The medical equipment maintenance market expected to be US$ 16,943.29 Mn in 2018 and is predicted to grow at a CAGR of 9.0% during the forecast period 2019 - 2027, to reach US$ 36,525.26 Mn by 2027.
North America held the largest market share and is expected to be the significant revenue contributor in forecast period. The growth in North America is characterized by growing medical device industry, strict regulations for medical device and increasing efforts in R&D activities as well as other activities undertaken by the market players operating in the market. In addition, technological advancements in the medical device industry has led to complex medical devices ecosystem in the regions and is likely to stimulate the growth of medical equipment maintenance market in North America.
Lucrative Regional Medical Equipment Maintenance Markets
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Medical Equipment Maintenance Market: Strategic Insights
Market Size Value in US$ 16,943.29 Million in 2018 Market Size Value by US$ 36,525.26 Million by 2027 Growth rate CAGR of 9.0% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Medical Equipment Maintenance Market: Strategic Insights
| Market Size Value in | US$ 16,943.29 Million in 2018 |
| Market Size Value by | US$ 36,525.26 Million by 2027 |
| Growth rate | CAGR of 9.0% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Market Insights
Rising Prevalence of Chronic Diseases
Chronic diseases such as obesity, diabetes, stroke, and heart disease, are among the leading causes of death and account for most of the nation’s health care costs. According to the estimates by The Asia Pacific Burden of Disease, the death rate of CVD is approximately 272 per 100,000 people in India, which is comparatively higher than the Asia Pacific average (i.e., 235 per 100 000 population). Similar trends for the increased prevalence of diabetes is witnessed among Asian countries such as Australia, China, and South Korea. For instance, as per IDF Diabetes Atlas published by the International Diabetes Federation in 2017, South-East Asia consists of almost one-fifth of the Asia Pacific diabetes population.
According to the Centers for Disease Control and Prevention (CDC) in 2019, almost 6 in 10 people in the US suffer from at least one chronic disease and 4 in 10 people have two or more chronic conditions. Also, cancer is one of the leading cause of death in the North America region. Furthermore, the American Cancer Society (ACS) estimated that in 2018, there was a diagnosis of approximately 1,735,350 new cancer cases. As per the data published by the World Health Organization (WHO), in 2014, around 230 million people in China had CVD. Also, by 2030, the number is predicted to increase by 50% considering the aging Chinese population and growth. Additionally, by 2030, cardiovascular disease will cost $ 1,044 billion to the Chinese government.
According to the Kidney Foundation of Canada, it is estimated that 70% - 80% of the cases are diagnosed with calcium oxalate stones in 2018. Moreover, according to the European Medical Journal, the prevalence of the urinary tract stones across the world ranges approximately from 4% to 20%. Furthermore, it is estimated that the rise in the cases may witness the increase near about from 40% to 50% by 2050. The article also stated that in the USA, the prevalence of nephrolithiasis was approximately 10% in men and 7% in women in 2015. Furthermore, the statistic for the prevalence of the kidney stone was observed in the countries such as Italy, Spain, and Scotland, the percentage of the prevalence of the kidney stone were near about 1%, 10%, and 3.5% respectively. Hence, the rise in the prevalence of chronic diseases is anticipated to drive the market during the forecast period.
Super Specialty and Multi-Specialty Hospitals are Expanding in the Asia Pacific
Multi-specialty hospitals are hospitals offering more than two unique treatments in their hospitals, whereas super-specialty hospitals offer newer subspecialties for a specific disorder. The physicians in multi-specialty hospitals possess degrees with specializations in particular areas such as, MD medicine, MD dermatology, MS surgery, and so on. Whereas, in super-specialty, the doctors hold degrees like DM neurology, McH urology, DM gastroenterology, McH neurosurgery.
Multi-specialty hospitals are a single doorway to the patients’ health care needs. They offer a wide range of treatments from newborn to the aged population. These hospitals primarily focus on prevention, disease management, and appropriate clinical interventions. Both multi-specialty and super-specialty hospitals provide and promote quality care in health & wellness at an affordable cost to society. However, super-specialty hospitals are currently existing only in few countries across the globe. Thus, with growing healthcare needs and a rising preference for specialized treatment, the super-specialty and multi-specialty hospitals hold several opportunities to grow during the forecast period.
