At $11,072, the per capita healthcare expenditure of the U.S. was the highest in the world in 2019, as per the Organisation for Economic Co-operation and Development (OECD). The expenditure includes all the spending on constructing healthcare centers, procuring equipment, and hiring staff, as well as offering medical services in the form of diagnosis, treatments, and medicines. Apart from this, a significant portion of the spending is done for the regular maintenance of medical equipment in the country.

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This is necessary as medical devices are used on numerous patients throughout the day and the larger pieces of equipment work almost nonstop. Being however advanced as they are, they are still machines, thus are prone to malfunctioning. As a result of all these factors, the U.S. medical equipment maintenance market revenue, which stood at $8,262.2 million in 2019, will increase to $21,358.3 million by 2030, at a 9.2% CAGR between 2020 and 2030.

And, it is not just the rising awareness of the healthcare fraternity on such issues that is driving medical equipment maintenance activities in the country but also the stringent regulations of the government. The Joint Commission (TJC), Det Norske Veritas (DNV), Healthcare Facilities Accreditation Program (HFAP), United States Food and Drug Administration (USFDA), state departments of health, and Centers for Medicare and Medicaid Services (CMS) mandate compliance with medical equipment maintenance guidelines.

As per P&S Intelligence, the largest contributor to the U.S. medical equipment maintenance market is Texas, on account of the large number of medical centers here and its high healthcare spending. Since over 80% of its healthcare spending is done by the Texas Department of Aging and Disability Services (DADS), Texas Health and Human Services Commission (HHSC), Texas Department of State Health Services (DSHS), Teacher Retirement System (TRS), and Employees Retirement System (ERS), hospitals and other facilities here can easily afford the expensive medical equipment maintenance services.

Hence, with the growing awareness on the preventive maintenance of medical devices and the stringent U.S. government rules in this regard, OEMs and ISOs are expected to win more service contracts in the coming years.

Medical Equipment Maintenance Market is estimated to value over USD 47 billion by 2027 end and register a CAGR of over 9.4% during the forecast period 2020 to 2027.

The report initiates from the outline of business surroundings and explains the commercial summary of chain structure. Moreover, it analyses forecast by type, by service, by service provider and by region and Medical Equipment Maintenance Market Trends.

Additionally, this report illustrates the corporate profiles and situation of competitive landscape amongst numerous associated corporations including the analysis of market evaluation and options associated with the worth chain. This report provides valuable insights on the general market profit through a profit graph, an in depth SWOT analysis of the market trends along side the regional proliferation of this business vertical.

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Market Segmentation:

This Market is divided By Type, By Service, By Service Provider and By Region.

Regionally, the worldwide Medical Equipment Maintenance Market is fragmented as North America, Europe, Asia Pacific and also the rest of the world.

Key Market Players:

Major market players enclosed within this market are  GE Healthcare (A General Electric Company), Siemens Healthineers (A Division of Siemens AG), Koninklijke Philips N.V., Canon Inc., FUJIFILM Holdings Corporation, Aramark Services, Inc., Althea (Previously Pantheon Healthcare Group, A Part of Permira Group), Drägerwerk AG & Co. KGaA, Agfa-Gevaert Group,B. Braun Melsungen AG, Carestream Health, Inc. (Subsidiary of Onex Corporation), Olympus Corporation, Bc Technical, Inc. (Part of Alpha Source Group), Hitachi Medical Corporation (Hitachi, Ltd.) and Karl Storz GmbH & Co. Kg.

(Note: The list of the key players are going to be updated with the most recent market scenario and trends)

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FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key trends
• Key data-points touching market growth

Competitive Landscape:

• Tier 1 players- well-established companies in the market accounting a major market share  
• Tier 2 players 
• Rapidly growing players
• New Entrants

Objectives of the Study:

• To offer with an complete analysis on the Medical Equipment Maintenance Market by type, by service, by service provider and by region.
• To cater comprehensive data on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To measure and forecast micro-markets and also the overall market
• To predict the market size, in key regions — North America, Europe, Asia Pacific and rest of the world
• To record and evaluate the competitive landscape mapping - product launches, technological advancements, mergers and expansions

Browse Corresponding Healthcare Research Reports& Consulting

• Barrier packaging marketis expected to register a CAGR of 5.2% during the forecast period of 2020-2027 with a market value over USD 13 billion by 2027 end.
• Anti-Microbial Packaging Market is a specific kind of packaging method created in order to protect the products from microbial action. The exposure to any kind of microorganisms is prohibited thus preventing damage to the goods.

Flexible Delivery Model:

• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization services offered are free of charge with purchase of any license of the report.
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

About FutureWise Research:

We specialize in high-growth niche market research, assuring flexibility, agility and customized solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.

Company Name: FutureWise Research

Contact Person:  VinayThaploo

Email: sales@futurewiseresearch.com

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Website: www.futurewiseresearch.com

Medical Equipment Maintenance Market is estimated to value over USD 47 billion by 2027 end and register a CAGR of over 9.4% during the forecast period 2020 to 2027.

