Medical Equipment Maintenance Market

Medical Equipment Maintenance Market Size, Share & Trends by Device (Imaging (MRI, CT, ultrasound, X-ray), ventilator), Provider (OEM, ISO, In-house), Service (Preventive, Corrective), User (Hospital, Diagnostic Center), Contract (Basic, Customized) - Global Forecast to 2029

Report Code: MD 4027 Jun, 2024, by marketsandmarkets.com

Medical Equipment Maintenance Market Size, Share & Trends

The size of global medical equipment maintenance market in terms of revenue was estimated to be worth $54.0 billion in 2024 and is poised to reach $88.9 billion by 2029, growing at a CAGR of 10.5% from 2024 to 2029. The comprehensive research encompasses an exhaustive examination of industry trends, meticulous pricing analysis, patent scrutiny, insights derived from conferences and webinars, identification of key stakeholders, and a nuanced understanding of market purchasing dynamics.

Healthcare facilities are progressively implementing preventive maintenance programs to proactively address potential equipment issues before they result in unexpected failures. By regularly inspecting, servicing, and calibrating medical devices, these programs aim to ensure continuous operation and minimize the risk of downtime, which is crucial for maintaining high standards of patient care and safety. Preventive maintenance not only extends the lifespan of medical equipment but also enhances its reliability and performance. This strategic approach to equipment management is becoming more prevalent as healthcare providers recognize the cost-effectiveness and operational benefits of preventing problems rather than reacting to them. Consequently, the adoption of preventive maintenance programs is significantly driving the demand for maintenance services, as facilities seek to optimize their equipment's functionality and avoid disruptions in critical healthcare services. Economic fluctuations and uncertainties can impact healthcare budgets and spending on equipment maintenance which can impede the market growth.

Medical Equipment Maintenance Market Trends

Medical Equipment Maintenance  Market

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Medical Equipment Maintenance  Market

e- Estimated; p- Projected

Medical Equipment Maintenance Industry Dynamics

Driver: Growth in medical equipment markets

The global market for various medical equipment is expanding, driven by the imperative to provide safer, more efficient, and high-quality healthcare. Significant innovations within the sector further propel this growth. Patients increasingly prefer technologically advanced medical devices due to improved financial affordability and accessible market entry points. These devices are distributed through both direct sales and indirect channels, such as e-commerce platforms and third-party providers, facilitated by an expanded delivery infrastructure and a comprehensive distribution network.

In major developed countries, public health insurance policies and government agencies cover medical reimbursements for healthcare procedures, thereby enhancing the adoption of medical devices. Additionally, heightened market competition and localized manufacturing in emerging economies have led to a continuous reduction in the average prices of medical devices by global manufacturers. This trend has made medical devices more affordable and readily available, driving significant demand growth during the forecast period..

Restraint: High initial cost and significant maintenance expenditure

Maintenance programs for medical devices enable healthcare providers to effectively track and monitor equipment conditions, ensuring optimal utilization and maximum uptime. This is particularly crucial in the current climate, which emphasizes preventive maintenance and managing costs amid austerity measures. These programs often involve the implementation of asset management solutions that leverage advanced technologies.

However, the deployment of these solutions entails substantial initial installation costs and ongoing maintenance expenses. Additionally, the installation of advanced medical equipment requires an annual service contract fee, approximately 12% of the equipment's cost. Over the equipment's lifespan, the cumulative service costs typically exceed the initial purchase price. The significant expenses associated with both the acquisition and maintenance of advanced medical equipment have deterred many end users from adopting these technologies.

Opportunity: Emergence of independent service organizations

The medical equipment maintenance and services sector was initially dominated by original equipment manufacturers (OEMs). However, OEMs typically charge more and take longer for maintenance, leading to higher costs and extended downtime. Amid ongoing austerity measures and the need for cost reduction in global healthcare systems, this has paved the way for the rise of Independent Service Organizations (ISOs) dedicated solely to providing maintenance services.

ISOs, staffed by expert teams, offer solutions where OEMs often fall short in terms of efficiency and satisfaction. These organizations service multiple brands of medical devices, providing end users with a centralized, independent management platform that ensures consistent service delivery across all asset groups while significantly reducing maintenance costs. This approach also lowers operating expenses and capital expenditures. Hospitals and patient advocacy groups report that ISOs typically charge 30-50% less than OEMs for equipment maintenance and repairs.

Additionally, competition among third-party service companies and insurance brokers has driven down response times and service costs. ISO contracts have become highly flexible, with negotiable terms for parameters such as response times and spare part costs, whether included in a fixed price or charged separately. Given these advantages over OEMs, ISOs are increasingly preferred by end users. The opportunities within the ISO market are expected to attract numerous companies to this sector in the coming years.

Challenge: Survival of small players in highly fragmented and competitive market

The global market is highly fragmented and competitive, encompassing a wide array of players, from multinational corporations to small local entities. The substantial capital required to retain skilled biomedical engineers, manage the logistics of medical devices, and navigate regulatory approvals poses significant challenges for many companies, particularly startups and small organizations, in sustaining their presence in the industry.

To gain a competitive edge, companies are increasingly focused on developing advanced and improved technologies. Some have also prioritized acquisitions and partnerships to enhance their market sustainability, expertise, and technological capabilities. This has created a highly competitive and dynamic environment, making it difficult for smaller companies to survive.

With numerous service providers offering similar services, cost becomes a critical factor for end users in vendor selection. Service providers face the challenge of delivering high-quality services at a lower cost. The rise of Independent Service Organizations (ISOs) has further pressured OEMs to reduce their service contract prices. In this competitive landscape, maintaining market viability is challenging, prompting many larger companies to pursue consolidation. However, smaller companies often lack this option, adversely impacting their long-term survival in the global market.

Medical Equipment Maintenance Market Ecosystem:

Leading players in this market include well-established and financially stable service providers of medical equipments. These companies have been operating in the market for several years and possess a diversified product portfolio, advanced technologies, and strong global presence. Prominent companies in this market include Siemens Healthineers (Germany), GE Healthcare Technologies Inc. (US), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), and FUJIFILM Holdings Corporation (Japan).

Medical Equipment Maintenance  Market Ecosystem

By device type, the diagnostic imaging equipment segment accounted for the largest share of the medical equipment maintenance industry in 2023

Segmented by device type, the medical equipment maintenance market encompasses diagnostic imaging equipment, surgical equipment, dental equipment, radiotherapy devices, patient monitoring & life support devices, endoscopic devices, laboratory equipment, ophthalmology equipment, medical lasers, electrosurgical equipment, radiotherapy devices, and durable medical equipment. Notably, in 2023, the diagnostic imaging equipment segment commanded the largest market share. The rapid evolution of technology in this sector necessitates frequent upgrades and updates to remain competitive, consequently driving demand for maintenance services. This dynamic landscape underscores the imperative of staying current with technological advancements to maintain relevance and efficacy in the market. With the emergence of newer and more advanced imaging technologies, healthcare facilities are compelled to invest in maintenance services to optimize equipment performance and lifespan. This enables them to deliver enhanced diagnostic capabilities and uphold their competitive positioning within the industry.

By service provider, the multi-vendor OEMs segment commanded for the largest share of the medical equipment maintenance industry in 2023

Segmented by service provider, the medical equipment maintenance market is delineated into multi-vendor OEMs, single-vendor OEMs, ISOS, and in-house maintenance. Notably, the multi-vendor OEMs segment holds the dominant share of the global market. These service providers deliver customized maintenance solutions meticulously designed to align with the unique requirements and financial parameters of healthcare institutions. This bespoke approach ensures that the maintenance plans cater precisely to the facilities' needs while adhering to budget constraints. Furthermore, these providers offer flexibility in both service scheduling and contract terms, allowing for adjustments and accommodations as necessitated by the evolving demands of the healthcare environment. This tailored approach enhances operational efficiency and cost-effectiveness while maintaining the reliability and longevity of critical medical equipment.

By service type, the preventive maintenance segment of the medical equipment maintenance industry is expected to witness significant growth during the forecast period

Segmented on service type, the medical equipment maintenance market is segmented into operational, corrective, and preventive maintenance. Forecasted growth is anticipated particularly within the preventive maintenance segment. This growth trajectory is attributed to the proactive benefits associated with preventive maintenance practices. By implementing preventive maintenance protocols, healthcare facilities cultivate a culture of continuous improvement. This approach encourages proactive problem-solving, facilitates knowledge sharing, and enables the refinement and optimization of maintenance strategies over time. Consequently, healthcare facilities can enhance operational efficiency, minimize downtime, and ensure the sustained reliability and performance of critical medical equipment assets.

By End User, the hospitals segment accounted for the largest share of the medical equipment maintenance industry in 2023

Segmented by end users, the medical equipment maintenance market is segmented into hospitals, diagnostics imaging centers, dialysis centers, ambulatory surgical centers, dental clinics & speciality clinics and other end users. Hospitals are actively involved in ongoing improvement endeavors geared towards maximizing operational efficiency, cutting costs, and elevating the quality of patient care. Within this framework, maintenance services serve as a crucial enabler by guaranteeing the dependability, effectiveness, and durability of medical equipment assets. These services play an integral role in sustaining the hospital's operational integrity, enabling seamless healthcare delivery, and ultimately contributing to the enhancement of patient outcomes and satisfaction.

By Contract type, the premium contract segment accounted for the largest share of the medical equipment maintenance industry in 2023

Segmented by contract type, the medical equipment maintenance market is segmented into basic contract, premium contract, customized contract, and add-on contract. The premium contract segment holds the largest share in the global market. Healthcare facilities often face budgetary limitations that shape their preferences regarding maintenance services. Premium contracts can be customized to accommodate these financial constraints by providing adaptable pricing models, flexible payment terms, and cost-effective strategies tailored to the facility's specific financial objectives and limitations. This bespoke approach ensures that maintenance services remain accessible and aligned with the facility's budgetary parameters, enabling efficient management of healthcare assets while optimizing cost-effectiveness and operational efficiency.

APAC is estimated to be the fastest-growing regional market during the forecast period of the medical equipment maintenance industry

Medical Equipment Maintenance  Market by Region

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The medical equipment maintenance market has been segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. Governments across the Asia Pacific region are implementing healthcare reforms and initiatives to improve access to quality healthcare services. This includes investments in medical equipment maintenance infrastructure to enhance the reliability and efficiency of healthcare delivery systems. The Asia Pacific region has emerged as a popular destination for medical tourism, attracting patients from around the world seeking affordable and high-quality healthcare services. This influx of medical tourists has increased the demand for well-maintained medical equipment in hospitals and medical centers. The aforementioned factors will drive the growth of the market in this region.

Key players in this market include Siemens Healthineers (Germany), GE Healthcare Technologies Inc. (US), Medtronic plc (Ireland), Koninklijke Philips N.V. (Netherlands), FUJIFILM Holdings Corporation (Japan), Olympus Corporation (Japan), Stryker Corporation (US), Canon Inc (Japan), Drägerwerk AG & Co. KGaA (Germany), Hitachi, Ltd (Japan), B. Braun SE (Germany), Elekta (Sweden), Shimadzu Corporation (Japan), Althea Group (Italy), Agfa-Gevaert N.V. (Belgium), BCAS Bio-medical Services Ltd. (UK), Agenor Mantenimientos (Spain), Grupo Empresarial Electromédico (Spain), Carestream Healthv (US), Karl Storz Gmbh & Co. Kg (Germany), STERIS Plc (US), Avensys UK Ltd. (UK), The Intermed Group (US), Crothall Healthcare (US), and Trimedx Holdings LLC (US).

Scope of the Medical Equipment Maintenance Industry

Report Metric

Details

Market Revenue in 2024

$54.0 billion

Projected Revenue by 2029

$88.9 billion

Revenue Rate

Poised to Grow at a CAGR of 10.5%

Market Driver

Growth in medical equipment markets

Market Opportunity

Emergence of independent service organizations

This report has segmented the global 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
  • Ophthalmology 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 Service Provider
  • Multi-Vendor OEMs
  • Single-Vendor OEMs
  • Independent Service Organization
  • In-House Maintenance
By End User
  • Hospitals
  • Diagnostic Imaging Centers
  • Dialysis Centers
  • Ambulatory Surgical Centers
  • Dental Clinics & Specialty Clinics
  • Other End Users
By Contract Type
  • Basic Contract
  • Premium Contract
  • Customized Contract
  • Add-On Contract
By Region
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • Rest of MEA

Recent Developments of the Medical Equipment Maintenance Industry:

  • In October 2023, GE Healthcare and reLink Medical announced a collaboration to deliver asset management solutions aimed at helping healthcare providers minimize medical device waste, increase operational efficiency, and maximize equipment utilization. This partnership will assist healthcare providers in managing their end-of-life medical equipment and offer potential benefits for optimizing their resources.
  • In May 2023, Siemens Healthineers and CommonSpirit Health acquired Block Imaging. This acquisition aims to offer more sustainable options and meet the growing demand from U.S. hospitals, health systems, and other care sites for multi-vendor imaging parts and services.
  • In April 2023, Koninklijke Philips collaborated with Amazon Web Services (AWS). This collaboration supports the development and deployment of generative AI applications. Both Philips and AWS provide migration expertise and planning services, total cost-of-ownership analysis, and cybersecurity technical expertise to enable an easy migration from on-premises to cloud-based solutions for customers.

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TABLE OF CONTENTS
 
1 INTRODUCTION 
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
 
4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 MEDICAL EQUIPMENT MAINTENANCE MARKET OVERVIEW 
    4.2 EUROPE: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY FOR DIAGNOSTIC IMAGING EQUIPMENT, BY SERVICE TYPE AND COUNTRY 
    4.3 MARKET SHARE,  BY SERVICE PROVIDER 
    4.4 MARKET SHARE,  BY END USER 
    4.5 MARKET: GEOGRAPHICAL GROWTH OPPORTUNITIES 
 
5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           5.2.1 DRIVERS
                    5.2.1.1 Growth in medical 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 Increasing purchase of refurbished medical systems
           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
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Innovation in service offerings and use of IoT
                    5.2.3.2 Emergence of independent service organizations
                    5.2.3.3 Growing medical device sector in emerging economies across Central and Eastern Europe and Asia Pacific
           5.2.4 CHALLENGES
                    5.2.4.1 Survival of small players in highly fragmented and competitive market
                    5.2.4.2 Compliance issues with New Medical Device Regulation guidelines and Golden Rule
                    5.2.4.3 Dearth of skilled technicians and biomedical engineers
    5.3 INDUSTRY TRENDS 
           5.3.1 PREFERENCE FOR MULTI-VENDOR CONTRACTS
           5.3.2 CONSOLIDATION OF DIALYSIS CENTERS AND HOSPITALS
           5.3.3 EQUIPMENT SERVICE PROVIDERS AND GROUP PURCHASING
           5.3.4 EQUIPMENT MAINTENANCE INSURANCE TOOLS FOR IMAGING CENTERS
    5.4 REGULATORY LANDSCAPE 
           5.4.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.4.2 REGULATORY SCENARIO
                    5.4.2.1 North America
                               5.4.2.1.1 US
                    5.4.2.2 Europe
           5.4.3 REGULATORY STANDARDS
                    5.4.3.1 ISO standards
                    5.4.3.2 ISO 9001:2015
                    5.4.3.3 ISO 13485:2016
    5.5 VALUE CHAIN ANALYSIS 
    5.6 SUPPLY CHAIN ANALYSIS 
    5.7 ECOSYSTEM ANALYSIS 
    5.8 PATENT ANALYSIS 
           5.8.1 PATENT PUBLICATION TRENDS FOR MARKET
           5.8.2 INSIGHTS: JURISDICTION AND TOP APPLICANT ANALYSIS
    5.9 PRICING ANALYSIS 
    5.10 TRADE DATA ANALYSIS 
           5.10.1 TRADE ANALYSIS FOR ELECTRO-DIAGNOSTIC SYSTEMS
           5.10.2 TRADE ANALYSIS FOR ULTRASOUND SYSTEMS
           5.10.3 TRADE ANALYSIS FOR MAGNETIC RESONANCE IMAGING SYSTEMS
           5.10.4 TRADE ANALYSIS FOR X-RAY SYSTEMS
    5.11 PORTER’S FIVE FORCE ANALYSIS 
           5.11.1 THREAT OF NEW ENTRANTS
           5.11.2 THREAT OF SUBSTITUTES
           5.11.3 BARGAINING POWER OF SUPPLIERS
           5.11.4 BARGAINING POWER OF BUYERS
           5.11.5 INTENSITY OF COMPETITIVE RIVALRY
    5.12 CASE STUDY ANALYSIS 
    5.13 KEY CONFERENCES & EVENTS (2024–2025) 
    5.14 KEY STAKEHOLDERS & BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS, BY END USER
           5.14.2 BUYING CRITERIA
    5.15 INVESTMENT & FUNDING SCENARIO 
 
