Global Medical Equipment Maintenance Market Overview

Global Medical Equipment Maintenance Market was valued at USD 34.23 Billion in 2021 and is expected to reach USD 62.57 Billion by the year 2028, at a CAGR of 9%.

To ensure better care of patients and to maintain the efficiency of medical equipment involved in diagnosing and treating illness and diseases, are the main factors that consolidate the importance of medical equipment importance. Moreover, recently there has been an unprecedented rise in the number of patients suffering from diabetes, cardiovascular diseases, blood pressure, lupus, and many other diseases which in some instances, require hospitalization or treating the cause with medical equipment available. Most types of medical equipment are sophisticated and require skilled and professional staff to maintain their condition. Health technologies are essential for the proper functioning of the health system. This is the main reason for the maintenance of medical equipment. Therefore, these factors are promoting the rapid exponential growth of the medical equipment maintenance market. Lack of proper maintenance of medical equipment can reduce the performance of medical equipment and can increase the expenditure costs on maintenance. Healthcare equipment is expensive and slight negligence can disrupt functioning which makes the maintenance process a necessity. Calibration of medical equipment’s is a vital task that eliminates the occurrence of an error in the device and thus helps the user to correctly monitor, diagnose, or treat the patient.   

Medical Equipment Maintenance Market

COVID-19 Impact on Medical Equipment Maintenance Market

The COVID-19 outbreak has significantly increased the demand for Medical Equipment Maintenance globally. Moreover, COVID-19 disease has instigated governments to increase funding to maintain the cleanliness and effective functionality of all the medical equipment. COVID-19 has spurred the demand for the maintenance of medical equipment due to the tremendous load on healthcare devices. Moreover, COVID-19 is an infectious viral disease of the upper respiratory tract hence it increased the utilization of scanning devices such as MRI, HR CT scans, and X-rays to detect the presence and the degree to which it is spread. Furthermore, several government-imposed bans on transportation and the number of workers involved in the manufacturing of medical equipment caused a small yet considerable impact on the production, supply chain, and logistics of medical equipment. The Medical Equipment Maintenance Market is expected to accelerate its growth owing to the devices used in the treatment of COVID-19 disease.

Market Dynamics And Key Factors In Medical Equipment Maintenance Market

Drivers:

The growing elderly population and the risk associated with the growing age of developing a chronic or life-threatening disease is one of the main factors driving the medical equipment maintenance market growth. Providing healthcare services through diagnostic and treatment services has become a fundamental part of the health sector. Furthermore, medical equipment is an asset that directly enhances the quality of life for many individuals. Additionally, medical equipment requires scheduled as well as unscheduled maintenance to enhance its functioning and increase the device's lifetime. Moreover, healthcare technology management and maintenance are an important part to run the medical facility effectively and safely. Patients getting treated in decent diagnostic facilities expect high-standard services. This promotes hospitals and clinics to purchase sophisticated and costly medical equipment for surgeries, treating, and diagnosing purposes. The growing purchase of costly medical equipment has made maintenance of medical equipment inevitable. The rapid growth in the technological advancements in medical equipment and the growing need for continuous training of operators is stimulating the market growth. The rising awareness regarding beneficial effects of preventive maintenance of medical equipment, and the increase in the sales of refurbished medical equipment are some factors contributing to the growth of the Medical Equipment Maintenance market.

Restraints:

The delay in the maintenance caused due to OEMs and other service providers is a major issue restraining the growth of the Medical Equipment Maintenance Market. The unavailability of original spare parts and the rise in usage of duplicate spare parts are affecting the lifespan of the medical device. The cost involved in training and continuous education of operators is very high. Moreover, the short maintenance period of certain medical devices puts a strain on the finance of the medical facilities. The initial cost involved in the installation of advanced medical equipment is very high. With the installation of these high-tech equipment comes significant maintenance expenditure. Furthermore, medical equipment manufacturers provide contract services which are charged yearly. In certain instances, the cost spent on the maintenance of the medical equipment is much higher than the initial cost of the device, which significantly restrains the end-users such as hospitals, and diagnosis centers from incorporating these medical devices.

