North America and Europe Managed Equipment Services (MES) Market, Forecast to 2028

Description

New Business Models and Digital Capabilities Drive Uptake to Address Cost Challenges and Outdated Technology

As the number of aging, technologically obsolete imaging systems at medical facilities increases the need to shift to new imaging equipment with advanced technology, hospitals and imaging centers-especially in developing economies-seek MES models that provide a viable long-term equipment procurement strategy. MES offers technical infrastructure support to a healthcare organization for a service fee through a long-term contract, often over 8 years. Based on technology usage, the service fee includes fixed and variable components such as per patient, test, or diagnosis.

Frost & Sullivan expects MES to sustain steady growth during the next 5 years, fueled by healthcare organizations' need to optimize the total cost of ownership and adopt business models that will help hospitals and imaging facilities shift from capital to operating expenditure. We anticipate the rapid adoption of MES as a business model across radiology practices, especially among mid and small-sized radiology centers.

The study period is 2022-2028, with 2023 as the base year and 2024-2028 as the forecast period. The study overviews the North American and European MES markets, focusing on current scenarios, drivers and restraints, the latest technologies, and notable participants.

Frost & Sullivan segments the MES market into the following categories:

Hospital equipment servicing
Diagnostic imaging centers equipment servicing
Ambulatory surgical center equipment servicing
Others (e.g., physician office radiology practices, independent office-based labs, retail health clinics, and urgent care centers)

We aim to offer stakeholders insights into the MES market to enable them to monetize opportunities arising from this advanced yet dynamic landscape over the next few years.

Product Code: PFB9-50

Strategic Imperatives

Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on MES Providers in North America (NA) and Europe
Growth Opportunities Fuel the Growth Pipeline Engine™

Growth Opportunity Analysis

Scope of Analysis
Definition
Benefits of MES Partnerships
Market Segmentation by End Customer
MES Provider Landscape
Competitors in NA and Europe
Growth Metrics
Growth Drivers
Growth Restraints
Types of MES Providers
The Need and Structure of Long-term Customer Partnership Models
PPPs for MES Agreements
PPP Guidelines for Hospital Infrastructure
6 Characteristics of EvolvingVendor-provider Relationships
Servicing by End Customers
Forecast Methodology and Assumptions
Revenue Forecast
Revenue Forecast by Region
Revenue Forecast by End User
Revenue Forecast Analysis
Competitive Environment
Revenue Share
Revenue Share Analysis
Key Competitors by Service Type
Companies to Watch-MES Providers

North America

Growth Metrics
Medical Imaging Landscape and Infrastructure
Revenue Forecast
Revenue Forecast by Country
Revenue Forecast by End User
Forecast Analysis
Revenue Share
Revenue Share Analysis
Hospital Contracts by Type

Europe

Growth Metrics
Medical Imaging Landscape and Infrastructure
General Data Protection Regulation (GDPR) for Radiology
Revenue Forecast
Revenue Forecast by Country
Revenue Forecast by End User
Forecast Analysis
Revenue Share
Revenue Share Analysis
Hospital Contracts by Type

Growth Opportunity Universe

Growth Opportunity 1: AI for Predictive Analytics during Equipment Maintenance
Growth Opportunity 2: Utilizing Refurbished Imaging Equipment as Part of MES Offerings and Enabling Sustainability Initiatives
Growth Opportunity 3: Digital Transformation in MES Models
Growth Opportunity 4: MES Digitalization Necessitating Cybersecurity

Next Steps

Your Next Steps
Why Frost, Why Now?
List of Exhibits
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