Medical Equipment Maintenance Market Size, Share, Trends, Massive Growth & is Expected to Reach USD 37,385.43 Million & Grow at 8.9% CAGR Forecast Period of 2021 to 2028
Medical Equipment Maintenance Market research report is generated by using integrated approaches and the latest technology for the best results. The study also analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. This market report provides a wide-ranging analysis of the market structure along with evaluations of the various segments and sub-segments of the market.
Medical Equipment Maintenance Market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 8.9% in the forecast period of 2021 to 2028 and expected to reach USD 37,385.43 million by 2028.
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According to Data Bridge Market Research, the market for global medical equipment maintenance in North America has the highest market share followed by Asia-Pacific and Europe. Market leader is Siemens Healthcare GmbH accounts an estimated market share of approximately 10.41% in the global market. The company has gained outstanding sale by providing medical equipment maintenance services and entering partnerships which strengthens its product portfolio.
Medical equipment maintenance involves activities which relates to providing adequate level of service in order to maintain the medical equipment. The main objective in doing so is to reduce the down time of medical devices in the facility, this can lead to optimum productivity, saves cost and provide better healthcare services to its consumers. There are two types of medical equipment maintenance techniques which are quite popular and it is categorized as preventive maintenance and corrective maintenance. Preventive maintenance is a method of service in which it proactively initiate tasks of maintenance plans to prevent equipment failures from occurring, it’s also predicts the failure of equipment there by it is also called predictive maintenance. The main objective of preventive maintenance is to minimize the consequence of failure or determining the risk of the failure. It is an established procedure or routine of periodically inspecting equipment, noticing small issues and fixing them before become a major problems. On the other hand, Corrective maintenance is done after the failure has occurred. This is done on an immediate basis in order to reduce the downtime of the equipment.
Key Market Competitors Covered in Medical Equipment Maintenance Market Report:
- Siemens Healthcare GmbH
- General Electric Company
- Cook Medical LLC
- B.Braun Melsungen AG
- Cardinal Health
- Koninklijke Philips N.V.
- Drägerwerk AG & Co. KGaA
- Stryker
- Boston Scientific Corporation
- Hitachi, Ltd.
- Agfa-Gevaert Group
- Agiliti Health, Inc.
- Alpha Source, Inc.
- Aramark
- Atlantis Worldwide
- CANON MEDICAL SYSTEMS CORPORATION
- Carestream Health
- ERD
- FUJIFILM Europe GmbH
- Hoya Corporation
- InterMed Group, Inc.
- KARL STORZ
- Medtronic
- Olympus Corporation
- Richard Wolf GmBH
- SAMSUNGHEALTHCARE.COM
- Shimadzu Corporation
- Smith-Nephew
- Terumo Corporation
- Zimmer Biomet
Global Medical Equipment Maintenance Market Scope and Market Size
- Medical equipment maintenance market is segmented on the basis of service type, service providers, device type, level of maintenance and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of service type the global medical equipment maintenance market has been segmented into preventive, corrective, performance/operational. In 2021, the preventive held a larger share in the market as the medical equipment maintenance needs preventive maintenance for operational optimization.
- On the basis of service providers, the global medical equipment maintenance market has been segmented into in-house service providers, external service providers. In 2021, in-house service providers have the largest market share as in-house service providers are highly technical which are available for instant repairs and maintenance.
- On the basis of device type, the global medical equipment maintenance market has been segmented into imaging equipment, endoscopic devices, electro medical equipment, surgical instruments, and other medical equipment. In 2021, imaging equipment held a larger share in the market, as they are commonly used equipment for imaging body fractures, infections, arthritis and many more.
- On the basis of level of maintenance, the global medical equipment maintenance market has been segmented into level 3, specialized, level 2, technician, level 1, user (or first-line). In 2021, level 3, specialized held the largest share in the market level 3 maintenance levels will generate more revenue than any other maintenance level.