6 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE (Page No. - 97)
    6.1 INTRODUCTION 
    6.2 DIAGNOSTIC IMAGING EQUIPMENT 
           6.2.1 MRI SYSTEMS
                    6.2.1.1 Increasing demand for MRI procedures among patients to drive segment
           6.2.2 CT SCANNERS
                    6.2.2.1 Increasing prevalence of chronic diseases and growing emphasis on maintaining state-of-the-art CT systems to drive market
           6.2.3 X-RAY SYSTEMS
                    6.2.3.1 Growing demand for OEM-based X-ray maintenance services to favor market growth
           6.2.4 ULTRASOUND SYSTEMS
                    6.2.4.1 Cost-effective and easy preventive maintenance measures to boost market
           6.2.5 ANGIOGRAPHY SYSTEMS
                    6.2.5.1 Growing obsolescence of angiography equipment to drive demand for maintenance services
           6.2.6 MAMMOGRAPHY SYSTEMS
                    6.2.6.1 Preference for mammography over general breast ultrasound to drive market
           6.2.7 NUCLEAR IMAGING SYSTEMS
                    6.2.7.1 Growing prevalence of cancer and increasing development of novel radiotracers to propel growth
           6.2.8 FLUOROSCOPY SYSTEMS
                    6.2.8.1 Increasing adoption of refurbished fluoroscopy equipment to fuel growth
    6.3 PATIENT MONITORING & LIFE SUPPORT DEVICES 
           6.3.1 VENTILATORS
                    6.3.1.1 Increased demand for ventilators due to rising chronic diseases to boost adoption
           6.3.2 ANESTHESIA MONITORING EQUIPMENT
                    6.3.2.1 Stringent regulatory guidelines for anesthesia monitoring systems to aid growth
           6.3.3 DIALYSIS EQUIPMENT
                    6.3.3.1 Growing number of renal care centers to drive segment
           6.3.4 INFUSION PUMPS
                    6.3.4.1 Growing adoption of infusion pumps on rental basis to drive segment
           6.3.5 OTHER PATIENT MONITORING & LIFE SUPPORT DEVICES
    6.4 ENDOSCOPIC DEVICES 
           6.4.1 INCREASING DEMAND FOR REUSABLE ENDOSCOPIC DEVICES AND GROWING NEED FOR AFFORDABLE SERVICES TO DRIVE MARKET
    6.5 SURGICAL EQUIPMENT 
           6.5.1 INCREASING NUMBER OF SURGERIES AND RISING GERIATRIC POPULATION TO BOOST MARKET
    6.6 OPHTHALMOLOGY EQUIPMENT 
           6.6.1 HIGH EQUIPMENT COSTS TO INCREASE FOCUS ON PREVENTIVE MAINTENANCE AMONG END USERS
    6.7 MEDICAL LASERS 
           6.7.1 HIGH RECURRING COSTS OF EQUIPMENT MAINTENANCE TO LIMIT MARKET
    6.8 ELECTROSURGICAL EQUIPMENT 
           6.8.1 HIGH COST OF PURCHASING NEW ELECTROSURGERY DEVICES TO DRIVE MARKET
    6.9 RADIOTHERAPY DEVICES 
           6.9.1 STRINGENT REGULATORY GUIDELINES TO SUPPORT DEMAND FOR PREVENTIVE MAINTENANCE
    6.10 DENTAL EQUIPMENT 
           6.10.1 DENTAL RADIOLOGY EQUIPMENT
                    6.10.1.1 Reduced technological complexity and ease of utilization to drive segment
           6.10.2 DENTAL LASER DEVICES
                    6.10.2.1 Periodic maintenance of dental laser devices to increase power output
           6.10.3 OTHER DENTAL EQUIPMENT
    6.11 LABORATORY EQUIPMENT 
           6.11.1 INCREASED GOVERNMENT INITIATIVES AND LARGE NUMBER OF CLINICAL AUTOMATION SYSTEMS TO DRIVE MARKET
    6.12 DURABLE MEDICAL EQUIPMENT 
           6.12.1 GROWING AWARENESS ABOUT IN-HOUSE MAINTENANCE SERVICES TO DRIVE MARKET
 
7 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE TYPE (Page No. - 146)
    7.1 INTRODUCTION 
    7.2 PREVENTIVE MAINTENANCE 
           7.2.1 INCREASED DEVICE LIFESPAN AND REDUCED SERVICE COSTS FOR HOSPITALS TO DRIVE MARKET GROWTH
    7.3 CORRECTIVE MAINTENANCE 
           7.3.1 HIGH AVAILABILITY OF COST-EFFECTIVE MULTI-VENDOR MEDICAL DEVICE SPARE PARTS TO BOOST MARKET
    7.4 OPERATIONAL MAINTENANCE 
           7.4.1 REDUCED EQUIPMENT DOWNTIME AND DECREASED MAINTENANCE COSTS TO DRIVE MARKET
 
8 MEDICAL EQUIPMENT MAINTENANCE MARKET,  BY SERVICE PROVIDER (Page No. - 151)
    8.1 INTRODUCTION 
    8.2 MULTI-VENDOR OEMS 
           8.2.1 AVAILABILITY OF 24/7 TECHNICAL ASSISTANCE BY MULTI-VENDOR OEMS TO DRIVE MARKET
    8.3 SINGLE-VENDOR OEMS 
           8.3.1 INCREASED COMPLEXITY IN SINGLE-VENDOR MAINTENANCE SERVICES AND CONTRACTS TO LIMIT MARKET GROWTH
    8.4 INDEPENDENT SERVICE ORGANIZATIONS 
           8.4.1 LOWER COST OF CONTRACTS AND REDUCED OPERATING EXPENSES TO BOOST MARKET
    8.5 IN-HOUSE MAINTENANCE 
           8.5.1 QUICK RESPONSE TIME FOR MEDICAL SYSTEM BREAKDOWNS TO FUEL GROWTH
 
9 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY CONTRACT TYPE (Page No. - 158)
    9.1 INTRODUCTION 
    9.2 PREMIUM CONTRACTS 
           9.2.1 BETTER RETURNS ON INVESTMENT AND REDUCED COMPLEXITY TO DRIVE MARKET GROWTH
    9.3 BASIC CONTRACTS 
           9.3.1 AFFORDABLE PRICING OF BASIC MEDICAL DEVICE MAINTENANCE CONTRACTS TO FAVOR MARKET GROWTH
    9.4 CUSTOMIZED CONTRACTS 
           9.4.1 INCREASED POPULARITY OF TAILOR-MADE MAINTENANCE SERVICES FOR MEDICAL DEVICES TO DRIVE GROWTH
    9.5 ADD-ON CONTRACTS 
           9.5.1 EASY INTRODUCTION OF NEW SERVICES FOR CLIENTS TO PROPEL GROWTH
 
10 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END USER (Page No. - 163)
     10.1 INTRODUCTION 
     10.2 HOSPITALS 
             10.2.1 INCREASING NUMBER OF SURGERIES AND DIAGNOSTIC IMAGING PROCEDURES TO DRIVE MARKET GROWTH
     10.3 AMBULATORY SURGICAL CENTERS 
             10.3.1 LESS TIME-CONSUMING TREATMENTS AND COST-EFFECTIVE DIAGNOSIS TO BOOST GROWTH
     10.4 DENTAL CLINICS & SPECIALTY CLINICS 
             10.4.1 LOWER COST REQUIREMENTS AND HIGHER PATIENT PREFERENCE FOR OUTPATIENT CARE TO FAVOR MARKET GROWTH
     10.5 DIAGNOSTIC IMAGING CENTERS 
             10.5.1 INCREASING NUMBER OF PRIVATE IMAGING CENTERS TO FUEL GROWTH
     10.6 DIALYSIS CENTERS 
             10.6.1 INCREASING NUMBER OF PRIVATE AND PUBLIC DIALYSIS CENTERS IN EMERGING ECONOMIES TO BOOST MARKET
     10.7 OTHER END USERS 
 
