REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 99.18 billion | 10.44% | North America |
By Device Type | By Service Type | By Technology |
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SCOPE OF THE REPORT
Medical Equipment Maintenance Market Overview
The global medical equipment maintenance market is expected to grow at a 10.44% CAGR from 2022 to 2029. It is expected to reach above 99.18 USD billion by 2029 from 41.39 USD billion in 2020.
One of the most important measures for ensuring widespread access to diagnostics, preventative, assistive, and therapeutic services is the availability and maintenance of medical devices. Medical equipment must be kept in working condition and calibrated on a regular basis to ensure its efficiency and accuracy. Planned Preventive Maintenance is maintenance done to extend the life of equipment and prevent it from failing.
Medical equipment maintenance is critical in order to protect the item and assure its operating efficiency and accuracy. Healthcare equipment is both expensive and complicated, necessitating the process of maintenance. Aside from that, it plays an important function in device calibration and lowering the danger of contamination.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Million) |
Segmentation | Â By Device Type, By Service Type, By Technology, By End Users, By Region |
By Device Type
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By Service Type
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By Technology
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By End User
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By Region
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Furthermore, the growing patient population, increased emphasis on early diagnosis, an increase in the number of diagnostic imaging procedures, the presence of a large number of OEMs, and strategic agreements and collaborations between service providers and end users are the primary factors driving the growth of the medical equipment maintenance market. One of the primary reasons driving the growth of the medical equipment repair market is the implementation of innovative finance strategies throughout the world. Increased usage for treatment, diagnosis, analysis, and teaching in the healthcare business, as well as a boom in the acquisition of reconditioned medical equipment, drive market expansion.
The growth in initiatives between governments and third-party suppliers of medical services that result in improved scenarios, as well as the increased emphasis on preventative medical equipment maintenance, all have an impact on the market. Even rising disposable income, an increase in the incidence of the senior population, a rise in healthcare expenditure, and developments in healthcare infrastructure all benefit the medical equipment maintenance market.
However, high initial costs, significant maintenance costs, and budgetary insufficiency as a result of excessive spending are expected to hinder industry expansion. The medical equipment maintenance industry is expected to face challenges due to a shortage of experienced technicians and biomedical engineers, as well as compliance concerns with new MDR requirements.
The COVID-19 pandemic spread throughout the world and that disrupted the supply chain globally. Due to lockdown, the production process of all industries was halted, closed or diverted towards recovering the covid patients and that resulted in significant impact on the medical equipment maintenance market. Throughout the pandemic, the medical equipment maintenance market worked tirelessly to ensure that critical devices such as ventilators functioned properly. Issues such as a labor shortage and transportation constraints hampered market operations. As the world markets have opened-up, they are focusing on having advanced medical devices and are expected to gain potential growth in the medical equipment maintenance market.
Medical Equipment Maintenance Market Segment Analysis
The global medical equipment maintenance market is segmented by device type, service type, technology, end-user, and region.
Based on the device type segment, the medical equipment maintenance market includes Diagnostic Imaging Equipment, Electrosurgical Equipment, Endoscopic Devices, Surgical Equipment, Medical Lasers, and Ophthalmology Equipment. Among them, the diagnostic imaging equipment category held the biggest market share. The growing use of diagnostic imaging technologies in the dentistry sector and for minimally invasive surgery is responsible for a substantial proportion of this market.
The medical equipment maintenance market can be classified based on the service type, that is Preventive, Corrective, or Operational. The medical equipment maintenance market is expected to be dominated by the preventative maintenance segment. The rising emphasis among healthcare organizations on implementing preventative maintenance practices is expected to present possibilities for service providers in the future years.
Based on the technology segment, the medical equipment maintenance market includes OEM, ISO, and In-House. The medical equipment maintenance industry was dominated by multi-vendor OEMs. The overall cost of maintenance services offered under multi-vendor management is cheaper than that of single-vendor OEM contracts with comparable service quality. Outsourcing to a service provider offering multi-vendor services (MVS) might result in a 20% cost reduction, which is likely to fuel the expansion of this category throughout the projection period.
Based on the end user segment, the medical equipment maintenance market includes Hospital, ASCs, Diagnostic Imaging centers, Dialysis centers. The hospitals sector accounted for the greatest proportion of the market. The increasing number of patients is prompting hospitals to build alliances and collaborations with medical device maintenance service providers in order to establish state-of-the-art in-house maintenance facilities or to outsource maintenance services.
