Medical Equipment Maintenance Market Competitive Landscape Analysis 2018-2025: Siemens, GE Healthcare, Philips Healthcare, Dräger, Merck KGaA, Darmstadt, Germany, Medtronic, FUJIFILM Manufacturing Europe BV, BiomedRx, Inc., Horizon CSA & Among

The global medical equipment maintenance market highly concentrated to a few big players and rest to local players who cater to domestic markets only. Siemens AG dominated the medical equipment maintenance market accounting for a highest market share in 2017, followed by GE Healthcare and Philips Healthcare. Other players in this market include 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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Key market players

• Carestream Health (a subsidiary of ONEX corporation)
• AGFA-GEVAERT GROUP
• DRÄGERWERK AG & CO. KGAA
• Canon Inc.
• Medtronic
• Hitachi, Ltd
• Olympus Corporation
• 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.

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.

Covered in this report

The report covers the present scenario and the growth prospects of the global medical maintenance equipment for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.

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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.

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.

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