Medical Equipment Maintenance Market by Product (Imaging (MRI, CT, PET-CT, ultrasound, X-ray), Endoscopes, Lasers, Ventilators, Dialysis, Monitors), Provider (OEM, ISO, In-house), Service (Preventive, Operational), End User (Hospital, ASCs) & Region - Global Forecast to 2026
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The global medical equipment maintenance market in terms of revenue was estimated to be worth $45.2 billion in 2021 and is poised to reach $74.2 billion by 2026, growing at a CAGR of 10.4% from 2021 to 2026. The latest edition of the report includes an assessment of the impact of the COVID-19 outbreak on the market and the players operating in it. The report also analyzes the effect of the COVID-19 pandemic for the forecast period. Country-level market data has been updated, and South Korea, Australia, Brazil, Mexico, and the Rest of Latin America have been provided with country-level segmentation in this version of the report. This report includes market values for North American countries, including the US and Canada; European countries, including Germany, the UK, France, Spain, Italy, and the Rest of Europe; Asia-Pacific countries, including China, Japan, India, Australia, South Korea, and the Rest of Asia-Pacific; Latin American countries, including Brazil, Mexico, and the Rest of LATAM; and the Middle East and Africa. This report is expected to give a more detailed understanding of this regional segment of the medical equipment maintenance market. The expanding patient population, rising focus on early diagnosis, growing number of diagnostic imaging procedures, presence of a large number of OEMs, and increased agreements and collaborations between service providers and end users are the major factors driving the growth of the market. Moreover, the high initial costs and significant maintenance expenditures may hinder the growth of this market during the forecast period.
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Medical Equipment Maintenance Market Dynamics
Driver: rising focus on preventive medical equipment maintenance
The focus on the preventive maintenance of medical equipment has grown in recent years as healthcare institutions seek to enhance patient safety and care quality. This involves a carefully designed programme where maintenance tasks are performed in a scheduled manner to avoid larger and more costly repairs down the line. It also helps in reducing equipment downtime, which enhances day-to-day operations and improves device reliability.
The preventive maintenance approach is gaining prominence as planned inspections and medical device maintenance help avoid adverse incidents and medical device-related accidents. Regular maintenance services ensure the safe, efficient, and long-lasting use of medical devices. The growing focus on implementing preventive maintenance strategies among healthcare organizations is expected to offer growth opportunities for service providers in the coming years.
Restraint: high initial cost and significant maintenance expenditure
Maintenance programmes for medical devices enable healthcare providers to track and monitor their condition, thereby ensuring efficient utilisation and maximum uptime. This is also essential, given the current focus on preventive maintenance and cost pressures, to control total expenditure against a background of austerity measures. Such programmes include the deployment of asset management solutions, which use advanced technologies.
However, the deployment of these solutions incurs high initial installation costs and significant maintenance expenditures, while the installation of advanced medical equipment incurs a service contract cost (12% of the cost of medical equipment) to be paid per year. The service cost thus paid during the lifespan of the equipment is usually more than the cost of the equipment. The high cost associated with the purchase and maintenance of advanced medical equipment is preventing end users from adopting it.
Opportunity: Emergence of ISOs
The medical equipment maintenance and services sector was initially dominated by OEMs. However, OEMs typically charge more than third-party vendors and often take longer for maintenance, resulting in higher associated costs as well as downtime. This situation, especially given the backdrop of continuing austerity measures and the need for cost-curtailment in healthcare systems, has led to the emergence of ISOs dedicated to solely providing maintenance services.
With a strong team of experts, these organisations can cater to customers in situations where OEMs fail to offer satisfactory and time-efficient solutions. Moreover, ISOs offer services for multiple brands of medical devices, providing end users with a central, independent management platform for uniform service delivery across all asset groups while reducing maintenance costs.
Challenge: Survival of players in a highly fragmented and competitive market
The market is highly fragmented and competitive, and it comprises a broad range of players, including multinational companies and small local players. The high capital required for retaining biomedical engineers, logistics of medical devices, and regulatory approval make it difficult for several companies (especially start-ups and small organizations) to sustain their presence in the industry.
As a result, companies are focusing on the development of better and improved technologies to gain a competitive edge. A few companies have also emphasised acquisitions and partnerships to maintain and improve their market sustainability, expertise, and technological capabilities. This provides a highly competitive and dynamic environment, which makes it difficult for smaller companies to survive.
By service provider, the multi-vendor OEMs segment dominated the medical equipment maintenance market.
Based on the service provider, the market is segmented into multi-vendor OEMs, single-vendor OEMs, ISOs, and in-house maintenance. The multi-vendor OEMs dominated the market in 2020. The total cost of maintenance services provided under multi-vendor management is lower than single-vendor OEM contracts, with a similar quality of services. A cost reduction of 20% can be achieved by outsourcing to a service provider providing multi-vendor services (MVS), which is expected to fuel the growth of this segment during the forecast period.
By service type, the preventive maintenance segment dominated the medical equipment maintenance market.
Based on service type, the market is segmented into corrective, preventive, and operational maintenance. The preventive maintenance segment is estimated to dominate the market in 2020. The growing focus on implementing preventive maintenance strategies among healthcare organizations is expected to offer growth opportunities for service providers in the coming years.
By device type, the diagnostic imaging equipment segment accounted for the largest share of the medical equipment maintenance market.
Based on device type, the market is segmented into diagnostic imaging equipment, patient monitoring and life support devices, endoscopic devices, surgical equipment, ophthalmology equipment, medical lasers, electrosurgical equipment, radiotherapy devices, dental equipment, laboratory equipment, and durable medical equipment. Among these, the diagnostic imaging equipment segment accounted for the largest share of the market in 2020. The large share of this segment is attributed to the increasing application of diagnostic imaging technology in the dental industry and for minimally invasive surgery.
By end user, the hospital segment accounted for the largest share of the medical equipment maintenance market.
Based on end users, the market has been segmented into hospitals, diagnostic imaging centers, dialysis centers, ambulatory surgical centers, dental clinics and specialty clinics, and other end users. Among these, the hospitals segment accounted for the largest share of the market in 2020. The rising patient influx is encouraging hospitals to form alliances and partnerships with medical device maintenance service vendors for the establishment of state-of-the-art in-house maintenance facilities or outsourcing maintenance services.