The report initiates from the outline of business surroundings and explains the commercial summary of chain structure. Moreover, it analyses forecast by type, by service, by service provider and by region and Medical Equipment Maintenance Market Trends.

Additionally, this report illustrates the corporate profiles and situation of competitive landscape amongst numerous associated corporations including the analysis of market evaluation and options associated with the worth chain. This report provides valuable insights on the general market profit through a profit graph, an in depth SWOT analysis of the market trends along side the regional proliferation of this business vertical.

Request a Sample Report @ https://www.futurewiseresearch.com/request-sample.aspx?id=2351&page=requestsample

Market Segmentation:

This Market is divided By Type, By Service, By Service Provider and By Region.

Regionally, the worldwide Medical Equipment Maintenance Market is fragmented as North America, Europe, Asia Pacific and also the rest of the world.

Key Market Players:

Major market players enclosed within this market are  GE Healthcare (A General Electric Company), Siemens Healthineers (A Division of Siemens AG), Koninklijke Philips N.V., Canon Inc., FUJIFILM Holdings Corporation, Aramark Services, Inc., Althea (Previously Pantheon Healthcare Group, A Part of Permira Group), Drägerwerk AG & Co. KGaA, Agfa-Gevaert Group,B. Braun Melsungen AG, Carestream Health, Inc. (Subsidiary of Onex Corporation), Olympus Corporation, Bc Technical, Inc. (Part of Alpha Source Group), Hitachi Medical Corporation (Hitachi, Ltd.) and Karl Storz GmbH & Co. Kg.

(Note: The list of the key players are going to be updated with the most recent market scenario and trends)

Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=2351&page=askfordiscount

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key trends
• Key data-points touching market growth

Competitive Landscape:

• Tier 1 players- well-established companies in the market accounting a major market share  
• Tier 2 players 
• Rapidly growing players
• New Entrants

Objectives of the Study:

• To offer with an complete analysis on the Medical Equipment Maintenance Market by type, by service, by service provider and by region.
• To cater comprehensive data on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To measure and forecast micro-markets and also the overall market
• To predict the market size, in key regions — North America, Europe, Asia Pacific and rest of the world
• To record and evaluate the competitive landscape mapping - product launches, technological advancements, mergers and expansions

Browse Corresponding Healthcare Research Reports& Consulting

• Antimicrobial Suture Market is forecasted to value over USD xx billion by 2027 end and register a CAGR of xx% from the forecast period 2020-2027.

• Diagnostic Electrocardiograph (ECG) Market is forecasted to value over USD xx billion by 2027 end and register a CAGR of xx% from the forecast period 2020-2027.

Flexible Delivery Model:

• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization services offered are free of charge with purchase of any license of the report.
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

About FutureWise Research:

We specialize in high-growth niche market research, assuring flexibility, agility and customized solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.

Company Name: FutureWise Research

Contact Person:  VinayThaploo

Email: sales@futurewiseresearch.com

Phone: +44 141 628 9353 / +1 347 709 4931

City:  Leeds

Country:  United Kingdom

Website: www.futurewiseresearch.com

Medical Equipment Maintenance Market is estimated to value over USD 47 billion by 2027 end and register a CAGR of over 9.4% during the forecast period 2020 to 2027.

The report initiates from the outline of business surroundings and explains the commercial summary of chain structure. Moreover, it analyses forecast by type, by service, by service provider and by region and Medical Equipment Maintenance Market Trends.

Additionally, this report illustrates the corporate profiles and situation of competitive landscape amongst numerous associated corporations including the analysis of market evaluation and options associated with the worth chain. This report provides valuable insights on the general market profit through a profit graph, an in depth SWOT analysis of the market trends along side the regional proliferation of this business vertical.

Request a Sample Report @ https://www.futurewiseresearch.com/request-sample.aspx?id=2351&page=requestsample

Market Segmentation:

This Market is divided By Type, By Service, By Service Provider and By Region.

Regionally, the worldwide Medical Equipment Maintenance Market is fragmented as North America, Europe, Asia Pacific and also the rest of the world.

Key Market Players:

Major market players enclosed within this market are  GE Healthcare (A General Electric Company), Siemens Healthineers (A Division of Siemens AG), Koninklijke Philips N.V., Canon Inc., FUJIFILM Holdings Corporation, Aramark Services, Inc., Althea (Previously Pantheon Healthcare Group, A Part of Permira Group), Drägerwerk AG & Co. KGaA, Agfa-Gevaert Group,B. Braun Melsungen AG, Carestream Health, Inc. (Subsidiary of Onex Corporation), Olympus Corporation, Bc Technical, Inc. (Part of Alpha Source Group), Hitachi Medical Corporation (Hitachi, Ltd.) and Karl Storz GmbH & Co. Kg.

