Medical Equipment Maintenance Market Report 2018 by Industry Analysis, Research, Share, Growth, Sales, Trends, Supply, Forecast to 2025

Global medical equipment maintenance market is expected to reach USD 48,257.4 million by 2025 from USD 27,060.0 million in 2017, at a CAGR of 7.6% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Segmentation:

Device (Imaging Equipment, Endoscopic Device, Surgical Instrument, Electro-Medical Equipment), Service Type (Preventive Maintenance, Corrective Maintenance, Operational Maintenance), Service Provider (Original Equipment Manufacturers, Independent Service Organizations, In-House Maintenance), End User (Private-Sector Organizations, Public-Sector Organizations), Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa)

Drivers:

The major factors contributing to the growth of the market includes factors such as rising focus on preventive medical equipment maintenance, increasing preference for purchase of refurbished medical equipment, rising investments of key companies to build healthcare infrastructure, technological advancements for complex equipment maintenance, increasing number of public-private partnerships.

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RISING FOCUS ON PREVENTIVE MEDICAL EQUIPMENT MAINTENANCE

Medical equipment maintenance consists of preventive, predictive, corrective, operational and other types of maintenance. Preventative maintenance has many advantages over other maintenance as it is performed on regular basis to prevent the equipment from failure. Preventive maintenance is performed all through when the equipment is on functioning to prevent it from unexpected interruption. The preventive maintenance extends the lifecycle of equipment and boosts efficiency for running more efficiently. It lowers the power expenses, improves the performance of assets by increasing uptime and it is helpful to develop customer service.

Preventative maintenance has the advantage of planning over less complex strategies. Unplanned reactive maintenance includes lost production, higher costs for parts and shipping. Planned maintenance helps to reduce the maintenance cost and to save the production downtime equipment would shut down for safety measures and essential parts or supplies are collected to minimize repair time. This maintenance does not require condition-based monitoring, which monitors the current state of the equipment, helps to reduce the requirement and cost to conduct and interpret condition monitoring data.

Below are some companies which provide preventative maintenance services:
 Horizon CSA, LLC, medical equipment maintenance, repair and management services provider, offers preventative maintenance throughout hospitals and ancillary healthcare facilities for diagnostic imaging equipment to the simplest of medical devices.
 BiomedRx Inc., a healthcare technology solutions company provides medical equipment maintenance services to healthcare providers and medical device manufacturers, manufacturers and government and civilian healthcare sectors.
 GE Healthcare, a transformational medical technologies and services provider offers the preventive maintenance service for the medical equipment.

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INCREASING PREFERENCE FOR PURCHASE OF REFURBISHED MEDICAL EQUIPMENTS

Medical equipment is used to assist in diagnosis, monitoring or treatment of medical conditions which are technologically advanced and found in simple to complex structure, smaller to huge size and from lighter to heavier weight. There are more than 10,000 types of medical devices available. For different medical conditions different medical equipment or devices are available. The highly advanced technologies make the equipment easily accessible for the healthcare professionals as well as for the patients but at the same time the equipment is at their high cost too.

Some companies provide refurbished medical equipment.

 Soma Technology, Inc., a biomedical enterprise, based in Connecticut, U.S., which provides high quality new and refurbished medical equipment to healthcare facilities worldwide at affordable costs, offers several medical equipment from major companies to healthcare sectors. It offers refurbished equipment from Philips, GE Healthcare, Terumo, FujiFilm Sonosite Inc. and others.
 MYCO Instrumentation, Inc., a laboratory equipment provider and markets high quality used medical equipment to the medical community. It offers high quality used medical equipment from Bayer Ag, Hitachi Ltd., Siemens AG, F. Hoffmann-La Roche Ltd, Medica, Beckman Coulter and others.

RISING INVESTMENTS OF KEY COMPANIES TO BUILD HEALTHCARE INFRASTRUCTURE

The companies tend to strengthen and follow strategies planned to improve innovation and overall productivity in R&D. The R&D department prioritizes to build healthcare infrastructure.

F. Hoffmann-La Roche Ltd.
 Roche, focuses on strengthening infrastructure. In 2014, Roche Sphere Programme in Asia trained 10,726 pathologists, surgeons and technicians. This programme aimed at improving local, national and regional capabilities and infrastructure.
 Roche has expended USD 9,912.87, 10,568.40 and 11,076.83 million on R&D expenditure in 2015, 2016 and 2017 respectively.
 Stryker expended USD 614.0, 625.0 and 715.0 million on expenditure in 2014, 2015 and 2016 respectively.

Major Players:

Some of the major players operating in this market are AGFA-GEVAERT, Canon Inc, Drägerwerk AG & CO. KGaA, Medtronic, Hitachi, Ltd, Fujifilm Holdings Corporation, B. Braun, HOYA Corporation among others.

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TABLE OF CONTENTS GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET
1. INTRODUCTION

1.1. OBJECTIVES OF THE STUDY
1.2. MARKET DEFINITION
1.3. OVERVIEW OF GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET
1.4. CURRENCY AND PRICING
1.5. LIMITATION
1.6. MARKETS COVERED

2. MARKET SEGMENTATION

2.1. MARKETS COVERED
2.2. GEOGRAPHIC SCOPE
2.3. YEARS CONSIDERED FOR THE STUDY
2.4. CURRENCY AND PRICING
2.5. RESEARCH METHODOLOGY
2.6. PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.7. SECONDARY SOURCES
2.8. ASSUMPTIONS

3. MARKET OVERVIEW

3.1. DRIVERS

3.1.1. RISING FOCUS ON PREVENTIVE MEDICAL EQUIPMENT MAINTENANCE
3.1.2. INCREASING PREFERENCE FOR PURCHASE OF REFURBISHED MEDICAL EQUIPMENTS
3.1.3. RISING INVESTMENTS OF KEY COMPANIES TO BUILD HEALTHCARE INFRASTRUCTURE
3.1.4. TECHNOLOGICAL ADVANCEMENTS FOR COMPLEX EQUIPMENT MAINTENANCE
3.1.5. INCREASING NUMBER OF PUBLIC-PRIVATE PARTNERSHIPS

3.2. RESTRAINTS

3.2.1. HIGH INITIAL COST AND SIGNIFICANT MAINTENANCE EXPENDITURE
3.2.2. LACK OF SKILLED PROFESSIONALS

3.3. OPPORTUNITIES

3.3.1. KEY STRATEGIES INCORPORATED BY VARIOUS COMPANIES
3.3.2. UNTAPPED POTENTIAL IN EMERGING COUNTRIES

3.4. CHALLENGES

3.4.1. NEWER ALTERNATIVES TO OFFER TAILOR-MADE PRODUCTS

4. EXECUTIVE SUMMARY

5. PREMIUM INSIGHTS

6. GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE

6.1. OVERVIEW

6.2. IMAGING EQUIPMENT

6.2.1. ADVANCED IMAGING MODALITIES
6.2.2. PRIMARY IMAGING MODALITIES

6.3. ENDOSCOPIC DEVICE
6.4. SURGICAL INSTRUMENT
6.5. ELECTRO-MEDICAL EQUIPMENT
6.6. OTHERS

6.6.1. LIFE SUPPORT DEVICES
6.6.2. DENTAL EQUIPMENT

7. GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE TYPE

7.1. OVERVIEW
7.2. PREVENTIVE MAINTENANCE
7.3. CORRECTIVE MAINTENANCE
7.4. OPERATIONAL MAINTENANCE

8. GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER

8.1. OVERVIEW

8.2. ORIGINAL EQUIPMENT MANUFACTURER (OEM)

8.2.1. MULTI-VENDOR OEMS
8.2.2. SINGLE-VENDOR OEMS

8.3. INDEPENDENT SERVICE ORGANIZATIONS

8.4. IN-HOUSE MAINTENANCE

9. GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END USER

9.1. OVERVIEW
9.2. PRIVATE-SECTOR ORGANIZATIONS
9.3. PUBLIC-SECTOR ORGANIZATIONS

10. GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET, BY GEOGRAPHY

10.1. OVERVIEW

10.2. NORTH AMERICA

10.2.1. U.S.
10.2.1. CANADA
10.2.2. MEXICO

10.3. EUROPE

10.3.1. GERMANY
10.3.2. FRANCE
10.3.3. U.K.
10.3.4. ITALY
10.3.5. SPAIN
10.3.6. SWITZERLAND
10.3.7. NETHERLANDS
10.3.8. TURKEY
10.3.9. BELGIUM
10.3.10. RUSSIA
10.3.11. REST OF EUROPE