Medical Equipment Maintenance Market Players
The global medical equipment maintenance market key players include GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Medtronic plc, Canon, Inc., Agfa-Gevaert Group, Carestream Health, Inc., Drägerwerk AG & Co. KGaA, Hitachi Medical Corporation, Althea Group, Olympus Corporation and others.
Various businesses are focusing on organic growth tactics such as new launches, product approvals, and other things like patents and events. Mergers &Â Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the market. These initiatives such as developing new products and upgrading others, have paved the road for market participants to expand their business. These market players in the medical equipment maintenance market are expected to benefit from attractive growth prospects in the future.
Who Should Buy? Or Key stakeholders
- Government and research organization
- Investors
- Trade Associations
- Pharmaceutical Industry
- Medical Equipment Manufacturers
- Scientific research organization
- Healthcare Industry
Medical Equipment Maintenance Market Regional Analysis
The medical equipment maintenance market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of the MEA
North America has a dominating share in the global medical equipment maintenance market due to growing demand for medical devices and increase in chronic diseases. Followed by Asia Pacific & Europe, owing to expansion in the healthcare sector.
Key Market Segments: Medical Equipment Maintenance Market
Medical Equipment Maintenance Market by Device Type, 2020-2029, (USD Million)
- Diagnostic Imaging Equipment
- Electrosurgical Equipment
- Endoscopic Devices
- Surgical Equipment
- Medical Lasers
- Ophthalmology Equipment
Medical Equipment Maintenance Market by Service Type, 2020-2029, (USD Million)
- Preventive
- Corrective
- Operational
Medical Equipment Maintenance Market by Technology, 2020-2029, (USD Million)
- OEM
- ISO
- In-House
Medical Equipment Maintenance Market by End Users, 2020-2029, (USD Million)
- Hospital
- ASCS
- Diagnostic Imaging Centers
- Dialysis Center
Medical Equipment Maintenance Market by Region, 2020-2029, (USD Million)
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
Important Countries in All Regions Are Covered
Table of Content
TABLE OF CONTENTS
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON MEDICAL EQUIPMENT MAINTENANCE MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET OUTLOOK
- GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE
- DIAGNOSTIC IMAGING EQUIPMENT
- ELECTROSURGICAL EQUIPMENT
- ENDOSCOPIC DEVICES
- SURGICAL EQUIPMENT
- MEDICAL LASERS
- OPHTHALMOLOGY EQUIPMENT
- GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE
- PREVENTIVE
- CORRECTIVE
- OPERATIONAL
- GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY
- OEM
- ISO
- IN-HOUSE
- GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER
- HOSPITAL
- ASCS
- DIAGNOSTIC IMAGING CENTRES
- DIALYSIS CENTRE
- GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY REGION
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- GE HEALTHCARE
- SIEMENS HEALTHINEERS
- KONINKLIJKE PHILIPS N.V.
- MEDTRONIC PLC
- CANON, INC.
- AGFA-GEVAERT GROUP
- CARESTREAM HEALTH, INC.
- DRÄGERWERK AG & CO. KGAA
- HITACHI MEDICAL CORPORATION
- ALTHEA GROUP
- OLYMPUS CORPORATION
- STRYKER CORPORATION *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 2Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 3Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 4Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 5Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET BY REGION (USD MILLIONS) 2020-2029
TABLE 6Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 9Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â US MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 10Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 11Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 12Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 13Â Â Â Â Â Â Â Â Â Â Â Â Â CANADA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 14Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 15Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 16Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 17Â Â Â Â Â Â Â Â Â Â Â Â Â MEXICO MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 18Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 19Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 20Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 21Â Â Â Â Â Â Â Â Â Â Â Â Â BRAZIL MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 22Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 23Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 24Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 25Â Â Â Â Â Â Â Â Â Â Â Â Â ARGENTINA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 26Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 27Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 28Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 29Â Â Â Â Â Â Â Â Â Â Â Â Â COLOMBIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 30Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 31Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 32Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 33Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF SOUTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 34Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 35Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 36Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 37Â Â Â Â Â Â Â Â Â Â Â Â Â INDIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 38Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 39Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 40Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 41Â Â Â Â Â Â Â Â Â Â Â Â Â CHINA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 42Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 43Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 44Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 45Â Â Â Â Â Â Â Â Â Â Â Â Â JAPAN MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 46Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 47Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 48Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 49Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH KOREA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 50Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 51Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 52Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 53Â Â Â Â Â Â Â Â Â Â Â Â Â AUSTRALIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 54Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 55Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 56Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 57Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH-EAST ASIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 58Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 59Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 60Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 61Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF ASIA PACIFIC MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 62Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 63Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 64Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 65Â Â Â Â Â Â Â Â Â Â Â Â Â GERMANY MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 66Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 67Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 68Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 69Â Â Â Â Â Â Â Â Â Â Â Â Â UK MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 70Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 71Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 72Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 73Â Â Â Â Â Â Â Â Â Â Â Â Â FRANCE MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 74Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 75Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 76Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 77Â Â Â Â Â Â Â Â Â Â Â Â Â ITALY MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 78Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 79Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 80Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 81Â Â Â Â Â Â Â Â Â Â Â Â Â SPAIN MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 82Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 83Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 84Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 85Â Â Â Â Â Â Â Â Â Â Â Â Â RUSSIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 86Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 87Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 88Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 89Â Â Â Â Â Â Â Â Â Â Â Â Â REST OF EUROPE MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 90Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 91Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 92Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 93Â Â Â Â Â Â Â Â Â Â Â Â Â UAE MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 94Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 95Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 96Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 97Â Â Â Â Â Â Â Â Â Â Â Â Â SAUDI ARABIA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 98Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 99Â Â Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 100Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 101Â Â Â Â Â Â Â Â Â Â Â SOUTH AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
TABLE 102Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE (USD MILLIONS) 2020-2029
TABLE 103Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE TYPE (USD MILLIONS) 2020-2029
TABLE 104Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY TECHNOLOGY (USD MILLIONS) 2020-2029
TABLE 105Â Â Â Â Â Â Â Â Â Â Â REST OF MIDDLE EAST AND AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET BY END USER (USD MILLIONS) 2020-2029
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL MAINTANENCE MARKET BY DEVICE TYPE, USD MILLION, 2020-2029
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL MAINTANENCE MARKET BY SERVICE TYPE, USD MILLION, 2020-2029
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL MAINTANENCE MARKET BY TECHNOLOGY, USD MILLION, 2020-2029
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL MAINTANENCE MARKET BY END USER, USD MILLION, 2020-2029
FIGURE 12Â Â Â Â Â Â Â Â Â Â GLOBAL MEDICAL MAINTANENCE MARKET BY REGION, USD MILLION, 2020-2029
FIGURE 13          PORTER’S FIVE FORCES MODEL
FIGURE 14Â Â Â Â Â Â Â Â Â Â NORTH AMERICA MEDICAL MAINTANENCE MARKET SNAPSHOT
FIGURE 15Â Â Â Â Â Â Â Â Â Â EUROPE MEDICAL MAINTANENCE MARKET SNAPSHOT
FIGURE 16Â Â Â Â Â Â Â Â Â Â ASIA PACIFIC MEDICAL MAINTANENCE MARKET SNAPSHOT
FIGURE 17Â Â Â Â Â Â Â Â Â Â SOUTH AMERICA MEDICAL MAINTANENCE MARKET SNAPSHOT
FIGURE 18Â Â Â Â Â Â Â Â Â Â MIDDLE EAST & AFRICA MEDICAL MAINTANENCE MARKET SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â GE HEALTHCARES: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â SIEMENS HEALTHINEERS: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â MEDTRONIC PLC: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â CANONS, INC.: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â AGFA-GEVAERT GROUP: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â CARESTREAM HEALTHS, INC.: COMPANY SNAPSHOT
FIGURE 26          DRÄGERWERK AG & CO. KGAA: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â HITACHI MEDICAL CORPORATIONS: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â ALTHEA GROUP: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â OLYMPUS CORPORATIONS: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â STRYKER CORPORATIONS: COMPANY SNAPSHOT
FAQ
The Medical Equipment Maintenance market size will cross USD 41.39 billion in 2020 and will observe a CAGR of more than 10.44% up to 2029 driven by the rising healthcare IT and medical devices.
North America accounted for a 43% share of the medical equipment maintenance market in 2020 and is expected to maintain its dominance during the forecast period.
Growing patient population, increased emphasis on early diagnosis, an increase in the number of diagnostic imaging procedures, the presence of a large number of OEMs, and strategic agreements and collaborations between service providers and end users are the primary factors driving the growth of the medical equipment maintenance market. High initial costs, significant maintenance costs, and budgetary insufficiency as a result of excessive spending are expected to hinder industry expansion. One of the primary reasons driving the growth of the medical equipment repair market is the implementation of innovative finance strategies throughout the world.
Superior medical infrastructure, increased chronic illness incidence, higher healthcare spending, and a significant number of hospitals and ambulatory surgical facilities, US is leading the growth in North America. North America accounted for a large share of the medical equipment maintenance market in 2020 and is expected to maintain its dominance during the forecast period.
Due to the growing senior population, government measures to improve healthcare services, and rising healthcare spending, Asia-Pacific is expected to have the highest CAGR in coming years.
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