Medical Equipment Maintenance Market Introduction & Overview

Medical equipment is used for the specific purposes of diagnosis, monitoring, prevention, treatment or alleviation of disease or any injury. It can be used either single-handedly or in combination with any accessory or other piece of medical equipment. However, with continues use of these equipment, maintenance of medical devices is required in order to avoid adverse incidents and medical device-related accidents and to increase their life span. These systems are equipped with latest technology to keep systems updated. With regular & scheduled maintenance of equipment’s enhances clinical performance and increases investment value.

The global medical equipment maintenance market is expected to witness significant growth during the forecast period owing to growing demand for low cost medical devices in hospitals and diagnostic centers due to financial constraints and increasing number of diagnostic imaging procedures. Further, several initiatives by the leading player of the original equipment manufacturer (OEM’s) to establish refurbished facilities in developed and developing countries have contributed to the growth of the medical equipment maintenance market. However, high cost associated with the maintenance of the systems & capital equipment’s is likely to restrain the market to certain extent.

Medical Equipment Maintenance Market has primarily been segmented into the following categories, viz. Equipment Type, Service Type, Service Provider, End User, and By Region

Medical Equipment Maintenance Market by Equipment Type

Based on Equipment type, medical equipment maintenance market is segmented into imaging equipment, electromedical equipment and, other medical equipment’s. The imaging equipment segment is estimated to account for the largest share of the market, due to rising number of chronic diseases coupled with increasing demand for maintenance services and capital equipment’s.

Medical Equipment Maintenance Market by Service Type

On the basis of service type, the market can be segmented into preventive maintenance, corrective maintenance, and operational maintenance. In terms of market share, the segment of preventive maintenance is estimated to account for the largest market share, as it helps to keep equipment in good working condition, avoid equipment failure and increases life span.

Medical Equipment Maintenance Market, By Service Provider

Based on the service provider, the market can be majorly classified into original equipment manufacturers, independent service organizations and, in-house maintenance. The original equipment manufacturers segment is projected to be the fastest growing segment in the market during the forecast period, owing to their global presence and strong professional skills.

Medical Equipment Maintenance Market, By End User

The segment of end user can be majorly classified into public organizations and private organizations. The private organizations segment is projected to be the fastest growing segment in medical equipment maintenance market during the forecast period due to increasing number of private hospitals and diagnosis centers globally.

Medical Equipment Maintenance Market by Regions

The global medical equipment maintenance market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW).  North America holds the largest share in medical equipment maintenance market. Presence of key vendors of medical equipment maintenance coupled with various technological advances in the region has contributed the growth of the market in the region. Furthermore, technological advancements in medical equipment maintenance market are promoting the manufacturers to develop and install advanced version of various devices and thereby enhancing the market growth.

Medical Equipment Maintenance Market Prominent Players

Some of the key players operating in the global medical equipment maintenance market are GENERAL ELECTRIC COMPANY, Siemens Healthcare Private Limited, CANON MEDICAL SYSTEMS CORPORATION, Fujifilm Holdings Corporation., Koninklijke Philips N.V., Carestream Health., Drägerwerk AG & Co. KGaA, OLYMPUS CORPORATION, B. Braun Melsungen AG and Hitachi, Ltd among others.