Lucintel anticipates that North America will be the fastest growing region in the medical equipment maintenance market

   October 18, 2019
According to a new market report published by Lucintel, the future of the medical equipment maintenance market looks promising with opportunities in the public and private sector organizations. The medical equipment maintenance market is expected to grow with a CAGR of 10% from 2019 to 2024. The major drivers for this market are growth in associated equipment markets, rising focus on preventive medical equipment maintenance, adoption of innovative funding mechanisms, and growing purchase of refurbished medical systems.

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In this market, imaging equipment, advanced modalities, primary modalities, endoscopic devices, surgical instruments, and electromedical equipment are the major device type segments. Imaging equipment is the largest device type segment due to high replacement cost and the need for ensuring maximum equipment time.

Within the medical equipment maintenance market, original equipment manufacturers (OEMs), multi-vendor OEMs, single-vendor OEMs, and independent service organizations (ISOs) are the major service providers. OEM is the largest service provider segment due to their service quality, wide geographic presence, and strong technical expertise.

North America will remain the largest region over the forecast period due to rise in aging population and incidences of lifestyle-related diseases, access to quality healthcare, well-established healthcare infrastructure, high adoption of advanced technology, and the presence of prominent players in the region.

GE Healthcare, Siemens Healthineers, Koninklijke Philips, Canon, Fujifilm, Aramark Services, Pantheon Healthcare Group, TBS Group, Agfa-Gevaert Group, B. Braun Melsungen, Drägerwerk AG & Co. KGaA, Hitachi Medical, Carestream Health, Olympus, and BC Technical 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 user, and region. Lucintel has prepared a comprehensive research report titled "Medical Equipment Maintenance Market 2019-2024: Trends, Forecast, and Opportunity Analysis". The Lucintel report serves as a catalyst for growth strategies, 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 user, and region as follows:

By Device Type [$M shipment analysis for 2013 – 2024]:

  • Imaging Equipment

  • Advanced Modalities

  • Primary Modalities

  • Endoscopic Devices

  • Surgical Instruments

  • Electromedical Equipment

By Service Type [$M shipment analysis for 2013 – 2024]:

  • Preventive Maintenance

  • Corrective Maintenance

  • Operational Maintenance

By Service Provider [$M shipment analysis for 2013 – 2024]:

  • Original Equipment Manufacturers (OEMs)

  • Multi-Vendor OEMs

  • Single-Vendor OEMs

  • Independent Service Organizations (ISOs)

By End User [$M shipment analysis for 2013 – 2024]:

  • Public-Sector Organizations

  • Private-Sector Organizations

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • United Kingdom

    • Germany

    • France

    • Italy

    • Spain

  • Asia-Pacific

    • China

    • India

    • Japan

  • ROW

    • Brazil

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

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