11 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY REGION (Page No. - 171)
     11.1 INTRODUCTION 
     11.2 NORTH AMERICA 
             11.2.1 NORTH AMERICA: RECESSION IMPACT
             11.2.2 US
                        11.2.2.1 Rising geriatric population and increasing incidence of lifestyle diseases to drive market
             11.2.3 CANADA
                        11.2.3.1 Increasing adoption of refurbished medical equipment to boost market
     11.3 EUROPE 
             11.3.1 EUROPE: RECESSION IMPACT
             11.3.2 GERMANY
                        11.3.2.1 Germany to command largest market share in European medical equipment maintenance during forecast period
             11.3.3 UK
                        11.3.3.1 Increasing public-private partnerships for healthcare facilities and growing government initiatives to drive market
             11.3.4 FRANCE
                        11.3.4.1 Rising demand for cost-effective in-house maintenance and increasing influx of multinational companies to drive market
             11.3.5 ITALY
                        11.3.5.1 High focus on value-based healthcare systems to drive market growth
             11.3.6 SPAIN
                        11.3.6.1 Growing investments in advanced technologies and budget constraints for new devices to propel market
             11.3.7 REST OF EUROPE
     11.4 ASIA PACIFIC 
             11.4.1 ASIA PACIFIC: RECESSION IMPACT
             11.4.2 JAPAN
                        11.4.2.1 Rising healthcare costs and increasing geriatric population to drive market growth
             11.4.3 CHINA
                        11.4.3.1 Growing demand for advanced and premium-priced medical equipment to favor market growth
             11.4.4 INDIA
                        11.4.4.1 Growing FDI influx in healthcare and increasing medical tourism to propel market growth
             11.4.5 AUSTRALIA
                        11.4.5.1 Favorable healthcare system and preference for new medical equipment to limit market
             11.4.6 SOUTH KOREA
                        11.4.6.1 Large number of private hospitals and increased preference for refurbished medical equipment to fuel growth
             11.4.7 REST OF ASIA PACIFIC
     11.5 LATIN AMERICA 
             11.5.1 LATIN AMERICA: RECESSION IMPACT
             11.5.2 BRAZIL
                        11.5.2.1 Rising awareness about advanced diagnostic and treatment procedures to drive market
             11.5.3 MEXICO
                        11.5.3.1 Favorable investment scenario for medical device manufacturers to propel market growth
             11.5.4 REST OF LATIN AMERICA
     11.6 MIDDLE EAST & AFRICA 
             11.6.1 MIDDLE EAST & AFRICA: RECESSION IMPACT
             11.6.2 GCC COUNTRIES
                        11.6.2.1 Higher disposable incomes to foster market growth
             11.6.3 REST OF MIDDLE EAST & AFRICA
 
12 COMPETITIVE LANDSCAPE (Page No. - 250)
     12.1 INTRODUCTION 
     12.2 KEY PLAYER STRATEGIES/RIGHT-TO-WIN 
             12.2.1 RIGHT-TO-WIN STRATEGIES ADOPTED BY MAJOR PLAYERS IN MEDICAL EQUIPMENT MAINTENANCE MARKET
     12.3 REVENUE ANALYSIS 
     12.4 MARKET SHARE ANALYSIS 
     12.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
             12.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
                        12.5.5.1 Company Footprint
                        12.5.5.2 Service footprint
                        12.5.5.3 End-user footprint
     12.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
             12.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
     12.7 COMPANY VALUATION & FINANCIAL METRICS 
             12.7.1 COMPANY VALUATION
             12.7.2 FINANACIAL  METRICS
     12.8 BRAND/SERVICE COMPARISON 
     12.9 COMPETITIVE SCENARIO 
             12.9.1 SERVICE LAUNCHES
             12.9.2 DEALS
             12.9.3 EXPANSIONS
 
13 COMPANY PROFILES (Page No. - 267)
     13.1 KEY PLAYERS 
             13.1.1 GE HEALTHCARE
                        13.1.1.1 Business overview
                        13.1.1.2 Services offered
                        13.1.1.3 Recent developments
                                     13.1.1.3.1 Deals
                                     13.1.1.3.2 Expansions
                                     13.1.1.3.3 Other developments
                        13.1.1.4 MnM view
                                     13.1.1.4.1 Key strengths
                                     13.1.1.4.2 Strategic choices
                                     13.1.1.4.3 Weaknesses & competitive threats
             13.1.2 SIEMENS HEALTHINEERS
                        13.1.2.1 Business overview
                        13.1.2.2 Services offered
                        13.1.2.3 Recent developments
                                     13.1.2.3.1 Deals
                                     13.1.2.3.2 Expansions
                        13.1.2.4 MnM view
                                     13.1.2.4.1 Key strengths
                                     13.1.2.4.2 Strategic choices
                                     13.1.2.4.3 Weaknesses & competitive threats
             13.1.3 KONINKLIJKE PHILIPS N.V.
                        13.1.3.1 Business overview
                        13.1.3.2 Services offered
                        13.1.3.3 Recent developments
                                     13.1.3.3.1 Deals
                                     13.1.3.3.2 Expansions
                        13.1.3.4 MnM view
                                     13.1.3.4.1 Key strengths
                                     13.1.3.4.2 Strategic choices
                                     13.1.3.4.3 Weaknesses & competitive threats
             13.1.4 MEDTRONIC PLC
                        13.1.4.1 Business overview
                        13.1.4.2 Services offered
                        13.1.4.3 Recent developments
                                     13.1.4.3.1 Deals
                        13.1.4.4 MnM view
                                     13.1.4.4.1 Key strengths
                                     13.1.4.4.2 Strategic choices
                                     13.1.4.4.3 Weaknesses & competitive threats
             13.1.5 FUJIFILM HOLDINGS CORPORATION
                        13.1.5.1 Business overview
                        13.1.5.2 Services offered
                        13.1.5.3 Recent developments
                                     13.1.5.3.1 Deals
                        13.1.5.4 MnM view
                                     13.1.5.4.1 Key strengths
                                     13.1.5.4.2 Strategic choices
                                     13.1.5.4.3 Weaknesses & competitive threats
             13.1.6 OLYMPUS CORPORATION
                        13.1.6.1 Business overview
                        13.1.6.2 Services offered
                        13.1.6.3 Recent developments
                                     13.1.6.3.1 Deals
                                     13.1.6.3.2 Expansions
             13.1.7 STRYKER CORPORATION
                        13.1.7.1 Business overview
                        13.1.7.2 Services offered
                        13.1.7.3 Recent developments
                                     13.1.7.3.1 Expansions
             13.1.8 CANON INC.
                        13.1.8.1 Business overview
                        13.1.8.2 Services offered
                        13.1.8.3 Recent developments
                                     13.1.8.3.1 Service launches
                                     13.1.8.3.2 Deals
                                     13.1.8.3.3 Expansions
             13.1.9 DRÄGERWERK AG & CO. KGAA
                        13.1.9.1 Business overview
                        13.1.9.2 Services offered
             13.1.10 HITACHI, LTD.
                        13.1.10.1 Business overview
                        13.1.10.2 Services offered
                        13.1.10.3 Recent developments
                                     13.1.10.3.1 Deals
             13.1.11 B. BRAUN SE
                        13.1.11.1 Business overview
                        13.1.11.2 Services offered
             13.1.12 ELEKTA
                        13.1.12.1 Business overview
                        13.1.12.2 Services offered
                        13.1.12.3 Recent developments
                                     13.1.12.3.1 Service launches
                                     13.1.12.3.2 Deals
             13.1.13 SHIMADZU CORPORATION
                        13.1.13.1 Business overview
                        13.1.13.2 Services offered
                        13.1.13.3 Recent developments
                                     13.1.13.3.1 Service launches
                                     13.1.13.3.2 Deals
     13.2 OTHER PLAYERS 
             13.2.1 ALTHEA GROUP
             13.2.2 AGFA–GEVAERT GROUP
             13.2.3 BCAS BIO-MEDICAL SERVICES LTD.
             13.2.4 AGENOR
             13.2.5 GRUPO EMPRESARIAL ELECTROMÉDICO
             13.2.6 CARESTREAM HEALTH
             13.2.7 KARL STORZ GMBH & CO. KG
             13.2.8 STERIS PLC
             13.2.9 AVENSYS UK LTD.
             13.2.10 THE INTERMED GROUP
             13.2.11 CROTHALL HEALTHCARE
             13.2.12 TRIMEDX HOLDINGS LLC
 
14 APPENDIX (Page No. - 319)
     14.1 DEMAND-SIDE DISCUSSION GUIDE 
     14.2 SUPPLY-SIDE DISCUSSION GUIDE 
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL 
     14.4 CUSTOMIZATION OPTIONS 
     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 
 
 
LIST OF TABLES (307 TABLES)
 
