Global Medical Equipment Maintenance Industry – Future Growth Prospects | Emerging Economies
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- Innovation in Service Offerings and Use of IoT.
- Emergence of ISOs.
Recent Developments in the Global Medical Equipment Maintenance Market:
# In 2018, Koninklijke Philips N.V. (Netherlands) signed a partnership agreement with Kliniken der Stadt Köln (Germany) to provide continuous modernization and maintenance of imaging systems
# In 2018, Koninklijke Philips N.V. (Netherlands) signed a partnership agreement with Städtische Klinikum München (Germany) to provide medical imaging solutions which include healthcare consultancy services
# In 2016, Biomedical Srl sugned an agreement with ASST Orobica (Spain) for provision of integrated services for the management and maintenance of healthcare devices and equipment
What the Market Looks Like?
The global market is expected to grow from USD 28.97 billion in 2018 to USD 47.49 billion by 2023, at a Compound Annual Growth Rate (OTC:CAGR) of 10.4% during the forecast period.
North America is expected to lead the medical equipment maintenance market in 2023
On the basis of the region, the medical equipment maintenance market is segmented into North America, Europe, Asia, and the RoW. In 2018, North America is expected to account for the largest share of the market, followed by Europe, The largest share of the North American market is attributed to the factors such as the rise in aging population and incidence of lifestyle-related diseases, access to quality healthcare, well-established healthcare infrastructure, high adoption of advanced technology, and the presence of prominent players. In 2018, Europe is expected to hold the second-largest share.
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What Drives the Market?
The growth of the global Medical Equipment Maintenance Industry is primarily influenced by the following factors:
# Growth in the Associated Equipment Markets
# Rising Focus on Preventive Medical Equipment Maintenance
# Adoption of Innovative Funding Mechanisms
# Increasing Purchase of Refurbished Medical Systems
Aramark Services, Inc. (US), BC Technical, Inc. (US), Alliance Medical Group (UK), Althea Group (OTCPK:ITALY), Avensys UK Ltd. (UK), and Grupo Empresarial Electromédico (Spain) are some of the leading ISOs operating in the medical equipment maintenance market.
Key Questions addressed by the report:
# Where will all these developments take the industry in the long term?
# What are the upcoming trends for the medical equipment repair market?
# Which segment provides the most opportunity for growth?
# Who are the leading vendors operating in this market?
# What are the opportunities for new market entrants?
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