Market Overview:
The global medical equipment maintenance market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 7.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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 for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, 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
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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.
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?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Medical Equipment Maintenance Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Device Type
6.1 Imaging Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Electromedical Equipment
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Endoscopic Devices
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Surgical Instruments
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Service Type
7.1 Preventive Maintenance
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Corrective Maintenance
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Operational Maintenance
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Service Provider
8.1 Original Equipment Manufacturers
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Independent Service Organizations
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 In-House Maintenance
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End-User
9.1 Private Organizations
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Public Organizations
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alliance Medical Group (Life Healthcare Group)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Althea Group
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Aramark
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 B. Braun Melsungen AG
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 SWOT Analysis
15.3.5 BC Technical Inc. (Alpha Source Inc.)
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Drägerwerk AG & Co. KGaA
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 FUJIFILM Holdings Corporation
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 HOYA Corporation
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Koninklijke Philips N.V.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Medtronic plc
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Siemens AG
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
List of Figures
Figure 1: Global: Medical Equipment Maintenance Market: Major Drivers and Challenges
Figure 2: Global: Medical Equipment Maintenance Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Medical Equipment Maintenance Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Medical Equipment Maintenance Market: Breakup by Device Type (in %), 2020
Figure 5: Global: Medical Equipment Maintenance Market: Breakup by Service Type (in %), 2020
Figure 6: Global: Medical Equipment Maintenance Market: Breakup by Service Provider (in %), 2020
Figure 7: Global: Medical Equipment Maintenance Market: Breakup by End-User (in %), 2020
Figure 8: Global: Medical Equipment Maintenance Market: Breakup by Region (in %), 2020
Figure 9: Global: Medical Equipment Maintenance (Imaging Equipment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Medical Equipment Maintenance (Imaging Equipment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Medical Equipment Maintenance (Electromedical Equipment) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Medical Equipment Maintenance (Electromedical Equipment) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Medical Equipment Maintenance (Endoscopic Devices) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Medical Equipment Maintenance (Endoscopic Devices) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Medical Equipment Maintenance (Surgical Instruments) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Medical Equipment Maintenance (Surgical Instruments) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Medical Equipment Maintenance (Other Device Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Medical Equipment Maintenance (Other Device Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Medical Equipment Maintenance (Preventive Maintenance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Medical Equipment Maintenance (Preventive Maintenance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Medical Equipment Maintenance (Corrective Maintenance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Medical Equipment Maintenance (Corrective Maintenance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Medical Equipment Maintenance (Operational Maintenance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Medical Equipment Maintenance (Operational Maintenance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Medical Equipment Maintenance (Original Equipment Manufacturers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Medical Equipment Maintenance (Original Equipment Manufacturers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Medical Equipment Maintenance (Independent Service Organizations) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Medical Equipment Maintenance (Independent Service Organizations) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Medical Equipment Maintenance (In-House Maintenance) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Medical Equipment Maintenance (In-House Maintenance) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Medical Equipment Maintenance (Private Organizations) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Medical Equipment Maintenance (Private Organizations) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Medical Equipment Maintenance (Public Organizations) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Medical Equipment Maintenance (Public Organizations) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: North America: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: North America: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: United States: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: United States: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Canada: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Canada: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Asia-Pacific: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Asia-Pacific: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: China: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: China: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Japan: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Japan: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: India: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: India: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: South Korea: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: South Korea: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Australia: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Australia: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Indonesia: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Indonesia: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Others: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Others: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Europe: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Europe: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Germany: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Germany: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: France: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: France: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: United Kingdom: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: United Kingdom: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Italy: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Italy: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Spain: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Spain: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Russia: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Russia: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Others: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Others: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Latin America: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Latin America: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Brazil: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Brazil: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Mexico: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Mexico: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Others: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Others: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Middle East and Africa: Medical Equipment Maintenance Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Middle East and Africa: Medical Equipment Maintenance Market: Breakup by Country (in %), 2020
Figure 83: Middle East and Africa: Medical Equipment Maintenance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 84: Global: Medical Equipment Maintenance Industry: SWOT Analysis
Figure 85: Global: Medical Equipment Maintenance Industry: Value Chain Analysis
Figure 86: Global: Medical Equipment Maintenance Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Medical Equipment Maintenance Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Medical Equipment Maintenance Market Forecast: Breakup by Device Type (in Million US$), 2021-2026
Table 3: Global: Medical Equipment Maintenance Market Forecast: Breakup by Service Type (in Million US$), 2021-2026
Table 4: Global: Medical Equipment Maintenance Market Forecast: Breakup by Service Provider (in Million US$), 2021-2026
Table 5: Global: Medical Equipment Maintenance Market Forecast: Breakup by End-User (in Million US$), 2021-2026
Table 6: Global: Medical Equipment Maintenance Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Medical Equipment Maintenance Market: Competitive Structure
Table 8: Global: Medical Equipment Maintenance Market: Key Players