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North America is expected to command the largest share of the medical equipment maintenance market.
The report examines the market in five major regions: Europe, North America, Asia Pacific, Latin America, the Middle East, and Africa. North America commanded the largest share of the medical equipment maintenance industry in 2020. The market's growth is mainly attributed to the strong base of healthcare facilities, especially hospitals and diagnostic imaging centers, and the growing installation base for advanced medical technologies in healthcare facilities. In 2020, the US held the largest share of the market. The market's growth is mainly attributed to the strong base of independent service providers and in-house maintenance and the growing installation base for medical devices in healthcare facilities.
The major players in the medical equipment maintenance market are GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), and FUJIFILM Holdings Corporation (Japan), Canon, Inc. (Toshiba Medical System Corporation, Japan), Agfa-Gevaert Group (Belgium), Carestream Health, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), Hitachi Medical Corporation (Japan), Althea Group (Italy), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), KARL STORZ GmbH & Co. KG (Germany), and Aramark Services, Inc. (US) among others.
Medical Equipment Maintenance Market Report Scope
|
Report Metric |
Details |
|
Market Revenue in 2021 |
$45.2 billion |
|
Estimated Value by 2026 |
$74.2 billion |
|
Growth Rate |
Poised to grow at a CAGR of 10.4% |
|
Market Segmentation |
Product, Provider, Service and Region & Global Level |
|
Market Driver |
rising focus on preventive medical equipment maintenance |
|
Market Opportunity |
Emergence of ISOs |
|
Geographies covered |
North America, Europe, APAC, MEA, and Latin America |
This report categorizes the medical equipment maintenance market to forecast revenue and analyze trends in each of the following submarkets
By Device Type
-
Diagnostic Imaging Equipment
- CT Scanners
- MRI Systems
- Ultrasound Systems
- X-Ray Systems
- Mammography Systems
- Angiography Systems
- Fluoroscopy Systems
- Nuclear Imaging Equipment (PET/SPECT)
- Electrosurgical Equipment
- Endoscopic Devices
- Surgical Equipment
- Medical Lasers
- Opthalmology Equipment
-
Patient Monitoring & Life Support Devices
- Ventilators
- Anesthesia Monitoring Equipment
- Infusion Pumps
- Dialysis Equipment
- Other Life Supported Devices & Patient Monitoring Devices
-
Dental Equipment
- Dental Radiology Equipment
- Dental Laser Devices
- Other Dental Equipment
- Laboratory Equipment
- Durable Medical Equipment
- Radiotherapy Devices
By Service Type
- Preventive Maintenance
- Corrective Maintenance
- Operational Maintenance
By Technology
- Multi-Vendor OEMs
- Single-Vendor OEMs
- Independent Service Organization
- In-House Maintenance
By End User
- Hospital
- Diagnostic Imaging Centers
- Dialysis Centers
- Ambulatory Surgical Centers
- Dental Clinics & Specialty Clinics
- Other End Users
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe (RoE)
-
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- RoAPAC
-
Latin America
- Brazil
- Mexico
- RoLA
- Middle East & Africa
Recent Developments
- Roche Acquires mySugr: In January 2022, Swiss pharmaceutical giant Roche announced it had acquired mySugr, a leading diabetes management app, for an undisclosed amount. mySugr provides a platform for people with diabetes to track their blood sugar levels, food intake, and medication.
- Abbott Acquires Medical Design Innovations: In February 2022, Abbott acquired Medical Design Innovations (MDI), a medical device technology and manufacturing company. MDI’s technologies are used in a variety of medical devices, including cardiac ablation systems, laparoscopy systems, and electrophysiology systems. The acquisition will help Abbott expand its portfolio of medical device technologies.
- Johnson & Johnson Acquires Auris Health: In March 2022, Johnson & Johnson announced it had acquired Auris Health, a medical device company focused on developing technologies for detecting and treating lung cancer. The acquisition will help Johnson & Johnson expand its portfolio of medical device technologies and will give it access to Auris Health’s robotic bronchoscopy platform.
- Merck & Co. Acquires AI Medical: In July 2022, Merck & Co. announced it had acquired AI Medical, a medical technology company that specializes in developing artificial intelligence-based tools for the diagnosis and treatment of a variety of diseases. The acquisition will help Merck & Co. expand its portfolio of medical technology solutions.
- Siemens Healthineers Acquires Varian Medical Systems: In August 2022, Siemens Healthineers announced it had acquired Varian Medical Systems, a leading radiation therapy and oncology solutions provider. The acquisition will help Siemens Healthineers expand its portfolio of oncology solutions and will give it access to Varian’s portfolio of oncology products.
Frequently Asked Questions (FAQs):
What is the projected market value of the global medical equipment maintenance market?
The global market of medical equipment maintenance is projected to reach USD 74.2 billion.
What is the estimated growth rate (CAGR) of the global medical equipment maintenance market for the next five years?
The global medical equipment maintenance market is projected to grow at a Compound Annual Growth Rate (CAGR) of 10.4% from 2021 to 2026.
What are the major revenue pockets in the medical equipment maintenance market currently?
