With the growing demand for medical devices, the medical equipment maintenance market is expected to reach $49 billion according to Business Research Company’s Global Medical Equipment Maintenance Market Report 2022

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TBRC Market research report covers Medical Equipment Maintenance market size, Medical Equipment Maintenance market forecast, Top Medical Equipment Maintenance companies and their market share, Key strategies to undertake, etc.

LONDON, 15 Feb. 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the medical equipment maintenance market, the increase in demand for medical devices is contributing significantly to the growth of the equipment maintenance market. medical. Medical devices are instruments, machines and appliances used for medical purposes to prevent, diagnose or treat disease. The growing demand for medical devices requires efficient medical equipment maintenance services to reduce shipping costs, minimize patient dissatisfaction, ensure prompt patient treatment, and reduce fatalities and risks during patient care.

For example, according to reports from the International Trade Administration and the United States Department of Commerce, the total production of medical devices and equipment in India reached $4.4 billion in 2020, which is an increase from the 2.3 billion USD in 2019. Hence, increasing demand for medical devices is expected to propel the growth of the medical equipment maintenance market.

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The size of the global healthcare equipment maintenance market is expected to grow from $28.14 billion in 2021 to $32.35 billion in 2022 at a compound annual growth rate (CAGR) of 15%. The market growth is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing , remote working and closing business activities. which resulted in operational difficulties. The Medical Equipment Maintenance Market is Expected to Reach $49.20 billion in 2026 at 11.1% CAGR.

Strategic partnerships and collaborations shape the medical equipment maintenance market. For example, in February 2021, Siemens Healthineers, a Germany-based medical technology company, and Kantonsspital Baden (KSB), a Switzerland-based hospital, formed an eight-year technology and strategic partnership. This partnership aims to help Kantonsspital Baden develop its capabilities, optimize business processes and drive innovation forward. This includes maintenance of medical imaging systems, technology needs and capability assessment, holistic technology management, process optimization, expansion of telemedicine solutions, and certified employee training programs. Additionally, in March 2021, Agiliti, a US-based medical equipment management company, acquired Northfield Medical, a US-based company that provides surgical instrument repair and maintenance services, to $475 million. With this acquisition, Northfield Medical now offers medical device care and repairs on surgical instruments, endoscopes and other operating room equipment.

Major players in the medical equipment market are GE Healthcare, Siemens Healthineers, Koninklijke Philips NV, Medtronic Plc., FUJIFILM Holdings Corporation, Canon Inc., Carestream Health Inc., Dräger, Toshiba International Corporation, Althea Group, Olympus Corporation, B. Braun Melsungen AG, KARL STORZ GmbH & Co. KG, Aramark Services Inc. and Johnson & Johnson.

The global medical equipment maintenance market is segmented by type of service into preventive maintenance, corrective maintenance, operational maintenance; per device in imaging equipment, endoscopic devices, surgical instruments, electrical medical equipment; by technology in multi-vendor OEMs, single-vendor OEMs, independent service organization, in-house maintenance; by the end user in hospitals, diagnostic imaging centers, dialysis centers, outpatient surgery centers, dental clinics and specialty clinics, etc.

In 2021, North America was the greater region in the medical equipment maintenance market. Asia Pacific should be the fastest growing region in the forecast period. Regions covered in TBRC Medical Equipment Maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Global Medical Equipment Maintenance Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026 is part of a series of new reports from The Business Research Company which provide Medical Equipment Maintenance market overviews, analyze and forecast market size and growth for overall market, Medical Equipment Maintenance market segments and geographies, trends Medical Equipment Maintenance Market, Medical Equipment Maintenance Market Drivers, Medical Equipment Maintenance Market Restraints, Medical Equipment Maintenance Market Revenue, profiles and market shares of key competitors in over 1,000 industry reports, covering over 2,500 market segments and 60 geographies.

The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.

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