- On the basis of end user, the global medical equipment maintenance market has been segmented into hospitals, clinics, laboratory, and other health care centre. In 2021, hospitals held a larger share in the market as the hospital need to be well equipped with the medical equipment for the treatment of the patients.
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Competitive Landscape and Medical equipment maintenance Market Share Analysis
Medical equipment maintenance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to medical equipment maintenance market.
Medical Equipment Maintenance Market Scenario
According to Data Bridge Market Research, the market for global medical equipment maintenance in North America has the highest market share followed by Asia-Pacific and Europe. Market leader is Siemens Healthcare GmbH accounts an estimated market share of approximately 10.41% in the global market. The company has gained outstanding sale by providing medical equipment maintenance services and entering partnerships which strengthens its product portfolio.
For instance,
- In 2021, Siemens Healthcare GmbH entered into a long term partnership with HERE Technologies. The key feature of this partnership was to enhance supply chain visibility of time-critical, high-value medical equipment. Moreover, this partnership focused on to improve end-to-end locating service parts and to locate high-value medical equipment service parts. With this partnership both the companies focused to enhance and improve availability of the medical equipment service parts for the consumer
- In 2021, B.Braun Melsungen AG, showed promising business profit that laid firm ground for its growth in the next The COVID-19 pandemic affected the market positively due to increased demands of infusion pumps and hygiene product needs. The group recorded a profit of 7471.3 million euros, in the fiscal year of 2020. This in result has enhanced the overall company’s sales
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List of Figures:
FIGURE 1 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET: SEGMENTATION
FIGURE 2 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET: DATA TRIANGULATION
FIGURE 3 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET: DROC ANALYSIS
FIGURE 4 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET: GLOBAL VS REGIONAL MARKET ANALYSIS
FIGURE 5 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET: COMPANY RESEARCH ANALYSIS
FIGURE 6 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET: INTERVIEW DEMOGRAPHICS
FIGURE 7 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET: DBMR MARKET POSITION GRID
FIGURE 8 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET: VENDOR SHARE ANALYSIS
FIGURE 9 GLOBAL MEDICAL EQUIPMENT MAINTENANCEMARKET: SEGMENTATION
FIGURE 10 NORTH AMERICA IS EXPECTED TO DOMINATE AND ASIA-PACIFIC IS THE FASTEST GROWING REGION IN THE GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET IN THE FORECAST PERIOD OF 2021 TO 2028
Continued…
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Objectives of This report:
- To make available the wide-ranging overview of the market.
- To achieve the information about the key players in this industry, their product portfolios, and their key strategies.
- To be aware of the future outlook and prospects for this market analysis and forecast 2021-2028.
- To analyze the market size of the market so that understanding the key trends from it gets easy.
- To examine the market based on product, market share, and size of the product share.
- To analyze prospects or opportunities in the market for stakeholders by knowing the high-growth segments of the market.
- To gain insights about the major regional insights in which the is flourishing.
- To achieve illustrations and forecast the market, in terms of value, by process, product type, and industry.
- To tactically outline the major players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders.
- To describe and forecast the market, in terms of value, for various segments, by region North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key points in the report:
- Tactical recommendations in the major business sections in light of the market estimations
- Market share and market size of all the leading industry players
- Strategic proposals for the new participants in the market
- A complete quantitative analysis of the industry for the period of 2021-2028 to support stakeholders to capitalize on the customary market opportunities
- Market strategies that are being accepted by competitors and leading organizations
- Key parameters that drives the market and the ones that restrain its growth
- All the challenges manufacturers will experience as well as new opportunities and threats faced by them
- Market share appraisals for the regional and international levels
- In depth overview of parent market potential and niche segments/regions exhibiting promising growth
- In-depth analysis of the global market and current & future trends to reveal imminent investment pockets.
- Changing market dynamics of the industry
- Strategies of key players and product offerings
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