North America commanded the largest share of the medical equipment maintenance industry in 2020. The market's growth is mainly attributed to the strong base of healthcare facilities, especially hospitals and diagnostic imaging centers, and the growing installation base for advanced medical technologies in healthcare facilities. In 2020, the US commanded the largest share of the market. The market's growth is mainly attributed to the strong base of independent service providers and in-house maintenance and the growing installation base for medical devices in healthcare facilities.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
TABLE 1 INCLUSIONS AND EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY USED FOR THE STUDY
1.5 MAJOR MARKET STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 1 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
FIGURE 2 BREAKDOWN OF PRIMARIES: GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET
FIGURE 3 PRIMARY SOURCES: GLOBAL MARKET
2.1.3 PRIMARY DATA SOURCES
2.2 MARKET ESTIMATION METHODOLOGY
2.2.1 REVENUE MAPPING-BASED MARKET ESTIMATION
FIGURE 4 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS (2020)
FIGURE 5 MARKET SIZE ESTIMATION: COMPANY-WISE REVENUE SHARE ANALYSIS (2020)
FIGURE 6 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.2 END USER-BASED MARKET ESTIMATION
FIGURE 7 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS (2020)
2.2.3 GROWTH FORECAST
FIGURE 8 IMPACT OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES ON MARKET GROWTH & CAGR
2.2.4 PRIMARY RESEARCH VALIDATION
2.2.5 INSIGHTS FROM PRIMARY EXPERTS
FIGURE 9 MARKET VALIDATION FROM PRIMARY EXPERTS
2.3 DATA TRIANGULATION
FIGURE 10 DATA TRIANGULATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
2.5 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 44)
FIGURE 11 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2021 VS. 2026 (USD MILLION)
FIGURE 12 MARKET, BY SERVICE TYPE, 2021 VS. 2026 (USD MILLION)
FIGURE 13 MARKET, BY SERVICE PROVIDER, 2021 VS. 2026 (USD MILLION)
FIGURE 14 MARKET, BY END USER, 2021 VS. 2026 (USD MILLION)
4 PREMIUM INSIGHTS (Page No. - 48)
4.1 MARKET OVERVIEW
FIGURE 15 GROWING TREND OF PREVENTIVE MAINTENANCE IS EXPECTED TO DRIVE MARKET GROWTH IN THE NEXT FIVE YEARS
4.2 EUROPEAN DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET SHARE, BY SERVICE TYPE AND COUNTRY
FIGURE 16 PREVENTIVE MAINTENANCE TO FORM THE LARGEST SERVICE TYPE SEGMENT IN THIS MARKET
4.3 GLOBAL MARKET SHARE, BY END USER
FIGURE 17 HOSPITALS FORM THE LARGEST END-USER SEGMENT IN THIS MARKET
4.4 KEY COUNTRIES IN THE GLOBAL MARKET
FIGURE 18 MARKET IN CHINA TO REGISTER THE HIGHEST CAGR DURING THE FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 51)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 GLOBAL MEDICAL EQUIPMENT MAINTENANCE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Growth in the associated equipment markets
FIGURE 20 EU: DISTRIBUTION OF POPULATION, BY AGE (2010 VS. 2020 VS. 2030)
FIGURE 21 GLOBAL PERCENTAGE OF GERIATRIC POPULATION, BY COUNTRY, 2010 VS. 2019
FIGURE 22 GLOBAL GERIATRIC POPULATION, BY COUNTRY (MILLION)
FIGURE 23 DISEASE TRENDS IN EU-28 (AS OF 2016)
FIGURE 24 GERMANY REPORTED THE HIGHEST NUMBER OF ROAD ACCIDENTS IN EUROPE (2016)
TABLE 2 COUNTRY-WISE CANCER INCIDENCE PER MILLION POPULATION, 2015–2019
TABLE 3 GLOBAL DIABETIC POPULATION AND DIABETES-RELATED HEALTHCARE EXPENDITURE
FIGURE 25 EUROPE: CT, MRI, AND PET EXAMS PER 1,000 POPULATION, BY COUNTRY (2018)
FIGURE 26 EUROPE: MINIMALLY INVASIVE PROCEDURES PER 100,000 INHABITANTS, BY COUNTRY (2018)
5.2.1.2 Rising focus on preventive medical equipment maintenance
5.2.1.3 Adoption of innovative funding mechanisms
TABLE 4 BENEFICIARIES OF NHS WALES INVESTMENT IN NEW DIAGNOSTIC IMAGING EQUIPMENT
5.2.1.4 Increasing purchase of refurbished medical systems
TABLE 5 REGULATIONS ON THE IMPORT AND USE OF REFURBISHED MEDICAL EQUIPMENT
5.2.2 RESTRAINTS
5.2.2.1 High initial cost and significant maintenance expenditure
5.2.2.2 Fiscal unsustainability due to wasteful spending
TABLE 6 EUROPE: WASTEFUL SPENDING, BY COUNTRY
5.2.3 OPPORTUNITIES
5.2.3.1 Innovation in service offerings and use of IoT
5.2.3.2 Emergence of ISOs
5.2.3.3 Emerging markets across Central and Eastern Europe and APAC
5.2.4 CHALLENGES
5.2.4.1 Survival of players in a highly fragmented and competitive market
5.2.4.2 Compliance issues with new MDR regulations and the Golden Rule
5.2.4.3 Dearth of skilled technicians and biomedical engineers
5.2.5 TRENDS
5.2.5.1 Preference for multi-vendor contracts
5.2.5.2 Consolidation of dialysis centers and hospitals
TABLE 7 PROMINENT ACQUISITIONS IN THE DIALYSIS SERVICES INDUSTRY (2015–2017)
5.2.5.3 Managed equipment service providers and group purchasing
FIGURE 27 DEVIATION FROM THE GOLDEN RULE, BY COUNTRY (2018)
5.2.5.4 Equipment maintenance insurance tools for imaging centers
5.3 ECOSYSTEM COVERAGE: GLOBAL MARKET
5.4 VALUE CHAIN ANALYSIS
FIGURE 28 VALUE CHAIN: MEDICAL DEVICES
FIGURE 29 VALUE CHAIN: GLOBAL MEDICAL EQUIPMENT MAINTENANCE SERVICES WORKFLOW
5.5 SUPPLY CHAIN ANALYSIS
TABLE 8 SUPPLY CHAIN ECOSYSTEM
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 9 GLOBAL MARKET: PORTER’S FIVE FORCES ANALYSIS
5.6.1 THREAT OF NEW ENTRANTS
5.6.2 THREAT OF SUBSTITUTES
5.6.3 BARGAINING POWER OF SUPPLIERS
5.6.4 BARGAINING POWER OF BUYERS
5.6.5 COMPETITIVE RIVALRY AMONG EXISTING PLAYERS
5.7 IMPACT OF COVID-19 ON THE GLOBAL MARKET
TABLE 10 SURGICAL CASE TYPES BASED ON INDICATION AND URGENCY
5.8 REGULATORY ANALYSIS
5.8.1 NORTH AMERICA
5.8.1.1 US
5.8.2 EUROPE
5.8.2.1 Classification of non-invasive devices
5.8.2.2 Classification of invasive devices
5.8.2.3 Classification of active devices
5.8.2.4 Classification of nanomaterials
5.8.2.5 Special rules
