Medical equipment maintenance market size to increase by USD 39.28 billion | North America is set to account for 36% of market growth - Technavio

NEW YORK, Oct. 31, 2023 /PRNewswire/ -- The Medical Equipment Maintenance Market by Type, End-user and Geography - Forecast and Analysis 2023-2027 report has been published by Technavio. Market size is forecast to grow by USD 39.28 billion between 2022 and 2027 at a CAGR of 12.01%. The report includes historic market data from 2017 to 2021. In 2017, the market was valued at USD 34,885.29 million. By region, the global medical equipment maintenance market is segmented into North America, Europe, Asia, and Rest of World (ROW). North America will account for 36% of market growth during the forecast period. Factors such as favorable reimbursement policies, increasing expenditures and initiatives in health care, growing awareness among the general population about chronic diseases and the importance of health, and the rise in the number of product approvals are driving the growth of the medical equipment maintenance market in North America. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF Sample Report

Regional Analysis

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Company Profiles

The medical equipment maintenance market report includes information on the key products and recent developments of leading vendors, including:

• Agfa Gevaert NV - The company offers medical equipment maintenance services through Agfa Service Maintenance.
• Althea Group S.p.A. - The company offers medical equipment maintenance services through Managed Equipment Services.
• Aramark - The company offers medical equipment maintenance services through Aramark Healthcare+.
• B Braun Melsungen AG - The company offers medical equipment maintenance services such as cleaning and sterilization of surgical instruments through AESCULAP Aicon container system.

Market Dynamics

The market is driven by factors such as product innovation and advances leading to portfolio extension and product premiumization, increasing demand for UHD medical equipment maintenance, and rising popularity of large-display medical equipment maintenance. However, the demand-supply gap associated with LCD panels is hindering market growth.

Competitive Analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others. Request a Sample

Market Segmentation

• By type, the market is segmented into healthcare systems, pharmaceutical diagnostics, and others. The healthcare systems segment accounted for the largest share of the market in 2022.
• By geography, the market is segmented into North America, Europe, Asia, and Rest of World (ROW). North America held the largest share of the market in 2022.

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What are the key data covered in this medical equipment maintenance market report?

• CAGR of the market during the forecast period.
• Detailed information on factors that will drive the growth of the market between 2023 and 2027
• Precise estimation of the size of the medical equipment maintenance market and its contribution to the parent market.
• Accurate predictions about upcoming trends and changes in consumer behavior.
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW).
• A thorough analysis of the market's competitive landscape and detailed information about vendors.
• Comprehensive analysis of factors that will challenge the growth of medical equipment maintenance market vendors.

Table of contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-User
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio