of medical equipment ensures that it is operating accurately and is free from errors. Owing to technological advancements a variety of medical equipments are developed based on recent health conditions.

The increased demand for healthcare equipment and hence the need for their maintenance is one factor influencing its market growth. Along with this, its role in calibration, reducing errors and risk of contamination, etc. contribute to market demand and hence the growth.

According to the type of device, the market is segmented into imaging equipment, electro-medical equipment, endoscopic devices, surgical instruments, life support devices, dental equipment and other medical equipment. Imaging equipment is further divided into advanced imaging modalities like CT, MRI etc. and primary imaging modalities like digital imaging, ultrasound etc.

Further, the market is segmented by type of service. It is classified as preventive maintenance, corrective maintenance and operational maintenance; each of which deals with servicing of equipment to prevent error, to resolve the error and to ensure the precise working of equipment respectively. By service provider, the market is bifurcated into original equipment manufacturers (OEM) and independent service organizations (ISO), and in-House Maintenance. OEM is subdivided into single-vendor OEMs and multi-vendor OEMs. By End User the market is segmented into public organizations and private organizations.

The global market is divided into North America, Europe, US, Canada, Germany, France, UK, Italy, Spain, RoE, Asia, Japan, China, India and RoA.

Countries like US, India and China are supposed to be one of the major market regions due to increased health problems and population.

The major companies in this market are 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.) and Karl Storz GmbH & Co. Kg.

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
  • Rest of the World

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, US, Asia, UK, India, China, etc.
  • 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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  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

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