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Medical Equipment Maintenance Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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Global Medical Equipment Maintenance Market is estimated to value over USD 47 billion by 2026 end with a CAGR of 9.4% during the forecast period 2019-2026. Medical equipment maintenance deals with the servicing of this equipment to ensure that they
Medical Equipment Maintenance Market Global Trends, Market Share, Industry
Size, Growth, Opportunities, and Market Forecast 2019 to 2026
Global Medical Equipment Maintenance Market is estimated to value over USD 47
billion by 2026 end with a CAGR of 9.4% during the forecast period 2019-2026.
Medical equipment maintenance deals with the servicing of this equipment to
ensure that they are operating as per the requirements and are free from errors. This
is one of the factors that positively impact the growth of the market. Additionally,
rise in the purchase of refurbished medical system is also contributing the market
growth. Most of the medical equipment are high-priced and hence any ignorance in
their maintenance results in huge monetary losses which increases the demand for
medical equipment maintenance thus assisting in market growth. Due to the
advancements in technology, operating such equipment is difficult; thus timely
maintenance of equipment is the key.
Imaging equipment device type is anticipated to be the major sector contributing to
the market growth and positively influencing CAGR. As imaging equipment are vital
and are in demand worldwide irrespective of region, cost and complexity to operate.
Based on service type, the market is further divided into preventive maintenance,
corrective maintenance and operational maintenance; of which, preventive
maintenance is expected to be dominating sector in comparison with others. The
need for reducing errors and hence further loss leads to increased demand for
preventive maintenance which is one of the major growth contributors in CAGR.
OEMs are anticipated to be dominating segment in the market owing to high service
standards and cost-effective solutions and expert technicians.
North America is poised to dominate the market growth followed by the Asia Pacific
region. US is expected to significantly contribute to the global market growth owing
to soaring population and health problems in this region. Increase in expenditure and
technological developments in the healthcare sector will boost the market growth in
Asia Pacific region.
Key players in this medical equipment maintenance market are GE Healthcare (A
General Electric Company), Siemens Healthineers (A Division of Siemens AG),
Koninklijke Philips N.V., Canon Inc., FUJIFILM Holdings Corporation, Aramark
Services, Inc., Althea (Previously Pantheon Healthcare Group, A Part of Permira
Group), Drägerwerk AG & Co. KGaA, Agfa-Gevaert Group,B. Braun Melsungen AG,
Carestream Health, Inc. (Subsidiary of Onex Corporation), Olympus Corporation, Bc
Technical, Inc. (Part of Alpha Source Group), Hitachi Medical Corporation (Hitachi,
Ltd.) and Karl Storz GmbH & Co. Kg.
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Global Medical Equipment Maintenance Market Segmentation:
By Device Type:
● Imaging Equipment
○ Advanced Imaging Modalities
■ CT
■ X-ray
■ Other Advanced Imaging Modalities
○ Primary Imaging Modality
■ Digital X-ray
■ Ultrasound
■ Other Primary Medical Imaging Modalities
● Electro-medical Equipment
● Endoscopic Devices
● Surgical Instruments
● Other Medical Equipment
● Life Support Devices
● Dental Equipment
By Service Type:
● Preventive Maintenance
● Corrective Maintenance
● Operational Maintenance
By Service Provider Type:
● Original Equipment Manufacturer (OEM)
● Independent Service Organizations (ISO)
● In-house Maintenance
By Region:
● North America
● Europe
● Asia Pacific
● Latim America
● Rest of the World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Key Takeaways:
● SWOT analysis
● New advancements in the maintenance of medical equipment
● Innovation in service offerings and use of IoT
