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Medical Equipment Maintenance Market Size, Share & Trends Analysis Report By Equipment (Imaging Equipment, Surgical Instruments), By Service (Corrective Maintenance, Preventive Maintenance), And Segment Forecasts, 2021 - 2027

December 2020 | 110 pages | ID: M01FE24053B4EN
Grand View Research, Inc.

US$ 5,950.00

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Medical Equipment Maintenance Market Growth & Trends

The global medical equipment maintenance market size is expected to reach USD 61.7 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.9% from 2021 to 2027. Rising focus on preventive device maintenance, adoption of advanced funding mechanisms, growth of the associated devices markets, and increasing market share of refurbished medical devices are anticipated to drive the market over the forecast period.

In addition, a surge in the need for technologically advanced medical equipment and an increase in healthcare expenses are expected to propel the market growth. The maintenance of medical devices is a very essential procedure owing to the high use of devices in critical health matters. For instance, calibration is a vital procedure for any medical device to maintain and improve its precision and accuracy, thereby preventing any safety hazards.

Furthermore, the increasing prevalence of chronic diseases that require long-term patient care, coupled with a rapidly growing geriatric population, is anticipated to boost the market growth. Diseases such as pressure ulcers, diabetic foot, and cancer, which require long-term patient care, are expected to drive the market.

Growing demand and purchase of refurbished medical devices are other vital impacting factors that may propel the medical device maintenance market in the coming years. Additionally, the rising installation of technologically advanced medical devices in hospitals, diagnostic centers, and clinics is expected to drive the market over the forecast period. However, the higher maintenance cost is expected to restrain market growth.

Medical Equipment Maintenance Market Report Highlights
  • Based on equipment, the imaging equipment segment dominated the market with a share of 35.8% in 2020 owing to increasing consumption of the devices in the industry. The surgical instruments segment is anticipated to register the highest CAGR over the forecast period owing to an increase in the global surgical procedures
  • By service, the corrective maintenance segment dominated the market owing to the rising demand for these services as healthcare systems are installing refurbished devices on a large scale in the industry
  • The preventive maintenance service segment is expected to expand at the highest CAGR of 8.7% over the forecast period as planned inspections shall be increased. Such initiatives by regulatory authorities help limit adverse incidents and medical device-related accidents
  • North America dominated the market in 2020 with 38.4% of share due to the advanced healthcare infrastructure, higher healthcare spending, and increasing prevalence of chronic conditions within the region
  • Asia Pacific is anticipated to register the highest CAGR over the forecast period owing to the increasing healthcare facilities and growing medical tourism in the region
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
  1.1.1. Equipment
  1.1.2. Service
  1.1.3. Region
  1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
  1.3.1. Purchased database
  1.3.2. GVR’s internal database
  1.3.3. Secondary sources
  1.3.4. Primary research
1.4. Information or Data Analysis
  1.4.1. Data analysis models
1.5. Market Formulation & Validation
1.6. Model Details
  1.6.1. Commodity flow analysis (Model 1)
    1.6.1.1. Approach 1: Commodity flow approach
  1.6.2. Volume price analysis (Model 2)
    1.6.2.1. Approach 2: Volume price analysis
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
  1.9.1. Objective
  1.9.2. Objective
  1.9.3. Objective
  1.9.4. Objective

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

CHAPTER 3. MEDICAL EQUIPMENT MAINTENANCE MARKET VARIABLES, TRENDS & SCOPE

3.1. Market Lineage Outlook
  3.1.1. Parent market outlook
  3.1.2. Related/ancillary market outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Market Dynamics
  3.3.1. Market driver analysis
  3.3.2. Market restraint analysis
3.4. Medical Equipment Maintenance Market Analysis Tools
  3.4.1. Industry Analysis - Porter’s
    3.4.1.1. Supplier power
    3.4.1.2. Buyer power
    3.4.1.3. Substitution threat
    3.4.1.4. Threat of new entrant
    3.4.1.5. Competitive rivalry
  3.4.2. PESTEL Analysis
    3.4.2.1. Political landscape
    3.4.2.2. Technological landscape
    3.4.2.3. Economic landscape
  3.4.3. Major Deals & Strategic Alliances Analysis

CHAPTER 4. MEDICAL EQUIPMENT MAINTENANCE MARKET: EQUIPMENT ESTIMATES & TREND ANALYSIS

4.1. Medical Equipment Maintenance Market Share, 2020 & 2027
4.2. Medical Equipment Maintenance Market by Equipment Outlook
4.3. Market Size & Forecasts and Trend Analysis, 2016 to 2027
  4.3.1. Imaging Equipment
    4.3.1.1. CT
    4.3.1.2. MRI
    4.3.1.3. Digital X-Ray
    4.3.1.4. Ultrasound
    4.3.1.5. Others
      4.3.1.5.1. Life Support Devices
      4.3.1.5.2. Dental Equipment
  4.3.2. Electromedical Equipment
  4.3.3. Endoscopic Devices
  4.3.4. Surgical Instruments
  4.3.5. Other Medical Equipment

