Medical Equipment Maintenance Market Share, Size, Trends, Industry Analysis Report, By Service Type (Corrective Maintenance, Preventive Maintenance, Operational Maintenance); By Equipment; By End User; By Region; Segment Forecast, 2024- 2032

Medical Equipment Maintenance Market Share, Size, Trends, Industry Analysis Report, By Service Type (Corrective Maintenance, Preventive Maintenance, Operational Maintenance); By Equipment; By End User; By Region; Segment Forecast, 2024- 2032



The global medical equipment maintenance market size is expected to reach USD 118.08 billion by 2032, according to a new study by Polaris Market Research. The report “Medical Equipment Maintenance Market Share, Size, Trends, Industry Analysis Report, By Service Type (Corrective Maintenance, Preventive Maintenance, Operational Maintenance); By Equipment; By End User; By Region; Segment Forecast, 2024- 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Asia-Pacific region is poised for substantial growth during the forecast period. Governments in this area are making significant investments in healthcare infrastructure and services. These investments frequently involve the acquisition of medical equipment for public healthcare institutions, typically accompanied by maintenance contracts, which are propelling market expansion. Additionally, numerous countries in the Asia-Pacific region have become appealing hubs for medical tourism. To cater to international patients, these nations must uphold elevated healthcare standards, which encompass the diligent maintenance of medical equipment.

The adoption of preventive maintenance practices is gaining prominence. Preventive maintenance involves regular, scheduled servicing to proactively address issues before they become critical, minimizing costly equipment breakdowns and enhancing the longevity of expensive medical devices. Scheduled servicing and inspections help in identifying and rectifying potential issues before they escalate into costly equipment breakdowns, reducing operational disruptions.

The integration of remote monitoring and Internet of Things (IoT) technology in medical equipment is revolutionizing maintenance practices. It allows for proactive, real-time monitoring, diagnostics, and predictive maintenance, ensuring seamless equipment performance and minimizing downtime. Many healthcare facilities and organizations prefer to outsource their equipment maintenance to specialized third-party service providers. This approach ensures access to expert technicians and resources, driving the growth of the medical equipment maintenance service sector.

Data analytics and artificial intelligence (AI) are increasingly applied to optimize maintenance schedules and identify maintenance trends. These technologies offer opportunities for more efficient maintenance operations, as they can predict equipment issues and improve maintenance efficiency.

Medical Equipment Maintenance, Market Report Highlights

Corrective maintenance accounted for significant market share in 2022, which is mainly driven by greater need for issue rectification and downtime mitigation

Imaging equipment accounted for significant market share in 2022, which is mainly driven by diagnosis precision and patient care, regulatory conformance, and downtime mitigation

Hospitals segment held the maximum market revenue share in 2022, mainly due to regulatory standards and guidelines, diverse equipment portfolio, and patient safety emphasis

North America region dominated the market with majority share in 2022, owing to adoption of advanced healthcare technology, regulatory compliance, aging equipment, and focus on patient safety

The global key market players include B. Braun Melsungen AG, GE Healthcare, Hitachi Healthcare, Koninklijke Philips N.V., Siemens Healthineers, and Althea Group among others

Polaris Market Research has segmented the Medical Equipment Maintenance market report based on service type, equipment, end user, and region:

Medical Equipment Maintenance, Service Type Outlook (Revenue - USD Billion, 2019 - 2032)

Corrective Maintenance

Preventive Maintenance

Operational Maintenance

Medical Equipment Maintenance, Equipment Outlook (Revenue - USD Billion, 2019 - 2032)

Surgical Instruments

Imaging Equipment

Endoscopic Equipment

Electromedical Equipment

Others

Medical Equipment Maintenance, End User Outlook (Revenue - USD Billion, 2019 - 2032)