10.4. ASIA PACIFIC

10.4.1. JAPAN
10.4.2. CHINA
10.4.3. INDIA
10.4.4. SOUTH KOREA
10.4.5. AUSTRALIA
10.4.6. SINGAPPRE
10.4.7. THAILAND
10.4.8. MALAYSIA
10.4.9. INDONESIA
10.4.10. PHILIPPINES
10.4.11. REST OF ASIA PACIFIC

10.5. SOUTH AMERICA

10.5.1. BRAZIL
10.5.2. REST OF SOUTH AMERICA

10.6. MIDDLE EAST AND AFRICA

10.6.1. SOUTH AFRICA
10.6.2. REST OF MIDDLE EAST AND AFRICA

11. GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET, COMPANY LANDSCAPE

11.1. COMPANY SHARE ANALYSIS: GLOBAL
11.2. COMPANY SHARE ANALYSIS: NORTH AMERICA
11.3. COMPANY SHARE ANALYSIS: EUROPE
11.4. COMPANY SHARE ANALYSIS: ASIA-PACIFIC

12. COMPANY PROFILES

12.1. CARESTREAM HEALTH (A SUBSIDIARY OF ONEX CORPORATION)

12.1.1. COMPANY OVERVIEW
1.1.1. CARESTREAM HEALTH: COMPANY SNAPSHOT
1.1.2. SERVICES
1.1.3. RECENT DEVELOPMENTS

12.2. AGFA-GEVAERT GROUP

12.2.1. COMPANY OVERVIEW
1.1.4. AGFA-GEVAERT GROUP: REVENUE ANALYSIS
12.2.2. SERVICES
1.1.5. RECENT DEVELOPMENTS

12.3. DRÄGERWERK AG & CO. KGAA

12.3.1. COMPANY OVERVIEW
12.3.2. DRÄGERWERK AG & CO. KGAA: REVENUE ANALYSIS
12.3.3. SERVICE
1.1.6. RECENT DEVELOPMENTS

12.4. CANON INC.

12.4.1. COMPANY OVERVIEW
1.1.7. CANON INC. CORPORATION: REVENUE ANALYSIS
12.4.2. SERVICES
12.4.3. RECENT DEVELOPMENTS

12.5. MEDTRONIC

12.5.1. COMPANY OVERVIEW
12.5.2. MEDTRONIC: REVENUE ANALYSIS
12.5.3. SERVICES
12.5.4. RECENT DEVELOPMENTS

12.6. HITACHI, LTD

12.6.1. COMPANY OVERVIEW
1.1.8. HITACHI: REVENUE ANALYSIS
12.6.2. SERVICES
12.6.3. RECENT DEVELOPMENTS

12.7. OLYMPUS CORPORATION

12.7.1. COMPANY OVERVIEW
12.7.2. OLYMPUS CORPORATION: REVENUE ANALYSIS
12.7.3. SERVICES
12.7.4. RECENT DEVELOPMENTS

12.8. ALTHEA GROUP (TBS G.B. TELEMATIC & BIOMEDICAL SERVICES LTD AND PANTHEON HEALTHCARE GROUP)

12.8.1. COMPANY OVERVIEW
12.8.2. ALTHEA GROUP (TBS G.B. TELEMATIC & BIOMEDICAL SERVICES LTD AND PANTHEON HEALTHCARE GROUP) REVENUE ANALYSIS
12.8.3. SERVICES OF TBS G.B. TELEMATIC & BIOMEDICAL SERVICES LTD
12.8.4. RECENT DEVELOPMENTS OF TBS G.B. TELEMATIC & BIOMEDICAL SERVICES LTD
12.8.5. SERVICES OF PANTHEON HEALTHCARE GROUP
12.8.6. RECENT DEVELOPMENTSOF PANTHEON HEALTHCARE GROUP

