The global medical equipment maintenance market is projected to reach $53.0 billion by 2028, at a CAGR of 3.6% during 2023-2028. The growth of medical equipment maintenance market is driven by growth in the demand for medical equipment, inceasing focus on preventive maintenance, and a wide acceptance of refurbished medical equipment.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the medical equipment maintenance market by device type (imaging equipment (advanced imaging modalities and primary imaging modalities), endoscopic device, surgical instruments, electromedical equipment, and others), service type (preventive maintenance, corrective maintenance, and operational maintenance), service provider (original equipment manufacturers (OEMs) (multi-vendor OEMs and single-vendor OEMs), independent service organizations (ISOs), and in-house maintenance), end user (public sector organizations and private sector organizations), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the medical equipment maintenance market?
Q.4 What are some changing demands of customers in the medical equipment maintenance market?
Q.5 What are the new developments in the medical equipment maintenance market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this medical equipment maintenance area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this medical equipment maintenance market?
Emerging trends, which have a direct impact on the dynamics of the industry, include emergence of ISOs and advancement in imaging equipment technologies.
Market Segmentation:
Based on service type, the medical equipment maintenance market is segmented into preventive maintenance, corrective maintenance, and operational maintenance. The preventive maintenance segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to regular maintenance services ensure safe, efficient, and long lasting use of medical devices.
North America will remain the largest region over the forecast period due to high adoption of advanced technology, well-established healthcare infrastructure, and growing medical device market in this region.
Key Players in the medical equipment maintenance market are GE Healthcare, Siemens Healthineers, Koninklijke Philips, Stryker, Canon, Fujifilm, Hitachi, Shimadzu, Alliance Medical Group, Althea Group.
The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
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