Emerging Trends:
Rise of Predictive Maintenance: Predictive maintenance is becoming increasingly popular in the global medical equipment maintenance market due to its ability to predict potential failures in medical equipment before they occur. This helps medical facilities reduce downtime and increase efficiency.
Growing Demand for Remote Maintenance Services: Remote maintenance services are becoming more popular as they provide medical facilities with the ability to access medical equipment maintenance services without having an on-site technician. This reduces costs and allows medical facilities to respond quickly to medical equipment breakdowns.
Increase in Automation: Automation is becoming an increasingly important part of medical equipment maintenance as it allows medical facilities to reduce labor costs and increase efficiency. Automation also increases the accuracy and reliability of medical equipment maintenance processes.
Growing Adoption of Cloud-Based Solutions: Cloud-based solutions are becoming increasingly popular in the global medical equipment maintenance market as they allow medical facilities to access maintenance services from anywhere in the world. This reduces costs and allows medical facilities to respond quickly to medical equipment breakdowns.
Increasing Use of AI Analytics: AI and analytics are becoming increasingly important in the global medical equipment maintenance market as they allow medical facilities to monitor and analyze medical equipment performance in real-time. This helps medical facilities identify potential problems before they occur and reduce downtime.
Projected Revenue Surge in Near Future:
The global Medical Equipment Maintenance Market in terms of revenue was estimated to be worth $45.2 billion in 2021 and is poised to reach $74.2 billion by 2026, growing at a CAGR of 10.4% from 2021 to 2026.
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Market Growth Drivers
# Growth in the associated equipment markets
# Rising focus on preventive medical equipment maintenance
# Adoption of innovative funding mechanisms
# Increasing purchase of refurbished medical systems
Market Growth Opportunities
# Innovation in service offerings and use of IoT
# Emergence of ISOs
# Emerging markets across Central and Eastern Europe and APAC
Market Trends
# Preference for multi-vendor contracts
# Consolidation of dialysis centers and hospitals
# Managed equipment service providers and group purchasing
# Equipment maintenance insurance tools for imaging centers
The prominent players operating in the medical equipment maintenance market are GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), and FUJIFILM Holdings Corporation (Japan).
GE Healthcare (US) held the leading position in the medical equipment maintenance market in 2020. The company’s service portfolio includes a wide range of medical equipment services through which it caters to the demand of various end users, including hospitals, ambulatory surgical centers, dialysis centers, and dental clinics. The company also offers multi-vendor services associated with diagnostic imaging systems.
Siemens Healthineers (Germany) held the second position in the medical equipment maintenance market in 2020 due to its significant presence in the medical imaging, laboratory diagnostics, medical information technology, and hearing aid sectors. The company focuses on putting maximum efforts into its selected growth fields and prioritizes businesses for resource allocation. Siemens Healthineers also focuses on strengthening its business through partnerships and agreements.
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Recent Developments
In March 2021, FUJIFILM Corporation (Japan) acquired the Diagnostic Imaging-related Business of Hitachi, Ltd. (Japan) to support RD, manufacturing, marketing, and maintenance services for diagnostic imaging systems (CT, MRI, X-ray, ultrasound systems, and others), electronic medical records, and other medical-related products and services.
In February 2021, Siemens Healthineers (Germany) entered into an eight-year technological partnership with Kantonsspital Baden (KSB, Switzerland) for procurement and maintenance of medical imaging systems, technology management, and the expansion of telemedicine solutions.
In December 2019 GE Healthcare (US) signed a six-year service contract for imaging technologies across Affidea’s network in the Netherlands
Content Source:
https://www.marketsandmarkets.com/Market-Reports/medical-equipment-maintenance-market-69695102.html
