Industry Background:
As with the management of medical devices is on the higher level of complexity in last few years, because of the increasing sophistication and specialization of equipment, integration with electronic networks, high dependency on outsourcing for specialized maintenance and repair, and ever-increasing necessities for compliance, safety, reliability, and accuracy. By considering these matters need to be addressed while maintaining an equipment inventory capable of providing the right equipment at the right time for the right application.
According to AMA Research, the market for Medical Equipment Maintenance is expected to register a CAGR of 10.6% during the forecast period to 2030. This growth is primarily driven by High growth in the equipment market across the globe, majorly in the Asia Pacific regions. Enhancement of the healthcare industry, along with the rising concern towards preventive medical equipment markets. Simultaneously, there are increasing trends for the purchase of refurbished medical systems..
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Health Care Facilities sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as GE Healthcare (United States), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers (Germany), Toshiba Medical Systems Europe (Germany), Drägerwerk AG & Co. KGaA (Germany), Aramark (United States), BC Technical, Inc. (United States), Alliance Medical Group (United Kingdom), Althea Group (Italy), Pantheon (Italy), Hitachi (Japan) and Philips (Netherlands), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In July 2022, B. Braun launched the Technical Service Center to provide quality-driven medical equipment repair and maintenance services to support the Thailand public health system.
In Sep 2019, EquipX announced the collaboration with Siemens Healthineers to manage the clinical equipment by maintaining the real operating costs, business profitability, and others. Through this step, the company is aiming to enhance its market position and earn more benefits.The global medical equipment maintenance market is strongly competitive and consists of a high number of major players. In terms of market share, some of the leading players highly dominating the global market. These leading market players are focusing on strategic initiatives to enhance their market share and improve their profitability.
Influencing Trend:
High Adoption of the Multi-Vendor Contracts and High Adoption of Maintenance Insurance for the Imaging Centers
Market Growth Drivers:
High growth in the equipment market across the globe, majorly in the Asia Pacific regions. Enhancement of the healthcare industry, along with the rising concern towards preventive medical equipment markets. Simultaneously, there are increasing trends for the purchase of refurbished medical systems.
Challenges:
Strong Market Competition, Difficult to Survive Small Players
Restraints:
Required High Initial Cost for Entering in this Market
Opportunities:
Increasing Innovations in Service Offerings and Rapid Adoption of the IoT and Appearance of ISOs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Medical Equipment Maintenance Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Medical Equipment Maintenance Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Medical Equipment Maintenance players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Medical Equipment Maintenance Study Sheds Light on
The Medical Equipment Maintenance Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Equipment Maintenance industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Equipment Maintenance industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.