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Medical Equipment Repair & Maintenance Market worth $86.94 billion by 2030, growing at a CAGR of 11.81% - Exclusive Report by 360iResearch
Medical Equipment Repair & Maintenance Market | 360iResearch
The Global Medical Equipment Repair & Maintenance Market to grow from USD 35.57 billion in 2022 to USD 86.94 billion by 2030, at a CAGR of 11.81%.
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The medical equipment repair and maintenance market is a diverse sector providing essential services such as inspection, calibration, servicing, and maintenance for various medical devices used across healthcare settings. This market serves a wide range of applications, including diagnostic imaging equipment, surgical instruments, patient monitoring systems, endoscopy devices, electromedical equipment, and dental instruments. The increasing prevalence of chronic diseases requiring regular diagnostics and treatments and an aging global population demanding high-quality medical increasing demand for medical equipment. In addition, advanced healthcare infrastructure and strict regulations ensure patient safety through the proper functioning of medical equipment and increase the adoption of medical equipment. Furthermore, challenges hindering market growth include the lack of skilled technicians to handle advanced medical devices' specialized needs, high costs associated with complex equipment servicing, and competition from in-house service departments within large hospitals. Emerging markets present lucrative opportunities for expansion due to rising investments in advanced healthcare infrastructures and growing awareness among patients about quality healthcare services.
In the United States and Canada, the increasing prevalence of chronic diseases are augmenting the demand for medical equipment repair and maintenance services. The rise in government initiatives to promote value-based care has also led to increased adoption of advanced technologies in healthcare facilities. European Union (EU) countries are witnessing an increasing reliance on advanced healthcare infrastructure due to a surge in non-communicable diseases. This has prompted significant investments in both public and private sectors toward upgrading medical equipment. The APAC region presents immense potential for growth in the medical equipment repair and maintenance market, driven primarily by China, Japan, and India. These countries are investing in healthcare infrastructure development and research initiatives to meet the rising demand for advanced medical services.
Market Segmentation & Coverage:
This research report categorizes the Medical Equipment Repair & Maintenance Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Device Type, market is studied across Compression Devices, Dental Equipment, Electro-Medical Equipment, Endoscopic Device, Imaging Equipment, Life Support Devices, Nutritional Delivery, Patient Monitoring, and Surgical Instrument. The Patient Monitoring commanded largest market share of 17.32% in 2022, followed by Life Support Devices.
Based on Service Type, market is studied across Corrective Maintenance, Operational Maintenance, and Preventive Maintenance. The Operational Maintenance commanded largest market share of 37.92% in 2022, followed by Preventive Maintenance.
Based on Service Provider, market is studied across In-House Maintenance, Independent Service Organizations, Multi-Vendor OEMs, Original Equipment Manufacturers, and Single-Vendor OEMs. The Original Equipment Manufacturers commanded largest market share of 34.23% in 2022, followed by Multi-Vendor OEMs.
Based on End-User, market is studied across Private-Sector Organizations and Public-Sector Organizations. The Private-Sector Organizations commanded largest market share of 65.77% in 2022, followed by Public-Sector Organizations.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.23% in 2022, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Medical Equipment Repair & Maintenance Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Medical Equipment Repair & Maintenance Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Medical Equipment Repair & Maintenance Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Advantage Biomedical Services, Agfa-Gevaert N.V., Agiliti Health, Inc., AlphaSource Group, Althea Group, Auxo Medical, LLC, Avante Health Solutions, B. Braun SE, Canon Inc., Carestream Health, Inc., Crothall Healthcare, CSK Group, Drägerwerk AG & Co. KGaA, FUJIFILM Holdings Corporation, GE Healthcare Technologies Inc., JTP Co., Ltd., KARL STORZ SE & Co. KG, Koninklijke Philips N.V., Konoike Transport Co., Ltd., Medecon Healthcare Ltd., Medtronic PLC, NES Group Medical, OKI Crosstech Co., Ltd., Olympus Corporation, Paragon Care Group Australia Pty Ltd., Qualitest Group, Repair Makers, Shimadzu Corporation, Siemens Healthineers AG, Stryker Corporation, Technofied Vision Pte Ltd., U-Tech Medical, and Zenith Sales & Calibrations Pty Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Medical Equipment Repair & Maintenance Market, by Device Type
7. Medical Equipment Repair & Maintenance Market, by Service Type
8. Medical Equipment Repair & Maintenance Market, by Service Provider
9. Medical Equipment Repair & Maintenance Market, by End-User
10. Americas Medical Equipment Repair & Maintenance Market
11. Asia-Pacific Medical Equipment Repair & Maintenance Market
12. Europe, Middle East & Africa Medical Equipment Repair & Maintenance Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Medical Equipment Repair & Maintenance Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Medical Equipment Repair & Maintenance Market?
3. What is the competitive strategic window for opportunities in the Medical Equipment Repair & Maintenance Market?
4. What are the technology trends and regulatory frameworks in the Medical Equipment Repair & Maintenance Market?
5. What is the market share of the leading vendors in the Medical Equipment Repair & Maintenance Market?
6. What modes and strategic moves are considered suitable for entering the Medical Equipment Repair & Maintenance Market?
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