TABLE 1 STANDARD CURRENCY CONVERSION RATES
TABLE 2 COUNTRY-WISE CANCER INCIDENCE PER MILLION POPULATION, BY COUNTRY,  2015–2019
TABLE 3 GLOBAL DIABETIC POPULATION AND DIABETES-RELATED HEALTHCARE EXPENDITURE
TABLE 4 BENEFICIARIES OF NHS WALES INVESTMENT IN NEW DIAGNOSTIC IMAGING EQUIPMENT
TABLE 5 REGULATIONS ON IMPORT AND USE OF REFURBISHED MEDICAL EQUIPMENT
TABLE 6 PROMINENT ACQUISITIONS IN DIALYSIS SERVICES INDUSTRY
TABLE 7 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 MEDICAL EQUIPMENT MAINTENANCE MARKET: SUPPLY CHAIN ECOSYSTEM
TABLE 13 AVERAGE PRICE OF PREVENTIVE MAINTENANCE SERVICES FOR IMAGING SYSTEMS IN 2022, BY COUNTRY (USD)
TABLE 14 AVERAGE SELLING PRICE OF PREVENTIVE MAINTENANCE SERVICES FOR MEDICAL DEVICES IN 2022, BY KEY PLAYER (USD)
TABLE 15 IMPORT DATA FOR ELECTRO-DIAGNOSTIC SYSTEMS (HS CODE 901819), BY COUNTRY, 2019–2023 (USD THOUSAND)
TABLE 16 EXPORT DATA FOR ELECTRO-DIAGNOSTIC SYSTEMS (HS CODE 901819), BY COUNTRY, 2019–2023 (USD THOUSAND)
TABLE 17 IMPORT DATA FOR ULTRASOUND SYSTEMS (HS CODE 901812), BY COUNTRY,  2019–2023 (USD THOUSAND)
TABLE 18 EXPORT DATA FOR ULTRASOUND SYSTEMS (HS CODE 901812), BY COUNTRY,  2019–2023 (USD THOUSAND)
TABLE 19 IMPORT DATA FOR MAGNETIC RESONANCE IMAGING SYSTEMS (HS CODE 901813),  BY COUNTRY, 2019–2023 (USD THOUSAND)
TABLE 20 EXPORT DATA FOR MAGNETIC RESONANCE IMAGING SYSTEMS (HS CODE 901813),  BY COUNTRY, 2019–2023 (USD THOUSAND)
TABLE 21 IMPORT DATA FOR X-RAY SYSTEMS (HS CODE 902214), BY COUNTRY, 2019–2023 (USD THOUSAND)
TABLE 22 EXPORT DATA FOR X-RAY SYSTEMS (HS CODE 902214), BY COUNTRY, 2019–2023 (USD THOUSAND)
TABLE 23 PORTER’S FIVE FORCES ANALYSIS
TABLE 24 CASE STUDY: PROVIDING TRAINING AND EDUCATION AND KEEPING UP WITH EVOLVING ULTRASOUND TECHNIQUES
TABLE 25 LIST OF MAJOR CONFERENCES & EVENTS IN 2024–2025
TABLE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER (%)
TABLE 27 KEY BUYING CRITERIA, BY END USER
TABLE 28 MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 29 LEADING VENDORS OFFERING MAINTENANCE SERVICES FOR DIAGNOSTIC IMAGING EQUIPMENT
TABLE 30 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY FOR DIAGNOSTIC IMAGING EQUIPMENT,  BY TYPE, 2022–2029 (USD MILLION)
TABLE 31 MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT,  BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 32 MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT,  BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 33 MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT,  BY END USER, 2022–2029 (USD MILLION)
TABLE 34 MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT,  BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 35 MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT,  BY REGION, 2022–2029 (USD MILLION)
TABLE 36 MARKET FOR MRI SYSTEMS, BY REGION,  2022–2029 (USD MILLION)
TABLE 37 MARKET FOR CT SCANNERS, BY REGION,  2022–2029 (USD MILLION)
TABLE 38 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR X-RAY SYSTEMS, BY REGION,  2022–2029 (USD MILLION)
TABLE 39 MARKET FOR ULTRASOUND SYSTEMS, BY REGION, 2022–2029 (USD MILLION)
TABLE 40 MARKET FOR ANGIOGRAPHY SYSTEMS, BY REGION, 2022–2029 (USD MILLION)
TABLE 41 MARKET FOR MAMMOGRAPHY SYSTEMS,  BY REGION, 2022–2029 (USD MILLION)
TABLE 42 MARKET FOR NUCLEAR IMAGING SYSTEMS,  BY REGION, 2022–2029 (USD MILLION)
TABLE 43 MARKET FOR FLUOROSCOPY SYSTEMS, BY REGION, 2022–2029 (USD MILLION)
TABLE 44 LEADING VENDORS OFFERING MAINTENANCE SERVICES FOR PATIENT MONITORING & LIFE SUPPORT DEVICES
TABLE 45 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 46 MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 47 MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 48 MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY END USER, 2022–2029 (USD MILLION)
TABLE 49 MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 50 MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY REGION, 2022–2029 (USD MILLION)
TABLE 51 MARKET FOR VENTILATORS, BY REGION,  2022–2029 (USD MILLION)
TABLE 52 MARKET FOR ANESTHESIA MONITORING EQUIPMENT, BY REGION, 2022–2029 (USD MILLION)
TABLE 53 MARKET FOR DIALYSIS EQUIPMENT, BY REGION, 2022–2029 (USD MILLION)
TABLE 54 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR INFUSION PUMPS, BY REGION, 2022–2029 (USD MILLION)
TABLE 55 LEADING VENDORS OFFERING MAINTENANCE SERVICES FOR LIFE SUPPORT DEVICES
TABLE 56 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY FOR OTHER PATIENT MONITORING & LIFE SUPPORT DEVICES, BY REGION, 2022–2029 (USD MILLION)
TABLE 57 LEADING VENDORS OFFERING MAINTENANCE SERVICES FOR ENDOSCOPIC DEVICES
TABLE 58 MARKET FOR ENDOSCOPIC DEVICES, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 59 MARKET FOR ENDOSCOPIC DEVICES, BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 60 MARKET FOR ENDOSCOPIC DEVICES, BY END USER, 2022–2029 (USD MILLION)
TABLE 61 MARKET FOR ENDOSCOPIC DEVICES, BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 62 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR ENDOSCOPIC DEVICES, BY REGION, 2022–2029 (USD MILLION)
TABLE 63 LEADING VENDORS OFFERING MAINTENANCE SERVICES FOR SURGICAL EQUIPMENT
TABLE 64 MARKET FOR SURGICAL EQUIPMENT, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 65 MARKET FOR SURGICAL EQUIPMENT, BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 66 MARKET FOR SURGICAL EQUIPMENT, BY END USER, 2022–2029 (USD MILLION)
TABLE 67 MARKET FOR SURGICAL EQUIPMENT, BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 68 MARKET FOR SURGICAL EQUIPMENT, BY REGION, 2022–2029 (USD MILLION)
TABLE 69 MARKET FOR OPHTHALMOLOGY EQUIPMENT,  BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 70 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR OPHTHALMOLOGY EQUIPMENT,  BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 71 MARKET FOR OPHTHALMOLOGY EQUIPMENT,  BY END USER, 2022–2029 (USD MILLION)
TABLE 72 MARKET FOR OPHTHALMOLOGY EQUIPMENT,  BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 73 MARKET FOR OPHTHALMOLOGY EQUIPMENT,  BY REGION, 2022–2029 (USD MILLION)
TABLE 74 MARKET FOR MEDICAL LASERS,  BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 75 MARKET FOR MEDICAL LASERS, BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 76 MARKET FOR MEDICAL LASERS, BY END USER,  2022–2029 (USD MILLION)
TABLE 77 MARKET FOR MEDICAL LASERS, BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 78 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR MEDICAL LASERS, BY REGION,  2022–2029 (USD MILLION)
TABLE 79 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY FOR ELECTROSURGICAL EQUIPMENT,  BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 80 MARKET FOR ELECTROSURGICAL EQUIPMENT,  BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 81 MARKET FOR ELECTROSURGICAL EQUIPMENT,  BY END USER, 2022–2029 (USD MILLION)
TABLE 82 MARKET FOR ELECTROSURGICAL EQUIPMENT,  BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 83 MARKET FOR ELECTROSURGICAL EQUIPMENT,  BY REGION, 2022–2029 (USD MILLION)
TABLE 84 MARKET FOR RADIOTHERAPY DEVICES, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 85 MARKET FOR RADIOTHERAPY DEVICES, BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 86 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR RADIOTHERAPY DEVICES, BY END USER, 2022–2029 (USD MILLION)
TABLE 87 MARKET FOR RADIOTHERAPY DEVICES, BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 88 MARKET FOR RADIOTHERAPY DEVICES, BY REGION, 2022–2029 (USD MILLION)
TABLE 89 MARKET FOR DENTAL EQUIPMENT, BY TYPE,  2022–2029 (USD MILLION)
TABLE 90 MARKET FOR DENTAL EQUIPMENT, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 91 MARKET FOR DENTAL EQUIPMENT, BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 92 MARKET FOR DENTAL EQUIPMENT, BY END USER, 2022–2029 (USD MILLION)
TABLE 93 MARKET FOR DENTAL EQUIPMENT, BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 94 MARKET FOR DENTAL EQUIPMENT, BY REGION, 2022–2029 (USD MILLION)
TABLE 95 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR DENTAL RADIOLOGY EQUIPMENT,  BY REGION, 2022–2029 (USD MILLION)
TABLE 96 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY FOR DENTAL LASER DEVICES, BY REGION, 2022–2029 (USD MILLION)
TABLE 97 MARKET FOR OTHER DENTAL EQUIPMENT, BY REGION, 2022–2029 (USD MILLION)
TABLE 98 MARKET FOR LABORATORY EQUIPMENT, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 99 MARKET FOR LABORATORY EQUIPMENT, BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 100 MARKET FOR LABORATORY EQUIPMENT, BY END USER, 2022–2029 (USD MILLION)
TABLE 101 MARKET FOR LABORATORY EQUIPMENT, BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 102 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR LABORATORY EQUIPMENT, BY REGION, 2022–2029 (USD MILLION)
TABLE 103 MARKET FOR DURABLE MEDICAL EQUIPMENT,  BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 104 MARKET FOR DURABLE MEDICAL EQUIPMENT,  BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 105 MARKET FOR DURABLE MEDICAL EQUIPMENT,  BY END USER, 2022–2029 (USD MILLION)
TABLE 106 MARKET FOR DURABLE MEDICAL EQUIPMENT,  BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 107 MARKET FOR DURABLE MEDICAL EQUIPMENT,  BY REGION, 2022–2029 (USD MILLION)
TABLE 108 MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 109 MARKET FOR PREVENTIVE MAINTENANCE,  BY REGION, 2022–2029 (USD MILLION)
TABLE 110 MARKET FOR CORRECTIVE MAINTENANCE,  BY REGION, 2022–2029 (USD MILLION)
TABLE 111 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR OPERATIONAL MAINTENANCE,  BY REGION, 2022–2029 (USD MILLION)
TABLE 112 COST OF CONTRACTS FROM DIFFERENT TYPES OF SERVICE PROVIDERS
TABLE 113 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 114 MARKET FOR MULTI-VENDOR OEMS, BY REGION, 2022–2029 (USD MILLION)
TABLE 115 MARKET FOR SINGLE-VENDOR OEMS, BY REGION, 2022–2029 (USD MILLION)
TABLE 116 MARKET FOR INDEPENDENT SERVICE ORGANIZATIONS, BY REGION, 2022–2029 (USD MILLION)
TABLE 117 MARKET FOR IN-HOUSE MAINTENANCE, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 118 MARKET, BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 119 MARKET FOR PREMIUM CONTRACTS, BY REGION,  2022–2029 (USD MILLION)
TABLE 120 MEDICAL EQUIPMENT MAINTENANCE MARKET FOR BASIC CONTRACTS, BY REGION,  2022–2029 (USD MILLION)
TABLE 121 MARKET FOR CUSTOMIZED CONTRACTS, BY REGION, 2022–2029 (USD MILLION)
TABLE 122 MARKET FOR ADD-ON CONTRACTS, BY REGION,  2022–2029 (USD MILLION)
TABLE 123 MARKET, BY END USER, 2022–2029 (USD MILLION)
TABLE 124 MARKET FOR HOSPITALS, BY REGION,  2022–2029 (USD MILLION)
TABLE 125 MARKET FOR AMBULATORY SURGICAL CENTERS, BY REGION, 2022–2029 (USD MILLION)
TABLE 126 MARKET FOR DENTAL CLINICS & SPECIALTY CLINICS, BY REGION, 2022–2029 (USD MILLION)
TABLE 127 MARKET FOR DIAGNOSTIC IMAGING CENTERS,  BY REGION, 2022–2029 (USD MILLION)
TABLE 128 MARKET FOR DIALYSIS CENTERS, BY REGION, 2022–2029 (USD MILLION)
TABLE 129 MARKET FOR OTHER END USERS, BY REGION, 2022–2029 (USD MILLION)
TABLE 130 MARKET, BY REGION, 2022–2029 (USD MILLION)
TABLE 131 NORTH AMERICA: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY COUNTRY,  2022–2029 (USD MILLION)
TABLE 132 NORTH AMERICA: MARKET, BY DEVICE TYPE,  2022–2029 (USD MILLION)
TABLE 133 NORTH AMERICA: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 134 NORTH AMERICA: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 135 NORTH AMERICA: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 136 NORTH AMERICA: MARKET, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 137 NORTH AMERICA: MARKET, BY SERVICE TYPE,  2022–2029 (USD MILLION)