Hospitals

Diagnostic Centers

Ambulatory Centers

Others

Medical Equipment Maintenance, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Medical Equipment Maintenance Market Insights
4.1. Medical Equipment Maintenance Market – End User Snapshot
4.2. Medical Equipment Maintenance Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Greater focus on patient safety
4.2.1.2. Aging medical equipment
4.2.2. Restraints and Challenges
4.2.2.1. Budget Constraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Medical Equipment Maintenance Market End User Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Medical Equipment Maintenance Market, by Equipment
5.1. Key Findings
5.2. Introduction
5.2.1. Global Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
5.3. Surgical Instruments
5.3.1. Global Medical Equipment Maintenance Market, by Surgical Instruments, by Region, 2019-2032 (USD Billion)
5.4. Imaging Equipment
5.4.1. Global Medical Equipment Maintenance Market, by Imaging Equipment, by Region, 2019-2032 (USD Billion)
5.5. Endoscopic Equipment
5.5.1. Global Medical Equipment Maintenance Market, by Endoscopic Equipment, by Region, 2019-2032 (USD Billion)
5.6. Electromedical Equipment
5.6.1. Global Medical Equipment Maintenance Market, by Electromedical Equipment, by Region, 2019-2032 (USD Billion)
5.7. Others
5.7.1. Global Medical Equipment Maintenance Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Medical Equipment Maintenance Market, by Service Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
6.3. Corrective Maintenance
6.3.1. Global Medical Equipment Maintenance Market, by Corrective Maintenance, by Region, 2019-2032 (USD Billion)
6.4. Preventive Maintenance
6.4.1. Global Medical Equipment Maintenance Market, by Preventive Maintenance, by Region, 2019-2032 (USD Billion)
6.5. Operational Maintenance
6.5.1. Global Medical Equipment Maintenance Market, by Operational Maintenance, by Region, 2019-2032 (USD Billion)
7. Global Medical Equipment Maintenance Market, by End User
7.1. Key Findings
7.2. Introduction
7.2.1. Global Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
7.3. Hospitals
7.3.1. Global Medical Equipment Maintenance Market, by Hospitals, By Region, 2019-2032 (USD Billion)
7.4. Diagnostic Centers
7.4.1. Global Medical Equipment Maintenance Market, by Diagnostic Centers, By Region, 2019-2032 (USD Billion)
7.5. Ambulatory Centers
7.5.1. Global Medical Equipment Maintenance Market, by Ambulatory Centers, By Region, 2019-2032 (USD Billion)
7.6. Others
7.6.1. Global Medical Equipment Maintenance Market, by Others, By Region, 2019-2032 (USD Billion)
8. Global Medical Equipment Maintenance Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Medical Equipment Maintenance Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Medical Equipment Maintenance Market – North America
8.3.1. North America: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.3.2. North America: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.3.3. North America: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.3.4. Medical Equipment Maintenance Market – U.S.
8.3.4.1. U.S.: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.3.5. Medical Equipment Maintenance Market – Canada
8.3.5.1. Canada: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.3.5.3. Canada: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.4. Medical Equipment Maintenance Market – Europe
8.4.1. Europe: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.4.2. Europe.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.4.3. Europe: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.4.4. Medical Equipment Maintenance Market – UK
8.4.4.1. UK: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.4.4.2. UK.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.4.4.3. UK: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.4.5. Medical Equipment Maintenance Market – France
8.4.5.1. France: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.4.5.2. France.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.4.5.3. France: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.4.6. Medical Equipment Maintenance Market – Germany
8.4.6.1. Germany: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.4.6.3. Germany: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.4.7. Medical Equipment Maintenance Market – Italy
8.4.7.1. Italy: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.4.7.3. Italy: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.4.8. Medical Equipment Maintenance Market – Spain
8.4.8.1. Spain: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.4.8.3. Spain: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.4.9. Medical Equipment Maintenance Market – Netherlands
8.4.9.1. Netherlands: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.4.10. Medical Equipment Maintenance Market – Russia
8.4.10.1. Russia: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.4.10.3. Russia: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.5. Medical Equipment Maintenance Market – Asia Pacific
8.5.1. Asia Pacific: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.5.4. Medical Equipment Maintenance Market – China
8.5.4.1. China: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.5.4.2. China.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.5.4.3. China: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.5.5. Medical Equipment Maintenance Market – India
8.5.5.1. India: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.5.5.2. India.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.5.5.3. India: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.5.6. Medical Equipment Maintenance Market – Malaysia
8.5.6.1. Malaysia: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.5.7. Medical Equipment Maintenance Market – Japan
8.5.7.1. Japan: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.5.7.3. Japan: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.5.8. Medical Equipment Maintenance Market – Indonesia
8.5.8.1. Indonesia: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.5.9. Medical Equipment Maintenance Market – South Korea
8.5.9.1. South Korea: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.6. Medical Equipment Maintenance Market – Middle East & Africa
8.6.1. Middle East & Africa: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.6.4. Medical Equipment Maintenance Market – Saudi Arabia
8.6.4.1. Saudi Arabia: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.6.5. Medical Equipment Maintenance Market – UAE
8.6.5.1. UAE: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.6.5.3. UAE: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.6.6. Medical Equipment Maintenance Market – Israel
8.6.6.1. Israel: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.6.6.3. Israel: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.6.7. Medical Equipment Maintenance Market – South Africa
8.6.7.1. South Africa: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.7. Medical Equipment Maintenance Market – Latin America
8.7.1. Latin America: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.7.2. Latin America.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.7.3. Latin America: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.7.4. Medical Equipment Maintenance Market – Mexico
8.7.4.1. Mexico: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.7.5. Medical Equipment Maintenance Market – Brazil
8.7.5.1. Brazil: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
8.7.6. Medical Equipment Maintenance Market – Argentina
8.7.6.1. Argentina: Medical Equipment Maintenance Market, by Equipment, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Medical Equipment Maintenance Market, by End User, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Medical Equipment Maintenance Market, by Service Type, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Agiliti
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Alliance Medical Group
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. Althea Group
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Aramark
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Avensys UK Group
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. B. Braun Melsungen AG
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. BC Technical, Inc.
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Dragerwerk AG & Co. KGaA
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. Elekta AB
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. GE Healthcare
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Hitachi Healthcare
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. Koninklijke Philips N.V.
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. Medtronic
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Siemens Healthineers
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. STERIS plc
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development

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