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Medical Equipment Maintenance Market Size is Forecasted to Reach US$ 65 Billion by 2030

The global medical equipment maintenance market size is forecasted to reach from US$ 46 billion in 2021 to US$ 65 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 10.5% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.

The medical equipment maintenance market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

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he rapid growth of themedical 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.

Scope of the Medical Equipment Maintenance Market Report

Report Highlights Details
Market Size USD 65 Billion by 2030
Growth Rate CAGR of 10.5% From 2021 to 2030
Largest Market North America
Fastest Growing Market Asia Pacific
Segments Covered Equipment, Service, Region
Forecast Period 2021 to 2030

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the global medical equipment maintenance market are listed as below:

  • GE Healthcare
  • Siemens Healthineers
  • Koninklijke Philips N.V.
  • Drägerwerk AG & Co. KGaA
  • Medtronic
  • B. Braun Melsungen AG
  • Aramark
  • BC Technical, Inc.
  • Alliance Medical Group
  • Althea Group

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. The presence of high number of health care companies along with the various contract manufacturing organizations and contract research organizations is benefiting the market in this region.

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. The rising number of hospital admissions will foster the demand for the medical equipment maintenance in the Asia Pacific region, and will lead to the growth of the market during the forecast period.

The rising awareness regarding preventive maintenance of medical devices and increasing funding in innovative devices are the factors which led to the market in the coming years. Moreover, the increasing awareness of safety of devices, advanced in area of healthcare devices are the driving factors for the growth of the market.

The high costs associated with the maintenance of the devices may hamper the growth of the market. Further, lack of adequate infrastructure and capital in the underdeveloped and developing nations may hamper the market growth during the forecast period.

The introduction of latest technologies such as artificial intelligence and machine learning may provide growth prospects to the market players in the upcoming future, and drive the market growth.

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.

In March 2021, iFixit, is an American e-commerce and how-to website which sells repair part, launched a massive repair database for ventilators and other devices in order to help hospitals and clinics during the Covid-19 pandemic.

Segments Covered in the Report

By Equipment

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

By Service

  • Preventive Maintenance
  • Corrective Maintenance
  • Operational Maintenance

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Why should you invest in this report?

If you are aiming to enter the global medical equipment maintenance market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for medical equipment maintenance are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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TABLE OF CONTENT

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

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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