Device Type Insights
The Global medical equipment maintenance market by device type was led by electromedical equipment segment. In 2018, device type segment held the largest market share in the medical equipment maintenance market. The segment is also expected to witness growth at a significant rate during the forecast period as it forms an essential part of medical equipment maintenance, its demand is expected to grow at a considerable pace during the future years.
Medical Equipment Maintenance Market, by Device Type
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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 Manufacturers
- Independent Service Organizations
- In-House Maintenance
BY GEOGRAPHY
North America
- U.S.
- Canada
- Mexico
Europe
- France
- Germany
- UK
- Spain
- Italy
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
South and Central America
- Brazil
- Argentina
Company Profiles
- Stryker
- Boston Scientific
- Medtronic
- Edward Lifesciences
- Johnson & Johnson
- Abbott
- Terumo Corporation
- B. Braun Melsungen Ag
- Aramark Services, Inc.
- Althea
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Device Type ; Service Type ; Service Provider and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
They key players in medical equipment maintenance market are Johnson & Johnson, Medtronic, Terumo Corporation, Althea, B. Braun Melsungen Ag, Aramark Services, Inc., Boston Scientific, Abbott, Stryker, Edward Lifesciences.
North America controls the biggest market share and is predicted to be the main revenue contributor throughout forecast period.
The market size for medical equipment maintenance is predicted to succeed in US$ 36,525.26 Mn by 2027.
The medical equipment maintenance market is studied for the period of 2018-2027.
2018 is taken into account as base year for Medical Equipment Maintenance market report.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Medical Equipment Maintenance Market – By Device Type
1.3.2 Global Medical Equipment Maintenance Market – By Service Type
1.3.3 Global Medical Equipment Maintenance Market – By Service Provider
1.3.4 Global Medical Equipment Maintenance Market – By Geography
2. Global Medical Equipment Maintenance Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Global Medical Equipment Maintenance – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.2.2 Europe– PEST Analysis
4.2.3 Asia Pacific – PEST Analysis
4.2.4 Middle East & Africa– PEST Analysis
4.2.5 South & Central America – PEST Analysis
5. Global Medical Equipment Maintenance Market – Key Industry 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 the Asia Pacific
5.5 Impact Analysis
6. Medical Equipment Maintenance Market – Global Analysis
6.1 Global Medical Equipment Maintenance Market Revenue Forecasts And Analysis
6.2 Global Medical Equipment Maintenance Market, By Geography - Forecasts And Analysis
6.3 Positioning Of Key Players
7. Medical Equipment Maintenance Market Analysis And Forecasts To 2027 – Device Type
7.1 Overview
7.2 Global Medical Equipment Maintenance Market Share by Device Type 2018 & 2027 (%)
7.3 Electromedical Equipment
7.3.1 Overview
7.3.2 Global Electromedical Equipment Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Endoscopic Devices
7.4.1 Overview
7.4.2 Global Endoscopic Devices Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Surgical Instruments
7.5.1 Overview
7.5.2 Global Surgical Instruments Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Other Medical Equipment
7.6.1 Overview
7.6.2 Global Other Medical Equipment Market Revenue and Forecast to 2027 (US$ Mn)
8. Medical Equipment Maintenance Market Analysis And Forecasts To 2027 – Service Type
8.1 Overview
8.2 Global Medical Equipment Maintenance Market Share by Service Type 2018 & 2027 (%)
8.3 Preventive Maintenance
8.3.1 Overview
8.3.2 Global Preventive Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Corrective Maintenance
8.4.1 Overview
8.4.2 Global Corrective Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
8.5 Operational Maintenance
8.5.1 Overview
8.5.2 Global 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 Global Medical Equipment Maintenance Market Share by Service Provider 2018 & 2027 (%)
9.3 Original Equipment Manufacturers
9.3.1 Overview
9.3.2 Global Original Equipment Manufacturers Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Independent Service Organizations
9.4.1 Overview
9.4.2 Global Independent Service Organizations Market Revenue and Forecast to 2027 (US$ Mn)
9.5 In-House Maintenance
9.5.1 Overview
9.5.2 Global 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)
10.7 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027
10.7.1 Overview
10.8 Europe Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.8.1 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.8.2 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.8.3 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.9 Europe Medical equipment maintenance market Revenue and Forecasts to 2027, By Country (%)
10.10 UK Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.10.1 UK Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.10.1.1... UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.10.1.2... UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.10.1.3... UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.11 GERMANY Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.11.1 Germany Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.11.1.1.......... Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.11.1.2.......... Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.11.1.3.......... Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.12 FRANCE Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.12.1 France Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.12.1.1.............. France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.12.1.2.............. France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.12.1.3.............. France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.13 Italy Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.13.1 Italy Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.13.1.1. Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.13.1.2. Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.13.1.3. Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.14 Spain Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.14.1 Spain Medical equipment maintenance market Revenue and Forecasts to 2027 (US$ Mn)
10.14.1.1................ Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.14.1.2................ Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.14.1.3................ Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.15 Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027
10.15.1 Overview
10.15.2 Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.15.3 Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.15.4 Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.15.5 Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.15.6 Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Country (%)
10.16 Japan Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.16.1 Japan Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.16.2 Japan Medical Equipment Maintenance market Revenue And Forecasts to 2027, By device type (US$ Mn)
