Global Medical Equipment Maintenance Market Growth (Status and Outlook) 2019-2024

An effective medical equipment maintenance program consists of adequate planning, management and implementation. Planning considers the financial, physical and human resources required to adequately implement the maintenance activities. Once the program has been defined, financial, personnel and operational aspects are continually examined and managed to ensure the program continues uninterrupted and improves as necessary. Ultimately, proper implementation of the program is key to ensuring optimal equipment functionality.
A maintenance strategy includes procedures for inspection, as well as preventive and corrective maintenance. Medical equipment maintenance can be divided into two major categories (by strategy): inspection and preventive maintenance (IPM), and corrective maintenance (CM); on the basis of modality, there have advance and primary two segments; by manufactures, there are three types: Single Vendor OEM, Multi-Vendor OEM and Independent Service Organizations.

The medical equipment maintenance market is highly competitive. On the basis of modality, the advanced modality segment dominates the market, with a share of 58% in 2015. The major players include GE, Pantheon, Hitachi, Siemens, Toshiba, Philips, Aramark, Dräger, UHS, Fujifilm, Esaote and etc.

Geographically, the medical equipment maintenance market is segmented into North America (45%), Europe (30%), Japan (9%), China (6%), and the Rest of the World. In 2015, North America is expected to dominate the market, followed by Europe. However, Asia is expected to grow at the highest CAGR of 18% each during the forecast period. Factors such as increasing public and private funding for the development of healthcare facilities, increasing awareness about diagnosing diseases at an early stage, rising patient population, and growing number of technologically advanced diagnostic imaging systems are likely to propel the growth of this market.

This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of medical equipment maintenance starch will increase.


According to this study, over the next five years the Medical Equipment Maintenance market will register a 15.0% CAGR in terms of revenue, the global market size will reach US$ 3510 million by 2024, from US$ 1520 million in 2019. In particular, this report presents the global revenue market share of key companies in Medical Equipment Maintenance business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Medical Equipment Maintenance market by product type, application, key companies and key regions.

This study considers the Medical Equipment Maintenance value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Advanced Modality
Primary Modality
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Hospitals & Clinics
Diagnostic Centers
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
GE
Althea(Pantheon)
Hitachi
Siemens
Toshiba
Philips
Aramark
Dräger
UHS
Fujifilm
Esaote

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Medical Equipment Maintenance market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Medical Equipment Maintenance market by identifying its various subsegments.
Focuses on the key global Medical Equipment Maintenance players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Medical Equipment Maintenance with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Medical Equipment Maintenance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.