Global Medical Equipment Maintenance Market Projected to Reach USD 63.31 Billion by 2026

29-Aug-2020 | Facts and Factors

Findings from Facts and Factors report “Medical Equipment Maintenance Market by Device Type (Imaging Equipment, Electro-medical Equipment, Endoscopic Devices, Surgical Instruments, and Other Medical Equipment), By Service Type (Preventive Maintenance, Corrective Maintenance, and Operational Maintenance), By Service Provider (Original Equipment Manufacturers, Independent Service Organizations, and In-House Maintenance), By End User (Public Organizations and Private Organizations), and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global medical equipment maintenance market in 2019 was approximately USD 31.8 Billion. The market is expected to grow at a CAGR of 10.3% and is anticipated to reach around USD 63.31 Billion by 2026.

Global Medical Equipment Maintenance Market Size

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In recent years, the management of medical devices has taken on a new level of complexity due, in part, to the increased maturity and automation of hardware, convergence with electronic networks, and ever-increasing criteria for security, safety, reliability, and accuracy. Also, the ongoing COVID-19 pandemic has created a huge demand for medical equipment maintenance, which is propelling the growth of the global market. However, the lockdown situation in many leading countries also affected the supply of raw materials. Key manufacturers are also facing issues to run their facilities and operate at full capacity.

Browse the full “Medical Equipment Maintenance Market by Device Type (Imaging Equipment, Electro-medical Equipment, Endoscopic Devices, Surgical Instruments, and Other Medical Equipment), By Service Type (Preventive Maintenance, Corrective Maintenance, and Operational Maintenance), By Service Provider (Original Equipment Manufacturers, Independent Service Organizations, and In-House Maintenance), By End User (Public Organizations and Private Organizations), and Regions: Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/medical-equipment-maintenance-market-by-device-type-imaging-1267

Increasing technological advancements, growing focus on preventive medical equipment maintenance, coupled with growth in the associated equipment markets are factors driving the growth of the global market. However, high initial costs may hinder the growth of the global market over the forecast period. Nevertheless, emerging economies worldwide are expected to create lucrative growth opportunities for the key operating players in the global medical equipment maintenance market.

The global medical equipment maintenance market is segmented based on device type, service type, service provider, and end-user. On the device type, the global market is categorized as electro medical equipment, imaging equipment, endoscopic devices, surgical instruments, and other medical equipment. Based on the service type segment the global market is divided into preventive maintenance, corrective maintenance, and operational maintenance. By service provider segment the global market is segregated as in-house maintenance, independent service organizations, and original equipment manufacturers. The global market can be divided into public organizations and private organizations based on the end-user segment.

Based upon the region the global market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2020-2026. This is attributed to the stringent government regulations, and the presence of leading players in the countries of this region Europe is expected to hold the second-largest share and Asia Pacific is anticipated to grow at significant CAGR in the near future. The growth in the Asia Pacific countries is the presence of a favorable business environment in the countries of the Asia Pacific.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 31.8 Billion

Projected Market Size in 2026

USD 63.31 Billion

Growth Rate

CAGR 10.3%

Base Year

2019

Forecast Years

2020–2026

Key Market Players

Aramark Services, Inc., Karl Storz GmbH & Co. Kg, FUJIFILM Holdings Corporation, Olympus Corporation, Hitachi Medical Corporation (Hitachi, Ltd.), Bc Technical, Inc. (Part of Alpha Source Group, Drägerwerk AG & Co. KGaA, Carestream Health, Inc. (Subsidiary of Onex Corporation), Althea (Previously Pantheon Healthcare Group, A Part of Permira Group), Agfa-Gevaert Group, B. Braun Melsungen AG, Koninklijke Philips N.V., Canon Inc and Others

Key Segment

By Device Type, By Service Type, By Service Provider, By End User and By Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

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Key players operating in the medical equipment maintenance market not restricted to include Siemens Healthineers (A Division of Siemens AG), Aramark Services, Inc., Karl Storz GmbH & Co. Kg, FUJIFILM Holdings Corporation, Olympus Corporation, Hitachi Medical Corporation (Hitachi, Ltd.), Bc Technical, Inc. (Part of Alpha Source Group, Drägerwerk AG & Co. KGaA, Carestream Health, Inc. (Subsidiary of Onex Corporation), Althea (Previously Pantheon Healthcare Group, A Part of Permira Group), Agfa-Gevaert Group, B. Braun Melsungen AG, Koninklijke Philips N.V., Canon Inc., and GE Healthcare (A General Electric Company). Key operating players in the global medical equipment maintenance market are aiming towards mergers and acquisitions in order to get a competitive edge in the market. 

This report segments the medical equipment maintenance market as follows:

Global Medical Equipment Maintenance Market: By Device Type

  • Imaging Equipment
    • Advanced Imaging Modalities
      • CT
      • MRI
      • Other Advanced Medical Imaging Modalities
    • Primary Imaging Modalities
      • Digital X-Ray
      • Ultrasound
      • Other Primary Medical Imaging Modalities
  • Electromedical Equipment
  • Endoscopic Devices
  • Surgical Instruments
  • Other Medical Equipment
    • Life Support Devices
    • Dental Equipment

Global Medical Equipment Maintenance Market: By Service Type

  • Preventive Maintenance
  • Corrective Maintenance
  • Operational Maintenance

Global Medical Equipment Maintenance Market: By Service Provider

  • Original Equipment Manufacturers
    • Multi-Vendor OEMs
    • Single-Vendor OEMs
  • Independent Service Organizations
  • In-House Maintenance

Global Medical Equipment Maintenance Market: By End User

  • Public Organizations
  • Private Organizations

Global Medical Equipment Maintenance Market: Regional Segmentation Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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