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Global Medical Equipment Maintenance Market to reach USD 81.8 billion by 2027.

Global Medical Equipment Maintenance Market Size study, by Product (Imaging (MRI, CT, PET-CT, ultrasound, X-ray), Endoscopes, Lasers, Ventilators, Dialysis, Monitors), Provider (OEM, ISO, In-house), Service (Preventive, Operational), User (Hospital, ASCs) and Regional Forecasts 2021-2027

Product Code: HLSMDE-29937605
Publish Date: 12-10-2021
Page: 200

Global Medical Equipment Maintenance Market is valued approximately USD 40.9 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.4 % over the forecast period 2021-2027. The growing factor of the market are associated equipment’s markets are growing, rising adoption of innovative funding mechanism are propel the medical equipment maintenance market in forecasting years. Also, rising purchase of refurbished medical systems drive the market in projection years. However, high cost of maintenance expenditure limit the market in forecasting years. Whereas, innovation in services and technologies offer opportunities to the market players. For instance, in March 2021, Fujifilm corporation completed acquisition of the diagnostic Imaging company of Hitachi Limited to support research and development production, marketing, and other services for diagnostic imaging systems such as CT, MRI, X-ray, ultrasound systems, and others.

The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Medical Equipment Maintenance market. In 2020, the North America region dominated the Medical Equipment Maintenances market, accounting for significant amount of total revenue. The key drivers for the country are improved healthcare facilities, rising installation base for advanced medical developments in healthcare facilities. United States dominating in North America region due to the presence of independent service providers and growing medical devices in healthcare facilities in forecasting years drive the medical equipment maintenance market.
Major market player included in this report are:
GE Healthcare
Siemens Healthineers
Koninklijke Philips N.V.
Drägerwerk AG & Co. KGaA
B. Braun Melsungen AG
BC Technical, Inc.
Alliance Medical Group
Althea Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Mode of Operation offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Device Type:
Diagnostic Imaging Equipment
Electrosurgical Equipment
Endoscopic Devices
Surgical Equipment
Medical Lasers
Opthalmology Equipment
Patient Monitoring & Life Support Devices
Laboratory Equipment
Durable Medical Equipment
Radiotherapy Devices
Dental Equipment
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:
Diagnostic Imaging Centers
Dialysis Centers
Ambulatory Surgical Centers
Dental Clinics & Speciality Clinics
Other End Users
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Medical Equipment Maintenance Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Medical Equipment Maintenance Market, by Region, 2019-2027 (USD Billion)
1.2.2. Medical Equipment Maintenance Market, by Device Type, 2019-2027 (USD Billion)
1.2.3. Medical Equipment Maintenance Market, by Service Type, 2019-2027 (USD Billion)
1.2.4. Medical Equipment Maintenance Market, by Technology, 2019-2027 (USD Billion)
1.2.5. Medical Equipment Maintenance Market, by End users, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Medical Equipment Maintenance Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Medical Equipment Maintenance Market Dynamics
3.1. Medical Equipment Maintenance Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Growing associated equipment’s market Rising adoption of innovative funding mechanism
3.1.2. Market Challenges High cost of maintenance expenditure
3.1.3. Market Opportunities Developments in service offerings Rising use of IoT
Chapter 4. Global Medical Equipment Maintenance Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Medical Equipment Maintenance Market, by Device Type
5.1. Market Snapshot
