Medical Equipment Maintenance Market to reach USD 80.7 billion by 2028

"The medical equipment maintenance market is projected to grow at a CAGR of 10.6% during the forecast period (2023-2028)."

The global medical equipment maintenance market is projected to reach USD 80.7 billion by 2028 from USD 48.8 billion in 2023, growing at a CAGR of 10.6% during the forecast period. The rise in focus on preventive medical equipment maintenance is one of the major factors anticipated to boost market growth in the forecasting years.

"The diagnostic imaging equipment segment to hold the largest share of the market in 2023."

Download Free Sample PDF @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1062921

Based on device type, the medical equipment maintenance market is segmented into diagnostic imaging equipment, endoscopic devices, medical lasers, patient monitoring & life support devices, dental equipment, electrosurgical equipment, radiotherapy devices, laboratory equipment, surgical equipment, ophthalmology equipment, and durable medical equipment. The medical equipment maintenance market is expected to be dominated by diagnostic imaging equipment during the forecast period. The use of advanced imaging equipment is expected to propel due to the rise in the prevalence of chronic diseases and the increasing number of diagnostic imaging procedures across the globe.

"The preventive maintenance segment to hold the largest share of the market in 2023."

Based on service type, medical equipment maintenance is segmented into corrective maintenance, preventive maintenance, and operational maintenance. Preventive maintenance is expected to dominate the medical equipment maintenance market during the forecast period. The growth is attributed to the benefits of preventive maintenance. Preventive maintenance is carried out for medical equipment such as diagnostic imaging devices, life support devices, and devices that significantly impact the safety of patients (such as infusion pumps, ECG machines, pulse oximeters, defibrillators, and electrosurgical units).

"The multi-vendor OEMs segment to hold the largest share of the market in 2023."

Based on the service provider, the medical equipment maintenance market is segmented into single-vendor OEMs, multi-vendor OEMs, ISOs, and in-house maintenance. The multi-vendor OEMs segment is estimated to hold the largest market share of the medical equipment maintenance market during the forecast period. OEMs provide a wide range of services, such as operational maintenance, corrective maintenance, planned maintenance, and extended warranty, along with insurance maintenance programs.

"The hospitals segment to hold the largest share of the market in 2023."

The end-user market is segmented into diagnostic imaging centers, hospitals, dialysis centers, ambulatory surgical centers, dental clinics & specialty clinics, and other end users. Hospitals accounted for the largest share of the global medical equipment maintenance market in 2022. This can be attributed to factors such as the large number of diagnostic imaging procedures performed in hospitals and the increasing adoption of minimally invasive procedures (including diagnostic imaging systems) in hospitals to improve the quality of patient care.

"The market in the North America region is expected to hold a significant market share for medical equipment maintenance in 2022."

The medical equipment maintenance market covers five key geographies-North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2022, a significant market share for medical equipment maintenance was held by the market in the North American region. The number of vendors manufacturing medical equipment maintenance and a growing number of approvals for advanced medical devices led to the growth of the medical equipment maintenance market in this region.

A breakdown of the primary participants referred to for this report is provided below:

By Company Type: Tier 1-48%, Tier 2-36%, and Tier 3- 16%
By Designation: Director-level-14%, C-level-10%, and Others-76%
By Region: North America-40%, Europe-32%, Asia Pacific-20%, Latin America- 5%, MEA- 3%

The prominent players in the medical equipment maintenance market are GE Healthcare Technologies Inc. (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), FUJIFILM Holdings Corporation (Japan), Olympus Corporation (Japan), among others.

Download Complete Report @ https://www.reportsnreports.com/purchase.aspx?name=1062921

ReportsnReports - Your Market Research Librarian
Corporate Headquarters
Tower B5, office 101, Magarpatta SEZ,
Hadapsar, Pune-411013, India.
+ 1 347 333 3771
sales@reportsandreports.com

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.

This release was published on openPR.