6 REGULATORY STANDARDS (Page No. - 84)
6.1 INTRODUCTION
6.1.1 ISO STANDARDS
6.1.1.1 ISO 9001:2015
6.1.1.2 ISO 13485:2016
7 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE (Page No. - 85)
7.1 INTRODUCTION
TABLE 11 MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
7.2 DIAGNOSTIC IMAGING EQUIPMENT
TABLE 12 LEADING VENDORS OFFERING MAINTENANCE SERVICES FOR IMAGING EQUIPMENT
TABLE 13 DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 14 DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 15 DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 16 DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY END USER, 2019–2026 (USD MILLION)
TABLE 17 DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.2.1 MRI SYSTEMS
7.2.1.1 Increasing demand for MRI procedures to fuel the demand for maintenance services
FIGURE 30 EUROPE: MRI EXAMS PER 1,000 POPULATION, BY COUNTRY (2018)
TABLE 18 MRI SYSTEMS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.2.2 CT SCANNERS
7.2.2.1 CT scanners need specialized engineers and technicians trained to execute the servicing of equipment
TABLE 19 CT SCANNERS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.2.3 X-RAY SYSTEMS
7.2.3.1 Demand for OEM-based X-ray maintenance services is expected to increase among end users
TABLE 20 X-RAY SYSTEMS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.2.4 ULTRASOUND SYSTEMS
7.2.4.1 Demand for preventive maintenance for ultrasound devices is high among end users
TABLE 21 ULTRASOUND SYSTEMS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.2.5 ANGIOGRAPHY SYSTEMS
7.2.5.1 Growing obsolescence of angiography equipment to drive the demand for maintenance services
TABLE 22 ANGIOGRAPHY SYSTEMS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.2.6 MAMMOGRAPHY SYSTEMS
7.2.6.1 Preference for mammography over general breast ultrasound to drive the growth of this market segment
TABLE 23 MAMMOGRAPHY SYSTEMS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.2.7 NUCLEAR IMAGING SYSTEMS (PET/SPECT)
7.2.7.1 Hybrid systems hold greater prospects of dominating the nuclear imaging systems maintenance services market in the near future
TABLE 24 NUCLEAR IMAGING SYSTEMS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.2.8 FLUOROSCOPY SYSTEMS
7.2.8.1 Increasing adoption of refurbished fluoroscopy equipment to support the demand for maintenance services
TABLE 25 FLUOROSCOPY SYSTEMS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3 PATIENT MONITORING & LIFE SUPPORT DEVICES 7.3.1.1 The COVID-19 pandemic has driven the demand for ventilators and the related maintenance services
FIGURE 31 COVID-19 IMPACT ON THE VENTILATORS INDUSTRY
TABLE 32 VENTILATORS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.2 ANESTHESIA MONITORING EQUIPMENT
7.3.2.1 Stringent regulatory guidelines are in place for the maintenance of anesthesia monitoring equipment
TABLE 33 ANESTHESIA MONITORING EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.3 DIALYSIS EQUIPMENT
7.3.3.1 Growing number of renal care centers to drive the demand for corresponding maintenance services
FIGURE 32 NUMBER OF DIALYSIS CENTERS, BY COUNTRY/REGION (2019)
TABLE 34 DIALYSIS EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.4 INFUSION PUMPS
7.3.4.1 Growing adoption of specialty infusion pumps and rental infusion pumps to drive the growth of this market segment
TABLE 35 INFUSION PUMPS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION) 7.3.1.1 The COVID-19 pandemic has driven the demand for ventilators and the related maintenance services
FIGURE 31 COVID-19 IMPACT ON THE VENTILATORS INDUSTRY
TABLE 32 VENTILATORS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.2 ANESTHESIA MONITORING EQUIPMENT
7.3.2.1 Stringent regulatory guidelines are in place for the maintenance of anesthesia monitoring equipment
TABLE 33 ANESTHESIA MONITORING EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.3 DIALYSIS EQUIPMENT
7.3.3.1 Growing number of renal care centers to drive the demand for corresponding maintenance services
FIGURE 32 NUMBER OF DIALYSIS CENTERS, BY COUNTRY/REGION (2019)
TABLE 34 DIALYSIS EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.4 INFUSION PUMPS
7.3.4.1 Growing adoption of specialty infusion pumps and rental infusion pumps to drive the growth of this market segment
TABLE 35 INFUSION PUMPS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
TABLE 26 LEADING VENDORS OFFERING MAINTENANCE SERVICES FOR ELECTROMEDICAL EQUIPMENT
TABLE 27 PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 28 PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 29 PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 30 PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY END USER, 2019–2026 (USD MILLION)
TABLE 31 PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.1 VENTILATORS
7.3.1.1 The COVID-19 pandemic has driven the demand for ventilators and the related maintenance services
FIGURE 31 COVID-19 IMPACT ON THE VENTILATORS INDUSTRY
TABLE 32 VENTILATORS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.2 ANESTHESIA MONITORING EQUIPMENT
7.3.2.1 Stringent regulatory guidelines are in place for the maintenance of anesthesia monitoring equipment
TABLE 33 ANESTHESIA MONITORING EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.3 DIALYSIS EQUIPMENT
7.3.3.1 Growing number of renal care centers to drive the demand for corresponding maintenance services
FIGURE 32 NUMBER OF DIALYSIS CENTERS, BY COUNTRY/REGION (2019)
TABLE 34 DIALYSIS EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.3.4 INFUSION PUMPS
7.3.4.1 Growing adoption of specialty infusion pumps and rental infusion pumps to drive the growth of this market segment
TABLE 35 INFUSION PUMPS MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.9 RADIOTHERAPY DEVICES
