Medical Equipment Maintenance Market Research Report

Market Overview:

The global medical equipment maintenance market is expected to exhibit a growth rate (CAGR) of 9.1% during 2023-2028.

Medical devices are utilized from diagnostics to surgeries and treatments to precisely check the health of patients. Consequently, their maintenance also plays a crucial role in maintaining and improving the accuracy and precision of medical devices. Medical equipment maintenance ensures that the devices are error-free and operating accurately. It involves identifying the lifespan of equipment ranging from small instruments, such as sphygmomanometers, to complex devices like Magnetic Resonance Imaging (MRI) machines. It is also concerned with frequency-schedule activities, repairs for out-of-service equipment, optimization, and setting maintenance intervals based on meaningful data. In recent years, there has been an increasing need for maintaining medical instruments with the rising demand for the refurbished medical equipment and the growing prevalence of life-threatening diseases.

The global medical equipment maintenance market is primarily driven by the increasing purchase of renewed medical systems. The maintenance process assists various organizations in managing the assets to keep their expenditure under control while ensuring the quality of healthcare delivery. Apart from this, the preventive maintenance approach is gaining prominence as planned inspections help avoid adverse incidents and medical device-related accidents and aid healthcare institutions to enhance patient safety and care quality. The maintenance process is also known to reduce equipment downtown by enhancing day-to-day operations and improving the reliability of the devices. Besides this, the growing adoption of new technologies has increased the medical equipment sales, which, in turn, is promoting their maintenance demand. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global medical equipment maintenance market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on device type, service type, service provider and end-user.

Breakup by Device Type:

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

Breakup by Service Type:

• Preventive Maintenance
• Corrective Maintenance
• Operational Maintenance
   

Breakup by Service Provider:

• Original Equipment Manufacturers
• Independent Service Organizations
• In-House Maintenance
   

Breakup by End-User:

• Private Organizations
• Public Organizations
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alliance Medical Group (Life Healthcare Group), Althea Group, Aramark, B. Braun Melsungen AG, BC Technical Inc. (Alpha Source Inc.), Drägerwerk AG & Co. KGaA, FUJIFILM Holdings Corporation, HOYA Corporation, Koninklijke Philips N.V., Medtronic plc and Siemens AG.

Report Coverage:

Key Questions Answered in This Report:

• How has the global medical equipment maintenance market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global medical equipment maintenance market?
• What are the key regional markets?
• What is the breakup of the market based on the device type?
• What is the breakup of the market based on the service type?
• What is the breakup of the market based on the service provider?
• What is the breakup of the market based on the end-user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global medical equipment maintenance market and who are the key players?
• What is the degree of competition in the industry?