Medical Equipment Maintenance Market Research Report 2023

Medical Equipment Maintenance Market Statistics

The Medical Equipment Maintenance Market will grow from USD 34.79 Billion in 2020 to USD 60.16 Billion by 2026, with a CAGR of 9.56% during the forecast period. Increase in the purchase of refurbished medical equipment, as hospitals and clinics can reduce the capital expenditure while still maintaining quality.

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Medical Equipment Maintenance Market Trends

Globally, the medical equipment maintenance market is playing an important role in the medical industry, and the factors contributing to the market growth are increasing awareness of the preventive maintenance of the medical equipment, funding in innovative mechanisms, and increase in the purchase of refurbished medical equipment. However, the initial cost and essential expenditure in the maintenance of the equipment is very high, thus causing the restrain in the market growth.

Medical Equipment Maintenance Market Segmentation

Device Type
• Imaging Equipment

o Advanced Imaging Modalities
 CT
 MRI
 Other Advanced Medical Imaging Modalities
o Primary Imaging Modalities
 Digital X-Ray
 Ultrasound
 Other Primary Medical Imaging Modalities
• Electromedical Equipment
• Endoscopic Devices
• Surgical Instruments
• Other Medical Equipment
o Life Support Devices
o Dental Equipment

In the medical equipment maintenance market segmentation of device type, the imaging equipment device has acquired the largest share in the market due to the high requirement of the maintenance services incurred in the imaging equipment and high cost for the shifting of the device as well as the need of verification of the maximum active time of the equipment.

Service Type
• Preventive Maintenance
• Corrective Maintenance
• Operational Maintenance

Based on service type, the preventive maintenance service has acquired the largest share in market growth. The preventive maintenance service is very much in demand in the medical repair market due to the benefits such as scheduled inspections to ensure safety and to avoid expensive repairs in the future.

Service Provider
• Original Equipment Manufacturers
o Multi-Vendor OEMs
o Single-Vendor OEMs
• Independent Service Organizations
• In-House Maintenance

Based on the service providers, the original equipment manufacturers are playing a prominent role in the medical equipment maintenance market growth due to the widespread of these manufacturers in the world and the presence of technical experts in the original equipment manufacturers.

End User
• Public Organizations
• Private Organizations

Further, in end-users segmentation, the public organizations have the largest share in the medical equipment maintenance market due to the increasing public healthcare centers and nursing homes. These public healthcare centers require regular maintenance of the equipment because of the more frequent usage of the equipment.

Geography
• North America
• Europe
• Asia Pacific
• Rest of the World

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The medical equipment maintenance market based on geography is divided into North America, Europe, Asia Pacific, and the RoW. North America has the largest share compared to all regions due to the advanced healthcare structure and an increase in the old geriatric population. The Asia Pacific region is also expected to support market growth due to the increased population in this region.

Globally, the medical equipment maintenance market is expanding, and the market has a major impact on the healthcare sector. The major factor driving this market growth is the increasing need for preventive maintenance in the healthcare sector to optimize industry operations. In addition, the major innovations in the service offerings in the medical equipment maintenance market are giving the opportunity for the market.

Key Companies
• GE Healthcare,
• Koninklijke Philips N.V,
• Canon Inc,
• Siemens Healthineers,
• Aramark Services, Inc,
• Fujifilm Holdings Corporation,
• Agfa-Gevaert Group,
• Althea, Drägerwerk AG & Co.
• KGaA,
• Olympus Corporation,
• Braun Melsungen AG,
• Carestream Health, Inc,
• Hitachi Medical Corporation,
• Bc Technical, Inc,
• Karl Storz GmbH & Co. Kg.

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