North America Medical Equipment Maintenance Market to Reach US$ 14,387.30 Mn at a CAGR of 9.3% in 2027 | The Insight Partners

North America Medical Equipment Maintenance Market to 2027 - Regional Analysis and Forecasts By Device Type (Electromedical Equipment, Endoscopic Devices, Surgical Instruments, and Other Medical Equipment); Service Type (Preventive Maintenance, Corrective Maintenance and Operational Maintenance); Service Provider (Original Equipment Manufacturers, Independent Service Organizations, and In-House Maintenance) and Country

Publication Month: Jan 2020 | Report Code: TIPRE00008086 | No. of Pages: 123 | Category: Medical Device | Status: Published

North America medical equipment maintenance market is anticipated to reach US$ 14,387.30 Mn in 2027 from US$ 6,542.44 Mn in 2018. The medical equipment maintenance market is expected to rise with a CAGR of 9.3% from 2019-2027.

 

The rise of the medical equipment maintenance market is driven by factors such as the prevalence of chronic diseases, growing medical equipment, and increasing purchase of refurbished medical systems are expected to boost the market over the years. But, stringent regulatory policies are likely to hinder the growth of the market in the future years.

 

Refurbishment is the systematic process of delivering used equipment to the same condition as when new or even better. In the medical device or equipment, refurbishing means extending its lifetime of the machine, generally from 5 or 7 to 10 or 14 years or above. Hence it fits as a form or reuse and waste prevention. Hospitals are the primary end-users of capital medical equipment, and has become increasingly cost-conscious because of the economic downturn and increasing cost burden on healthcare systems. The healthcare sector is increasingly facing heavy cost pressures. These cost-saving pressures affect the demand for medical devices as well as the characteristics of these devices. For example, customers may prefer standard products over premium products, Operating expenses (OPEX) for maintenance over innovation, and preference for refurbished systems over high-margin new devices. From a hospital's point of view, refurbished equipment is a winning choice, because it provides excellent functionality at a low cost and with a substantial warranty period. At the same time, there still are some end-user groups that value new over the perceived lower quality and innovativeness of pre-owned equipment. Based on the above factors, the market for refurbished medical devices will propel the medical equipment maintenance market.

 

US is expected to dominate the market in the North America region, owing to the increase in the medical device industry in the US. Moreover, the prevalence of chronic diseases, the presence of various well-established players in the medical device market, is anticipated to increase significantly during the future period. Hence, considering the mentioned factors, the medical equipment maintenance market is expected to grow at a significant pace in the US during the forecast period.

 

US Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

US Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

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NORTH AMERICA MEDICAL EQUIPMENT MAINTENANCE – MARKET SEGMENTATION

 

By Device Type

  • Electromedical Equipment
  • Endoscopic Devices
  • Surgical Instruments
  • Other Medical Equipment

 

By Service Type

  • Preventive Maintenance
  • Corrective Maintenance
  • Operational Maintenance

 

By Service Provider

  • Original Equipment Manufactures
  • Independent Service organization
  • In-House Maintenance

By Geography

  • North America
    • US
    • Canada
    • Mexico

Company Profiles

  • Boston Scientific Corporation
  • Stryker
  • Medtronic
  • Edward Lifesciences Corporation
  • Johnson & Johnson Services, Inc.
  • Abbott
  • Terumo Corporation
  • B. Braun Melsungen AG
  • Aramark
  • Althea Group

1.           Introduction

1.1         Scope of the Study

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Medical Equipment Maintenance Market – By Device Type

1.3.2        North America Medical Equipment Maintenance Market – By Service Type

1.3.3        North America Medical Equipment Maintenance Market – By Service Provider

1.3.4        North America Medical Equipment Maintenance Market – By Country

2.           North America Medical Equipment Maintenance Market– Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Medical Equipment Maintenance Market – Market Landscape

