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Medical Equipment Maintenance Market Research Report: By Equipment Type, Service Type, Service Provider, End User - Global Industry Analysis and Demand Forecast to 2030

Medical Equipment Maintenance Market Research Report: By Equipment Type, Service Type, Service Provider, End User - Global Industry Analysis and Demand Forecast to 2030

  • December 2020
  • 200 pages
  • ID: 6033413
  • Format: PDF
  • Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Medical Equipment Maintenance Market Research Report: By Equipment Type (Imaging, Electromedical, Life Support, Surgical, Dental), Service Type (Preventive and Predictive, Corrective, Operational), Service Provider (Original Equipment Manufacturers, Independent Service Organizations, In-House), End User (Public-Sector Organizations, Private-Sector Organizations) - Global Industry Analysis and Demand Forecast to 2030

The global medical equipment maintenance market is projected to reach $45.1 billion by 2030, growing with a CAGR of 9.4% during the forecast period (2020–2030). The market is also predicted to generate revenue of $45.1 billion by 2030. The growing public awareness about preventive equipment maintenance, the existence of strict regulations in several countries, and rapid advancements and innovations in the medical devices industry are the key factors fueling the expansion of the market.

In recent years, there have been many developments and advancements in diagnostic equipment and medical devices across the globe and this trend is likely to continue in the coming years. Moreover, with the growing prevalence of various chronic diseases, the market players are rapidly manufacturing a diverse range of devices for diagnosing and treating patients. Many medical devices can be used in more than one healthcare application. For example, surgical scalpels are used in multiple surgeries.

Besides the aforementioned factors, the existence of strict regulatory framework regarding the maintenance of medical equipment in several countries is also driving the progress of the medical equipment maintenance market. For example, in the U.S., the presence of the U.S. Centers for Medicare and Medicaid Services (CMS) policies and other guidelines and mandates including accreditation requirements such as healthcare facilities accreditation program [HFAP], det norske veritas [DNV], and joint commission [TJC] is fueling the advancement of the market.

This is mainly because of the soaring utilization of imaging equipment, on account of the increasing incidence of various diseases such as cancer across the world. When service type is taken into consideration, the market is categorized into corrective, operational, and preventive and predictive services. Out of these, the preventive and predictive maintenance category will dominate the market in the future, as per the estimates of the market research firm.

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