Opportunities:

The rise in the number of individuals suffering from cancer, diabetes, cardiovascular, and chronic kidney diseases are putting a strain on the available healthcare devices. This growing number increases the necessity for the maintenance of medical equipment to ensure its proper functioning. The spread of COVID-19 has escalated the need for the maintenance of medical equipment. Same medical devices are used for the diagnosing of several hundred patients which puts a high workload on the device and can have diminishing effects on the efficiency of medical equipment. The growing health concern among individuals and the rise in the regular visits to hospitals and other medical facilities is further promoting the requirement of medical equipment maintenance.

Challenges:

Reducing the cost involved in the maintenance of medical equipment is the main challenge for the market players involved in medical equipment maintenance. The growing competition due to the increasing numbers of vendors in this market and the lucrative offers provided by different service providers are some challenges faced by market players. To provide long-term service and to manufacture original spare parts of certain medical devices for a long period is a vital challenge faced by market players.

Market Segmentation

Segmentation Analysis of Medical Equipment Maintenance Market:

Depending on Service Type, preventive maintenance is forecasted to have the highest share of the Medical Equipment Maintenance Market. In the healthcare sector, preventive maintenance plays an important role in elevating patient care and safety. When equipment is regularly inspected and maintained, potential issues can be detected before they pose a threat, and this can help in preventing devices from either malfunctioning or failing. Moreover, preventive maintenance is cost-effective as compared to the other solutions and can thus relieve the financial stress on healthcare providers. It further reduces the downtime of the equipment, increases the device life and fewer interruptions occur during critical operations, thus promoting the growth of this segment.

Depending on Service Provider, the Original Equipment Manufacturer (OEMs) segment is anticipated to dominate the Medical Equipment Maintenance market throughout the forecast. The wide range of services provided by the OEMs and lucrative extended warranty offered on certain medical devices is stimulating the growth of this segment. Furthermore, some vital factors such as well-established and professionally deployed service centers put OEMs in a leading position. The multi-vendor OEMs are expected to register the highest growth rate in the forecast period owing to the cost of maintenance and the wide range of services provided by them.

Depending on Device Type, the diagnostic imaging equipment is predicted to lead the Medical Equipment Maintenance Market throughout the forecast. The tremendous rise in the usage of medical imaging equipment to precisely determine the root cause of certain diseases is promoting the growth of this segment. The pandemic has further fueled the usage of imaging devices to determine the level at which the virus has spread in the lungs. Moreover, imaging devices have proven a boon to orthopedic doctors. With this device they can understand the abnormality in bones, which previously was hard to determine, thus stimulating the growth of this segment. 

Depending on End-Users, the Hospital segment is expected to dominate the Medical Equipment Maintenance Market in the forecast period. The rise in the number of patients visiting hospitals for medical checkups and other treatments is encouraging the growth of this segment. Moreover, patients feel more comfortable when they are getting proper treatment in one place. The demand for advanced technological therapies is instigating Hospitals to install state-of-the-art medical devices thus, supporting the growth of this segment.

Regional Analysis of Medical Equipment Maintenance Market:

North America region is anticipated to dominate the Medical Equipment Maintenance Market in the period of forecast. The growing adoption of advanced medical facilities for treating and diagnosing individuals is the main factor driving the growth of the Medical Equipment Maintenance Market in this region. Countries such as the United States of America spend approximately 17.1% of their total GDP on healthcare expenditure, according to a report published in EMERGO. The well-developed and established healthcare infrastructure in countries such as The United States, Canada, and Mexico is further supporting the expansion of the market in the North American region.

Followed by North America, the Asia-Pacific region is forecasted to have the second-highest share of the Medical Equipment Maintenance Market during the forecast period. India and China are the two most populated countries in this region with the growing number of elderly populations. Countries such as China, and Japan have spent 6.57% and 10.95 % of their GDPs respectively for the healthcare segment. This huge amount allotted for healthcare is promoting the growth of the medical equipment maintenance market in this region.

Europe region is expected to have a significant growth rate throughout the forecast period. The factors responsible for the growth of the Medical Equipment Maintenance Market in this region are the increasing number of chronic disorders and the rising demand for medical devices. High adoption of advanced technology, a well-deployed healthcare sector, and an increase in government initiatives to provide common people access to quality healthcare are some vital factors strengthening the expansion of the Medical Equipment Maintenance Market in this region.

Middle-East, Africa, and South America regions are predicted to have a positive development rate owing to the rise in fundings by local governments and philanthropists.  

