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Medical Equipment Maintenance Market Trends 2020 – 2027 || Leading Players – Canon Inc, Drägerwerk AG & CO. KGaA, Medtronic, Hitachi, Ltd, Fujifilm Holdings Corporation, B. Braun

Global Medical Equipment Maintenance Market - 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.

Some of the major players operating in Medical Equipment Maintenance Market are AGFA-GEVAERT, Canon Inc, Drägerwerk AG & CO. KGaA, Medtronic, Hitachi, Ltd, Fujifilm Holdings Corporation, B. Braun, HOYA Corporation among others.

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The Medical Equipment Maintenance market report contains information and data in the form of charts, tables and graphs which is easily understandable to the users. This report deals with several markets internationally including Asia, North America, South America, and Africa in accord with the client’s needs. It endows them with the best possible solutions and meticulous information about the market trends. The best analytical methods have been employed in the report, namely SWOT analysis and Porter’s Five Forces analysis wherever applicable. What is more, the report offers advanced information and scenario about the Healthcare industry which helps to stand apart in the competition in this fast paced business environment. This Medical Equipment Maintenance market report also offers insights into revenue generation and sustainability initiative.

Drivers: Global Medical Equipment Maintenance Market

The 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.

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.

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Rising Focus On Preventive Medical Equipment Maintenance : –

Medical equipment maintenance consists of preventive, predictive, corrective, operational and other types of maintenance. Preventative maintenance has many advantages over other maintenance as it is performed on regular basis to prevent the equipment from failure. Preventive maintenance is performed all through when the equipment is on functioning to prevent it from unexpected interruption. The preventive maintenance extends the lifecycle of equipment and boosts efficiency for running more efficiently. It lowers the power expenses, improves the performance of assets by increasing uptime and it is helpful to develop customer service.

Preventative maintenance has the advantage of planning over less complex strategies. Unplanned reactive maintenance includes lost production, higher costs for parts and shipping. Planned maintenance helps to reduce the maintenance cost and to save the production downtime equipment would shut down for safety measures and essential parts or supplies are collected to minimize repair time. This maintenance does not require condition-based monitoring, which monitors the current state of the equipment, helps to reduce the requirement and cost to conduct and interpret condition monitoring data.

Scope of the Medical Equipment Maintenance Market Report : –

The report shields the development activities in the Medical Equipment Maintenance Market which includes the status of marketing channels available, and an analysis of the regional export and import. It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments. This will benefit the report’s users, that evaluates their position in Medical Equipment Maintenance market as well as create effective strategies in the near future.

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About Data Bridge Market Research:

Data Bridge Market Research is a versatile market research and consulting firm with over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Our coverage of industries include Medical Devices, Pharmaceuticals, Biotechnology, Semiconductors, Machinery, Information and Communication Technology, Automobiles and Automotive, Chemical and Material, Packaging, Food and Beverages, Cosmetics, Specialty Chemicals, Fast Moving Consumer Goods, Robotics, among many others.

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