Europe Medical Equipment Maintenance Market to Reach USD 7.98 Bn by 2022, Says M&M in Its New Study Recently Added at MarketPublishers.com28 Nov 2017 • by Natalie Aster
LONDON – Over 2017-2022, Europe’s market for medical equipment maintenance is projected to increase at a 9.6% CAGR to increase from USD 5.05 billion to USD 7.98 billion. The key drivers of the regional market growth comprise escalating focus on preventive maintenance, uptake in associated equipment markets, increasing purchases of refurbished medical systems and expanding adoption of innovative funding mechanisms, amidst others. Meantime, considerable maintenance expenditure and high initial cost could hamper further growth in the European market for medical equipment maintenance.
As for modality, the regional medical equipment maintenance market is led by the primary imaging modalities sector in terms of expected growth rates through 2022.
As for types of service providers, the market is dominated by OEMs, this is majorly attributed to their strong technical expertise and broad geographic presence in Europe.
Germany holds the biggest share of the European market for medical equipment maintenance. This country-wide market is also forecast to rise at the highest CAGR through 2022, due to huge installation base of medical equipment, well-established healthcare infrastructure, remarkable presence of OEMs and ongoing technological developments in the medical industry.
New research study “European Medical Equipment Maintenance Market by Device, Service Provider & End User - Forecasts to 2022” elaborated by MarketsandMarkets (M&M) describes the actual scenario in the medical equipment maintenance market in Europe. It presents a detailed analysis of the regional market performance and dynamics, discusses top trends and examines the main forces influencing the market growth. Furthermore, this research publication covers the market segmentation in detail, sheds light on the emerging opportunities as well as identifies the key challenges, scrutinises the competitive scene and offers profiles of the top players active in this marketplace. Additionally, this report provides access to future forecasts up to 2022.
Many other new topical reports prepared by this publisher are available in the MarketsandMarkets online catalogue at MarketPublishers.com.