CHAPTER 5. MEDICAL EQUIPMENT MAINTENANCE MARKET: SERVICE ESTIMATES & TREND ANALYSIS

5.1. Medical Equipment Maintenance Market Share, 2020 & 2027
5.2. Medical Equipment Maintenance Market by Service Outlook
5.3. Market Size & Forecasts and Trend Analysis, 2016 to 2027
  5.3.1. Preventive Maintenance
  5.3.2. Corrective Maintenance
  5.3.3. Operational Maintenance

CHAPTER 6. MEDICAL EQUIPMENT MAINTENANCE MARKET: REGIONAL MARKET ANALYSIS, 2016 - 2027 (USD MILLION)

6.1. Regional Market Dashboard
6.2. Regional Market Share Analysis, 2020 & 2027
6.3. Market Size, & Forecasts, and Trend Analysis, 2016 to 2027
6.4. North America
  6.4.1. North America Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.4.2. U.S.
    6.4.2.1. U.S. Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.4.3. Canada
    6.4.3.1. Canada Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
6.5. Europe
  6.5.1. Europe Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.5.2. U.K.
    6.5.2.1. U.K. Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.5.3. Germany
    6.5.3.1. Germany Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.5.4. France
    6.5.4.1. France Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.5.5. Italy
    6.5.5.1. Italy Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.5.6. Spain
    6.5.6.1. Spain Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
6.6. Asia Pacific
  6.6.1. Asia Pacific Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.6.2. Japan
    6.6.2.1. Japan Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.6.3. China
    6.6.3.1. China Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.6.4. India
    6.6.4.1. India Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.6.5. Australia
    6.6.5.1. Australia Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.6.6. South Korea
    6.6.6.1. South Korea Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
6.7. Latin America
  6.7.1. Latin America Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.7.2. Brazil
    6.7.2.1. Brazil Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.7.3. Mexico
    6.7.3.1. Mexico Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.7.4. Argentina
    6.7.4.1. Argentina Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
6.8. MEA
  6.8.1. MEA Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.8.2. South Africa
    6.8.2.1. South Africa Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.8.3. Saudi Arabia
    6.8.3.1. Saudi Arabia Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)
  6.8.4. UAE
    6.8.4.1. UAE Medical Equipment Maintenance Market, 2016 - 2027 (USD Million)

CHAPTER 7. COMPETITIVE LANDSCAPE

7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Profiles
  7.2.1. GE Healthcare
    7.2.1.1. Company overview
    7.2.1.2. Financial performance
    7.2.1.3. Product benchmarking
    7.2.1.4. Strategic initiatives
  7.2.2. Siemens Healthineers
    7.2.2.1. Company overview
    7.2.2.2. Financial performance
    7.2.2.3. Product benchmarking
    7.2.2.4. Strategic initiatives
  7.2.3. Koninklijke Philips N.V.
    7.2.3.1. Company overview
    7.2.3.2. Financial performance
    7.2.3.3. Product benchmarking
    7.2.3.4. Strategic initiatives
  7.2.4. Dr?gerwerk AG & Co. KGaA
    7.2.4.1. Company overview
    7.2.4.2. Financial performance
    7.2.4.3. Product benchmarking
    7.2.4.4. Strategic initiatives
  7.2.5. Medtronic
    7.2.5.1. Company overview
    7.2.5.2. Financial performance
    7.2.5.3. Product benchmarking
    7.2.5.4. Strategic initiatives
  7.2.6. B. Braun Melsungen AG
    7.2.6.1. Company overview
    7.2.6.2. Financial performance
    7.2.6.3. Product benchmarking
    7.2.6.4. Strategic initiatives
  7.2.7. Aramark
    7.2.7.1. Company overview
    7.2.7.2. Financial performance
    7.2.7.3. Product benchmarking
    7.2.7.4. Strategic initiatives
  7.2.8. Alliance Medical Group
    7.2.8.1. Company overview
    7.2.8.2. Financial performance
    7.2.8.3. Product benchmarking
    7.2.8.4. Strategic initiatives
  7.2.9. Althea Group
    7.2.9.1. Company overview
    7.2.9.2. Financial performance
    7.2.9.3. Product benchmarking
    7.2.9.4. Strategic initiatives
  7.2.10. BC Technical, Inc.
    7.2.10.1. Company overview
    7.2.10.2. Financial performance
    7.2.10.3. Product benchmarking
    7.2.10.4. Strategic initiatives

