HOME Top Market Reports European Medical Equipment Maintenance Market by Device (Imaging (MR, CT, PET-CT, C-Arms, general X-ray), Endoscopy, Surgical instruments, Electromedical), Service Provider (OEM, ISO, In-house) & End User (Public-sector, Private-sector) - Forecasts to 2022

European Medical Equipment Maintenance Market by Device (Imaging (MR, CT, PET-CT, C-Arms, general X-ray), Endoscopy, Surgical instruments, Electromedical), Service Provider (OEM, ISO, In-house) & End User (Public-sector, Private-sector) - Forecasts to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: MD 5347

 

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The European medical equipment maintenance market is expected to reach USD 7.98 Billion by 2022 from USD 5.05 Billion in 2017, at a CAGR of 9.6% during the forecast period.

The objectives of this study are as follows:

  • To define, describe, and forecast the European medical equipment maintenance market by device, service, service provider, contract type, end user, and country
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the market
  • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market segments with respect to European countries, namely, Germany, U.K., France, Italy, Spain, and Rest of Europe (RoE)
  • To profile key players and comprehensively analyze their product portfolios, market positions, and core competencies
  • To track and analyze competitive developments such as agreements, partnerships, collaborations, mergers & acquisitions, and expansions in the European medical equipment maintenance market

Research Methodology

The study estimates the European medical equipment maintenance market size for 2017 and projects its demand till 2022. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information of the report. Primary Sources from the demand side include various industry CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from the various original equipment manufacturers (OEMs) and independent service organizations (ISOs) in the medical equipment maintenance and services market. Primary sources from the demand include hospital purchase managers, radiologists, and physicians from reputed hospitals. For market estimation process both top-down and bottom-up approaches were used to estimate and validate the market size of the market as well as to estimate the market size of various other dependent submarkets. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.

European Medical Equipment Maintenance Market

To know about the assumptions considered for the study, download the pdf brochure

The medical equipment maintenance market is highly competitive with the presence of both OEMs and ISOs. GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers (Germany), Toshiba Medical Systems Europe (Germany), and Drägerwerk AG & Co. KGaA (Germany) are some of the leading OEMs; whereas, TBS Group S.p.A. (Italy), Alliance Medical Group (U.K.), Pantheon Group (Italy), Technologie Sanitarie S.p.A. (Italy), Avensys UK Ltd. (U.K.), and Grupo Empresarial Electromédico (Spain) are some of the leading ISOs operating in the European medical equipment maintenance market.

Target Audience for this Report:

  • Medical equipment manufacturers and suppliers
  • Independent services organizations (ISOs)
  • Healthcare institutions (hospitals and outpatient clinics)
  • Academic institutes and universities
  • Distributors and suppliers of electromedical equipment and services
  • Research and consulting firms

Scope of the Report

This report categorizes the European medical equipment maintenance market into following segments and subsegments.

By Device Type

  • Imaging Modalities*
  • Advanced
  • Primary
  • Endoscopic Devices
  • Surgical Instruments
  • Other Devices**

By Service Type

  • Preventive Maintenance
  • Corrective Maintenance
  • Operational Maintenance

By Service Provider

  • Original Equipment Manufacturers (OEMs)
    • Multi-vendor OEMs
    • Single-vendor OEMs
  • Independent Service Organizations (ISOs)
  • In-house Services

By Contract Type

  • Annual Maintenance Contracts
  • Multi-year Maintenance Contracts

By End User

  • Public-sector Organizations
  • Private-sector Organizations

By Country

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe (RoE)

Note:  1. Advanced imaging modalities include computed tomography (CT), positron emission tomography-computed tomography (PET-CT), magnetic resonance imaging (MRI), gamma cameras, and angiography systems and Primary imaging modalities include general X-ray, digital X-ray, C-arms, mammography systems, and ultrasound systems.
2.  **other devices include defibrillators, ECG machines, infusion pumps, pulse oximeter, and patient monitors.

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company‘s specific needs.

The following customization options are available for this report.

