To know the impact of COVID-19 On Medical Equipment Maintenance Market By Service Type (Preventive Maintenance, Corrective Maintenance, Operational Maintenance), By Service Provider (Original Equipment Manufacturers, Independent Service Organizations, In-House Maintenance), By End-User (Public Organizations, Private Organizations), Industry Analysis, Trends, And Forecast, 2021-2027 Market
Market Size Forecast Scenarios (Optimistic, Baseline and Pessimistic) 2021-2027
Global Medical Equipment Maintenance Market is valued at USD 31.68 Billion in 2020 and expected to reach USD 60.17 Billion by 2027 with the CAGR of 9.6% over the forecast period.
Medical Equipment Maintenance Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Rising number of hospitals & increasing disease burden, increasing geriatric population and growing technological advancements are anticipated to drive the growth of medical equipment maintenance market.
Scope of Global Medical Equipment Maintenance Market Report:
Right now, there are a number of medical types of hardware like electrocardiograph, X-ray unit, ventilator unit, syringe, rotator, autoclave etc in the medical care industry. These are utilized for diagnosis, analysis, treatment and furthermore for educational purposes in professional clinical courses. Since the greater part of these is costly and modern equipment, the maintenance is a necessity. Maintenance of medical equipment guarantees that it is working precisely and is free from errors. Attributable to technological advancement assortments of medical equipments are developed dependent on ongoing health conditions. Increase in health care expenses and increase in need for technologically advanced medical equipment have significant increase in the medical equipment manufacturing market.
These medical equipments are utilized for the people’s health. They have been generally used for the health-checks of peoples in every department of healthcare industry. For instance, calibration is a significant procedure for any equipment and device, to maintain and develop its accuracy and precision.
COVID-19 pandemic has increased the demand for medical equipment maintenance. During COVID-19 pandemic, to take care of infected people the demand for medical supplies was increased. Respiratory help devices like atomizer, oxygen generator, life-support machine, and screen are among the significantly utilized medical devices in essential clinical treatment. Additionally, COVID-19 has prompted a huge demand for clinical supplies, for example, individual defensive equipment including gloves, masks and defensive eyeglasses. With ascend in number of COVID-19 cases around the world; the requirement for medical supplies and their maintenance is also increased.
However, the medical care system is facing an exceptional challenge because of the social distancing measures imposed by governments to reduce the infection spread. This is affecting the face-to-face interactions regularly led by salespeople, clinical science contacts, and other field-based employees of drug and medical device companies.
Top Medical Equipment Repair Companies
Global medical equipment maintenance market reports cover prominent players like GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, Toshiba Medical Systems Europe, Drägerwerk AG & Co. KGaA, Aramark, BC Technical, Inc., Alliance Medical Group, and Althea Group and others.
Global Medical Equipment Maintenance Market Segmentation:
The global medical equipment maintenance market is segmented on the basis of device type, service type, service provider, end-user, and region & country level. On the basis of device type, the medical equipment maintance market is classified asimaging equipment, electro medical equipment, endoscopic devices, surgical instruments, and other medical equipment. On the basis of service type, the market is classified as preventive maintenance, corrective maintenance, and operational maintenance. On the basis of service provider, the market is classified as original equipment manufacturers, independent service organizations, and in-house maintenance. On the basis of end-users, the market is classified as public organizations, and private organizations.
By Device Type:
- Imaging Equipment
- Electro Medical Equipment
- Endoscopic Devices
- Surgical Instruments
- Other Medical Equipment
By Service Type:
- Preventive Maintenance
- Corrective Maintenance
- Operational Maintenance
By Service Provider:
- Original Equipment Manufacturers
- Independent Service Organizations
- In-House Maintenance
- Public Organizations
- Private Organizations
The regions covered in medical equipment maintance market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of medical equipment maintance market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Rising Number of Hospitals & Rising Disease Burden, Increasing Geriatric Population and Growing Technological Advancement Drive the Market Growth
One of the major factors driving the growth of global medical equipment maintenance market is rising number of hospitals & disease burden globally. For instance, according to the data published by the American Hospital Association in January 2019, there were 6,210 registered hospitals in the U.S. in 2017. In addition, the growth of global medical equipment maintenance market is due to increasing geriatric population. Furthermore, growing technological advancements and increasing number of service offerings are also supplementing the market growth. For instance; in October 2020, PartsSource launched medical equipment repair administrations. The new on-site service makes accessible an organization of more than 1,000 technology service experts to supplement the sale of medical equipment sold on the PartsSource.com commercial center.
However, the employment of these solutions incurs high initial installation costs and significant maintenance expenditure may hamper the global medical equipment maintenance market growth. In spite of that, rising focus on implementing preventive maintenance strategies between healthcare organizations and growing government support can offer more opportunities for the global medical equipment maintenance market growth.
North America is Expected to Dominate Global Medical Equipment Maintenance Market
North America is expected to dominate the growth global medical equipment maintenance market due to the factors such as the advanced medical infrastructure, increasing prevalence of chronic diseases, higher healthcare spending and presence of key players in this region. For instance; according to the Centers for Disease Control and Prevention (CDC); in 2019, around 6 of every 10 individuals in the US experience from at least one chronic disease, and 4 out of 10 individuals have at least two chronic conditions.
Asia Pacific is expected to witness a fastest growth in the global medical equipment maintenance market due to rising prevalence of chronic diseases that require medical devices for early diagnosis and growing number of hospitals and technological development in this region. According to the estimates by The Asia Pacific Burden of Disease, the death rate of CVD is around 272 per 100,000 people in India, which is comparatively higher than the Asia Pacific standard (i.e., 235 per 100 000 populace).
Moreover, the number of hospitals in the region are rising yearly. For instance; the overall number of hospitals in China has increase drastically over the last decade, from roughly 18,700 in 2005 to about 27,600 in 2015. Further, in 2019, there were around 33,000 hospitals in China. In December 2020, Sodexo India dispatched the drive Sodexo Healthcare Technology Management (HTM), a mobile-app-based help that will give maintenance administrations to biomedical equipment and its life cycle management in corporation with the Association of Healthcare Providers (AHPI).
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
Key Benefits for Global Medical Equipment Maintenance Market Report
- Global Medical Equipment Maintenance Market report covers in depth historical andforecast analysis.
- Global Medical Equipment Maintenance Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global Medical Equipment Maintenance Market report helps to identify opportunities in market place.
- Global Medical Equipment Maintenance Market report covers extensive analysis of emerging trends and competitive landscape.
Medical Equipment Maintenance Trends 2021
- Increasaing Demand For Preventive Maintenance Services.
- Recent Govt Policies & Processes Updates.
- Small & Medium Hospitals increasing Preference For Refurbished Medical Equipment.
- Indroduction Of Complex Technology In Medical Equipment.
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Medical Equipment Maintenance Market Size, Share, Growth And Forecast By 2027