12.9. SIEMENS AG

12.9.1. COMPANY OVERVIEW
12.9.2. SIEMENS AG: REVENUE ANALYSIS
12.9.3. SERVICES
1.9.1. RECENT DEVELOPMENTS

12.10. B. BRAUN MELSUNGEN AG

12.10.1. COMPANY OVERVIEW
12.10.2. B. BRAUN MELSUNGEN AG: REVENUE ANALYSIS
12.10.3. SERVICES
12.10.4. RECENT DEVELOPMENTS

12.11. AVENSYS UK LTD.

12.11.1. COMPANY OVERVIEW
12.11.2. AVENSYS: COMPANY SNAPSHOT
12.11.3. SERVICES
12.11.4. RECENT DEVELOPMENTS

12.12. KARL STORZ GMBH & CO. KG

12.12.1. COMPANY OVERVIEW
12.12.2. KARL STORZ GMBH & CO. KG: SNAPSHOT
12.12.3. SERVICES
12.12.4. RECENT DEVELOPMENTS

12.13. FUJIFILM HOLDINGS CORPORATION

12.13.1. COMPANY OVERVIEW
12.13.2. FUJIFILM HOLDINGS CORPORATION: REVENUE ANALYSIS
12.13.3. SERVICES
1.9.2. RECENT DEVELOPMENTS

12.14. SHIMADZU CORPORATION

12.14.1. COMPANY OVERVIEW
12.14.2. SHIMADZU CORPORATION: REVENUE ANALYSIS
12.14.3. SERVICES
12.14.4. RECENT DEVELOPMENTS

12.15. ALPHA SOURCE, INC. (BC TECHNICAL, INC.)

12.15.1. COMPANY OVERVIEW
12.15.2. ALPHA SOURCE, INC. (BC TECHNICAL, INC.): COMPANY SNAPSHOT
12.15.3. BC TECHNICAL, INC.
1.9.3. RECENT DEVELOPMENTS

12.16. SAMSUNG MEDISON CO., LTD

12.16.1. COMPANY OVERVIEW
12.16.2. SAMSUNG MEDISON CO., LTD: REVENUE ANALYSIS
12.16.3. SERVICES
12.16.4. RECENT DEVELOPMENTS

12.17. HOYA CORPORATION (PENTAX MEDICAL)

12.17.1. COMPANY OVERVIEW
12.17.2. HOYA CORPORATION: REVENUE ANALYSIS
12.17.3. SERVICES
12.17.4. RECENT DEVELOPMENTS

12.18. MEDIPASS HEALTHCARE LIMITED

12.18.1. COMPANY OVERVIEW
12.18.2. MEDIPASS HEALTHCARE LIMITED: SNAPSHOT
12.18.3. SERVICES
12.18.4. RECENT DEVELOPMENTS

12.19. GRUPO EMPRESARIAL ELECTROMÉDICO

12.19.1. COMPANY OVERVIEW
12.19.2. GRUPO EMPRESARIAL ELECTROMÉDICO: COMPANY SNAPSHOT
12.19.3. SERVICES
12.19.4. RECENT DEVELOPMENTS

12.20. ARAMARK

12.20.1. COMPANY OVERVIEW
12.20.2. SNAPSHOT
12.20.3. SERVICES
12.20.4. RECENT DEVELOPMENTS

12.21. GE HEALTHCARE

12.21.1. COMPANY OVERVIEW
12.21.2. GE HEALTHCARE: REVENUE ANALYSIS
12.21.3. PRODUCT PORTFOLIO
12.21.4. RECENT DEVELOPMENTS

12.22. KONINKLIJKE PHILIPS N.V.

12.22.1. COMPANY OVERVIEW
12.22.2. KONINKLIJKE PHILIPS N.V.: REVENUE ANALYSIS
12.22.3. PRODUCT PORTFOLIO
12.22.4. RECENT DEVELOPMENTS

13. RELATED REPORTS

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