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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.
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:
Breakup by Service Type:
Breakup by Service Provider:
Breakup by End-User:
Breakup by Region:
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.
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