Players Covered in Medical Equipment Maintenance market are :

Key Industry Developments In Medical Equipment Maintenance Market

  • In October 2021, Dräger has launched the new Savina 300 NIV, the latest ventilator in its Savina 300 family of ventilators to meet the need for safe, effective, and reliable non-invasive ventilation (NIV) throughout the care continuum. The new Savina 300 NIV has a built-in turbine with a rapid response time and it has an external battery connection which allows the operation to be carried out independently from the central gas supply to provide care continuity while patient transfers.
  • In October 2021, Hitachi Ltd., along with Tohoku University and Kyoto University, have developed a novel technology for the high-quality production of actinium-225, a substance that is required for a form of radiation therapy as targeted alpha therapy (TAT). TAT is a novel technology that utilizes a substance, emitting alpha particles that destroy the cancer cells with a compound that selectively accumulates in cancer cells.   
  • In September 2021, Lankenau Heart Institute part of Main Line Health, and Royal Philips, a global leader in health technology, declared that they have entered into a five-year strategic partnership to focus on integrated cardiovascular solutions. These partnerships' main motto is to help Main Line Health enhance its focus on clinical and technical training as well as its predictability and consistency in costs.

Global Medical Equipment Maintenance Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 34.23 Bn.

Forecast Period 2022-28 CAGR:

9%

Market Size in 2028:

USD 62.57 Bn.

Segments Covered:

By Type

  • Preventive Maintenance
  • Operational Maintenance
  • Corrective Maintenance

By Service Provider

  • Original Equipment Manufacturers {OEMs}
  • Independent Service Organizations
  • In House Maintenance

By Device Type           

  • Diagnostic Imaging Equipment
  • Surgical Instrument
  • Endoscopic Devices
  • Life Support Device
  • Monitors
  • Others

By End-User   

  • Hospitals
  • Diagnostic Imaging Centers
  • Dialysis Centers
  • Ambulatory Surgical Center
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growth in Chronic or Life-Threatening Diseases

Key Market Restraints:

  • The Delay in the Maintenance Caused Due to OEMS and Other Service Providers

Key Opportunities:

  • Increasing Population Put High Workload on Device that Reduce Efficiency of Medical Equipment

Companies Covered in the report:

  • Agenor Mantenimientos (Spain), Agfa-Gevaert NV (Belgium), Althea Group (Italy), B. Braun Melsungen AG (Germany), BCAS Biomedical Services Ltd. (UK), and Other Major Players

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Service Provider
 3.3 By Device Type
 3.4 By End-User

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Medical Equipment Maintenance Market by Type
 5.1 Medical Equipment Maintenance Market Overview Snapshot and Growth Engine
 5.2 Medical Equipment Maintenance Market Overview
 5.3 Preventive Maintenance
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Preventive Maintenance: Grographic Segmentation
 5.4 Operational Maintenance
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Operational Maintenance: Grographic Segmentation
 5.5 Corrective Maintenance
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Corrective Maintenance: Grographic Segmentation

Chapter 6: Medical Equipment Maintenance Market by Service Provider
 6.1 Medical Equipment Maintenance Market Overview Snapshot and Growth Engine
 6.2 Medical Equipment Maintenance Market Overview
 6.3 Original Equipment Manufacturers {OEMS}
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Original Equipment Manufacturers {OEMS}: Grographic Segmentation
 6.4 Independent Service Organizations
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Independent Service Organizations: Grographic Segmentation
 6.5 In House Maintenance
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 In House Maintenance: Grographic Segmentation

Chapter 7: Medical Equipment Maintenance Market by Device Type
 7.1 Medical Equipment Maintenance Market Overview Snapshot and Growth Engine
 7.2 Medical Equipment Maintenance Market Overview
 7.3 Diagnostic Imaging Equipment
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Diagnostic Imaging Equipment: Grographic Segmentation
 7.4 Surgical Instrument
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Surgical Instrument: Grographic Segmentation
 7.5 Endoscopic Devices
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size (2016-2028F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Endoscopic Devices: Grographic Segmentation
 7.6 Life Support Device
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size (2016-2028F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Life Support Device: Grographic Segmentation
 7.7 Monitors
  7.7.1 Introduction and Market Overview
  7.7.2 Historic and Forecasted Market Size (2016-2028F)
  7.7.3 Key Market Trends, Growth Factors and Opportunities
  7.7.4 Monitors: Grographic Segmentation
 7.8 Others
  7.8.1 Introduction and Market Overview
  7.8.2 Historic and Forecasted Market Size (2016-2028F)
  7.8.3 Key Market Trends, Growth Factors and Opportunities
  7.8.4 Others: Grographic Segmentation