Company Information

Detailed analysis and profiling of additional market players (up to 5)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Market Size Estimation
    2.2 Market Breakdown and Data Triangulation
    2.3 Assumptions for the Study

3 Executive Summary (Page No. - 25)

4 European Medical Equipment Maintenance Market: Premium Insights (Page No. - 30)
    4.1 Market Overview (2017–2022)
    4.2 By Device Type (2017)
    4.3 European Imaging Equipment Maintenance Market Size, By Modality, 2017 vs 2022 (USD Million)
    4.4 Market, By Service Type
    4.5 Market Size, By Service Provider, 2017 vs 2022 (USD Million)
    4.6 Growth Opportunities

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growth in Associated Equipment Markets
                    5.2.1.2 Rising Focus on Preventive Medical Equipment Maintenance
                    5.2.1.3 Adoption of Innovative Funding Mechanisms
                    5.2.1.4 Growing Purchase of Refurbished Medical Systems
           5.2.2 Restraints
                    5.2.2.1 High Initial Cost and Significant Maintenance Expenditure
           5.2.3 Opportunities
                    5.2.3.1 Innovation in Service Offerings & Use of Iot
                    5.2.3.2 Emergence of ISOS
           5.2.4 Challenge
                    5.2.4.1 Survival of Players in A Highly Fragmented and Competitive Market
           5.2.5 Market Trends
                    5.2.5.1 Market Consolidation
                    5.2.5.2 Preference for Multi-Vendor Contracts
                    5.2.5.3 Equipment Maintenance Insurance Tools for Imaging Centers

6 Regulatory Standards (Page No. - 43)
    6.1 Introduction
           6.1.1 ISO Standards
                    6.1.1.1 ISO 9001:2015
                    6.1.1.2 ISO 13485:2016

7 European Medical Equipment Maintenance Market, By Device Type (Page No. - 45)
    7.1 Introduction
    7.2 Imaging Equipment
           7.2.1 Advanced Imaging Modalities
           7.2.2 Primary Imaging Modalities
    7.3 Endoscopic Devices
    7.4 Surgical Instruments
    7.5 Electromedical Equipment

8 European Medical Equipment Maintenance Market, By Service Type (Page No. - 56)
    8.1 Introduction
    8.2 Preventive Maintenance
    8.3 Corrective Maintenance
    8.4 Operational Maintenance

9 European Medical Equipment Maintenance Market, By Service Provider (Page No. - 62)
    9.1 Introduction
    9.2 Original Equipment Manufacturers (OEMS)
           9.2.1 Multi-Vendor OEMS
           9.2.2 Single-Vendor OEMS
    9.3 Independent Service Organizations (ISOS)
    9.4 In-House Maintenance

10 European Medical Equipment Maintenance Market, By Contract Type (Page No. - 72)
     10.1 Introduction
     10.2 Annual Maintenance Contracts
     10.3 Multi-Year Maintenance Contracts

11 European Medical Equipment Maintenance Market, By End User (Page No. - 76)
     11.1 Introduction
     11.2 Public-Sector Organizations
     11.3 Private-Sector Organizations

12 European Medical Equipment Maintenance Market, By Region (Page No. - 80)
     12.1 Introduction
     12.2 Germany
     12.3 France
     12.4 U.K.
     12.5 Italy
     12.6 Spain
     12.7 Rest of Europe (RoE)

13 Competitive Landscape (Page No. - 104)
     13.1 Overview
     13.2 Market Share Analysis
     13.3 Vendor Dive Overview
             13.3.1 Vanguards
             13.3.2 Dynamic Players
             13.3.3 Emerging Players
             13.3.4 Innovators
     13.4 Competitive Benchmarking

14 Company Profiles (Page No. - 110)
(Overview, Products and Services, Financials, Strategy & Development)*
     14.1 Ge Healthcare (A General Electric Company)
     14.2 Siemens Healthineers (A Division of Siemens AG)
     14.3 Koninklijke Philips N.V.
     14.4 Pantheon Healthcare Group (A Part of Permira Group)
     14.5 TBS Group S.P.A
     14.6 Agfa-Gevaert Group
     14.7 Agenor Mantenimientos
     14.8 B. Braun Melsungen AG
     14.9 BCAS Biomedical Services Ltd (BCAS_ Biomed)
     14.10 Canon, Inc. (Toshiba Medical Systems Corporation)
     14.11 Drägerwerk AG & Co. KGaA
     14.12 Grupo Empresarial Electromédico
     14.13 Hitachi Medical Corporation (Hitachi, Ltd.)
     14.14 Medtronic PLC
     14.15 Olympus Corporation
     14.16 Technologie Sanitarie S.P.A.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies

15 Appendix (Page No. - 158)
     15.1 Insights From Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details


List of Tables (84 Tables)

Table 1 Recent Acquisitions (2014–2017)
Table 2 Europe: Medical Equipment Maintenance Market Size, By Device Type, 2015–2022 (USD Million)
Table 3 Leading Vendors Offering Maintenance Services for Imaging Equipment
Table 4 Europe: Imaging Equipment Maintenance Market Size, By Country, 2015–2022 (USD Million)
Table 5 Europe: Imaging Equipment Maintenance Market Size, By Modality, 2015–2022 (USD Million)
Table 6 Europe: Advanced Imaging Modalities Market Size, By Country, 2015–2022 (USD Million)
Table 7 Europe: Primary Imaging Modalities Market Size, By Country, 2015–2022 (USD Million)
Table 8 Leading Vendors Offering Maintenance Services for Endoscopic Devices
Table 9 Europe: Endoscopic Device Maintenance Market Size, By Country, 2015–2022 (USD Million)
Table 10 Leading Vendors Offering Maintenance for Surgical Instruments
Table 11 Europe: Surgical Instrument Maintenance Market Size, By Country, 2015–2022 (USD Million)
Table 12 Leading Vendors Offering Maintenance Services for Electromedical Equipment
Table 13 Europe: Electromedical Equipment Maintenance Market Size, By Country, 2015–2022 (USD Million)
Table 14 Europe: Medical Equipment Maintenance Market Size, By Service Type, 2015–2022 (USD Million)
Table 15 Europe: Preventive Medical Equipment Maintenance Market Size, By Country, 2015–2022 (USD Million)
Table 16 Europe: Corrective Medical Equipment Maintenance Market Size, By Country, 2015–2022 (USD Million)
Table 17 Europe: Operational Medical Equipment Maintenance Market Size, By Country, 2015–2022 (USD Million)
Table 18 Cost of Contracts From Different Types of Service Providers
Table 19 Europe: Medical Equipment Maintenance Market Size, By Service Provider, 2015-2022 (USD Million)
Table 20 Europe: Medical Equipment Maintenance Market Size for OEMS, By Country, 2015-2022 (USD Million)
Table 21 Europe: Medical Equipment Maintenance Market Size for OEMS, By Type, 2015-2022 (USD Million)
Table 22 Europe: Medical Equipment Maintenance Market Size for Multi-Vendor OEMS, By Country, 2015-2022 (USD Million)
Table 23 Europe: Medical Equipment Maintenance Market Size for Single-Vendor OEMS, By Country, 2015-2022 (USD Million)
Table 24 Europe: Medical Equipment Maintenance Market Size for ISOS, By Country, 2015-2022 (USD Million)
Table 25 Europe: Medical Equipment Maintenance Market Size for In-House Maintenance, By Country, 2015-2022 (USD Million)
Table 26 Europe: Medical Equipment Maintenance Market Size, By Contract Type, 2015–2022 (USD Million)
Table 27 Europe: Annual Medical Equipment Maintenance Contracts Market Size, By Country, 2015–2022 (USD Million)
Table 28 Recent Multi-Year Contracts for Medical Equipment Maintenance (2014–2016)
Table 29 Europe: Multi-Year Medical Equipment Maintenance Contracts Market Size, By Country, 2015–2022 (USD Million)
Table 30 Europe: Medical Equipment Maintenance Market Size, By End User, 2015–2022 (USD Million)
Table 31 Europe: Medical Equipment Maintenance Market Size for Public-Sector Organizations, By Country, 2015–2022 (USD Million)
Table 32 Europe: Medical Equipment Maintenance Market Size for Private-Sector Organizations, By Country, 2015–2022 (USD Million)
Table 33 European Medical Equipment Maintenance Market Size, By Country, 2015-2022 (USD Million)
Table 34 Germany: Medical Equipment Maintenance Market Size, By Device Type, 2015-2022 (USD Million)
Table 35 Germany: Imaging Equipment Maintenance Market Size, By Modality, 2015-2022 (USD Million)
Table 36 Germany: Medical Equipment Maintenance Market Size, By Service Type, 2015-2022 (USD Million)
Table 37 Germany: Medical Equipment Maintenance Market Size, By Service Provider, 2015-2022 (USD Million)
Table 38 Germany: Medical Equipment Maintenance Market Size for OEMS, By Type, 2015-2022 (USD Million)
Table 39 Germany: Medical Equipment Maintenance Market Size, By Contract Type, 2015-2022 (USD Million)
Table 40 Germany: Medical Equipment Maintenance Market Size, By End User, 2015-2022 (USD Million)
