The Global medical equipment maintenance market is estimated to be valued at US$ 50.79 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Medical Equipment Maintenance Market Demand are Koninklijke Philips N.V., Medtronic, GE Healthcare, B. Braun Melsungen AG, Althea Group, Siemens Healthineers, Agiliti, Sodexo Healthcare, Crothall Healthcare, ISS Solutions, Inc., TriMedx, Avante, TRIMED Healthcare, NovaMed Corporation, DiaMedical USA Equipment LLC, Aramark, Stryker, Medigas, RENOVO Solutions, and Steris plc.
The key opportunities in the market include increased investments by hospitals to upgrade medical infrastructure and growing demand for outsourced maintenance from ambulatory surgical centers and smaller clinics. Additionally, the development of value-added services like telemedicine support and equipment usage analytics provides new revenue streams for service providers.
Globally, the market is witnessing strong growth across emerging regions like Asia Pacific, Latin America and Middle East & Africa attributed to rising medical expenditures, increasing access to healthcare and expanding network of healthcare facilities in these countries. Meanwhile, developed countries are also supporting market growth through large replacement cycles.
Market Drivers
The emergence of evidence-based maintenance approaches focusing on preventive care through periodic servicing and component replacement is one of the major market drivers. Such practices help minimize equipment downtime and reduce long-term maintenance costs substantially. Furthermore, the shift towards performance-based contracts that link payments to uptime guarantees is encouraging service providers to optimize maintenance programs. Lastly, the growing internet-of-things applications in the healthcare industry allows real-time equipment monitoring and predictive maintenance analysis, enabled by integration of medical devices with advanced analytics platforms. This is expected to transform the market landscape in the coming years.
https://www.ukwebwire.com/medical-equipment-maintenance-market-forecasts-and-share-analysis/
