Overview

Medical Equipment Maintenance Market Introduction:

Medical Equipment Maintenance Market is poised to value over USD 62.3 billion by 2027 end at a CAGR of over 10.2% during the forecast period 2020 to 2027.

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
Advanced imaging modalities
CT
X-ray
Other advanced imaging modalities
Primary imaging modality
Digital X-ray
Ultrasound
Other primary medical imaging modalities
Electro-medical equipment
Endoscopic devices
Surgical instruments
Other medical equipment
Life support devices
Dental equipment

By Service Type

Preventive maintenance
Corrective maintenance
Operational maintenance

By Service Provider Type

Original equipment manufacturer (OEM)
Multi-vendor OEMs
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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