TABLE 138 NORTH AMERICA: MARKET, BY CONTRACT TYPE,  2022–2029 (USD MILLION)
TABLE 139 NORTH AMERICA: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY END USER,  2022–2029 (USD MILLION)
TABLE 140 US: MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 141 US: MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 142 US: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 143 US: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 144 CANADA: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 145 CANADA: MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 146 CANADA: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 147 CANADA: MARKET FOR DENTAL EQUIPMENT,  BY TYPE, 2022–2029 (USD MILLION)
TABLE 148 EUROPE: MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 149 EUROPE: MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 150 EUROPE: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 151 EUROPE: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 152 EUROPE: MARKET FOR DENTAL EQUIPMENT,  BY TYPE, 2022–2029 (USD MILLION)
TABLE 153 EUROPE: MARKET, BY SERVICE PROVIDER,  2022–2029 (USD MILLION)
TABLE 154 EUROPE: MARKET, BY SERVICE TYPE,  2022–2029 (USD MILLION)
TABLE 155 EUROPE: MARKET, BY CONTRACT TYPE,  2022–2029 (USD MILLION)
TABLE 156 EUROPE: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY END USER, 2022–2029 (USD MILLION)
TABLE 157 GERMANY: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE,  2022–2029 (USD MILLION)
TABLE 158 GERMANY: MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 159 GERMANY: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 160 GERMANY: MARKET FOR DENTAL EQUIPMENT,  BY TYPE, 2022–2029 (USD MILLION)
TABLE 161 UK: MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 162 UK: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 163 UK: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 164 UK: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 165 FRANCE: MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 166 FRANCE: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 167 FRANCE: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 168 FRANCE: MARKET FOR DENTAL EQUIPMENT,  BY TYPE, 2022–2029 (USD MILLION)
TABLE 169 ITALY: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 170 ITALY: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 171 ITALY: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 172 ITALY: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 173 SPAIN: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 174 SPAIN: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 175 SPAIN: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 176 SPAIN: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 177 REST OF EUROPE: MARKET, BY DEVICE TYPE,  2022–2029 (USD MILLION)
TABLE 178 REST OF EUROPE: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 179 REST OF EUROPE: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 180 REST OF EUROPE: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 181 ASIA PACIFIC: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY COUNTRY,  2022–2029 (USD MILLION)
TABLE 182 ASIA PACIFIC: MARKET, BY DEVICE TYPE,  2022–2029 (USD MILLION)
TABLE 183 ASIA PACIFIC: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 184 ASIA PACIFIC: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 185 ASIA PACIFIC: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 186 ASIA PACIFIC: MARKET, BY SERVICE PROVIDER,  2022–2029 (USD MILLION)
TABLE 187 ASIA PACIFIC: MARKET, BY SERVICE TYPE,  2022–2029 (USD MILLION)
TABLE 188 ASIA PACIFIC: MARKET, BY CONTRACT TYPE,  2022–2029 (USD MILLION)
TABLE 189 ASIA PACIFIC: MARKET, BY END USER,  2022–2029 (USD MILLION)
TABLE 190 JAPAN: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 191 JAPAN: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 192 JAPAN: MEDICAL EQUIPMENT MAINTENANCE MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 193 JAPAN: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 194 CHINA: MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 195 CHINA: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 196 CHINA: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 197 CHINA: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 198 INDIA: MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 199 INDIA: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 200 INDIA: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 201 INDIA: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 202 AUSTRALIA: MARKET, BY DEVICE TYPE,  2022–2029 (USD MILLION)
TABLE 203 AUSTRALIA: MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 204 AUSTRALIA: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 205 AUSTRALIA: MARKET FOR DENTAL EQUIPMENT,  BY TYPE, 2022–2029 (USD MILLION)
TABLE 206 SOUTH KOREA: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY DEVICE TYPE,  2022–2029 (USD MILLION)
TABLE 207 SOUTH KOREA: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 208 SOUTH KOREA: MEDICAL EQUIPMENT MAINTENANCE MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 209 SOUTH KOREA: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 210 REST OF ASIA PACIFIC: MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 211 REST OF ASIA PACIFIC: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 212 REST OF ASIA PACIFIC: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 213 REST OF ASIA PACIFIC: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 214 LATIN AMERICA: MARKET, BY COUNTRY,  2022–2029 (USD MILLION)
TABLE 215 LATIN AMERICA: MARKET, BY DEVICE TYPE,  2022–2029 (USD MILLION)
TABLE 216 LATIN AMERICA: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 217 LATIN AMERICA: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 218 LATIN AMERICA: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 219 LATIN AMERICA: MARKET, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 220 LATIN AMERICA: MARKET, BY SERVICE TYPE,  2022–2029 (USD MILLION)
TABLE 221 LATIN AMERICA: MARKET, BY CONTRACT TYPE,  2022–2029 (USD MILLION)
TABLE 222 LATIN AMERICA: MARKET, BY END USER,  2022–2029 (USD MILLION)
TABLE 223 BRAZIL: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 224 BRAZIL: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 225 BRAZIL: MEDICAL EQUIPMENT MAINTENANCE MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 226 BRAZIL: MARKET FOR DENTAL EQUIPMENT,  BY TYPE, 2022–2029 (USD MILLION)
TABLE 227 MEXICO: MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 228 MEXICO: MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 229 MEXICO: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 230 MEXICO: MARKET FOR DENTAL EQUIPMENT,  BY TYPE, 2022–2029 (USD MILLION)
TABLE 231 REST OF LATIN AMERICA: MARKET, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 232 REST OF LATIN AMERICA: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 233 REST OF LATIN AMERICA: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 234 REST OF LATIN AMERICA: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 235 MIDDLE EAST & AFRICA: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY COUNTRY, 2022–2029 (USD MILLION)
TABLE 236 MIDDLE EAST & AFRICA: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 237 MIDDLE EAST & AFRICA: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 238 MIDDLE EAST & AFRICA: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 239 MIDDLE EAST & AFRICA: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 240 MIDDLE EAST & AFRICA: MARKET, BY SERVICE PROVIDER, 2022–2029 (USD MILLION)
TABLE 241 MIDDLE EAST & AFRICA: MARKET, BY SERVICE TYPE, 2022–2029 (USD MILLION)
TABLE 242 MIDDLE EAST & AFRICA: MARKET, BY CONTRACT TYPE, 2022–2029 (USD MILLION)
TABLE 243 MIDDLE EAST & AFRICA: MARKET, BY END USER, 2022–2029 (USD MILLION)
TABLE 244 GCC COUNTRIES: MEDICAL EQUIPMENT MAINTENANCE MARKET, BY DEVICE TYPE,  2022–2029 (USD MILLION)
TABLE 245 GCC COUNTRIES: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 246 GCC COUNTRIES: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 247 GCC COUNTRIES: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 248 REST OF MIDDLE EAST & AFRICA: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY,  BY DEVICE TYPE, 2022–2029 (USD MILLION)
TABLE 249 REST OF MIDDLE EAST & AFRICA: MEDIAL EQUIPMENT MAINTENANCE MARKET FOR DIAGNOSTIC IMAGING EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 250 REST OF MIDDLE EAST & AFRICA: MARKET FOR PATIENT MONITORING & LIFE SUPPORT DEVICES, BY TYPE, 2022–2029 (USD MILLION)
TABLE 251 REST OF MIDDLE EAST & AFRICA: MARKET FOR DENTAL EQUIPMENT, BY TYPE, 2022–2029 (USD MILLION)
TABLE 252 DEGREE OF COMPETITION: MARKET
TABLE 253 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY: COMPANY FOOTPRINT
TABLE 254 MEDICAL EQUIPMENT MAINTENANCE MARKET: SERVICE FOOTPRINT
TABLE 255 MARKET: END-USER FOOTPRINT
TABLE 256 MARKET: DETAILED LIST OF KEY  STARTUPS/SMES
TABLE 257 MARKET: COMPETITIVE BENCHMARKING  OF KEY STARTUPS/SMES
TABLE 258 MARKET: BRAND COMPARISON
TABLE 259 MARKET: SERVICE LAUNCHES, JANUARY 2021–APRIL 2024
TABLE 260 MARKET: DEALS, JANUARY 2021–APRIL 2024
TABLE 261 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY: EXPANSIONS, JANUARY 2021–APRIL 2024
TABLE 262 GE HEALTHCARE COMPANY OVERVIEW
TABLE 263 GE HEALTHCARE TECHNOLOGIES INC.: SERVICES OFFERED
TABLE 264 GE HEALTHCARE TECHNOLOGIES INC.: DEALS
TABLE 265 GE HEALTHCARE TECHNOLOGIES INC.: EXPANSIONS
TABLE 266 GE HEALTHCARE TECHNOLOGIES INC.: OTHER DEVELOPMENTS
TABLE 267 SIEMENS HEALTHINEERS: COMPANY OVERVIEW
TABLE 268 SIEMENS HEALTHINEERS: SERVICES OFFERED
TABLE 269 SIEMENS HEALTHINEERS: DEALS
TABLE 270 SIEMENS HEALTHINEERS: EXPANSIONS
TABLE 271 KONINKLIJKE PHILIPS N.V.: COMPANY OVERVIEW
TABLE 272 KONINKLIJKE PHILIPS N.V.: SERVICES OFFERED
TABLE 273 KONINKLIJKE PHILIPS N.V.: DEALS
TABLE 274 KONINKLIJKE PHILIPS N.V.: EXPANSIONS
TABLE 275 MEDTRONIC PLC: COMPANY OVERVIEW
TABLE 276 MEDTRONIC PLC: SERVICES OFFERED
TABLE 277 MEDTRONIC PLC: DEALS
TABLE 278 FUJIFILM HOLDINGS CORPORATION: COMPANY OVERVIEW
TABLE 279 FUJIFILM HOLDINGS CORPORATION: SERVICES OFFERED
TABLE 280 FUJIFILM HOLDINGS CORPORATION: DEALS
TABLE 281 OLYMPUS CORPORATION: COMPANY OVERVIEW
TABLE 282 OLYMPUS CORPORATION: SERVICES OFFERED
TABLE 283 OLYMPUS CORPORATION: DEALS
TABLE 284 OLYMPUS CORPORATION: EXPANSIONS
TABLE 285 STRYKER CORPORATION: COMPANY OVERVIEW
TABLE 286 STRYKER CORPORATION: SERVICES OFFERED
TABLE 287 STRYKER CORPORATION: EXPANSIONS
TABLE 288 CANON INC.: COMPANY OVERVIEW
TABLE 289 CANON INC.: SERVICES OFFERED
TABLE 290 CANON INC.: SERVICE LAUNCHES
TABLE 291 CANON INC.: DEALS
TABLE 292 CANON INC.: EXPANSIONS
TABLE 293 DRÄGERWERK AG & CO. KGAA: COMPANY OVERVIEW
TABLE 294 DRÄGERWERK AG & CO. KGAA: SERVICES OFFERED
TABLE 295 HITACHI LTD.: COMPANY OVERVIEW
TABLE 296 HITACHI LTD.: SERVICES OFFERED
TABLE 297 HITACHI LTD.: DEALS
TABLE 298 B. BRAUN SE: COMPANY OVERVIEW
TABLE 299 B. BRAUN SE: SERVICES OFFERED
TABLE 300 ELEKTA: COMPANY OVERVIEW
TABLE 301 ELEKTA: SERVICES OFFERED
TABLE 302 ELEKTA: SERVICE LAUNCHES
TABLE 303 ELEKTA: DEALS
TABLE 304 SHIMADZU CORPORATION: COMPANY OVERVIEW
TABLE 305 SHIMADZU CORPORATION: SERVICES OFFERED
TABLE 306 SHIMADZU CORPORATION: SERVICE LAUNCHES
TABLE 307 SHIMADZU CORPORATION: DEALS
 