Chapter 8: Medical Equipment Maintenance Market by End-User
 8.1 Medical Equipment Maintenance Market Overview Snapshot and Growth Engine
 8.2 Medical Equipment Maintenance Market Overview
 8.3 Hospitals
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Hospitals: Grographic Segmentation
 8.4 Diagnostic Imaging Centers
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 Diagnostic Imaging Centers: Grographic Segmentation
 8.5 Dialysis Centers
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Dialysis Centers: Grographic Segmentation
 8.6 Ambulatory Surgical Center
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Ambulatory Surgical Center: Grographic Segmentation
 8.7 Others
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size (2016-2028F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Others: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Medical Equipment Maintenance Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Medical Equipment Maintenance Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Medical Equipment Maintenance Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 AGENOR MANTENIMIENTOS
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 AGFA-GEVAERT NV
 9.4 ALTHEA GROUP
 9.5 B. BRAUN MELSUNGEN AG
 9.6 BCAS BIOMEDICAL SERVICES LTD.
 9.7 CANON MEDICAL SYSTEMS CORPORATION
 9.8 DRAGERWERK AG & CO. KGAA
 9.9 GE HEALTHCARE
 9.10 HITACHI MEDICAL CORPORATION
 9.11 KONINKLIJKE PHILIPS NV
 9.12 MEDTRONIC PLC
 9.13 OLYMPUS CORPORATION
 9.14 SIEMENS HEALTHINEERS
 9.15 FUJIFILM HOLDINGS CORPORATION
 9.16 ARAMARK SERVICES INC.
 9.17 OTHER MAJOR PLAYERS

Chapter 10: Global Medical Equipment Maintenance Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Type
  10.2.1 Preventive Maintenance
  10.2.2 Operational Maintenance
  10.2.3 Corrective Maintenance
 10.3 Historic and Forecasted Market Size By Service Provider
  10.3.1 Original Equipment Manufacturers {OEMS}
  10.3.2 Independent Service Organizations
  10.3.3 In House Maintenance
 10.4 Historic and Forecasted Market Size By Device Type
  10.4.1 Diagnostic Imaging Equipment
  10.4.2 Surgical Instrument
  10.4.3 Endoscopic Devices
  10.4.4 Life Support Device
  10.4.5 Monitors
  10.4.6 Others
 10.5 Historic and Forecasted Market Size By End-User
  10.5.1 Hospitals
  10.5.2 Diagnostic Imaging Centers
  10.5.3 Dialysis Centers
  10.5.4 Ambulatory Surgical Center
  10.5.5 Others