Table 41 France: Medical Equipment Maintenance Market Size, By Device Type, 2015-2022 (USD Million)
Table 42 France: Imaging Equipment Maintenance Market Size, By Modality, 2015-2022 (USD Million)
Table 43 France: Medical Equipment Maintenance Market Size, By Service Type, 2015-2022 (USD Million)
Table 44 France: Medical Equipment Maintenance Market Size, By Service Provider, 2015-2022 (USD Million)
Table 45 France: Medical Equipment Maintenance Market Size for OEMS, By Type, 2015-2022 (USD Million)
Table 46 France: Medical Equipment Maintenance Market Size, By Contract Type, 2015-2022 (USD Million)
Table 47 France: Medical Equipment Maintenance Market Size, By End User, 2015-2022 (USD Million)
Table 48 Contracts Between the Nhs & Equipment Maintenance Service Providers (2013-2016)
Table 49 U.K.: Medical Equipment Maintenance Market Size, By Device Type, 2015-2022 (USD Million)
Table 50 U.K.: Imaging Equipment Maintenance Market Size, By Modality, 2015-2022 (USD Million)
Table 51 U.K.: Medical Equipment Maintenance Market Size, By Service Type, 2015-2022 (USD Million)
Table 52 U.K.: Medical Equipment Maintenance Market Size, By Service Provider, 2015-2022 (USD Million)
Table 53 U.K.: Medical Equipment Maintenance Market Size for OEMS, By Type, 2015-2022 (USD Million)
Table 54 U.K.: Medical Equipment Maintenance Market Size, By Contract Type, 2015-2022 (USD Million)
Table 55 U.K.: Medical Equipment Maintenance Market Size, By End User, 2015-2022 (USD Million)
Table 56 Italy: Medical Equipment Maintenance Market Size, By Device Type, 2015-2022 (USD Million)
Table 57 Italy: Imaging Equipment Maintenance Market Size, By Modality, 2015-2022 (USD Million)
Table 58 Italy: Medical Equipment Maintenance Market Size, By Service Type, 2015-2022 (USD Million)
Table 59 Italy: Medical Equipment Maintenance Market Size, By Service Provider, 2015-2022 (USD Million)
Table 60 Italy: Medical Equipment Maintenance Market Size for OEMS, By Type, 2015-2022 (USD Million)
Table 61 Italy: Medical Equipment Maintenance Market Size, By Contract Type, 2015-2022 (USD Million)
Table 62 Italy: Medical Equipment Maintenance Market Size, By End User, 2015-2022 (USD Million)
Table 63 Spain: Medical Equipment Maintenance Market Size, By Device Type, 2015-2022 (USD Million)
Table 64 Spain: Imaging Equipment Maintenance Market Size, By Modality, 2015-2022 (USD Million)
Table 65 Spain: Medical Equipment Maintenance Market Size, By Service Type, 2015-2022 (USD Million)
Table 66 Spain: Medical Equipment Maintenance Market Size, By Service Provider, 2015-2022 (USD Million)
Table 67 Spain: Medical Equipment Maintenance Market Size for OEMS, By Type, 2015-2022 (USD Million)
Table 68 Spain: Medical Equipment Maintenance Market Size, By Contract Type, 2015-2022 (USD Million)
Table 69 Spain: Medical Equipment Maintenance Market Size, By End User, 2015-2022 (USD Million)
Table 70 Strategic Developments in the RoE Market
Table 71 RoE: Medical Equipment Maintenance Market Size, By Device Type, 2015-2022 (USD Million)
Table 72 RoE: Imaging Equipment Maintenance Market Size, By Modality, 2015-2022 (USD Million)
Table 73 RoE: Medical Equipment Maintenance Market Size, By Service Type, 2015-2022 (USD Million)
Table 74 RoE: Medical Equipment Maintenance Market Size, By Service Provider, 2015-2022 (USD Million)
Table 75 RoE: Medical Equipment Maintenance Market Size for OEMS, By Type, 2015-2022 (USD Million)
Table 76 RoE: Medical Equipment Maintenance Market Size, By Contract Type, 2015-2022 (USD Million)
Table 77 RoE: Medical Equipment Maintenance Market Size, By End User, 2015-2022 (USD Million)
Table 78 Exchange Rate (Utilized for Conversion of Eur to USD)
Table 79 Exchange Rate (Utilized for Conversion of Eur to USD)
Table 80 Exchange Rate (Utilized for Conversion of Eur to USD)
Table 81 Exchange Rate (Utilized for Conversion of Eur to USD)
Table 82 Exchange Rates (Utilized for Conversion of Yen to USD)
Table 83 Exchange Rates (Utilized for Conversion of Euro to USD)
Table 84 Exchange Rate (Utilized for Conversion of Yen to USD)