4.1         overview

4.2         PEST Analysis

4.2.1        North America – PEST Analysis

5.           North America Medical Equipment Maintenance Market - Key Market Dynamics

5.1         Key Market Drivers

5.1.1        Rising Prevalence of Chronic Diseases

5.1.2        Increasing Purchase of Refurbished Medical Systems

5.1.3        Growing Medical Equipment Market

5.2         Key Market Restraint

5.2.1        Stringent Regulatory Policies

5.3         Key Market Opportunities

5.3.1        Growing Public Private Partnership in Healthcare Industry

5.4         Future Trends

5.4.1        Super Specialty and Multi-Specialty Hospitals are Expanding in North America

5.5         Impact Analysis

6.           Medical Equipment Maintenance Market – North America Analysis

6.1         North America Medical Equipment Maintenance Market Revenue Forecasts and Analysis

6.2         Positioning Of Key Players

7.           North America Medical Equipment Maintenance Market Analysis And Forecasts To 2027 – Device Type

7.1         Overview

7.2         North America Medical Equipment Maintenance Market Share by Device Type 2018 & 2027 (%)

7.2.1        North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

7.3         Electromedical Equipment

7.3.1        Overview

7.3.2        North America Electromedical Equipment Market Revenue and Forecast to 2027 (US$ Mn)

7.4         Endoscopic Devices

7.4.1        Overview

7.4.2        North America Endoscopic Devices Market Revenue and Forecast to 2027 (US$ Mn)

7.5         Surgical Instruments

7.5.1        Overview

7.5.2        North America Surgical Instruments Market Revenue and Forecast to 2027 (US$ Mn)

7.6         Other Medical Equipment

7.6.1        Overview

7.6.2        North America Other Medical Equipment Market Revenue and Forecast to 2027 (US$ Mn)

8.           North America Medical Equipment Maintenance Market Analysis And Forecasts To 2027 – Service Type

8.1         Overview

8.2         North America Medical Equipment Maintenance Market Share by Service Type 2018 & 2027 (%)

8.2.1        North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

8.3         Preventive Maintenance

8.3.1        Overview

8.3.2        North America Preventive Maintenance Market Revenue and Forecast to 2027 (US$ Mn)

8.4         Corrective Maintenance

8.4.1        Overview

8.4.2        North America Corrective Maintenance Market Revenue and Forecast to 2027 (US$ Mn)

8.5         Operational Maintenance

8.5.1        Overview

8.5.2        North America Operational Maintenance Market Revenue and Forecast to 2027 (US$ Mn)

9.           Medical Equipment Maintenance Market Analysis And Forecasts To 2027 – Service Provider

9.1         Overview

9.2         North America Medical Equipment Maintenance Market Share by Service Provider 2018 & 2027 (%)

9.2.1        North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

9.3         Original Equipment Manufacturers

9.3.1        Overview

9.3.2        North America Original Equipment Manufacturers Market Revenue and Forecast to 2027 (US$ Mn)

9.4         Independent Service Organizations

9.4.1        Overview

9.4.2        North America Independent Service Organizations Market Revenue and Forecast to 2027 (US$ Mn)

9.5         In-House Maintenance

9.5.1        Overview

9.5.2        North America In-House Maintenance Market Revenue and Forecast to 2027 (US$ Mn)

10.        Medical Equipment Maintenance Market Revenue and Forecasts to 2027 – Country Analysis

10.1      North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027

10.1.1     Overview

10.2      North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.2.1     North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.2.2     North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.2.3     North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

10.3      North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Country (%)

10.4      US Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.4.1     US Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.4.1.1       US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.4.1.2       US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.4.1.3       US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

10.5      Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.5.1     Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.5.1.1       Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.5.1.2       Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.5.1.3       Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

10.6      Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.6.1     Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

10.6.1.1       Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

10.6.1.2       Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

10.6.1.3       Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

11.        North America Medical Equipment Maintenance Market –Industry Landscape

11.1      Overview

11.2      Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019

11.3      Organic Developments

11.3.1     Overview

11.3.2     Organic Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019

11.4      Inorganic Developments

11.4.1     Overview

11.4.2     Inorganic Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019

12.        North America Medical Equipment Maintenance Market–Key Company Profiles

12.1      Boston Scientific Corporation

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Financial Overview

12.1.4     Service Portfolio

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Medtronic

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Financial Overview

12.2.4     Service Portfolio

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Stryker

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Financial Overview

12.3.4     Service Portfolio

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Edwards Lifesciences Corporation

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Financial Overview

12.4.4     Service Portfolio

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Johnson & Johnson Services, Inc.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Financial Overview