Chapter 11: North America Medical Equipment Maintenance Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Preventive Maintenance
  11.4.2 Operational Maintenance
  11.4.3 Corrective Maintenance
 11.5 Historic and Forecasted Market Size By Service Provider
  11.5.1 Original Equipment Manufacturers {OEMS}
  11.5.2 Independent Service Organizations
  11.5.3 In House Maintenance
 11.6 Historic and Forecasted Market Size By Device Type
  11.6.1 Diagnostic Imaging Equipment
  11.6.2 Surgical Instrument
  11.6.3 Endoscopic Devices
  11.6.4 Life Support Device
  11.6.5 Monitors
  11.6.6 Others
 11.7 Historic and Forecasted Market Size By End-User
  11.7.1 Hospitals
  11.7.2 Diagnostic Imaging Centers
  11.7.3 Dialysis Centers
  11.7.4 Ambulatory Surgical Center
  11.7.5 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Medical Equipment Maintenance Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Preventive Maintenance
  12.4.2 Operational Maintenance
  12.4.3 Corrective Maintenance
 12.5 Historic and Forecasted Market Size By Service Provider
  12.5.1 Original Equipment Manufacturers {OEMS}
  12.5.2 Independent Service Organizations
  12.5.3 In House Maintenance
 12.6 Historic and Forecasted Market Size By Device Type
  12.6.1 Diagnostic Imaging Equipment
  12.6.2 Surgical Instrument
  12.6.3 Endoscopic Devices
  12.6.4 Life Support Device
  12.6.5 Monitors
  12.6.6 Others
 12.7 Historic and Forecasted Market Size By End-User
  12.7.1 Hospitals
  12.7.2 Diagnostic Imaging Centers
  12.7.3 Dialysis Centers
  12.7.4 Ambulatory Surgical Center
  12.7.5 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Medical Equipment Maintenance Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Preventive Maintenance
  13.4.2 Operational Maintenance
  13.4.3 Corrective Maintenance
 13.5 Historic and Forecasted Market Size By Service Provider
  13.5.1 Original Equipment Manufacturers {OEMS}
  13.5.2 Independent Service Organizations
  13.5.3 In House Maintenance
 13.6 Historic and Forecasted Market Size By Device Type
  13.6.1 Diagnostic Imaging Equipment
  13.6.2 Surgical Instrument
  13.6.3 Endoscopic Devices
  13.6.4 Life Support Device
  13.6.5 Monitors
  13.6.6 Others
 13.7 Historic and Forecasted Market Size By End-User
  13.7.1 Hospitals
  13.7.2 Diagnostic Imaging Centers
  13.7.3 Dialysis Centers
  13.7.4 Ambulatory Surgical Center
  13.7.5 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Medical Equipment Maintenance Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Type
  14.4.1 Preventive Maintenance
  14.4.2 Operational Maintenance
  14.4.3 Corrective Maintenance
 14.5 Historic and Forecasted Market Size By Service Provider
  14.5.1 Original Equipment Manufacturers {OEMS}
  14.5.2 Independent Service Organizations
  14.5.3 In House Maintenance
 14.6 Historic and Forecasted Market Size By Device Type
  14.6.1 Diagnostic Imaging Equipment
  14.6.2 Surgical Instrument
  14.6.3 Endoscopic Devices
  14.6.4 Life Support Device
  14.6.5 Monitors
  14.6.6 Others
 14.7 Historic and Forecasted Market Size By End-User
  14.7.1 Hospitals
  14.7.2 Diagnostic Imaging Centers
  14.7.3 Dialysis Centers
  14.7.4 Ambulatory Surgical Center
  14.7.5 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Medical Equipment Maintenance Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Type
  15.4.1 Preventive Maintenance
  15.4.2 Operational Maintenance
  15.4.3 Corrective Maintenance
 15.5 Historic and Forecasted Market Size By Service Provider
  15.5.1 Original Equipment Manufacturers {OEMS}
  15.5.2 Independent Service Organizations
  15.5.3 In House Maintenance
 15.6 Historic and Forecasted Market Size By Device Type
  15.6.1 Diagnostic Imaging Equipment
  15.6.2 Surgical Instrument
  15.6.3 Endoscopic Devices
  15.6.4 Life Support Device
  15.6.5 Monitors
  15.6.6 Others
 15.7 Historic and Forecasted Market Size By End-User
  15.7.1 Hospitals
  15.7.2 Diagnostic Imaging Centers
  15.7.3 Dialysis Centers
  15.7.4 Ambulatory Surgical Center
  15.7.5 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Medical Equipment Maintenance Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 34.23 Bn.

Forecast Period 2022-28 CAGR:

9%

Market Size in 2028:

USD 62.57 Bn.

Segments Covered:

By Type

  • Preventive Maintenance
  • Operational Maintenance
  • Corrective Maintenance

By Service Provider

  • Original Equipment Manufacturers {OEMs}
  • Independent Service Organizations
  • In House Maintenance

By Device Type           

  • Diagnostic Imaging Equipment
  • Surgical Instrument
  • Endoscopic Devices
  • Life Support Device
  • Monitors
  • Others

By End-User   

  • Hospitals
  • Diagnostic Imaging Centers
  • Dialysis Centers
  • Ambulatory Surgical Center
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Growth in Chronic or Life-Threatening Diseases

Key Market Restraints:

  • The Delay in the Maintenance Caused Due to OEMS and Other Service Providers

Key Opportunities:

  • Increasing Population Put High Workload on Device that Reduce Efficiency of Medical Equipment

Companies Covered in the report:

  • Agenor Mantenimientos (Spain), Agfa-Gevaert NV (Belgium), Althea Group (Italy), B. Braun Melsungen AG (Germany), BCAS Biomedical Services Ltd. (UK), and Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. MEDICAL EQUIPMENT MAINTENANCE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. MEDICAL EQUIPMENT MAINTENANCE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. MEDICAL EQUIPMENT MAINTENANCE MARKET COMPETITIVE RIVALRY
TABLE 005. MEDICAL EQUIPMENT MAINTENANCE MARKET THREAT OF NEW ENTRANTS
TABLE 006. MEDICAL EQUIPMENT MAINTENANCE MARKET THREAT OF SUBSTITUTES
TABLE 007. MEDICAL EQUIPMENT MAINTENANCE MARKET BY TYPE
TABLE 008. PREVENTIVE MAINTENANCE MARKET OVERVIEW (2016-2028)
TABLE 009. OPERATIONAL MAINTENANCE MARKET OVERVIEW (2016-2028)
TABLE 010. CORRECTIVE MAINTENANCE MARKET OVERVIEW (2016-2028)
TABLE 011. MEDICAL EQUIPMENT MAINTENANCE MARKET BY SERVICE PROVIDER
TABLE 012. ORIGINAL EQUIPMENT MANUFACTURERS {OEMS} MARKET OVERVIEW (2016-2028)
TABLE 013. INDEPENDENT SERVICE ORGANIZATIONS MARKET OVERVIEW (2016-2028)
TABLE 014. IN HOUSE MAINTENANCE MARKET OVERVIEW (2016-2028)
TABLE 015. MEDICAL EQUIPMENT MAINTENANCE MARKET BY DEVICE TYPE
TABLE 016. DIAGNOSTIC IMAGING EQUIPMENT MARKET OVERVIEW (2016-2028)
TABLE 017. SURGICAL INSTRUMENT MARKET OVERVIEW (2016-2028)
TABLE 018. ENDOSCOPIC DEVICES MARKET OVERVIEW (2016-2028)
TABLE 019. LIFE SUPPORT DEVICE MARKET OVERVIEW (2016-2028)
TABLE 020. MONITORS MARKET OVERVIEW (2016-2028)
TABLE 021. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 022. MEDICAL EQUIPMENT MAINTENANCE MARKET BY END-USER
TABLE 023. HOSPITALS MARKET OVERVIEW (2016-2028)
TABLE 024. DIAGNOSTIC IMAGING CENTERS MARKET OVERVIEW (2016-2028)
TABLE 025. DIALYSIS CENTERS MARKET OVERVIEW (2016-2028)
TABLE 026. AMBULATORY SURGICAL CENTER MARKET OVERVIEW (2016-2028)
TABLE 027. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 028. NORTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY TYPE (2016-2028)
TABLE 029. NORTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 030. NORTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE (2016-2028)
TABLE 031. NORTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END-USER (2016-2028)
TABLE 032. N MEDICAL EQUIPMENT MAINTENANCE MARKET, BY COUNTRY (2016-2028)
TABLE 033. EUROPE MEDICAL EQUIPMENT MAINTENANCE MARKET, BY TYPE (2016-2028)
TABLE 034. EUROPE MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 035. EUROPE MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE (2016-2028)
TABLE 036. EUROPE MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END-USER (2016-2028)
TABLE 037. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY COUNTRY (2016-2028)
TABLE 038. ASIA PACIFIC MEDICAL EQUIPMENT MAINTENANCE MARKET, BY TYPE (2016-2028)
TABLE 039. ASIA PACIFIC MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 040. ASIA PACIFIC MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE (2016-2028)
TABLE 041. ASIA PACIFIC MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END-USER (2016-2028)
TABLE 042. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY COUNTRY (2016-2028)
TABLE 043. MIDDLE EAST & AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY TYPE (2016-2028)
TABLE 044. MIDDLE EAST & AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 045. MIDDLE EAST & AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE (2016-2028)
TABLE 046. MIDDLE EAST & AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END-USER (2016-2028)
TABLE 047. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY COUNTRY (2016-2028)
TABLE 048. SOUTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY TYPE (2016-2028)
TABLE 049. SOUTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER (2016-2028)
TABLE 050. SOUTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE (2016-2028)
TABLE 051. SOUTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END-USER (2016-2028)
TABLE 052. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY COUNTRY (2016-2028)
TABLE 053. AGENOR MANTENIMIENTOS: SNAPSHOT
TABLE 054. AGENOR MANTENIMIENTOS: BUSINESS PERFORMANCE
TABLE 055. AGENOR MANTENIMIENTOS: PRODUCT PORTFOLIO
TABLE 056. AGENOR MANTENIMIENTOS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. AGFA-GEVAERT NV: SNAPSHOT
TABLE 057. AGFA-GEVAERT NV: BUSINESS PERFORMANCE
TABLE 058. AGFA-GEVAERT NV: PRODUCT PORTFOLIO
TABLE 059. AGFA-GEVAERT NV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. ALTHEA GROUP: SNAPSHOT
TABLE 060. ALTHEA GROUP: BUSINESS PERFORMANCE
TABLE 061. ALTHEA GROUP: PRODUCT PORTFOLIO
TABLE 062. ALTHEA GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. B. BRAUN MELSUNGEN AG: SNAPSHOT
