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Global Medical Equipment Maintenance Market : The dynamics of Developed & Developing Countries Growth Speed Up || AGFA-GEVAERT, Canon Inc, Drägerwerk AG & CO. KGaA, Medtronic, Hitachi, Ltd, Fujifilm Holdings Corporation

Global Medical Equipment Maintenance Market Device (Imaging Equipment, Endoscopic Device, Surgical Instrument, Electro-Medical Equipment), Service Type (Preventive Maintenance, Corrective Maintenance, Operational Maintenance), Service Provider (Original Equipment Manufacturers, Independent Service Organizations, In-House Maintenance), End User (Private-Sector Organizations, Public-Sector Organizations), Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa) -Industry Trends and Forecast to 2025

Global Medical Equipment Maintenance Market is expected to reach USD 48,257.4 million by 2025 from USD 27,060.0 million in 2017, at a CAGR of 7.6% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Global Medical Equipment Maintenance MarketThe major factors contributing to the growth of the market includes factors such as rising focus on preventive medical equipment maintenance, increasing preference for purchase of refurbished medical equipment, rising investments of key companies to build healthcare infrastructure, technological advancements for complex equipment maintenance, increasing number of public-private partnerships. On the other hand, high initial cost & significant maintenance expenditure and lack of skilled professionals are hampering the growth of the market.

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Market Segmentation: Global Medical Equipment Maintenance Market

  • Global medical equipment maintenance market is segmented on the basis of device into imaging equipment, endoscopic device surgical instrument, electro-medical equipment and others. In 2018, imaging equipment is expected to dominate the market with 32.5% market share and is expected to reach 16,350.2 million by 2025, growing at the highest CAGR of 8.2% in the forecast period 2018 to 2025.
  • Global medical maintenance equipment market is segmented on the basis of services type into preventive maintenance, corrective maintenance, and operational maintenance. In 2018, global preventive maintenance market is expected to dominate market with 45.4% market share and is expected to reach 22,471.7 million by 2025, growing at the highest CAGR of 8.0% in the forecast period 2018 to 2025.
  • Global medical maintenance equipment market is segmented on the basis of service provider into original equipment manufacturers, independent service organizations and in-house maintenance. In 2018, global medical maintenance equipment original equipment manufacturers market is expected to dominate market with 47.0% market share and is expected to reach 23,052.2 million by 2025, growing at the highest CAGR of 7.9% in the forecast period 2018 to 2025.
  • The original equipment manufacturers segment is further sub-segmented into multi-vendor OEMs and single-vendor OEMs. In 2018, global medical maintenance equipment multi-vendor OEMs market is expected to dominate market with 54.1% market share and is expected to reach 12,873.9 million by 2025, growing at the highest CAGR of 8.4% in the forecast period 2018 to 2025.
  • Global medical maintenance equipment market is segmented on the basis of end-user into public-sector organizations and private-sector organizations. In 2018, global medical maintenance equipment private-sector organizations market is expected to dominate market with 57.2% market share and is expected to reach 28,053.7    million by 2025, growing at the highest CAGR of 7.8% in the forecast period 2018 to 2025.
  • Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.

Key Drivers: Global Medical Equipment Maintenance Market

Some of the major factors driving the market for global medical equipment maintenance market are rising focus on preventive medical equipment maintenance, increasing preference for purchase of refurbished medical equipment, rising investments of key companies to build healthcare infrastructure, technological advancements for complex equipment maintenance, increasing number of public-private partnerships.

On the other hand, high initial cost & significant maintenance expenditure and lack of skilled professionals are hampering the growth of the market.

Key Points: Global Medical Equipment Maintenance Market

Siemens AG is going to dominate the global medical equipment maintenance market followed by GE Healthcare and Philips Healthcare. Some of the other players are AGFA-GEVAERT, Canon Inc, Drägerwerk AG & CO. KGaA, Medtronic, Hitachi, Ltd, Fujifilm Holdings Corporation, B. Braun, HOYA Corporation among others.

  • The imaging equipment segment is dominating the global medical equipment maintenance market with the market share 32.5%.
  • The preventive maintenance is dominating the medical equipment maintenance market with 45.4% market share, growing at the highest CAGR 8.0% in the forecast period 2018 to 2025.

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