Medical Equipment Maintenance Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Medical Equipment Maintenance Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

  • Transparency Market Research
  • Ongoing
  • Medical Equipments

Report Description

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Global Medical Equipment Maintenance Market: Overview

Increase in health care expenditure and rise in demand for innovative medical equipment have to substantial increase in demands of medical equipment manufacturing industry. These medical equipment are utilized for the wellbeing of people. They have been widely utilized for the wellbeing of human lives in each and every department of healthcare. For example calibration is an important procedure for any device and equipment, in order to improve and maintain its precision and accuracy.

Right functioning of medical equipment is very important for nearly all healthcare professional for example nurses, doctors and others. Medical devices & equipment enable health care personnel to precisely measure patient’s health. These are used from diagnostic procedures to therapeutic treatments, helping doctors in emergency hospital room, operating table, and surgeries. If a piece of medical device fails abruptly, this can turn fatal for patient and doctor. Hence, all the medical equipment need to be maintained properly in order to gain optimum functionality. Generally, all equipment including medical require maintenance, user training, calibration, and decommissioning. These activities are managed by clinical engineers. For example, medical equipment such as medical imaging instruments including magnetic resonance imaging (MRI), medical monitors, and ultrasound examine the medical state condition of the patient. Ventilators are important part of life supporting system. Medical equipment maintenance involves controlling, preparation, and implementation of several different parameters in order to attain superior functionality of the equipment for an extensive span of time.

Global Medical Equipment Maintenance Market: Drivers and Restraints

The global medical equipment maintenance market is estimated to grow at a rapid pace in the next few years. Rapid adoption of new techniques, global rise in number of life threatening diseases and infections which require technically advanced medical instruments, and rise in purchase of renewed medical systems drive the global medical equipment maintenance market. However, rise in cost of medical equipment as well as treatment, lack of technically skilled health care professionals, and substantial cost of maintenance of medical equipment are the factors likely to restrain the global medical equipment maintenance market.

Global Medical Equipment Maintenance Market: Key Segments

The global medical equipment maintenance market can be segmented based on service type, equipment type, and end-user. In terms of equipment type, the medical equipment maintenance market can be classified into surgical instruments, electromedical equipment, endoscopic devices, imaging equipment, and others. Based on service type, the global medical equipment maintenance market can be categorized into precautionary, operative maintenance, and corrective. In terms of end-user, the medical equipment maintenance market can be divided into hospitals, ambulatory surgical centers, diagnostic centers, and others.

Geographically, the global medical equipment maintenance market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are anticipated to dominate the global medical equipment maintenance market during the forecast period. Dominance of the two regions is attributed to technological advancements, rapid adoption of new techniques, and better health care infrastructure supported by government policies. Additionally, presence of the key players of the medical equipment maintenance market with big investment plans, end users and common can easily afford the cost of technologically advanced products which offers safety and quality output are the factors which drives the medical equipment maintenance market in this region. Asia Pacific is a rapidly growing market for medical equipment maintenance. The medical equipment maintenance market in the region is driven by rapidly developing economies such as China and India, rise in awareness about health and hygiene, improved health care infrastructure, and untapped m medical equipment maintenance arket as increase in aging population which lacks proper treatment solutions.

Global Medical Equipment Maintenance Market: Key Players

Key players in the global medical equipment maintenance market are GE Healthcare, Agfa-Gevaert Group, Hitachi Medical Corporation, Koninklijke Philips N.V., Siemens Healthineers, FUJIFILM Holdings Corporation, Carestream Health, Inc., Drägerwerk AG & Co. KGaA, and Toshiba Medical System Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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