Medical Equipment Maintenance Market To Reach USD 131.9 Billion By 2032 | DataHorizzon Research

The medical equipment maintenance market size was valued at USD 55.1 Billion in 2023 and is expected to reach a market size of USD 131.9 Billion by 2032 at a CAGR of 10.2%.

Fort Collins, Colorado, May 14, 2024 (GLOBE NEWSWIRE) —

Maintenance of medical equipment has become a norm in the medical industry.

The medical equipment maintenance market is propelled by two significant factors: the expanding installed base of medical equipment and the aging of existing devices. With healthcare facilities continuously developing and investing in new medical technologies, there is a heightened need for regular maintenance and repair services. The World Health Organization (WHO) forecasts the global medical device market to reach USD 603.5 billion by 2023, indicating a substantial installed base requiring ongoing maintenance. Furthermore, as medical equipment ages, it becomes increasingly susceptible to malfunctions and breakdowns, necessitating frequent servicing to uphold optimal performance and ensure patient safety.

Another crucial driver for the market’s growth is the imposition of stringent regulatory requirements and quality standards governing medical equipment maintenance. Regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) have established comprehensive guidelines and regulations to govern the maintenance and servicing of medical devices, ensuring their safety, efficacy, and reliability. For instance, the FDA’s Quality System Regulation (QSR) mandates that medical device manufacturers establish and maintain a quality system inclusive of equipment maintenance and repair provisions. Non-compliance with these regulations can lead to penalties, product recalls, and damage to reputation, compelling healthcare facilities to prioritize medical equipment maintenance and engage with qualified service providers. 

Request Sample Report: 

https://bit.ly/44CNAEl

Segmentation Overview:

The medical equipment maintenance market has been segmented into type of equipment, service type, end-user, and region.

Hospitals are the leading end-user segment in the forecast period.

  • Hospitals are primary healthcare facilities that house a wide range of medical equipment, including imaging systems, surgical instruments, and life support devices. These devices require regular maintenance to ensure optimal performance and patient safety.

Imaging equipment will lead the equipment type in the forecast period.

  • Imaging equipment, such as magnetic resonance imaging (MRI) machines, computed tomography (CT) scanners, X-ray machines, and ultrasound systems are critical for accurate diagnosis and treatment planning. These devices are widely used across various medical specialties and are essential for the early detection and management of numerous diseases. 

Ask For Discount 

https://bit.ly/3UYvBol

Medical Equipment Maintenance Market Report Highlights:

  • The medical equipment maintenance market growth is anticipated at a CAGR of 10.2% by 2032.
  • The upcoming trends in the Medical Equipment Maintenance market include the increasing adoption of predictive maintenance strategies, the growing use of IoT and AI technologies for remote monitoring and diagnostics, and the rising demand for multi-vendor service contracts.
  • North America currently dominates the Medical Equipment Maintenance market, driven by its well-established healthcare infrastructure, stringent regulatory requirements, and large installed base of advanced medical equipment.
  • Some prominent players in the medical equipment maintenance market report include GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Canon Medical Systems Corporation, Drägerwerk AG & Co. KGaA, Hitachi, Ltd., Althea Group, Agility Health, Inc., BC Technical, Inc., Agenor Mantenimientos, S.A., Crothall Healthcare, and Sodexo. 

Looking Exclusively For Region/Country Specific Report? 

https://bit.ly/3UGsikD

About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

Contact:

Mail: sales@datahorizzonresearch.com

Ph: +1-970-672-0390

Website: https://datahorizzonresearch.com/

Follow Us: LinkedIn 

 

Recent Publications

Drug Discovery Services Market 2024 to 2032

Fetal Bovine Serum Market 2024 to 2032

Behavioral Health Market 2024 to 2032

Life Science Tools Market 2024 to 2032

Life Sciences Market 2024 to 2032

CONTACT: Mail: sales@datahorizzonresearch.com Ph: +1-970-672-0390 Website: https://www.datahorizzonresearch.com 

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. IndiaShorts takes no editorial responsibility for the same.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Cookies Policy