TABLE 063. B. BRAUN MELSUNGEN AG: BUSINESS PERFORMANCE
TABLE 064. B. BRAUN MELSUNGEN AG: PRODUCT PORTFOLIO
TABLE 065. B. BRAUN MELSUNGEN AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. BCAS BIOMEDICAL SERVICES LTD.: SNAPSHOT
TABLE 066. BCAS BIOMEDICAL SERVICES LTD.: BUSINESS PERFORMANCE
TABLE 067. BCAS BIOMEDICAL SERVICES LTD.: PRODUCT PORTFOLIO
TABLE 068. BCAS BIOMEDICAL SERVICES LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. CANON MEDICAL SYSTEMS CORPORATION: SNAPSHOT
TABLE 069. CANON MEDICAL SYSTEMS CORPORATION: BUSINESS PERFORMANCE
TABLE 070. CANON MEDICAL SYSTEMS CORPORATION: PRODUCT PORTFOLIO
TABLE 071. CANON MEDICAL SYSTEMS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. DRAGERWERK AG & CO. KGAA: SNAPSHOT
TABLE 072. DRAGERWERK AG & CO. KGAA: BUSINESS PERFORMANCE
TABLE 073. DRAGERWERK AG & CO. KGAA: PRODUCT PORTFOLIO
TABLE 074. DRAGERWERK AG & CO. KGAA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. GE HEALTHCARE: SNAPSHOT
TABLE 075. GE HEALTHCARE: BUSINESS PERFORMANCE
TABLE 076. GE HEALTHCARE: PRODUCT PORTFOLIO
TABLE 077. GE HEALTHCARE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. HITACHI MEDICAL CORPORATION: SNAPSHOT
TABLE 078. HITACHI MEDICAL CORPORATION: BUSINESS PERFORMANCE
TABLE 079. HITACHI MEDICAL CORPORATION: PRODUCT PORTFOLIO
TABLE 080. HITACHI MEDICAL CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. KONINKLIJKE PHILIPS NV: SNAPSHOT
TABLE 081. KONINKLIJKE PHILIPS NV: BUSINESS PERFORMANCE
TABLE 082. KONINKLIJKE PHILIPS NV: PRODUCT PORTFOLIO
TABLE 083. KONINKLIJKE PHILIPS NV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. MEDTRONIC PLC: SNAPSHOT
TABLE 084. MEDTRONIC PLC: BUSINESS PERFORMANCE
TABLE 085. MEDTRONIC PLC: PRODUCT PORTFOLIO
TABLE 086. MEDTRONIC PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. OLYMPUS CORPORATION: SNAPSHOT
TABLE 087. OLYMPUS CORPORATION: BUSINESS PERFORMANCE
TABLE 088. OLYMPUS CORPORATION: PRODUCT PORTFOLIO
TABLE 089. OLYMPUS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. SIEMENS HEALTHINEERS: SNAPSHOT
TABLE 090. SIEMENS HEALTHINEERS: BUSINESS PERFORMANCE
TABLE 091. SIEMENS HEALTHINEERS: PRODUCT PORTFOLIO
TABLE 092. SIEMENS HEALTHINEERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. FUJIFILM HOLDINGS CORPORATION: SNAPSHOT
TABLE 093. FUJIFILM HOLDINGS CORPORATION: BUSINESS PERFORMANCE
TABLE 094. FUJIFILM HOLDINGS CORPORATION: PRODUCT PORTFOLIO
TABLE 095. FUJIFILM HOLDINGS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. ARAMARK SERVICES INC.: SNAPSHOT
TABLE 096. ARAMARK SERVICES INC.: BUSINESS PERFORMANCE
TABLE 097. ARAMARK SERVICES INC.: PRODUCT PORTFOLIO
TABLE 098. ARAMARK SERVICES INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 099. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 100. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 101. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY TYPE
FIGURE 012. PREVENTIVE MAINTENANCE MARKET OVERVIEW (2016-2028)
FIGURE 013. OPERATIONAL MAINTENANCE MARKET OVERVIEW (2016-2028)
FIGURE 014. CORRECTIVE MAINTENANCE MARKET OVERVIEW (2016-2028)
FIGURE 015. MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY SERVICE PROVIDER
FIGURE 016. ORIGINAL EQUIPMENT MANUFACTURERS {OEMS} MARKET OVERVIEW (2016-2028)
FIGURE 017. INDEPENDENT SERVICE ORGANIZATIONS MARKET OVERVIEW (2016-2028)
FIGURE 018. IN HOUSE MAINTENANCE MARKET OVERVIEW (2016-2028)
FIGURE 019. MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY DEVICE TYPE
FIGURE 020. DIAGNOSTIC IMAGING EQUIPMENT MARKET OVERVIEW (2016-2028)
FIGURE 021. SURGICAL INSTRUMENT MARKET OVERVIEW (2016-2028)
FIGURE 022. ENDOSCOPIC DEVICES MARKET OVERVIEW (2016-2028)
FIGURE 023. LIFE SUPPORT DEVICE MARKET OVERVIEW (2016-2028)
FIGURE 024. MONITORS MARKET OVERVIEW (2016-2028)
FIGURE 025. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 026. MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY END-USER
FIGURE 027. HOSPITALS MARKET OVERVIEW (2016-2028)
FIGURE 028. DIAGNOSTIC IMAGING CENTERS MARKET OVERVIEW (2016-2028)
FIGURE 029. DIALYSIS CENTERS MARKET OVERVIEW (2016-2028)
FIGURE 030. AMBULATORY SURGICAL CENTER MARKET OVERVIEW (2016-2028)
FIGURE 031. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 032. NORTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 033. EUROPE MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 034. ASIA PACIFIC MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 035. MIDDLE EAST & AFRICA MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 036. SOUTH AMERICA MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Medical Equipment Maintenance Market research report?