10.16.3 Japan Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.16.4 Japan Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
10.17 China Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.17.1 China Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.17.2 China Medical Equipment Maintenance market Revenue And Forecasts to 2027, By device type (US$ Mn)
10.17.3 China Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.17.4 China Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
10.18 India Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.18.1 India Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.18.2 India Medical Equipment Maintenance market Revenue And Forecasts to 2027, By device type (US$ Mn)
10.18.3 India Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.18.4 India Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
10.18.5 South Korea Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.18.5.1..... South Korea Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.18.5.2..... South Korea Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.18.5.3..... South Korea Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.18.5.4..... South Korea Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.18.6 Australia Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.18.6.1........... Australia Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.18.6.2........... Australia Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.18.6.3........... Australia Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.18.6.4........... Australia Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.19 Middle East & Africa Medical Equipment Maintenance Market
10.19.1 Overview
10.19.2 Middle East & Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.19.3 Middle East & Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.19.4 Middle East & Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.19.5 Middle East & Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.19.6 Middle East & Africa Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Country (%)
10.20 UAE Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.20.1.1. UAE Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.20.1.2. UAE Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Device Type (US$ Mn)
10.20.1.3. UAE Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.20.1.4. UAE Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider(US$ Mn)
10.21 Saudi Arabia Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.21.1.1.... Saudi Arabia Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.21.1.2.... Saudi Arabia Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Device Type (US$ Mn)
10.21.1.3.... Saudi Arabia Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.21.1.4.... Saudi Arabia Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider(US$ Mn)
10.22 South Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.22.1.1..... South Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.22.1.2.... South Africa Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Device Type (US$ Mn)
10.22.1.3.... South Africa Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.22.1.4.... South Africa Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider(US$ Mn)
10.23 South And Central America Medical Equipment Maintenance Market Revenue And Forecasts To 2027
10.23.1 South and Central America Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.23.2 South and Central America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.23.3 South and Central America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.23.4 South and Central America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.23.5 South and Central America Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Country (%)
10.24 Brazil Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.24.1.1................ Brazil Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.24.1.2................ Brazil Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Device Type (US$ Mn)
10.24.1.3................ Brazil Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.24.1.4................ Brazil Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider(US$ Mn)
10.25 Argentina Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.25.1.1......... Argentina Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.25.1.2......... Argentina Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Device Type (US$ Mn)
10.25.1.3......... Argentina Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
10.25.1.4......... Argentina Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider(US$ Mn)
11. Global 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. Global 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
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. US: R&D investments by Medical Device companies, (2018)
Table 5. US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 6. US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 7. US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 8. Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 9. Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 10. Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 11. Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 12. Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 13. Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 14. Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 15. Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 16. Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 17. UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 18. UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 19. UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 20. Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 21. Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 22. Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 23. France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 24. France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 25. France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 26. Italy Medical Device Market
Table 27. Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 28. Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 29. Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 30. Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 31. Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 32. Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 33. Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 34. Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 35. Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 36. Japan Medical Device Testing Market Revenue And Forecasts to 2027, By device type (US$ Mn)
Table 37. Japan Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
Table 38. Japan Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
Table 39. China Medical Device Testing Market Revenue And Forecasts to 2027, By device type (US$ Mn)
Table 40. China Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
Table 41. China Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
Table 42. India Medical Device Testing Market Revenue And Forecasts to 2027, By device type (US$ Mn)
Table 43. India Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Type (US$ Mn)
Table 44. India Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Service Provider (US$ Mn)
Table 45. South Korea Medical Device Market
