The Medical Equipment Maintenance Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Medical Equipment Maintenance Global Market Report 2024, the medical equipment maintenance market has experienced significant growth in recent years, with a projected increase from $36.47 billion in 2024 to $40.92 billion in 2024, showcasing a compound annual growth rate (CAGR) of 12.2%. This growth trajectory is primarily attributed to factors such as heightened equipment complexity, augmented healthcare expenditure, a concerted focus on preventive maintenance, the emergence of specialized service providers, and escalating concerns regarding quality assurance and patient safety.

Forecasts indicate a continued surge in the medical equipment maintenance market, with expectations to reach $64.09 billion by 2028, reflecting a CAGR of 11.9%. This anticipated expansion in the market can be ascribed to the integration of predictive analytics, ongoing initiatives for training and skill enhancement, the promotion of extended equipment lifespan, a steadfast emphasis on patient welfare and superior healthcare delivery, and an escalating demand for specialized service providers. Noteworthy trends in the forecast period encompass the proliferation of telehealth services, an amplified emphasis on environmental sustainability, the outsourcing of maintenance services, a notable shift towards preventive maintenance strategies, and the adoption of remote monitoring solutions.

The increase in demand for medical devices is significantly contributing to the growth of the medical equipment maintenance market. Medical devices are instruments, machines, and apparatus that are used for medical purposes to prevent, diagnose, or treat diseases. The rising demand for medical devices requires effective medical equipment maintenance services to lower dispatch costs, minimize patient dissatisfaction, ensure prompt patient treatment, and lower fatality and risk during patient care. For instance, according to the International Trade Administration and U.S. Department of Commerce report, the total production of medical devices and equipment in India reached $4,473 million in 2020, which is an increase compared to $2,390 million in 2019. Therefore, the increase in demand for medical devices is expected to propel the growth of the medical equipment maintenance market going forward.

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The medical equipment maintenance market covered in this report is segmented –
1) By Service Type: Preventive Maintenance, Corrective Maintenance, Operational Maintenance
2) By Device: Imaging Equipment, Endoscopic Devices, Surgical Instruments, Electro-medical Equipment
3) By Technology: Multi-Vendor OEMs, Single-Vendor OEMs, Independent Service Organization, In-House Maintenance
4) By End User: Hospital, Diagnostic Imaging Centers, Dialysis Centers, Ambulatory Surgical Centers, Dental Clinics And Specialty Clinics, Other End Users

Leading enterprises in the medical equipment maintenance sector are actively pursuing innovative initiatives, such as the establishment of dedicated medical equipment service centers, to bolster healthcare systems worldwide. A medical equipment service center serves as a specialized facility devoted to the upkeep, repair, and calibration of medical devices and equipment. For instance, in July 2022, B. Braun, a prominent US-based entity renowned for its expertise in smart infusion therapy and pharmacy products, inaugurated the Technical Service Center aimed at delivering top-notch medical equipment repair and maintenance services. Staffed by a team of seasoned engineers adept at servicing the company's entire range of medical equipment, the B. Braun Technical Service Center prioritizes the use of authentic B. Braun parts to ensure the highest standards of repair quality.

The medical equipment maintenance market report table of contents includes:
1. Executive Summary
2. Medical Equipment Maintenance Market Characteristics
3. Medical Equipment Maintenance Market Trends And Strategies
4. Medical Equipment Maintenance Market - Macro Economic Scenario
5. Global Medical Equipment Maintenance Market Size and Growth

....

32. Global Medical Equipment Maintenance Market Competitive Benchmarking
33. Global Medical Equipment Maintenance Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Medical Equipment Maintenance Market
35. Medical Equipment Maintenance Market Future Outlook and Potential Analysis
36. Appendix

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