North America Medical Equipment Maintenance Market to Witness an Outstanding Growth by 2027

North America medical equipment maintenance market is anticipated to reach US$ 14,387.30 Mn in 2027 from US$ 6,542.44 Mn in 2018. The medical equipment maintenance market is expected to rise with a CAGR of 9.3% from 2020-2027.

The rise of the medical equipment maintenance market is driven by factors such as the prevalence of chronic diseases, growing medical equipment, and increasing purchase of refurbished medical systems are expected to boost the market over the years. But, stringent regulatory policies are likely to hinder the growth of the market in the future years.

To Remain 'Ahead' Of Your Competitors, Request for a Sample Here@ http://bit.ly/32TBRBu

Company Profiles

o Boston Scientific Corporation
o Stryker
o Medtronic
o Edward Lifesciences Corporation
o Johnson & Johnson Services, Inc.
o Abbott
o Terumo Corporation
o B. Braun Melsungen AG
o Aramark
o Althea Group

Refurbishment is the systematic process of delivering used equipment to the same condition as when new or even better. In the medical device or equipment, refurbishing means extending its lifetime of the machine, generally from 5 or 7 to 10 or 14 years or above. Hence it fits as a form or reuse and waste prevention. Hospitals are the primary end-users of capital medical equipment, and has become increasingly cost-conscious because of the economic downturn and increasing cost burden on healthcare systems.

The healthcare sector is increasingly facing heavy cost pressures. These cost-saving pressures affect the demand for medical devices as well as the characteristics of these devices. For example, customers may prefer standard products over premium products, Operating expenses (OPEX) for maintenance over innovation, and preference for refurbished systems over high-margin new devices.

NORTH AMERICA MEDICAL EQUIPMENT MAINTENANCE - MARKET SEGMENTATION

-By Device Type

o Electromedical Equipment
o Endoscopic Devices
o Surgical Instruments
o Other Medical Equipment

-By Service Type

o Preventive Maintenance
o Corrective Maintenance
o Operational Maintenance

-By Service Provider

o Original Equipment Manufactures
o Independent Service organization
o In-House Maintenance

-By Geography

o North America
o US
o Canada
o Mexico

From a hospital's point of view, refurbished equipment is a winning choice, because it provides excellent functionality at a low cost and with a substantial warranty period. At the same time, there still are some end-user groups that value new over the perceived lower quality and innovativeness of pre-owned equipment. Based on the above factors, the market for refurbished medical devices will propel the medical equipment maintenance market.

US is expected to dominate the market in the North America region, owing to the increase in the medical device industry in the US. Moreover, the prevalence of chronic diseases, the presence of various well-established players in the medical device market, is anticipated to increase significantly during the future period. Hence, considering the mentioned factors, the medical equipment maintenance market is expected to grow at a significant pace in the US during the forecast period.

For In-Depth Competitive Analysis, Buy Now @ http://bit.ly/3avsN8o

Reasons to Buy:

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America medical equipment maintenance market.

o Highlights key business priorities in order to assist companies to realign their business strategies.

o The key findings and recommendations highlight crucial progressive industry trends in the North America medical equipment maintenance market, thereby allowing players across the value chain to develop effective long-term strategies.

o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

o Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.

o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.


Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com

Pune, India

About The Insight Partners :

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.