Entering text into the input field will update the search result below

Medical Equipment Maintenance Market – Major Technological Transformation Is Expected In Near Future

Feb. 11, 2021 8:20 AM ET
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.


  • 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

Major Growth Boosting Factors:

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

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?

Download PDF Brochure @ Medical Equipment Maintenance Market

Revenue Growth Predictions:

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.

Request Sample Pages@ Medical Equipment Maintenance Market

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.