 
LIST OF FIGURES (58 FIGURES)
 
FIGURE 1 RESEARCH DESIGN
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
FIGURE 3 PRIMARY SOURCES: GLOBAL MEDICAL EQUIPMENT MAINTENANCE INDUSTRY
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
FIGURE 5 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS (2023)
FIGURE 6 MARKET SIZE ESTIMATION: COMPANY-WISE REVENUE SHARE ANALYSIS (2023)
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: MEDICAL EQUIPMENT MAINTENANCE MARKET
FIGURE 8 IMPACT OF DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES ON MARKET GROWTH AND CAGR
FIGURE 9 DATA TRIANGULATION METHODOLOGY
FIGURE 10 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY DEVICE TYPE, 2024 VS. 2029 (USD MILLION)
FIGURE 11 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY SERVICE TYPE, 2024 VS. 2029 (USD MILLION)
FIGURE 12 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY SERVICE PROVIDER, 2024 VS. 2029 (USD MILLION)
FIGURE 13 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY CONTRACT TYPE, 2024 VS. 2029 (USD MILLION)
FIGURE 14 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, BY END USER, 2024 VS. 2029 (USD MILLION)
FIGURE 15 GEOGRAPHICAL SNAPSHOT OF MEDICAL EQUIPMENT MAINTENANCE INDUSTRY
FIGURE 16 GROWING TREND OF PREVENTIVE MAINTENANCE TO DRIVE MARKET GROWTH IN NEXT FIVE YEARS
FIGURE 17 PREVENTIVE MAINTENANCE TO FORM LARGEST SERVICE TYPE SEGMENT IN MARKET
FIGURE 18 MULTI-VENDOR OEMS FORM LARGEST SERVICE PROVIDER SEGMENT IN MARKET
FIGURE 19 HOSPITALS TO DOMINATE MARKET DURING FORECAST PERIOD
FIGURE 20 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 21 MEDICAL EQUIPMENT MAINTENANCE MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
FIGURE 22 EU: DISTRIBUTION OF POPULATION, BY AGE (2010 VS. 2020 VS. 2030)
FIGURE 23 GLOBAL PERCENTAGE OF GERIATRIC POPULATION, BY COUNTRY  (2010 VS. 2019 VS. 2022)
FIGURE 24 COUNTRY-WISE INCIDENCE OF CANCER, BY COUNTRY, 2022
FIGURE 25 EUROPE: TOTAL NUMBER OF MINIMALLY INVASIVE PROCEDURES, BY COUNTRY, 2021
FIGURE 26 DEVIATION FROM GOLDEN RULE, BY COUNTRY, 2020
FIGURE 27 VALUE CHAIN ANALYSIS: MAXIMUM VALUE ADDED DURING MANUFACTURING PHASE
FIGURE 28 VALUE CHAIN: GLOBAL MEDICAL EQUIPMENT MAINTENANCE WORKFLOW
FIGURE 29 GLOBAL NUMBER OF PATENT PUBLICATIONS (JANUARY 2013–APRIL 2024)
FIGURE 30 TOP APPLICANTS & OWNERS (COMPANIES/INSTITUTIONS) FOR DIALYSIS MACHINE PATENTS (JANUARY 2013–APRIL 2024)
FIGURE 31 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS, BY END USER
FIGURE 32 KEY BUYING CRITERIA, BY END USER
FIGURE 33 INVESTMENT & FUNDING SCENARIO FOR MEDICAL EQUIPMENT MAINTENANCE MARKET PLAYERS
FIGURE 34 MRI EXAMS PER 1,000 POPULATION, BY COUNTRY (2021)
FIGURE 35 EUROPE: CATARACT SURGERIES PER 100,000 POPULATION, BY COUNTRY (2021)
FIGURE 36 NORTH AMERICA: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY SNAPSHOT
FIGURE 37 ASIA PACIFIC: MEDICAL EQUIPMENT MAINTENANCE INDUSTRY SNAPSHOT
FIGURE 38 KEY DEVELOPMENTS BY MAJOR PLAYERS IN MEDICAL EQUIPMENT MAINTENANCE INDUSTRY, 2021–2024
FIGURE 39 REVENUE ANALYSIS OF KEY PLAYERS IN MEDICAL EQUIPMENT MAINTENANCE INDUSTRY (2021–2023)
FIGURE 40 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY SHARE, BY KEY PLAYER, 2023
FIGURE 41 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023
FIGURE 42 MEDICAL EQUIPMENT MAINTENANCE INDUSTRY: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023
FIGURE 43 EV/EBITDA OF KEY VENDORS
FIGURE 44 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND FIVE-YEAR STOCK BETA OF  KEY VENDORS
FIGURE 45 BRAND/SERVICE COMPARATIVE ANALYSIS
FIGURE 46 GE HEALTHCARE TECHNOLOGIES INC.: COMPANY SNAPSHOT (2023)
FIGURE 47 SIEMENS HEALTHINEERS: COMPANY SNAPSHOT (2023)
FIGURE 48 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2023)
FIGURE 49 MEDTRONIC PLC: COMPANY SNAPSHOT (2023)
FIGURE 50 FUJIFILM HOLDINGS CORPORATION: COMPANY SNAPSHOT (2022)
FIGURE 51 OLYMPUS CORPORATION: COMPANY SNAPSHOT (2022)
FIGURE 52 STRYKER CORPORATION: COMPANY SNAPSHOT (2022)
FIGURE 53 CANON INC.: COMPANY SNAPSHOT (2023)
FIGURE 54 DRÄGERWERK AG & CO. KGAA: COMPANY SNAPSHOT (2023)
FIGURE 55 HITACHI, LTD.: COMPANY SNAPSHOT (2022)
FIGURE 56 B. BRAUN SE: COMPANY SNAPSHOT (2023)
FIGURE 57 ELEKTA: COMPANY SNAPSHOT (2022)
FIGURE 58 SHIMADZU CORPORATION: COMPANY SNAPSHOT (2023)

