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Medical Equipment Maintenance Market in Asia-Pacific (APAC) to Observe the Highest Growth in the Coming Years

07-22-2019 08:06 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: P&S Intelligence

Medical Equipment Maintenance Market in Asia-Pacific (APAC)

Original equipment manufacturers (OEMs), independent service organizations (ISOs), and in-house maintenance are the types of service provider available in the medical equipment maintenance market. OEMs are expected to hold the largest market share, of more than 70.0%, by 2024. The highest share of OEMs in the market can be attributed to the provision of timely, reliable, and better services offered by them, as compared to other service providers. However, ISOs category is expected to witness the fastest growth during the forecast period, mainly on account of low cost of services provided by them.

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Based on end user, the medical equipment maintenance market is categorized into public-sector and private-sector organizations. Public-sector organizations were larger end users of medical equipment maintenance services during the historical period. This can be attributed to the presence of a large number of publicly-owned healthcare facilities like hospitals and nursing homes. These require frequent equipment maintenance services, due to a large number of diagnostic tests being conducted in these facilities.

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For instance, computed tomography (CT) scanner is being used for diagnostic purposes more than magnetic resonance imaging (MRI) system, due to its better image quality and low side effects. This equipment requires time-to-time maintenance for its glassware (X-ray tube), fans, and bearings for proper functioning. Therefore, the increasing advancement in the medical devices industry is projected to boost the growth of the medical equipment maintenance market in the region, during the forecast period.

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Further, in November 2018, Alpha Source Inc. expanded its service portfolio, including a service team of field and depot engineers providing services for imaging and biomed medical equipment in all major states in the U.S.; and technical services for ultrasound, densitometry, CT, MRI, positron emission topography (PET), and spectroscopy (SPECT) systems.

General Electric (GE) Company, Koninklijke Philips N.V., Siemens AG, Canon Medical Systems Corporation, Shimadzu Corporation, FUJIFILM Holdings Corporation, Drägerwerk AG & Co. KGaA, Agfa-Gevaert N.V., Hitachi Ltd., Karl Storz SE & Co. Kg, Olympus Corporation, and Carestream Health Inc. are some leading OEM players in the medical equipment maintenance industry.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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