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PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477204
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1477204
Medical Equipment Maintenance Market, By Product, By Maintenance Type, By Service Provider, By End User, By Geography
PUBLISHED:
PAGES: 166 Pages
DELIVERY TIME: 2-3 business days
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The medical equipment maintenance market is estimated to be valued at USD 50.79 Bn in 2024 and is expected to reach USD 96.03 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 50.79 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 9.50% | 2031 Value Projection: | US$ 96.03 Bn |
Figure. Medical Equipment Maintenance Market Share (%), By Region 2024
The medical equipment maintenance market refers to services that ensure the smooth functioning of various medical devices and machinery. Regular maintenance is essential to catch potential defects early and minimize device downtime. It helps extend the lifespan of complex equipment, improve patient outcomes, and reduce healthcare costs in the long run. The market has been growing due to the rising volume of medical devices, their increasing technical sophistication, and need for scheduled servicing and repairs. Furthermore, maintenance services help optimize performance, enhance safety and compliance, deliver ongoing training to staff, and provide technical support during malfunctions or emergencies.
Market Dynamics:
The medical equipment maintenance market is driven by factors such as the increasing global disease burden requiring medical care, rapid technological innovation leading to more advanced diagnostic and therapeutic equipment, and stringent regulatory guidelines mandating maintenance. However, budget constraints within the healthcare industry, lack of skilled technicians, and high initial costs related to maintenance contracts limit the market potential. Key opportunities include providing customized maintenance packages, expanding into emerging countries, offering remote monitoring solutions, and developing predictive maintenance through Internet of Things (IoT) integration and data analytics.
Key Features of the Study:
- This report provides an in-depth analysis of the global medical equipment maintenance market, and provides market size (USD BN) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global medical equipment maintenance market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study includes Koninklijke Philips N.V., Medtronic, GE Healthcare, B. Braun Melsungen AG, Althea Group, Siemens Healthineers, Agiliti, Sodexo Healthcare, Crothall Healthcare, ISS Solutions, Inc., TriMedx, Avante, TRIMED Healthcare, NovaMed Corporation, DiaMedical USA Equipment LLC, Aramark, Stryker, Medigas, RENOVO Solutions, and Steris plc
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global medical equipment maintenance market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global medical equipment maintenance market
Detailed Segmentation-
- By Product:
- Electromedical Equipment
- Surgical Instruments
- Endoscopic Devices
- Imaging Equipment
- Digital X-Ray
- Computed Tomography (CT) Scan
- Ultrasound
- Magnetic Resonance Imaging
- Others
- Other Medical Equipment
- By Maintenance Type:
- Operational Maintenance
- Preventive Maintenance
- Corrective Maintenance
- By Service Provider:
- Original Equipment Manufacturer
- In-house Maintenance
- Independent Service Organization
- By End User:
- Hospitals
- Diagnostic Laboratories
- Ambulatory Surgical Centers
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Company Profiles:
- Koninklijke Philips N.V.
- Medtronic
- GE Healthcare
- Braun Melsungen AG
- Althea Group
- Siemens Healthineers
- Agiliti
- Sodexo Healthcare
- Crothall Healthcare
- ISS Solutions, Inc.
- TriMedx
- Avante
- TRIMED Healthcare
- NovaMed Corporation
- DiaMedical USA Equipment LLC
- Aramark
- Stryker
- Medigas
- RENOVO Solutions
- Steris plc
Product Code: CMI6924
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Maintenance Type
- Market Snapshot, By Service Provider
- Market Snapshot, By End User
- Market Snapshot, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Recent Developments
- Acquisitions and Partnerships Scenario
- Technology Overview
- Regulatory Scenario
- Pricing Analysis
- PEST Analysis
4. Global Medical Equipment Maintenance Market - Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 impact on the market
5. Global Medical Equipment Maintenance Market, By Product, 2019 - 2031, (USD BN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Electromedical Equipment
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Surgical Instruments
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Endoscopic Devices
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Imaging Equipment
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Digital X-Ray
- Computed Tomography (CT) Scan
- Ultrasound
- Magnetic Resonance Imaging
- Others
- Other Medical Equipment
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
6. Global Medical Equipment Maintenance Market, By Maintenance Type, 2019 - 2031, (USD BN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Operational Maintenance
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Preventive Maintenance
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Corrective Maintenance
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
7. Global Medical Equipment Maintenance Market, By Service Provider, 2019 - 2031, (USD BN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Original Equipment Manufacturer
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- In-house Maintenance
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Independent Service Organization
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
8. Global Medical Equipment Maintenance Market, By End User, 2019 - 2031, (USD BN)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Diagnostic Laboratories
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Ambulatory Surgical Centers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD BN)
9. Global Medical Equipment Maintenance Market, By Region, 2019 - 2031, (USD BN)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Regions, 2020-2031
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Maintenance Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Maintenance Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Maintenance Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Maintenance Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Maintenance Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD BN)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Maintenance Type, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Service Provider, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD BN)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD BN)
- North Africa
- Central Africa
- South Africa
10. Competitive Landscape
- Company Profiles
- Koninklijke Philips N.V.*
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Medtronic
- GE Healthcare
- B. Braun Melsungen AG
- Althea Group
- Siemens Healthineers
- Agiliti
- Sodexo Healthcare
- Crothall Healthcare
- ISS Solutions, Inc.
- TriMedx
- Avante
- TRIMED Healthcare
- NovaMed Corporation
- DiaMedical USA Equipment LLC
- Aramark
- Stryker
- Medigas
- RENOVO Solutions
- Steris plc
11. Analyst View
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
12. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact
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