7.9.1 STRINGENT REGULATORY GUIDELINES TO SUPPORT THE DEMAND FOR PREVENTIVE MAINTENANCE
TABLE 60 RADIOTHERAPY DEVICES MAINTENANCE MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 61 RADIOTHERAPY DEVICES MAINTENANCE MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 62 RADIOTHERAPY DEVICES MAINTENANCE MARKET, BY END USER, 2019–2026 (USD MILLION)
TABLE 63 RADIOTHERAPY DEVICES MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.10 DENTAL EQUIPMENT
TABLE 64 DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 65 DENTAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 66 DENTAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 67 DENTAL EQUIPMENT MAINTENANCE MARKET, BY END USER, 2019–2026 (USD MILLION)
TABLE 68 DENTAL EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.10.1 DENTAL RADIOLOGY EQUIPMENT
7.10.1.1 Technological complexity of dental radiology equipment to drive the demand for maintenance services
TABLE 69 DENTAL RADIOLOGY EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.10.2 DENTAL LASER DEVICES
7.10.2.1 Sophisticated maintenance workflow offered by service providers to drive the demand for services
TABLE 70 DENTAL LASER DEVICES MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.10.3 OTHER DENTAL EQUIPMENT
TABLE 71 OTHER DENTAL EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.11 LABORATORY EQUIPMENT
7.11.1 INCREASED LABORATORY AUTOMATION TO DRIVE THE DEMAND FOR LABORATORY EQUIPMENT MAINTENANCE SERVICES
TABLE 72 LABORATORY EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 73 LABORATORY EQUIPMENT MAINTENANCE MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 74 LABORATORY EQUIPMENT MAINTENANCE MARKET, BY END USER, 2019–2026 (USD MILLION)
TABLE 75 LABORATORY EQUIPMENT MAINTENANCE MARKET, BY REGION, 2019–2026 (USD MILLION)
7.12 DURABLE MEDICAL EQUIPMENT
7.12.1 GROWING AWARENESS ABOUT IN-HOUSE MAINTENANCE SERVICES TO IMPACT THE GROWTH OF THIS MARKET SEGMENT
TABLE 76 MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 77 MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 78 MARKET, BY END USER, 2019–2026 (USD MILLION)
TABLE 79 MARKET, BY REGION, 2019–2026 (USD MILLION)
8 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE TYPE (Page No. - 134)
8.1 INTRODUCTION
TABLE 80 MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
8.2 PREVENTIVE MAINTENANCE
8.2.1 BENEFITS OF PREVENTIVE MAINTENANCE TO SUPPORT THE GROWTH OF THIS SEGMENT
TABLE 81 MARKET, BY REGION, 2019–2026 (USD MILLION)
8.3 CORRECTIVE MAINTENANCE
8.3.1 ONLINE AVAILABILITY OF MULTI-VENDOR MEDICAL DEVICE SPARE PARTS TO STREAMLINE THE WORKFLOW FOR CORRECTIVE MAINTENANCE
TABLE 82 MARKET, BY REGION, 2019–2026 (USD MILLION)
8.4 OPERATIONAL MAINTENANCE
8.4.1 GROWING AWARENESS OF OPERATIONAL MAINTENANCE AMONG END USERS TO DRIVE THE GROWTH OF THIS MARKET SEGMENT
TABLE 83 OPERATIONAL MARKET, BY REGION, 2019–2026 (USD MILLION)
9 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER (Page No. - 139)
9.1 INTRODUCTION
TABLE 84 COST OF CONTRACTS FROM DIFFERENT TYPES OF SERVICE PROVIDERS
TABLE 85 MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
9.2 MULTI-VENDOR OEMS
9.2.1 AVAILABILITY OF 24/7 REMOTE SERVICES DRIVING THE PREFERENCE FOR MULTI-VENDOR OEMS
TABLE 86 MARKET FOR MULTI-VENDOR OEMS, BY REGION, 2019–2026 (USD MILLION)
9.3 SINGLE-VENDOR OEMS
9.3.1 COMPLEXITY IN MANAGING CONTRACTS TO HINDER THE GROWTH OF THIS MARKET SEGMENT
TABLE 87 GLOBAL MARKET FOR SINGLE-VENDOR OEMS, BY REGION, 2019–2026 (USD MILLION)
9.4 INDEPENDENT SERVICE ORGANIZATIONS
9.4.1 LOWER COST OF CONTRACTS IS LIKELY TO SUPPORT THE GROWTH OF THIS MARKET SEGMENT
TABLE 88 GLOBAL MARKET FOR ISOS, BY REGION, 2019–2026 (USD MILLION)
9.5 IN-HOUSE MAINTENANCE
9.5.1 QUICK RESPONSE TIME FOR BREAKDOWNS IS LIKELY TO SUPPORT THE GROWTH OF THIS MARKET SEGMENT
TABLE 89 GLOBAL MARKET FOR IN-HOUSE MAINTENANCE, BY COUNTRY, 2019–2026 (USD MILLION)
10 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END USER (Page No. - 146)
10.1 INTRODUCTION
TABLE 90 MARKET, BY END USER, 2019–2026 (USD MILLION)
10.2 HOSPITALS
10.2.1 INCREASING NUMBER OF SURGERIES TO SUPPORT THE GROWTH OF THIS END-USER SEGMENT
TABLE 91 MARKET FOR HOSPITALS, BY REGION, 2019–2026 (USD MILLION)
10.3 AMBULATORY SURGICAL CENTERS
10.3.1 PATIENTS ARE INCREASINGLY OPTING FOR AMBULATORY SURGICAL CENTERS AS A MORE CONVENIENT ALTERNATIVE TO HOSPITAL-BASED OUTPATIENT PROCEDURES
TABLE 92 MARKET FOR AMBULATORY SURGICAL CENTERS, BY REGION, 2019–2026 (USD MILLION)
10.4 DENTAL CLINICS & SPECIALTY CLINICS
10.4.1 PREFERENCE FOR SPECIALTY CLINICS IS GROWING OWING TO THEIR GREATER VERSATILITY
TABLE 93 MARKET FOR DENTAL CLINICS & SPECIALTY CLINICS, BY REGION, 2019–2026 (USD MILLION)
10.5 DIAGNOSTIC IMAGING CENTERS
10.5.1 INCREASING NUMBER OF PRIVATE IMAGING CENTERS IS CONTRIBUTING TO MARKET GROWTH
TABLE 94 MARKET FOR DIAGNOSTIC IMAGING CENTERS, BY REGION, 2019–2026 (USD MILLION)
10.6 DIALYSIS CENTERS
10.6.1 INCREASING NUMBER OF DIALYSIS CENTERS TO INCREASE THE DEMAND FOR MAINTENANCE SERVICES
TABLE 95 MARKET FOR DIALYSIS CENTERS, BY REGION, 2019–2026 (USD MILLION)
10.7 OTHER END USERS
TABLE 96 MARKET FOR OTHER END USERS, BY REGION, 2019–2026 (USD MILLION)
11 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY REGION (Page No. - 154)
11.1 INTRODUCTION
TABLE 97 MARKET, BY REGION, 2019–2026 (USD MILLION)
11.2 NORTH AMERICA
FIGURE 35 NORTH AMERICA: MEDICAL EQUIPMENT MAINTENANCE MARKET SNAPSHOT
TABLE 98 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 99 NORTH AMERICA: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 100 NORTH AMERICA: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 101 NORTH AMERICA: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 102 NORTH AMERICA: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 103 NORTH AMERICA: MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 104 NORTH AMERICA: MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 105 NORTH AMERICA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.2.1 US
