Medical Equipment Maintenance Market Size, Growth Projections, Trends, Company Analysis and Forecast 2021 to 2030

The Recent Report study on Medical Equipment Maintenance Market Size By Equipment, By Service – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021 – 2030.

Medical Equipment Maintenance Market size is expected to hit USD 65 billion by 2030 from at USD 46 billion in 2021, growing at a notable CAGR of 10.5% from 2021 to 2030.

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What are the Growth Factors?

The rapid growth of the medical equipment maintenance market is owing to increase in healthcare expenses and increase in advanced medical equipment. The increase in patient population, rising number of diagnostic centers, presence of large numbers of OEMs, and technological advancement in the equipment are the major factors for the growth of the medical equipment maintenance market.

Moreover, medical equipment maintenance is majorly used in the covid-19 pandemic. The pandemic has led to rise in demand for the medical devices such as ventilators. The wide usage of the ventilators in the pandemic has increased the demand for medical equipment maintenance. This is a major factor that boosts the growth of the global medical equipment maintenance market.

The market has gain a major traction as preventive and corrective maintenance are gaining prominence as planned inspections, and medical device maintenance helps to reduce the incidents and related accidents. The medical equipment maintenance medical equipment maintenance is expected to change the way the hospitals and clinics operate by introducing innovative methods for the maintenance.

Report Highlights

• Based on the equipment, the imaging equipment segment is the leading and the fastest-growing segment. This can be attributed to the rise in diagnostic procedures and increasing heart diseases are driving the segment.
• Based on the service, the corrective maintenance segment dominated the market. It includes replacement or restoration of the devices or components of the devices to reinstate the physical integrity after unexpected failure.
• North America dominated the market in 2020. This is attributed to the presence of strong base of healthcare facilities and growing installation base for advanced medical technologies in healthcare facilities in the countries like US and Canada.
• Asia Pacific is expected to be the most opportunistic market during the forecast period. The rising government expenditure to develop strong healthcare infrastructure and government policies to attract FDIs is expected to play a significant role in the growth of the medical equipment maintenance market in the region.

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OBJECTIVES OF THE STUDY

• To analyze and forecast the Vehicle Tracking Systems market, in terms of value and volume
• To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
• To define, segment, and project the size of the global Vehicle Tracking Systems market on the product type, end-use and other segments
• To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
• To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
• To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
• To strategically profile key players and comprehensively analyze their core competencies
• To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Vehicle Tracking Systems market

Research Methodology

• Market estimate for 2021
• Average selling price (ASP) per region for specific product type
• Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
• Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
• National government documents, statistical databases
• News articles, press releases, and webcasts specific to companies operating in the market
• Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
• Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on Vehicle Tracking Systems market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

• Company Overview
• Company Market Share/Positioning Analysis
• Product Offerings
• Financial Performance
• Recent Initiatives
• Key Strategies Adopted by Players
• Vendor Landscape
• List of Suppliers
• List of Buyers

Segments Covered in the Report

By Equipment

• Imaging Equipment
• Electromedical Equipment
• Endoscopic Devices
• Surgical Instruments
• Other

By Service

• Preventive Maintenance
• Corrective Maintenance
• Operational Maintenance

By Geography

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Medical Equipment Maintenance Market 

5.1. COVID-19 Landscape: Medical Equipment Maintenance Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Medical Equipment Maintenance Market, By Equipment

8.1. Medical Equipment Maintenance Market, by Equipment Type, 2021-2030

8.1.1. Imaging Equipment

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Electromedical Equipment

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Endoscopic Devices

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Surgical Instruments

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Others

8.1.5.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Medical Equipment Maintenance Market, By Service

9.1. Medical Equipment Maintenance Market, by Service, 2021-2030

9.1.1. Preventive Maintenance

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Corrective Maintenance

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Operational Maintenance

9.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Medical Equipment Maintenance Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.1.2. Market Revenue and Forecast, by Service (2019-2030)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.1.3.2. Market Revenue and Forecast, by Service (2019-2030)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Service (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.2. Market Revenue and Forecast, by Service (2019-2030)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.3.2. Market Revenue and Forecast, by Service (2019-2030)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Service (2019-2030)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Service (2019-2030)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Service (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.2. Market Revenue and Forecast, by Service (2019-2030)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.3.2. Market Revenue and Forecast, by Service (2019-2030)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Service (2019-2030)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Service (2019-2030)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Service (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.2. Market Revenue and Forecast, by Service (2019-2030)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.3.2. Market Revenue and Forecast, by Service (2019-2030)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Service (2019-2030)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Service (2019-2030)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Service (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.5.2. Market Revenue and Forecast, by Service (2019-2030)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.5.3.2. Market Revenue and Forecast, by Service (2019-2030)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Equipment (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Service (2019-2030)

Chapter 11. Company Profiles

11.1. GE Healthcare

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Siemens Healthineers

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Koninklijke Philips N.V.

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Drägerwerk AG & Co. KGaA

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Medtronic

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. B. Braun Melsungen AG

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Aramark

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. BC Technical, Inc.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Alliance Medical Group

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Althea Group

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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