Table 46. South Korea Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 47. South Korea Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 48. South Korea Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 49. South Korea Medical Device Market
Table 50. Australia Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 51. Australia Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 52. Australia Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 53. Middle East & Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 54. Middle East & Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 55. Middle East & Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 56. UAE Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 57. UAE Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 58. UAE Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 59. Saudi Arabia Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 60. Saudi Arabia Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 61. Saudi Arabia Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 62. South Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 63. South Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 64. South Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 65. South and Central America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 66. South and Central America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 67. South and Central America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 68. Brazil Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 69. Brazil Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 70. Brazil Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 71. Argentina Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 72. Argentina Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 73. Argentina Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 74. Recent Organic Growth Strategies in the Medical Equipment Maintenance Market
Table 75. Recent Inorganic Growth Strategies in the Medical Equipment Maintenance Market
Table 76. Glossary of Terms, Medical Equipment Maintenance Market
LIST OF FIGURES
Figure 1. Medical Equipment Maintenance Market Segmentation
Figure 2. Medical Equipment Maintenance Market Segmentation, by Region
Figure 3. Global Medical Equipment Maintenance Market Overview
Figure 4. Electromedical Equipment Segment Held Largest Share Of The Device Type Segment In Medical Equipment Maintenance Market
Figure 5. Asia-Pacific Is Expected To Show Remarkable Growth During The Forecast Period
Figure 6. Global Medical equipment maintenance market, By Geography (US$ Mn)
Figure 7. Global Medical Equipment Maintenance Market- Leading Country Markets (US$ Mn)
Figure 8. Global Medical equipment maintenance market, Industry Landscape
Figure 9. North America PEST Analysis
Figure 10. Europe PEST Analysis
Figure 11. Asia Pacific PEST Analysis
Figure 12. Middle East & Africa PEST Analysis
Figure 13. South & Central America PEST Analysis
Figure 14. Medical Equipment Maintenance Market Impact Analysis Of Driver And Restraints
Figure 15. Global Medical Equipment Maintenance Market – Revenue Forecasts And Analysis – 2018- 2027
Figure 16. Global Medical Equipment Maintenance Market – by Geography Forecasts and Analysis – 2018- 2027
Figure 17. Market Positioning Of Key Player In Asia Pacific Medical equipment maintenance market
Figure 18. Global Medical Equipment Maintenance Market Share By Device Type 2018 & 2027 (%)
Figure 19. Global Electromedical Equipment Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Global Endoscopic Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Global Surgical Instruments Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Global Other Medical Equipment Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Global Medical equipment maintenance Market Share By Service Type 2018 & 2027 (%)
Figure 24. Global Preventive Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Global Corrective Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Global Operational Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 27. Global Medical Equipment Maintenance Market Share by Service Provider 2018 & 2027 (%)
Figure 28. Global Original Equipment Manufacturers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Global Independent Service Organizations Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 30. Global In-House Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. North America Medical equipment maintenance market Revenue Overview, by Country (2018) (US$ Mn)
Figure 32. North America Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 33. North America Medical equipment maintenance MARKET REVENUE And Forecasts to 2027, By Country (%)
Figure 34. US Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 35. Canada Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 36. Mexico Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 37. Europe Medical equipment maintenance market Overview, by Country (2018)
Figure 38. Europe Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 39. Europe Medical equipment maintenance market Revenue and Forecasts to 2027, By Country (%)
Figure 40. UK Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 41. GERMANY Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 42. FRANCE Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 43. ITALY Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 44. SPAIN Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 45. Asia Pacific Medical Equipment Maintenance Market Revenue Overview, By Country, 2018 (US$ Mn)
Figure 46. Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 47. Asia Pacific Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Country (%)
Figure 48. Japan Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 49. China Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 50. India Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 51. South Korea Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 52. Australia Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 53. Middle East & Africa Medical Equipment Maintenance Market revenue Overview, by Country (2018) (US$ Mn)
Figure 54. Middle East & Africa Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 55. Middle East & Africa Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Country (%)
Figure 56. UAE Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 57. Saudi Arabia Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 58. South Africa Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 59. South and Central America Medical Equipment Maintenance Market Revenue Overview, by Country, 2018 (US$ Mn)
Figure 60. South and Central America Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 61. South and Central America Medical Equipment Maintenance Market Revenue And Forecasts to 2027, By Country (%)
Figure 62. Brazil Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 63. Argentina Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 64. Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019
The List of Companie - Medical Equipment Maintenance Market
- Stryker
- Boston Scientific
- Medtronic
- Edward Lifesciences
- Johnson & Johnson
- Abbott Laboratories
- Terumo Corporation
- B. Braun Melsungen Ag
- Aramark Services, Inc.
- Althea
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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