5.2. Global Medical Equipment Maintenance Market by Device Type, Performance – Potential Analysis
5.3. Global Medical Equipment Maintenance Market Estimates & Forecasts by Device Type 2018-2027 (USD Billion)
5.4. Medical Equipment Maintenance Market, Sub Segment Analysis
5.4.1. Diagnostic Imaging Equipment
5.4.2. Electrosurgical Equipment
5.4.3. Endoscopic Devices
5.4.4. Surgical Equipment
5.4.5. Medical Lasers
5.4.6. Opthalmology Equipment
5.4.7. Patient Monitoring & Life Support Devices
5.4.8. Laboratory Equipment
5.4.9. Durable Medical Equipment
5.4.10. Radiotherapy Devices
5.4.11. Dental Equipment
Chapter 6. Global Medical Equipment Maintenance Market, by Service Type,
6.1. Market Snapshot
6.2. Global Medical Equipment Maintenance Market by Service Type, End users-Potential Analysis
6.3. Global Medical Equipment Maintenance Market Estimates & Forecasts by Service Type, 2018-2027 (USD Billion)
6.4. Medical Equipment Maintenance Market, Sub Segment Analysis
6.4.1. Preventive Maintenance
6.4.2. Corrective Maintenance
6.4.3. Operational Maintenance
Chapter 7. Global Medical Equipment Maintenance Market, by Technology,
7.1. Market Snapshot
7.2. Global Medical Equipment Maintenance Market by Technology, Performance-Potential Analysis
7.3. Global Medical Equipment Maintenance Market Estimates & Forecasts by Technology, 2018-2027 (USD Billion)
7.4. Medical Equipment Maintenance Market, Sub Segment Analysis
7.4.1. Multi-Vendor OEMs
7.4.2. Single-Vendor OEMs
7.4.3. Independent Service Organization
7.4.4. In-House Maintenance
Chapter 8. Global Medical Equipment Maintenance Market, by End users,
8.1. Market Snapshot
8.2. Global Medical Equipment Maintenance Market by End users, Performance-Potential Analysis
8.3. Global Medical Equipment Maintenance Market Estimates & Forecasts by End users, 2018-2027 (USD Billion)
8.4. Medical Equipment Maintenance Market, Sub Segment Analysis
8.4.1. Hospital
8.4.2. Diagnostic Imaging Centers
8.4.3. Dialysis Centers
8.4.4. Ambulatory Surgical Centers
8.4.5. Dental Clinics & Speciality Clinics
8.4.6. Other End Users
Chapter 9. Global Medical Equipment Maintenance Market, Regional Analysis
9.1. Medical Equipment Maintenance Market, Regional Market Snapshot
9.2. North America Medical Equipment Maintenance Market
9.2.1. U.S. Medical Equipment Maintenance Market Device Type breakdown estimates & forecasts, 2018-2027 Service Type breakdown estimates & forecasts, 2018-2027 Technology breakdown estimates & forecasts, 2018-2027 End users breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Medical Equipment Maintenance Market
9.3. Europe Medical Equipment Maintenance Market Snapshot
9.3.1. U.K. Medical Equipment Maintenance Market
9.3.2. Germany Medical Equipment Maintenance Market
9.3.3. France Medical Equipment Maintenance Market
9.3.4. Spain Medical Equipment Maintenance Market
9.3.5. Italy Medical Equipment Maintenance Market
9.3.6. Rest of Europe Medical Equipment Maintenance Market
9.4. Asia-Pacific Medical Equipment Maintenance Market Snapshot
9.4.1. China Medical Equipment Maintenance Market
9.4.2. India Medical Equipment Maintenance Market
9.4.3. Japan Medical Equipment Maintenance Market
9.4.4. Australia Medical Equipment Maintenance Market
9.4.5. South Korea Medical Equipment Maintenance Market
9.4.6. Rest of Asia Pacific Medical Equipment Maintenance Market
9.5. Latin America Medical Equipment Maintenance Market Snapshot
9.5.1. Brazil Medical Equipment Maintenance Market
9.5.2. Mexico Medical Equipment Maintenance Market
9.6. Rest of The World Medical Equipment Maintenance Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. GE Healthcare Key Information Overview Financial (Subject to Data Availability) Device Type Summary Recent Developments
10.2.2. Siemens Healthineers
10.2.3. Koninklijke Philips N.V.
10.2.4. Drägerwerk AG & Co. KGaA
10.2.5. Medtronic
10.2.6. B. Braun Melsungen AG
10.2.7. Aramark
10.2.8. BC Technical, Inc.
10.2.9. Alliance Medical Group
10.2.10. Althea Group
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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