(Note: The list of the key players are going to be updated with the most recent market scenario and trends)

Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=2351&page=askfordiscount

FutureWise Key Takeaways:

• Growth prospects
• SWOT analysis
• Key trends
• Key data-points touching market growth

Competitive Landscape:

• Tier 1 players- well-established companies in the market accounting a major market share  
• Tier 2 players 
• Rapidly growing players
• New Entrants

Objectives of the Study:

• To offer with an complete analysis on the Medical Equipment Maintenance Market by type, by service, by service provider and by region.
• To cater comprehensive data on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To measure and forecast micro-markets and also the overall market
• To predict the market size, in key regions — North America, Europe, Asia Pacific and rest of the world
• To record and evaluate the competitive landscape mapping - product launches, technological advancements, mergers and expansions

Browse Corresponding Healthcare Research Reports& Consulting

• Bioresorbable Stent Market is forecasted to value over USD 0.7 billion by 2027 end and register a CAGR of 12% from the forecast period 2020-2027.

• Blepharitis-Pipeline Market is forecasted to value over USD xx billion by 2027 end and register a CAGR of xx% from the forecast period 2020-2027.

Flexible Delivery Model:

• We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
• The customization services offered are free of charge with purchase of any license of the report.
• You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com

About FutureWise Research:

We specialize in high-growth niche market research, assuring flexibility, agility and customized solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future.

Company Name: FutureWise Research

Contact Person:  VinayThaploo

Email: sales@futurewiseresearch.com

Phone: +44 141 628 9353 / +1 347 709 4931

City:  Leeds

Country:  United Kingdom

Website: www.futurewiseresearch.com

Recent Developments in the Global Industry:

# In 2018, Koninklijke Philips N.V. (Netherlands) signed a partnership agreement with Kliniken der Stadt Köln (Germany) to provide continuous modernization and maintenance of imaging systems

# In 2018, Koninklijke Philips N.V. (Netherlands) signed a partnership agreement with Städtische Klinikum München (Germany) to provide medical imaging solutions which include healthcare consultancy services

# In 2016, Biomedical Srl sugned an agreement with ASST Orobica (Spain) for provision of integrated services for the management and maintenance of healthcare devices and equipment

Critical questions the report answers:

# Where will all these developments take the industry in the long term?
# What are the upcoming trends for the medical equipment repair market?
# Which segment provides the most opportunity for growth?
# Who are the leading vendors operating in this market?
# What are the opportunities for new market entrants?

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Factors Influencing Global Growth:-

The major factors that are expected to be driving the medical equipment repair market are rising focus on preventive medical equipment maintenance, growth in associated equipment markets, adoption of innovative funding mechanisms, and the increasing purchase of refurbished medical equipment.

Restraints:
# High Initial Cost and Significant Maintenance Expenditure

Opportunities:
# Innovation in Service Offerings and Use of IoT
# Emergence of ISOs

Challenges:
# Survival of Players in a Highly Fragmented and Competitive Market

The objective of This Study:

# To define, describe, and forecast the medical equipment repair market size based on device type (imaging equipment, Electromedical Equipment, Endoscopic Devices, Surgical Instruments, and Other Medical Equipment), service type, service provider, end user, and region.

Monetary Growth Expectations, Globally:

According to the Research Study conducted by MarketsandMarkets™: The Medical Equipment Maintenance Market is expected to reach USD 74.1 billion by 2027 from USD 28.9 billion in 2018, at a CAGR of 10.4% during the forecast period.

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Geographical Growth Scenario:

North America is expected to lead the medical equipment maintenance market in 2023

On the basis of the region, the medical equipment maintenance market is segmented into North America, Europe, Asia, and the RoW. In 2018, North America is expected to account for the largest share of the market, followed by Europe, The largest share of the North American market is attributed to the factors such as the rise in aging population and incidence of lifestyle-related diseases, access to quality healthcare, well-established healthcare infrastructure, high adoption of advanced technology, and the presence of prominent players.

In 2018, Europe is expected to hold the second-largest share. Factors such as expanding patient population, rising focus on early diagnosis, growing number of diagnostic imaging procedures, and strategic agreements, partnerships, and collaborations between service providers and end users are expected to fuel market growth in this region.

Leading Market Players:

# GE Healthcare (US)
# Koninklijke Philips N.V. (Netherlands)
# Siemens Healthineers (Germany)
# Toshiba Medical Systems Europe (Germany)
# FUJIFILM Holdings Corporation (Japan)
# Carestream Health, Inc. (U.S.) and many more…

The medical equipment maintenance market is highly fragmented in nature, with several big as well as emerging players vying for market shares.

These players have adopted various strategies, such as partnerships, agreements, collaborations, and product launches to further expand their presence in the global medical equipment maintenance market. Partnerships, collaborations, and agreements have been the key growth strategies adopted during 2016 to 2018, by players such as Hitachi, Ltd. (Japan), Medtronic plc (Ireland), and Althea Group (Italy).

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