Medical Equipment Maintenance Market CAGR of 9.4% by 2030, Growth Opportunities, Driver, Restraints and Revenue Insights

By using the dependable Medical Equipment Maintenance Market report, the general market conditions, existing trends and tendencies in the Healthcare industry can be unearthed. This market research report puts forth thorough overview of the market where it identifies industry trends, determines brand awareness and influence, provides industry insights and offers competitive intelligence. The industry report includes noteworthy information alongside future conjecture and point by point market scanning on a worldwide, regional and local level for the Healthcare industry. A high quality Medical Equipment Maintenance marketing report has been designed with correctness and in-depth knowledge which helps the business to grow and henceforth results in revenue growth.

Data Bridge Market Research analyses that the medical equipment maintenance market, which was USD 23,660.9 million in 2022, would rise to USD 48,547.8 million by 2030 and is expected to undergo a CAGR of 9.4% during the forecast period 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Healthcare information exchange is specifically developed to allow doctors, healthcare providers, and other medical facilities to securely and quickly transmit patient medical information electronically. Healthcare practitioners can share and access a patient's medical information via electronic devices through health information exchange (HIE). It also aids in the retrieval of clinical data in order to provide fast, effective, safe, efficient, and patient-centered treatment. It also aids in collaboration with healthcare stakeholders such as nurses, pharmacists, doctors, and other healthcare providers and reduces time-consuming administrative duties.

Global Medical Equipment Maintenance Market Dynamics
Drivers
• Growing Strategic Initiatives by Market Players
Market players for the easy maintenance of medical devices undertake several strategic initiatives. For instance, iFixit launched a massive repair database for ventilators and other medical devices to assist hospitals in maintaining and fixing vital equipment during COVID-19 in 2021. Such product launches will help the market grow significantly in the upcoming years. Thus, this factor boosts market growth.
• Increasing Elderly Population
According to a survey by the Population Reference Bureau in 2019, there are more than 52 million people in the U.S. aged 65 years and above. In contrast, this number is estimated to rise to 61 million by 2027. The elderly are more exposed to chronic conditions like cancer, diabetes, and other chronic lifestyle disorders. These diseases demand increased medical devices in hospitals and healthcare facilities, significantly contributing to medical equipment maintenance revenue. Thus, this factor increases the market growth.

Some of the major players operating in the medical equipment maintenance market are:
• Koninklijke Philips N.V. (Netherlands)
• Siemens Healthcare GmbH (Germany)
• General Electric (U.S.)
• Medtronic (Ireland)
• Stryker (U.S.)
• Viatronix, Inc. (U.S.)
• Terarecon, Inc (U.S.)
• Carestream Health (U.S.)
• Shimadzu Corporation (Japan)
• Olympus Corporation (Japan)
• Boston Scientific Corporation (U.S.)
• Cook (U.S.)
• Hoya Corporation (Japan)
• Richard Wolf GmbH (Germany)
• KARL STORZ(Germany)
• Smith+Nephew (U.K.)
• Zimmer Biomet (U.S.)

Recent Development
• In 2022, B. Braun launched Technical Service Center to offer quality-driven medical equipment repair and maintenance services to strengthen the Thailand public health system.
• In 2022, Medical Manufacturing Technologies (MMT) acquired Medical Production Technology Europe (MPT) to extend its catheter manufacturing solutions offering. The equipment and process development services are focused on balloon forming, thermal bonding, folding and pleating, and stent crimping solutions.

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Global Medical Equipment Maintenance Market Scope
The medical equipment maintenance market is segmented based on service type, service providers, device type, level of maintenance, technology, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service Type
• Preventive
• Corrective
• Performance/Operational

Service Providers
• In-House Service
• External Service

Device Type
• Imaging Equipment
• CT Scanners
• MRI Systems
• Ultrasound Systems
• X-Ray Systems
• Mammography Systems
• Angiography Systems
• Fluoroscopy Systems
• Nuclear Imaging Equipments (PET/SPECT)
• Endoscopic Devices
• Electromedical Equipment
• Surgical Instruments
• Patient Monitoring and Life Suport Devices
• Ventilators
• Infusion Pumps
• Dialysis Equipment
• Others
• Dental Equipment
• Dental Laser
• Dental Radiology Devices
• Others
• Other Medical Equipment
• Level of Maintenance

Level 3
• Specialized

Level 2
• Technician
• Level 1
• User (or First-line)

Technology
• Multi-Vendor OEMs
• Single-Vendor OEMs
• Independent Service Organization
• In-House Maintenance

End User
• Hospitals
• Clinics
• Laboratory
• Other Health Care Centers

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