11.2.1.1 The US is the largest market for medical equipment maintenance services
TABLE 106 US: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 107 US: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 108 US: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 109 US: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.2.2 CANADA
11.2.2.1 Increasing adoption of refurbished medical equipment to drive the demand for maintenance services
TABLE 110 CANADA: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 111 CANADA: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 112 CANADA: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 113 CANADA: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.3 EUROPE
TABLE 114 EUROPE: MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 115 EUROPE: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 116 EUROPE: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 117 EUROPE: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 118 EUROPE: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 119 EUROPE: MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 120 EUROPE: MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 121 EUROPE: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.3.1 GERMANY
11.3.1.1 Germany is the largest market for medical equipment maintenance in Europe
TABLE 122 GERMANY: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 123 GERMANY: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 124 GERMANY: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 125 GERMANY: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.3.2 UK
11.3.2.1 UK is the second-largest market for medical equipment maintenance in Europe
TABLE 126 CONTRACTS BETWEEN THE NHS AND EQUIPMENT MAINTENANCE SERVICE PROVIDERS (2014–2017)
TABLE 127 UK: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 128 UK: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 129 UK: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 130 UK: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.3.3 FRANCE
11.3.3.1 Influx of multinational companies to drive the demand for maintenance services
TABLE 131 FRANCE: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 132 FRANCE: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 133 FRANCE: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 134 FRANCE: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.3.4 ITALY
11.3.4.1 The demand for effective equipment maintenance services is increasing in Italy
TABLE 135 ITALY: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 136 ITALY: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 137 ITALY: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 138 ITALY: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.3.5 SPAIN
11.3.5.1 Growing investments in new technologies to fuel the demand for equipment maintenance
TABLE 139 SPAIN: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 140 SPAIN: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 141 SPAIN: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 142 SPAIN: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.3.6 REST OF EUROPE
TABLE 143 REST OF EUROPE: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 144 REST OF EUROPE: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 145 REST OF EUROPE: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 146 REST OF EUROPE: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.4 ASIA PACIFIC
FIGURE 36 ASIA PACIFIC: MEDICAL EQUIPMENT MAINTENANCE MARKET SNAPSHOT
TABLE 147 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 148 ASIA PACIFIC: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 149 ASIA PACIFIC: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 150 ASIA PACIFIC: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 151 ASIA PACIFIC: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 152 ASIA PACIFIC: MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 153 ASIA PACIFIC: MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 154 ASIA PACIFIC: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.4.1 JAPAN
11.4.1.1 Rising healthcare costs to drive the demand for medical equipment maintenance services
TABLE 155 JAPAN: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 156 JAPAN: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 157 JAPAN: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 158 JAPAN: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.4.2 CHINA
11.4.2.1 Growing demand for advanced medical devices to drive the demand for medical equipment maintenance services
TABLE 159 CHINA: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 160 CHINA: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 161 CHINA: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 162 CHINA: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.4.3 INDIA
11.4.3.1 Growing FDI influx to drive the demand for medical equipment maintenance services
TABLE 163 INDIA: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 164 INDIA: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 165 INDIA: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 166 INDIA: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.4.4 AUSTRALIA
11.4.4.1 Favorable healthcare system to create lower demand for refurbished medical equipment
TABLE 167 AUSTRALIA: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 168 AUSTRALIA: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 169 AUSTRALIA: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 170 AUSTRALIA: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.4.5 SOUTH KOREA
