According to a new market report published by Lucintel, the growth of the
medical equipment maintenance market looks promising with opportunities in public and private hospitals. The
global medical equipment maintenance market is expected to reach an estimated $67.1 billion by 2028 with a CAGR of 9.3% from 2023 to 2028. The major drivers for this market are growth in the demand for medical equipment, increasing focus on preventive maintenance, and a wide acceptance of refurbished medical equipment.
In this market, preventive, corrective, and operational maintenance for imaging equipment, endoscopic devices, surgical instruments, and electromedical equipment are the major service type. Lucintel forecasts that preventive maintenance will remain the largest service type segment over the forecast period as this maintenance service ensures safe, efficient, and long lasting use of medical devices.
Within this market, maintainance services for imaging equipment is expected to witness the highest growth over the forecast period due to high replacement costs and the need for ensuring maximum equipment uptime.
North America will remain the largest region over the forecast period due to high adoption of advanced technology, well-established healthcare infrastructure, and growing medical device market in this region.
Emerging trends, which have direct impact on the dynamics of the industry, include emergence of ISOs and advancement in imaging equipment technologies. GE Healthcare, Siemens Healthineers, Koninklijke Philips, Canon, and Stryker are among the major players in the medical equipment maintenance market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the medical equipment maintenance market by device type, service type, service provider, end use, and region. Lucintel has prepared a comprehensive research report titled “
Growth Opportunities in the Medical Equipment Maintenance Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the medical equipment maintenance market by device type, service type, service provider, end use, and region as follows:
By Device Type [Value ($ Million) from 2017 – 2028]:
· Imaging Equipment
Ø Advanced Imaging Modalities
Ø Primary Imaging Modalities
· Endoscopic Device
· Surgical Instruments
· Electromedical Equipment
· Others
By Service Type [Value ($ Million) from 2017 – 2028]:
· Preventive Maintenance
· Corrective Maintenance
· Operational Maintenance
By Service Provider [Value ($ Million) from 2017 – 2028]:
·Original Equipment Manufacturers (OEMs)
Ø Multi- Vendor OEMs
Ø Single-Vendor OEMsl,
·Independent Service Organizations (ISOs)
·In-House Maintenance
By End Use [Value ($ Million) from 2017 – 2028]:
· Private Sector Organizations
· Public Sector Organizations
By Region [Value ($ Million) from 2017 – 2028]:
·North America
o United States
o Canada
o Mexico
·Europe
o Germany
o Italy
o France
o United Kingdom
o Spain
·Asia Pacific
o Japan
o China
o India
·The Rest of the World
o Brazil
Browse 118 market data tables and 132 figures spread through 211 pages and in-depth TOC on “Global Medical Equipment Maintenance Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the medical equipment maintenance market by device type (imaging equipment (advanced imaging modalities and primary imaging modalities), endoscopic device, surgical instruments, electromedical equipment, and others), service type (preventive maintenance, corrective maintenance, and operational maintenance), service provider (original equipment manufacturers (OEMs) (multi-vendor OEMs and single-vendor OEMs), independent service organizations (ISOs), and in-house maintenance), end user (public sector organizations and private sector organizations), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in this market?