The forecast period in the Medical Equipment Maintenance Market research report is 2022-2028.

Who are the key players in Medical Equipment Maintenance Market?

Agenor Mantenimientos (Spain), Agfa-Gevaert NV (Belgium), Althea Group (Italy), B. Braun Melsungen AG (Germany), BCAS Biomedical Services Ltd. (UK), Canon Medical Systems Corporation (Japan), Dragerwerk AG & Co. KGaA (Germany), GE Healthcare (US), Hitachi Medical Corporation (Japan), Koninklijke Philips NV (Netherlands), Medtronic PLC (Ireland), Olympus Corporation (Japan), Siemens Healthineers (Germany), FUJIFILM Holdings Corporation (Japan), Aramark Services Inc. (the US), and Other Major Players.

What are the segments of Medical Equipment Maintenance Market?

Medical Equipment Maintenance Market is segmented into Type, Service Provider, Device Type, End-User and region. By Type, the market is categorized into Preventive Maintenance, Operational Maintenance, and Corrective Maintenance. By Service Provider, the market is categorized into Original Equipment Manufacturers {OEMS}, Independent Service Organizations, In House Maintenance. By Device Type the market is categorized into Diagnostic Imaging Equipment, Surgical Instrument, Endoscopic Devices, Life Support Device, Monitors, Others. By End-User, the market is categorized into Hospitals, Diagnostic Imaging Centers, Dialysis Centers, Ambulatory Surgical Center, Others. By region, it is analysed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Medical Equipment Maintenance Market?

To maintain the efficiency of medical equipment involved in diagnosing and treating illness and diseases are the main factors that consolidate the importance of medical equipment importance

How big is Medical Equipment Maintenance Market?

Global Medical Equipment Maintenance Market was valued at USD 34.23 Billion in 2021 and is expected to reach USD 62.57 Billion by the year 2028, at a CAGR of 9%.