According to the latest report by IMARC Group, titled “Medical Equipment Maintenance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global medical equipment maintenance market grew at a CAGR of around 8% during 2015-2020. Looking forward, IMARC Group expects the global medical equipment maintenance market to exhibit moderate growth during 2021-2026.
Medical equipment maintenance ensures the accuracy and precision of medical devices. It includes identifying the lifecycle of equipment ranging from complex appliances like Magnetic Resonance Imaging (MRI) machines to small instruments, such as sphygmomanometers. Medical equipment maintenance is also associated with repairs for out-of-service equipment, frequency-schedule activities, optimization, and setting maintenance intervals depending on the meaningful data. Currently, the increased need for maintaining medical instruments is related to the high prevalence of life-threatening diseases.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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The rising prominence of maintenance process to keep the expenditures under control while ensuring the quality of healthcare delivery is primarily driving the market growth. Moreover, to enhance patient safety and care quality, there is increasing adoption of preventive maintenance approach as planned inspections that is securing prominence to avoid adverse incidents and accidents related to medical devices. Furthermore, the medical equipment maintenance process improves the dependability of the devices and heightens day-to-day operations that reduce equipment downtown, thereby catalyzing the market growth. Besides this, the growing installation of updated technologies has augmented medical equipment sales, which will continue to bolster the global market for medical equipment maintenance in the coming years.
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Key Market Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Alliance Medical Group (Life Healthcare Group)
- Althea Group
- Braun Melsungen AG
- BC Technical Inc. (Alpha Source Inc.)
- Drägerwerk AG & Co. KGaA
- FUJIFILM Holdings Corporation
- HOYA Corporation
- Koninklijke Philips N.V.
- Medtronic plc
- Siemens AG
Breakup by Device Type:
- Imaging Equipment
- Electromedical Equipment
- Endoscopic Devices
- Surgical Instruments
Breakup by Service Type:
- Preventive Maintenance
- Corrective Maintenance
- Operational Maintenance
Breakup by Service Provider:
- Original Equipment Manufacturers
- Independent Service Organizations
- In-House Maintenance
Breakup by End Use:
- Private-Sector Organizations
- Public-Sector Organizations
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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