12.5.4     Service Portfolio

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Abbott

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Financial Overview

12.6.4     Service Portfolio

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      Terumo Corporation

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Financial Overview

12.7.4     Service Portfolio

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      B. Braun Melsungen AG

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Financial Overview

12.8.4     Service Portfolio

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Aramark

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Financial Overview

12.9.4     Service Portfolio

12.9.5     SWOT Analysis

12.9.6     Key Developments

12.10   Althea Group

12.10.1  Key Facts

12.10.2  Business Description

12.10.3  Financial Overview

12.10.4  Service Portfolio

12.10.5  SWOT Analysis

12.10.6  Key Developments

13.        Appendix

13.1      About The Insight Partners

13.2      Glossary of Terms

13.3      Methodology

13.3.1     Coverage

13.3.2     Secondary Research

13.3.3     Primary Research

LIST OF TABLES

Table 1.            North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 2.            North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type  (US$ Mn)

Table 3.            North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider  (US$ Mn)

Table 4.            North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type  (US$ Mn)

Table 5.            North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type  (US$ Mn)

Table 6.            North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider  (US$ Mn)

Table 7.            US: R&D investments by Medical Device Companies, (2018)

Table 8.            US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 9.            US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 10.         US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

Table 11.         Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 12.         Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 13.         Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)

Table 14.         Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)

Table 15.         Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)

Table 16.         Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider  (US$ Mn)

Table 17.         Recent Organic Growth Strategies in the Medical Equipment Maintenance Market

Table 18.         Recent Inorganic Growth Strategies in the Medical Equipment Maintenance Market

Table 19.         Glossary of Terms, Medical Equipment Maintenance Market

LIST OF FIGURES

Figure 1.          Medical Equipment Maintenance Market Segmentation

Figure 2.          North America Medical Equipment Maintenance Market Overview

Figure 3.          Electromedical Equipment Segment Held Largest Share Of The Device Type Segment In Medical Equipment Maintenance Market

Figure 4.          US Is Expected To Show Remarkable Growth During The Forecast Period

Figure 5.          North America Medical Equipment Maintenance Market- Leading Country Markets (US$ Mn)

Figure 6.          North America Medical Equipment Maintenance Market, Industry Landscape

Figure 7.          North America PEST Analysis

Figure 8.          Medical Equipment Maintenance Market Impact Analysis Of Driver And Restraints

Figure 9.          North America Medical Equipment Maintenance Market – Revenue Forecasts and Analysis – 2018- 2027

Figure 10.       Market Positioning Of Key Player In North America Medical Equipment Maintenance Market

Figure 11.       North America Medical Equipment Maintenance Market Share By Device Type 2018 & 2027 (%)

Figure 12.       North America Electromedical Equipment Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 13.       North America Endoscopic Devices Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 14.       North America Surgical Instruments Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 15.       North America Other Medical Equipment Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 16.       North America Medical Equipment Maintenance Market Share by Service Type 2018 & 2027 (%)

Figure 17.       North America Preventive Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 18.       North America Corrective Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 19.       North America Operational Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 20.       North America Medical Equipment Maintenance Market Share by Service Provider 2018 & 2027 (%)

Figure 21.       North America Original Equipment Manufacturers Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 22.       North America Independent Service Organizations Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 23.       North America In-House Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 24.       North America Medical Equipment Maintenance Market Revenue Overview, by Country (2018) (US$ Mn)

Figure 25.       North America Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 26.       North America Medical equipment maintenance Market Revenue and Forecasts to 2027, By Country (%)

Figure 27.       US Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 28.       Canada Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 29.       Mexico Market Revenue and Forecasts to 2027 (US$ Mn)

Figure 30.       Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019

 

The List of Companies – North America Medical Equipment Maintenance Market

 

  1. Boston Scientific Corporation
  2. Stryker
  3. Medtronic
  4. Edward Lifesciences Corporation
  5. Johnson & Johnson Services, Inc.
  6. Abbott
  7. Terumo Corporation
  8. B. Braun Melsungen AG
  9. Aramark
  10. Althea Group

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America medical equipment maintenance market.

 

  • Highlights key business priorities in order to assist companies to realign their business strategies.

 

  • The key findings and recommendations highlight crucial progressive industry trends in the North America medical equipment maintenance market, thereby allowing players across the value chain to develop effective long-term strategies.

 

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

 

  • Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.

 

  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

 

TIPRE00008086
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