Press release
Medical Equipment Maintenance Market to Reach USD 48,257.4 Million by 2025 | Renowned Players like Carestream Health, AGFA-GEVAERT GROUP, DRÄGERWERK AG & CO. KGAA, Canon, Medtronic, Hitachi, Olympus Corporation
Market Scenario: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.
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. On the other hand, high initial cost & significant maintenance expenditure and lack of skilled professionals are hampering the growth of the market.
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Market Benefits:
Increase in health care expenditure and rise in demand for innovative medical equipment have to substantial increase in demands of medical equipment manufacturing industry. These medical equipment are utilized for the wellbeing of people. They have been widely utilized for the wellbeing of human lives in each and every department of healthcare. For example calibration is an important procedure for any device and equipment, in order to improve and maintain its precision and accuracy.
Right functioning of medical equipment is very important for nearly all healthcare professional for example nurses, doctors and others. Medical devices & equipment enable health care personnel to precisely measure patient’s health. These are used from diagnostic procedures to therapeutic treatments, helping doctors in emergency hospital room, operating table, and surgeries. If a piece of medical device fails abruptly, this can turn fatal for patient and doctor. Hence, all the medical equipment need to be maintained properly in order to gain optimum functionality. Generally, all equipment including medical require maintenance, user training, calibration, and decommissioning. These activities are managed by clinical engineers.
Top Industry Players:
The key market players for Global medical equipment maintenance market are listed below:
• Carestream Health (a subsidiary of ONEX corporation)
• AGFA-GEVAERT GROUP
• DRÄGERWERK AG & CO. KGAA
• Canon Inc.
• Medtronic
• Hitachi, Ltd
• Olympus Corporation
• Althea Group (TBS G.B. TELEMATIC & BIOMEDICAL SERVICES LTD and Pantheon Healthcare Group)
• Siemens AG
• B. Braun Melsungen AG
• KARL STORZ GMBH & CO. KG
• FUJIFILM HOLDINGS CORPORATION
• SHIMADZU CORPORATION
• Alpha Source, Inc. (BC Technical, Inc.)
• SAMSUNG MEDISON CO., LTD
• HOYA Corporation (PENTAX MEDICAL)
• Medipass Healthcare Limited
• GRUPO EMPRESARIAL ELECTROMÉDICO
• Aramark
• GE HEALTHCARE
• Koninklijke Philips N.V.
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Market Segments:
The market is further segmented into:
• Device
• Service Type
• Service Provider
• End-user
Global medical equipment maintenance market is segmented on the basis of device into imaging equipment, endoscopic device surgical instrument, electro-medical equipment and others. In 2018, imaging equipment is expected to dominate the market with 32.5% market share and is expected to reach 16,350.2 million by 2025, growing at the highest CAGR of 8.2% in the forecast period 2018 to 2025.
Global medical maintenance equipment market is segmented on the basis of services type into preventive maintenance, corrective maintenance, and operational maintenance. In 2018, global preventive maintenance market is expected to dominate market with 45.4% market share and is expected to reach 22,471.7 million by 2025, growing at the highest CAGR of 8.0% in the forecast period 2018 to 2025.
Global medical maintenance equipment market is segmented on the basis of service provider into original equipment manufacturers, independent service organizations and in-house maintenance. In 2018, global medical maintenance equipment original equipment manufacturers market is expected to dominate market with 47.0% market share and is expected to reach 23,052.2 million by 2025, growing at the highest CAGR of 7.9% in the forecast period 2018 to 2025.
The original equipment manufacturers segment is further sub-segmented into multi-vendor OEMs and single-vendor OEMs. In 2018, global medical maintenance equipment multi-vendor OEMs market is expected to dominate market with 54.1% market share and is expected to reach 12,873.9 million by 2025, growing at the highest CAGR of 8.4% in the forecast period 2018 to 2025.
Global medical maintenance equipment market is segmented on the basis of end-user into public-sector organizations and private-sector organizations. In 2018, global medical maintenance equipment private-sector organizations market is expected to dominate market with 57.2% market share and is expected to reach 28,053.7 million by 2025, growing at the highest CAGR of 7.8% in the forecast period 2018 to 2025.
Based on geography, the market is segmented into 5 geographical regions:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa
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