List of Figures (47 Figures)

Figure 1 European Medical Equipment Maintenance: Market Segmentation
Figure 2 Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top- Down Approach
Figure 5 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 6 Data Triangulation Methodology
Figure 7 Key Data From Secondary Sources
Figure 8 Key Data Points From Primary Sources
Figure 9 Key Industry Insights
Figure 10 European Medical Equipment Maintenance Market, By Device Type (2017–2022)
Figure 11 European Imaging Equipment Maintenance Market Size, By Modality, 2017 vs 2022 (USD Million)
Figure 12 European Medical Equipment Maintenance Market Size, By Service Type, 2017 vs 2022 (USD Million)
Figure 13 European Medical Equipment Maintenance Market Size, By Service Provider, 2017 vs 2022 (USD Million)
Figure 14 European Medical Equipment Maintenance Market Size, By Contract Type, 2017 vs 2022 (USD Million)
Figure 15 European Medical Equipment Maintenance Market Size, By End User, 2017 vs 2022 (USD Million)
Figure 16 European Medical Equipment Maintenance Market Size, By Country, 2017 vs 2022 (USD Million)
Figure 17 Rising Trend of Preventive Maintenance to Drive the Growth of the European Medical Equipment Maintenance Market
Figure 18 Imaging Equipment is Expected to Command the Largest Market Share in 2017
Figure 19 Advanced Modalities Segment Will Continue to Dominate the European Imaging Equipment Maintenance Market in 2022
Figure 20 Preventive Maintenance to Register the Highest CAGR From 2017 to 2022
Figure 21 OEMS to Dominate the European Medical Equipment Maintenance Market in 2017
Figure 22 Germany to Witness the Highest Growth During the Forecast Period
Figure 23 European Medical Equipment Maintenance Market: Drivers, Restraints, Opportunities, and Challenges
Figure 24 Imaging Equipment Segment to Witness Highest Growth (2017–2022)
Figure 25 Primary Modalities to Witness Highest Growth During the Forecast Period
Figure 26 MRI vs CT: Number of Examinations (2000-2014)
Figure 27 Europe: Electromedical Equipment Maintenance Market Size, By Country (2017 vs 2022)
Figure 28 Preventive Maintenance to Dominate the Market During the Forecast Period
Figure 29 OEMS to Account for the Largest Share of the European Medical Equipment Maintenance Market in 2017
Figure 30 Multi-Vendor OEMS to Register the Highest CAGR During the Forecast Period
Figure 31 Annual Maintenance Contracts to Form the Largest Market Segment in 2017
Figure 32 Public-Sector Organizations: the Largest End-User Segment in the Market
Figure 33 Germany to Dominate the European Medical Equipment Maintenance Market in 2017
Figure 34 Market Share Analysis, By Key Player (2016)
Figure 35 MnM Vendor-Dive Comparison Matrix
Figure 36 Service Offering (For All 25 Players)
Figure 37 Business Strategy (For All 25 Players)
Figure 38 Company Snapshot: GE Healthcare (2016)
Figure 39 Siemens AG: Company Snapshot (2016)
Figure 40 TBS Group S.P.A: Company Snapshot (2015)
Figure 41 Agfa-Gevaert Group: Company Snapshot (2016)
Figure 42 B. Braun Melsungen AG.: Company Snapshot (2016)
Figure 43 Canon, Inc.: Company Snapshot (2016)
Figure 44 Drägerwerk AG & Co. KGaA: Company Snapshot (2016)
Figure 45 Hitachi, Ltd.: Company Snapshot (2016)
Figure 46 Medtronic PLC: Company Snapshot (2016)
Figure 47 Olympus Corporation: Company Snapshot (2016)

