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U.S. Medical Equipment Maintenance Market to Reach $9.5 billion by 2023: P&S Intelligence

U.S. Medical Equipment Maintenance Market by Equipment Type (Imaging Equipment [Advanced Imaging Modalities {CT, MRI}, Primary Imaging Modalities {Digital X-Ray, Ultrasound}], Electromedical Equipment, Life Support Equipment, Endoscopes, Surgical Equipment, Dental Equipment), by Service Type (Preventive, Corrective, Operational), by Service Provider (OEMs {Multi-Vendor, Single-Vendor}, ISOs, In-House Maintenance), by End User (Public-Sector Organizations, Private-Sector Organizations) – Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023

NEW YORK, Dec. 10, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, U.S. medical equipment maintenance market is expected to reach $9.5 billion by 2023. This growth is primarily ascribed to the rising healthcare expenditure as a percentage of gross domestic product (GDP), large pool of installed medical devices in hospitals and diagnostic centers, and huge presence of OEMs as well as medical equipment maintenance service providers in the country.

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On the basis of equipment type, the U.S. medical equipment maintenance market has been categorized into imaging, electromedical, life support, surgical, dental equipment, and endoscopes. Among these, imaging equipment is expected to be the fastest growing category, advancing at a CAGR of 11.2% during the forecast period. The high cost of imaging equipment compared to other medical equipment; and increasing adoption of imaging modalities, such as X-Ray, computed tomography (CT), and ultrasound for clinical applications are the key factors contributing to the growth of this category in the U.S.

On the basis of type of modality, the imaging equipment maintenance market has been further categorized into advanced and primary imaging modalities. Advanced imaging modalities are in high demand in the U.S., since most of the healthcare settings in the country invest and incorporate these imaging modalities, such as CT and magnetic resonance imaging (MRI) rather than primary imaging modalities. Furthermore, increasing adoption of equipment with advanced imaging modalities creates high demand for their maintenance.

Browse report overview with 45 tables and 27 figures spread through 109 pages and detailed TOC on "U.S. Medical Equipment Maintenance Market" at: https://www.psmarketresearch.com/market-analysis/u-s-medical-equipment-maintenance-market

Based on service type, the U.S. medical equipment maintenance market has been classified into preventive, corrective, and operational services. Of these, the preventive category is predicted to lead the U.S. market, both in terms of size and growth, during the forecast period. This growth can be attributed to the increasing adoption of the annual maintenance cost (AMC) policies by hospitals and other end users in the country, due to various benefits associated with these policies.

On the basis of service provider, the U.S. medical equipment maintenance market is categorized into original equipment manufacturers (OEMs), independent service organizations (ISOs) and in-house maintenance. Among these, OEMs was the highest revenue generating category in the U.S. market, with more than 70.0% contribution in 2017. This category is further classified as multi-vendor and single-vendor OEMs.

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Some of the key players in the U.S. medical equipment maintenance market are General Electric Company, Siemens AG, Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Shimadzu Corporation, FUJIFILM Holdings Corporation, Hitachi Ltd., Agfa-Gevaert N.V., Canon Medical Systems Corporation, Carestream Health Inc., Signature Medical Services Inc., NovaMed Corporation, Diagnostic Equipment Service Corporation (DESCO), and Agiliti Inc.

More Reports by P&S Intelligence

Medical Equipment Maintenance Market

Geographically, North America is the largest medical equipment maintenance market, with the U.S. being the larger contributor to the regional market, as compared to Canada. The leading position of the North American market is mainly attributable to factors such as presence of many companies providing medical equipment maintenance services, large and growing medical devices industry, and high healthcare expenditure in the region. Presence of various regulatory authorities that have stipulated strict regulations to comply with for hospitals and other healthcare facilities also supports the growth in demand for these services in the North American medical equipment maintenance market.

https://www.psmarketresearch.com/market-analysis/medical-equipment-maintenance-market

Medical Device Outsourcing Market

The APAC medical device outsourcing market is expected to witness the fastest growth in demand and is predicted to grow at a CAGR of around 10.9% during the forecast period, due to the low cost of labor and comparatively less expensive infrastructure cost as compared to other developed economies of the world. The growth of the APAC market is also supplemented by the presence of a large patient pool suffering from chronic disorders and increase in the need for affordable medical devices.

https://www.psmarketresearch.com/market-analysis/medical-device-outsourcing-market

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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