LIST OF TABLES

Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 Global Medical Equipment Maintenance Market, by Region, 2016 - 2027 (USD Million)
Table 4 Global Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 5 Global Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 6 North America Medical Equipment Maintenance Market, by Country, 2016 - 2027 (USD Million)
Table 7 North America Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 8 North America Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 9 U.S. Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 10 U.S. Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 11 Canada Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 12 Canada Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 13 Europe Medical Equipment Maintenance Market, by Country, 2016 - 2027 (USD Million)
Table 14 Europe Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 15 Europe Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 16 U.K. Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 17 U.K. Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 18 Germany Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 19 Germany Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 20 France Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 21 France Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 22 Italy Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 23 Italy Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 24 Spain Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 25 Spain Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 26 Asia Pacific Medical Equipment Maintenance Market, by Country, 2016 - 2027 (USD Million)
Table 27 Asia Pacific Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 28 Asia Pacific Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 29 Japan Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 30 Japan Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 31 China Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 32 China Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 33 India Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 34 India Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 35 Australia Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 36 Australia Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 37 South Korea Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 38 South Korea Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 39 Latin America Medical Equipment Maintenance Market, by Country, 2016 - 2027 (USD Million)
Table 40 Latin America Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 41 Latin America Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 42 Brazil Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 43 Brazil Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 44 Mexico Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 45 Mexico Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 46 Argentina Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 47 Argentina Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 48 MEA Medical Equipment Maintenance Market, by Country, 2016 - 2027 (USD Million)
Table 49 MEA Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 50 MEA Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 51 South Africa Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 52 South Africa Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 53 Saudi Arabia Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 54 Saudi Arabia Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
Table 55 UAE Medical Equipment Maintenance Market, by Equipment, 2016 - 2027 (USD Million)
Table 56 UAE Medical Equipment Maintenance Market, by Service, 2016 - 2027 (USD Million)
LIST OF FIGURES

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Commodity Flow Analysis
Fig. 9 Volume Price Analysis
Fig. 10 Medical equipment maintenance market snapshot (2020)
Fig. 11 Medical equipment maintenance market segmentation
Fig. 12 Parent market outlook
Fig. 13 Related/ancillary market outlook
Fig. 14 Penetration & growth prospect mapping
Fig. 15 Medical equipment maintenance value chain analysis
Fig. 16 Market driver relevance analysis (Current & future impact)
Fig. 17 Market restraint relevance analysis (Current & future impact)
Fig. 18 Porter’s five forces analysis
Fig. 19 SWOT analysis, by factor (political & legal, economic and technological)
Fig. 20 Medical equipment maintenance market equipment outlook: Segment dashboard
Fig. 21 Medical equipment maintenance market: Equipment movement analysis
Fig. 22 Imaging equipment market, 2016 - 2027 (USD Million)
Fig. 23 CT market, 2016 - 2027 (USD Million)
Fig. 24 MRI market, 2016 - 2027 (USD Million)
Fig. 25 Digital X-ray market, 2016 - 2027 (USD Million)
Fig. 26 Ultrasound market, 2016 - 2027 (USD Million)
Fig. 27 Others market, 2016 - 2027 (USD Million)
Fig. 28 Life support devices market, 2016 - 2027 (USD Million)
Fig. 29 Dental equipment market, 2016 - 2027 (USD Million)
Fig. 30 Electromedical equipment market, 2016 - 2027 (USD Million)
Fig. 31 Endoscopic devices market, 2016 - 2027 (USD Million)
Fig. 32 Surgical instruments market, 2016 - 2027 (USD Million)
Fig. 33 Other medical equipment market, 2016 - 2027 (USD Million)
Fig. 34 Medical equipment maintenance market Service Outlook: Segment dashboard
Fig. 35 Medical equipment maintenance market: Service movement analysis
Fig. 36 Preventive maintenance market, 2016 - 2027 (USD Million)
Fig. 37 Corrective maintenance market, 2016 - 2027 (USD Million)
Fig. 38 Operational maintenance market, 2016 - 2027 (USD Million)
Fig. 39 Regional market: Key takeaways
Fig. 40 Regional market share
Fig. 41 Regional outlook, 2020 & 2027
Fig. 42 North America medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 43 U.S. medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 44 Canada medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 45 Europe medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 46 U.K. medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 47 Germany medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 48 France medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 49 Italy medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 50 Spain medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 51 Asia Pacific medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 52 China medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 53 India medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 54 Japan medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 55 South Korea medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 56 Australia medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 57 Latin America medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 58 Brazil medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 59 Mexico medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 60 Argentina medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 61 MEA medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 62 South Africa medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 63 Saudi Arabia medical equipment maintenance market, 2016 - 2027 (USD Million)
Fig. 64 UAE medical equipment maintenance market, 2016 - 2027 (USD Million)


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