The European medical equipment maintenance market is expected to reach USD 7.98 Billion by 2022 from USD 5.05 Billion in 2017, at a CAGR of 9.6% during the forecast period. A number of factors, such as rising focus on preventive medical equipment maintenance, adoption of innovative funding mechanism, growth in associated equipment markets and growing purchase of refurbished medical equipment are expected to drive the growth of the market. On the other hand, high initial cost and significant maintenance expenditure are expected to restrain the growth of this market in the coming years.

This report segments the European medical equipment maintenance market into device type, service type, service providers, contract type, end user and regions.

On the basis of device type, the market is segmented into imaging equipment, endoscopic devices, surgical instruments, and electromedical equipment. In 2017, the imaging equipment segment is expected to account for the largest share of the European medical equipment maintenance market. This segment is also expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the high replacement cost of imaging equipment and the need for ensuring maximum equipment uptime.

The market, by service type is segmented into corrective, preventive, and operational maintenance. In 2017, preventive maintenance is expected to account for the largest share of the market. Technological advancements in medical devices and the consequent need for their preventive maintenance are expected to fuel market growth in this segment.

Based on the service provider, the European medical equipment maintenance market is segmented into original equipment manufacturers (OEMs), independent service organizations (ISOs), and in-house maintenance. In 2017, OEMs are expected to account for the largest share of the market. The large share of the OEMs segment can primarily be attributed to the wide geographic presence and strong technical expertise of OEMs.

On the basis of contract type, the European medical equipment maintenance market is categorized into annual and multi-year maintenance contracts. In 2017, the annual maintenance contracts segment is expected to account for the largest share of the market. Small hospitals prefer annual contracts as they look for cost-effective options due to budgetary constraints and short-term contracts would also allow them the flexibility to switch between service providers if required later.

By end user, the European medical equipment maintenance market is segmented into public-sector organizations and private-sector organizations. In 2017, the public-sector organizations’ segment is expected to account for the largest share market. The dominance of public healthcare in most of the European economies, as well as the increase in value-based procurement of medical equipment are the major factors driving the growth of this end-user segment.

European Medical Equipment Maintenance Market

The market is dominated by Germany, followed by France. Germany dominated the market in 2017 and is also poised to grow at highest CAGR during the forecast period. Factors such as large installation base of medical equipment, significant presence of OEMs, well-established healthcare infrastructure, and growing medical technology market are some of the key factors driving the growth of market in this region

The European medical equipment maintenance market is highly competitive with the presence of both OEMs and ISOs. GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers (Germany), Toshiba Medical Systems Europe (Germany), and Drägerwerk AG & Co. KGaA (Germany) are some of the leading OEMs; whereas, TBS Group S.p.A. (Italy), Pantheon Group (Italy), Technologie Sanitarie S.p.A. (Italy), Avensys UK Ltd. (U.K.), and Grupo Empresarial Electromédico (Spain) are some of the leading ISOs operating in the market. Despite the positive outlook for the market growth in the Europe, budgetary constraints pose a significant challenge for the market growth in coming years.

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