Global Medical Equipment Maintenance Market accounted value of USD 7.1 billion at a CAGR of 7.6% by 2024

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Global Medical Equipment Maintenance Market
Global Medical Equipment Maintenance
Market accounted value of USD 7.1 billion at a
CAGR of 7.6 by 2024
Global Medical Equipment Maintenance Market is
expected to reach USD 48,257.4 million by 2025
from USD 27,060.0 million in 2017, at a CAGR of
7.6 in the forecast period 2018 to 2025. The new
market report contains data for historic years
2016, the base year of calculation is 2017 and
the forecast period is 2018 to 2025.
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Report Description
The global medical equipment maintenance market
highly concentrated to a few big players and rest
to local players who cater to domestic markets
only. Siemens AG dominated the medical equipment
maintenance market accounting for a highest
market share in 2017, followed by GE Healthcare
and Philips Healthcare. Other players in this
market include are AGFA-GEVAERT, Canon Inc,
Drägerwerk AG CO. KGaA, Medtronic, Hitachi,
Ltd, Fujifilm Holdings Corporation, B. Braun,
HOYA Corporation among others.
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Market Segmentation

• Global medical equipment maintenance market is
  segmented on the basis of device into imaging
  equipment, endoscopic device surgical instrument,
  electro-medical equipment and others. In 2018,
  imaging equipment is expected to dominate the
  market with 32.5 market share and is expected to
  reach 16,350.2 million by 2025, growing at the
  highest CAGR of 8.2 in the forecast period 2018
  to 2025.
• Global medical maintenance equipment market is
  segmented on the basis of services type into
  preventive maintenance, corrective maintenance,
  and operational maintenance. In 2018, global
  preventive maintenance market is expected to
  dominate market with 45.4 market share and is
  expected to reach 22,471.7 million by 2025,
  growing at the highest CAGR of 8.0 in the
  forecast period 2018 to 2025.

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Key Drivers

• Some of the major factors driving the market for
  global medical equipment maintenance market are
  rising focus on preventive medical equipment
  maintenance, increasing preference for purchase
  of refurbished medical equipment, rising
  investments of key companies to build healthcare
  infrastructure, technological advancements for
  complex equipment maintenance, increasing number
  of public-private partnerships.
• On the other hand, high initial cost
  significant maintenance expenditure and lack of
  skilled professionals are hampering the growth of
  the market.

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Key Points

• Siemens AG is going to dominate the global
  medical equipment maintenance market followed by
  GE Healthcare and Philips Healthcare. Some of the
  other players are AGFA-GEVAERT, Canon Inc,
  Drägerwerk AG CO. KGaA, Medtronic, Hitachi,
  Ltd, Fujifilm Holdings Corporation, B. Braun,
  HOYA Corporation among others.
• The imaging equipment segment is dominating the
  global medical equipment maintenance market with
  the market share 32.5.
• The preventive maintenance is dominating the
  medical equipment maintenance market with 45.4
  market share, growing at the highest CAGR 8.0 in
  the forecast period 2018 to 2025.

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