Lucintel Forecasts Medical Equipment Maintenance Market To Reach $58 Billion By 2028

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According to the recent study the medical equipment maintenance market is projected to reach an estimated $58 billion by 2028 from $31.4 billion in 2022, at a CAGR of 10.7% from 2023 to 2028. Growth in this market is primarily driven by growth in the demand for medical equipment, increasing focus on preventive maintenance, and a wide acceptance of refurbished medical equipment.
Browse 132 figures / charts and 118 tables in this 211-page report to understand trends, opportunities and forecast in medical equipment maintenance market by device type (imaging equipment (advanced imaging modalities and primary imaging modalities), endoscopic device, surgical instruments, electromedical equipment, and others), service type (preventive maintenance, corrective maintenance, and operational maintenance), service provider (original equipment manufacturers (OEMs) (multi-vendor OEMs and single-vendor OEMs), independent service organizations (ISOs), and in-house maintenance), end user (public sector organizations and private sector organizations), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Preventive maintenance market is expected to remain the largest segment during the forecast period.”
Based on service type, the medical equipment maintenance market is segmented into preventive maintenance, corrective maintenance, and operational maintenance. Lucintel forecasts that the preventive maintenance market is expected to remain the largest segment due to regular maintenance services ensure safe, efficient, and long lasting use of medical devices.
“Within the medical equipment maintenance market, the imaging equipment segment is expected to remain the largest device type.”
Based on device type the imaging equipment segment is expected to witness the highest growth over the forecast period due to high replacement costs and the need for ensuring maximum equipment uptime.
“North America will dominate the medical equipment maintenance market in near future.”
North America will remain the largest region over the forecast period due to high adoption of advanced technology, well-established healthcare infrastructure, and growing medical device market in this region.
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Major players of medical equipment maintenance market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. GE Healthcare, Siemens Healthineers, Koninklijke Philips, Stryker, Canon, Fujifilm, Hitachi, Shimadzu, Alliance Medical Group, Althea Group are among the major medical equipment maintenance providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/medical-equipment-maintenance-market.aspx or helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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