11.4.5.1 Large number of private hospitals to drive the demand for medical equipment maintenance services in South Korea
TABLE 171 SOUTH KOREA: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 172 SOUTH KOREA: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 173 SOUTH KOREA: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 174 SOUTH KOREA: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.4.6 REST OF ASIA PACIFIC
TABLE 175 REST OF ASIA PACIFIC: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 176 REST OF ASIA PACIFIC: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 177 REST OF ASIA PACIFIC: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 178 REST OF ASIA PACIFIC: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.5 LATIN AMERICA
TABLE 179 LATIN AMERICA: MARKET, BY COUNTRY, 2019–2026 (USD MILLION)
TABLE 180 LATIN AMERICA: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 181 LATIN AMERICA: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 182 LATIN AMERICA: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 183 LATIN AMERICA: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 184 LATIN AMERICA: MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 185 LATIN AMERICA: MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 186 LATIN AMERICA: MARKET, BY END USER, 2019–2026 (USD MILLION)
11.5.1 BRAZIL
11.5.1.1 Rising awareness about advanced diagnostic and treatment procedures to support market growth in Brazil
TABLE 187 BRAZIL: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 188 BRAZIL: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 189 BRAZIL: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 190 BRAZIL: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.5.2 MEXICO
11.5.2.1 Favorable investment scenario for medical device manufacturers to drive market growth in Mexico
TABLE 191 MEXICO: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 192 MEXICO: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 193 MEXICO: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 194 MEXICO: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.5.3 REST OF LATIN AMERICA
TABLE 195 ROLATAM: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 196 ROLATAM: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 197 ROLATAM: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 198 ROLATAM: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
11.6 MIDDLE EAST AND AFRICA
11.6.1 LOW DISPOSABLE INCOME AND THE NEED FOR INFRASTRUCTURAL DEVELOPMENT TO CONTRIBUTE TO MARKET GROWTH
TABLE 199 MIDDLE EAST AND AFRICA: MARKET, BY DEVICE TYPE, 2019–2026 (USD MILLION)
TABLE 200 MIDDLE EAST AND AFRICA: DIAGNOSTIC IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 201 MIDDLE EAST AND AFRICA: PATIENT MONITORING & LIFE SUPPORT DEVICES MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 202 MIDDLE EAST AND AFRICA: DENTAL EQUIPMENT MAINTENANCE MARKET, BY TYPE, 2019–2026 (USD MILLION)
TABLE 203 MIDDLE EAST AND AFRICA: MARKET, BY SERVICE PROVIDER, 2019–2026 (USD MILLION)
TABLE 204 MIDDLE EAST AND AFRICA: MARKET, BY SERVICE TYPE, 2019–2026 (USD MILLION)
TABLE 205 MIDDLE EAST AND AFRICA: MARKET, BY END USER, 2019–2026 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 230)
12.1 OVERVIEW
FIGURE 37 KEY DEVELOPMENTS IN THE MEDICAL EQUIPMENT MAINTENANCE MARKET (JANUARY 2017 TO SEPTEMBER 2021)
12.2 REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS
FIGURE 38 REVENUE SHARE ANALYSIS OF THE TOP PLAYERS IN THE MARKET
12.3 GLOBAL MARKET SHARE ANALYSIS (2020)
TABLE 206 MARKET: DEGREE OF COMPETITION
FIGURE 39 GE HEALTHCARE HELD THE LARGEST SHARE OF THE GLOBAL MARKET IN 2020
12.3.1 MARKET SHARE ANALYSIS FOR INDEPENDENT SERVICE ORGANIZATIONS (2020)
FIGURE 40 ALTHEA GROUP HELD THE LARGEST SHARE AMONG INDEPENDENT SERVICE ORGANIZATIONS IN THE MARKET IN 2020
12.4 COMPETITIVE SCENARIO (JANUARY 2017 TO SEPTEMBER 2021)
TABLE 207 GLOBAL MARKET: DEALS, JANUARY 2017–SEPTEMBER 2021
TABLE 208 MARKET: OTHER DEVELOPMENTS, JANUARY 2017–SEPTEMBER 2021
12.5 COMPANY EVALUATION QUADRANT
12.5.1 COMPANY EVALUATION QUADRANT: GLOBAL MARKET
12.5.1.1 Stars
12.5.1.2 Emerging leaders
12.5.1.3 Pervasive players
12.5.1.4 Participants
FIGURE 41 GLOBAL MARKET: COMPANY EVALUATION QUADRANT, 2020
12.5.2 COMPANY EVALUATION QUADRANT: EMERGING COMPANIES/SMES/START-UPS (2020)
12.5.2.1 Progressive companies
12.5.2.2 Starting blocks
12.5.2.3 Responsive companies
12.5.2.4 Dynamic companies
FIGURE 42 MARKET: COMPANY EVALUATION QUADRANT FOR EMERGING COMPANIES/SMES/START-UPS, 2020
13 COMPANY PROFILES (Page No. - 240)
(Business overview, Services offered, Recent developments & MnM View)*
13.1 MAJOR PLAYERS
13.1.1 GE HEALTHCARE (GENERAL ELECTRIC COMPANY)
TABLE 209 GE HEALTHCARE: COMPANY OVERVIEW
FIGURE 43 GE HEALTHCARE: COMPANY SNAPSHOT (2020)
TABLE 210 GE HEALTHCARE: DEALS
TABLE 211 GE HEALTHCARE: OTHER DEVELOPMENTS
13.1.2 SIEMENS HEALTHINEERS (A SUBSIDIARY OF SIEMENS GROUP)
TABLE 212 SIEMENS AG: COMPANY OVERVIEW
FIGURE 44 SIEMENS HEALTHINEERS: COMPANY SNAPSHOT (2020)
TABLE 213 SIEMENS HEALTHINEERS: DEALS
TABLE 214 SIEMENS HEALTHINEERS: OTHER DEVELOPMENTS
13.1.3 KONINKLIJKE PHILIPS N.V.
TABLE 215 KONINKLIJKE PHILIPS N.V.: COMPANY OVERVIEW
FIGURE 45 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2020)
TABLE 216 KONINKLIJKE PHILIPS N.V.: DEALS
TABLE 217 KONINKLIJKE PHILIPS N.V.: OTHER DEVELOPMENTS
13.1.4 MEDTRONIC PLC
TABLE 218 MEDTRONIC PLC: COMPANY OVERVIEW
FIGURE 46 MEDTRONIC PLC: COMPANY SNAPSHOT (2020)
TABLE 219 MEDTRONIC PLC: DEALS
TABLE 220 MEDTRONIC PLC: OTHER DEVELOPMENTS
13.1.5 FUJIFILM HOLDINGS CORPORATION
TABLE 221 FUJIFILM HOLDINGS CORPORATION: COMPANY OVERVIEW
FIGURE 47 FUJIFILM HOLDINGS CORPORATION: COMPANY SNAPSHOT (2020)