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, key 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 Hoovers), white papers, annual reports, company 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. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the medical equipment maintenance market. The primary sources from the demand side include medical OEMs, medical device ISOs, and service providers, among others. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends & key market dynamics.

Breakdown of Primary Interviews:

A breakdown of the primary respondents for medical equipment maintenance market (supply side) market is provided below:

Medical Equipment Maintenance  Market Size, and Share

*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.

Note: Companies are classified into tiers based on their total revenue. As of 2023, Tier 1 = >USD 2 billion, Tier 2 = USD 50 million to USD 2 billion, and Tier 3 = <USD 50 million.

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

Market Estimation Methodology

In this report, the global medical equipment maintenance market size was arrived at by using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the medical equipment maintenance business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.

To calculate the global market value, segmental revenues were calculated based on the revenue mapping of major solution/service providers. This process involved the following steps:

  • Generating a list of major global players operating in the medical equipment maintenance market
  • Mapping annual revenues generated by major global players from the medical equipment maintenance segment (or nearest reported business unit/service category)
  • Revenue mapping of key players to cover a major share of the global market as of 2023
  • Extrapolating the global value of the medical equipment maintenance industry

Medical Equipment Maintenance  Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Supply-Side Analysis - Revenue Share Analysis

Medical Equipment Maintenance  Market Size, and Share

Revenue Share Analysis Illustration of Koninklijke Philips N.V.

Medical Equipment Maintenance  Market Size, and Share

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the global medical equipment maintenance market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the medical equipment maintenance market was validated using both top-down and bottom-up approaches.

Market Definition

Medical equipment maintenance encompasses a comprehensive suite of services including monitoring, diagnosing failures, supplying spare parts, corrective maintenance, preventive maintenance, automation and upgrades, inventory management and testing, consulting, planning equipment renewal, and user training. It is indispensable for identifying and preempting potential performance issues before they escalate, thus optimizing equipment performance and curtailing operational costs. These critical services are typically executed internally or outsourced to Original Equipment Manufacturers (OEMs) or Independent Service Organizations (ISOs), ensuring the sustained reliability and efficiency of healthcare equipment.

Key Market Stakeholders

  • Original equipment manufacturers
  • Independent service providers
  • Independent service organizations
  • Product distributors and channel partners
  • Hospitals and surgical centers
  • Dental hospitals, laboratories, and clinics
  • Dental academic and research institutes
  • Ambulatory care centers and physician-operated laboratories
  • Contract manufacturers and third-party suppliers
  • Research laboratories and academic institutes
  • Clinical research organizations
  • Contract manufacturing organizations
  • Government and non-governmental regulatory authorities
  • Venture capitalists and investors
  • Trade associations and industry bodies
  • Insurance companies
  • Market research and consulting firms

Objectives of the Study

  • To define, describe, and forecast the medical equipment maintenance market on the basis of device type, service type, service provider, end user, contract type, and region.
  • To provide detailed information regarding the major factors influencing the growth potential of the global medical equipment maintenance market (drivers, restraints, opportunities, challenges, and trends).
  • To analyze the micro markets with respect to individual growth trends, future prospects, and contributions to the global medical equipment maintenance market.
  • To analyze key growth opportunities in the global medical equipment maintenance market for key stakeholders and provide details of the competitive landscape for market leaders.
  • To forecast the size of the global medical equipment maintenance market in North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa.
  • To profile the key players in the global medical equipment maintenance market and comprehensively analyze their market shares and core competencies.
  • To track and analyze the competitive developments undertaken in the global medical equipment maintenance market, such as agreements, expansions, and & 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:

Service Analysis

  • Service matrix, which gives a detailed comparison of the service portfolios of the top twelve companies

Company Information

  • Detailed analysis and profiling of additional market players (up to 13)

Geographic Analysis

  • Further breakdown of the Rest of Europe's medical equipment maintenance market into Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal among other
  • Further breakdown of the Rest of Asia Pacific medical equipment maintenance market into Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
  • Further breakdown of the Rest of the Latin America medical equipment maintenance market into Argentina, Chile, Peru, and Colombia, among other
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
MD 4027
Published ON
Jun, 2024
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