Objectives of the Study:
● To provide with an exhaustive analysis on the medical equipment maintenance
market by device, by service, by the service provider and by region
● To cater comprehensive information on factors impacting market growth
(drivers, restraints, opportunities, and industry-specific restraints)
● To evaluate and forecast micro-markets and the overall market
● To predict the market size, in key regions (along with countries)— North America,
Europe, Asia Pacific, Latin America and the rest of the world
● To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
● Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology
2.1 Market Size Estimation
2.2 Market Breakdown and Data Triangulation
2.3 Assumptions for the Study
3 Executive Summary
4 Premium Insights
4.1 Medical Equipment Management Market Overview
4.2 Global Market, By Device Type & Region (2019)
4.3 Imaging Equipment Maintenance Market, By Modality, 2019 vs 2026 (USD
Billion)
4.4 Global Market, By Service Type, 2019 vs 2026 (USD Billion)
4.5 Global Market, By Service Provider, 2019 vs 2026 (USD Billion)
4.6 Global Market: Geographical Snapshot
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth in the Associated Equipment Markets
5.2.1.2 Rising Focus on Preventive Medical Equipment Maintenance
5.2.1.3 Adoption of Innovative Funding Mechanisms
5.2.1.4 Increasing Purchase of Refurbished Medical Systems
5.2.2 Restraints
5.2.2.1 High Initial Cost and Significant Maintenance Expenditure
5.2.3 Opportunities
5.2.3.1 Innovation in Service Offerings and Use of IoT
5.2.3.2 Emergence of ISOs
5.2.4 Challenges
5.2.4.1 Survival of Players in A Highly Fragmented and Competitive
Market
5.2.5 Trends
5.2.5.1 Preference for Multi-Vendor Contracts
5.2.5.2 Equipment Maintenance Insurance (EMI) Tools for Imaging
Centers
6 Regulatory Standards
6.1 Introduction
6.1.1 ISO Standards
6.1.1.1 ISO 9001:2015
6.1.1.2 ISO 13485:2016
7 Medical Equipment Maintenance Market, By Device Type
7.1 Introduction
7.2 Imaging Equipment
7.2.1 Advanced Imaging Modalities
7.2.1.1 CT
7.2.1.2 MRI
7.2.1.3 Other Advanced Medical Imaging Modalities
7.2.2 Primary Imaging Modalities
7.2.2.1 Digital X-Ray
7.2.2.2 Ultrasound
7.2.2.3 Other Primary Medical Imaging Modalities
7.3 Electromedical Equipment
7.4 Endoscopic Devices
7.5 Surgical Instruments
7.6 Other Medical Equipment
7.6.1 Life Support Devices
7.6.2 Dental Equipment
8 Medical Equipment Maintenance Market, By Service Type
8.1 Introduction
8.2 Preventive Maintenance
8.3 Corrective Maintenance
8.4 Operational Maintenance
9 Medical Equipment Maintenance Market, By Service Provider
9.1 Introduction
9.2 Original Equipment Manufacturers
9.2.1 Multi-Vendor OEMs
9.2.2 Single-Vendor OEMs
9.3 Independent Service Organizations
9.4 In-House Maintenance
10 Medical Equipment Maintenance Market, By End User
10.1 Introduction
10.2 Public Organizations
10.3 Private Organizations
11 Medical Equipment Maintenance Market, By Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.3 Europe
11.3.1 Germany
11.3.2 France
11.3.3 UK
11.3.4 Italy
11.3.5 Spain
11.3.6 RoE
11.4 Asia
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 RoA
11.5 RoW
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Situation and Trends
12.3.1 Agreements, Partnerships, and Collaborations
12.3.2 Service Launches
12.3.3 Acquisitions
12.3.4 Expansions
13 Company Profiles
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments,
FutureWise Perspective)*
13.1 GE Healthcare (A General Electric Company)
13.2 Siemens Healthineers (A Division of Siemens AG)
13.3 Koninklijke Philips N.V.
13.4 Canon Inc.
13.5 FUJIFILM Holdings Corporation
13.6 Aramark Services, Inc.
13.7 Althea (Previously Pantheon Healthcare Group, A Part of Permira Group)
13.8 Drägerwerk AG & Co. KGaA
13.9 Agfa-Gevaert Group
13.10 B. Braun Melsungen AG
13.11 Carestream Health, Inc. (Subsidiary of Onex Corporation)
13.12 Olympus Corporation
13.13 Bc Technical, Inc. (Part of Alpha Source Group)
13.14 Hitachi Medical Corporation (Hitachi, Ltd.)
13.15 Karl Storz GmbH & Co. Kg
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