TABLE 222 FUJIFILM HOLDINGS CORPORATION: DEALS
TABLE 223 FUJIFILM HOLDINGS CORPORATION: OTHER DEVELOPMENTS
13.2 OTHER PLAYERS
13.2.1 OLYMPUS CORPORATION
TABLE 224 OLYMPUS CORPORATION: COMPANY OVERVIEW
FIGURE 48 OLYMPUS CORPORATION: COMPANY SNAPSHOT
13.2.2 CANON INC.
TABLE 225 CANON INC.: COMPANY OVERVIEW
FIGURE 49 CANON INC.: COMPANY SNAPSHOT (2020)
TABLE 226 CANON INC.: DEALS
TABLE 227 CANON INC.: OTHER DEVELOPMENTS
13.2.3 DRÄGERWERK AG & CO. KGAA
TABLE 228 DRÄGERWERK AG & CO. KGAA: COMPANY OVERVIEW
FIGURE 50 DRÄGERWERK AG & CO. KGAA: COMPANY SNAPSHOT (2020)
TABLE 229 DRÄGERWERK AG & CO. KGAA: DEALS
13.2.4 HITACHI, LTD.
TABLE 230 HITACHI LTD.: COMPANY OVERVIEW
FIGURE 51 HITACHI, LTD.: COMPANY SNAPSHOT (2020)
TABLE 231 HITACHI, LTD.: DEALS
TABLE 232 HITACHI, LTD.: OTHER DEVELOPMENTS
13.2.5 B. BRAUN MELSUNGEN AG
TABLE 233 B. BRAUN MELSUNGEN AG: COMPANY OVERVIEW
FIGURE 52 B. BRAUN MELSUNGEN AG: COMPANY SNAPSHOT (2020)
13.2.6 ALTHEA GROUP
TABLE 234 ALTHEA GROUP: COMPANY OVERVIEW
TABLE 235 ALTHEA GROUP: DEALS
TABLE 236 ALTHEA GROUP: OTHER DEVELOPMENTS
13.2.7 AGFA–GEVAERT N.V.
TABLE 237 AGFA-GEVAERT: COMPANY OVERVIEW
FIGURE 53 AGFA–GEVAERT GROUP: COMPANY SNAPSHOT
TABLE 238 AGFA–GEVAERT GROUP: DEALS
13.2.8 BCAS BIO-MEDICAL SERVICES LTD.
TABLE 239 BCAS BIO-MEDICAL SERVICES LTD.: COMPANY OVERVIEW
13.2.9 AGENOR MANTENIMIENTOS
TABLE 240 AGENOR MANTENIMIENTOS: COMPANY OVERVIEW
13.2.10 GRUPO EMPRESARIAL ELECTROMÉDICO
TABLE 241 GRUPO EMPRESARIAL ELECTROMÉDICO: COMPANY OVERVIEW
13.2.11 CARESTREAM HEALTH
13.2.12 KARL STORZ GMBH & CO. KG
13.2.13 ALLIANCE MEDICAL
13.2.14 AVENSYS UK LTD.
13.2.15 ARAMARK SERVICES, INC.
*Details on Business overview, Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 293)
14.1 DEMAND-SIDE DISCUSSION GUIDE
14.2 SUPPLY-SIDE DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, fundamental market dynamics, and key player strategies.
Secondary Research
The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B), white papers, annual reports, companies house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the Medical Equipment Maintenance market. A database of the key industry leaders was also prepared using secondary research.
Primary Research
Primary research was conducted after acquiring extensive knowledge about the Medical Equipment Maintenance market scenario through secondary research. Primary interviews were conducted with market experts from both the demand-side (such as hospitals, surgical centers, orthopedic clinics, dental clinics, CROs, CMOs, academic institutions, and medical device companies among others) and supply-side respondents (such as presidents, CEOs, vice presidents, directors, general managers, service manage, biomedical engineers, heads of business units, and senior managers) across five major geographies, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East, and Africa. Approximately 30% of the primary interviews were conducted with stakeholders from the demand side, while those from the supply side accounted for the remaining 70%. Primary data for this report was collected through questionnaires, emails, and telephonic interviews.
A breakdown of the primary respondents is provided below:
To know about the assumptions considered for the study, download the pdf brochure
Market Estimation Methodology
A detailed market estimation approach was followed to estimate and validate the size of the Medical Equipment Maintenance market and other dependent submarkets.
- The key players in the market were identified through secondary research, and their market shares were determined through primary and secondary research.
- The research methodology includes the study of the annual and quarterly financial reports of the top market players as well as interviews with industry experts for key insights on the market.
- All percentage shares, splits, and breakdowns were determined by using secondary sources and verified through primary sources.
- All the possible parameters that affect the market segments 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.
The above-mentioned data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.
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Data Triangulation:
After deriving the overall Medical Equipment Maintenance market value data from the market size estimation process, the total market value data was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various qualitative and quantitative variables as well as by analyzing regional trends for both the demand- and supply-side macro indicators.
Report Objectives:
- To define, describe, and forecast the Medical Equipment Maintenance market on the basis of service type, service provider, device type, end user and countries
- To provide detailed information regarding the major factors influencing the growth potential of the market (drivers, restraints, opportunities, challenges, and trends)
- To analyze the micromarkets with respect to individual growth trends, future prospects, and contributions to the market
- To analyze key growth opportunities in the market for key stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Italy, Spain, and the RoE), Asia Pacific (Japan, China, India, and the RoAPAC), Latin America (Brazil, Mexico, and RoLATAM), and the Middle East & Africa
- To profile the key players in the market and comprehensively analyze their market shares and core competencies
- To track and analyze the competitive developments undertaken in the market, such as agreements; expansions; and mergers & acquisitions
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present global Medical Equipment Maintenance market report:
Product Analysis
- Service matrix, which gives a detailed comparison of the service portfolios of the top five companies
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Geographic Analysis
- Further breakdown of the Rest of Europe market into Belgium, Austria, the Czech Republic, Denmark, Greece, Poland, and Russia, among other
- Further breakdown of the Rest of Asia Pacific market into wan, New Zealand, Vietnam, the Philippines, Singapore, Malaysia, Thailand, and Indonesia among other
- Further breakdown of the Latin American Medical Equipment Maintenance market into Argentina, Chile, Peru, and Colombia, among other
Growth opportunities and latent adjacency in Medical Equipment Maintenance Market
Can you share the detailed information on technological advancements in the Medical Equipment Maintenance Market?
In what way COVID19 is Impacting the global growth of the Medical Equipment Maintenance Market?
Can you enlighten us about the key players operating in the global Medical Equipment Maintenance Market?