European medical equipment maintenance market worth $ 19.0 billion by 2026
CHICAGO, August 12, 2021 / PRNewswire / – According to New Market Research Report “European medical equipment maintenance market per device [imaging(MRI, CT, X-ray, mammography), Endoscopy, Monitoring, Dental, Lab Devices], supplier (OEM, ISO), service (preventive, corrective), end user (hospital, ASC, clinic) – Global forecasts until 2026 “, published by MarketsandMarkets â¢, the medical equipment maintenance market is expected to reach $ 19.0 billion by 2026 from $ 12.2 billion in 2021, at a CAGR of 9.3% over the forecast period.
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The growth of this market is mainly due to the growing number of medical suppliers in the European region, increasing the adoption of patient specific medical devices. Moreover, the growth of this market is mainly due to the increasing attention to preventive maintenance of medical equipment, the growth of the associated equipment markets, the adoption of innovative financing mechanisms and the increasing purchasing. refurbished medical equipment. However, high initial costs and large maintenance expenses may hamper the growth of this market during the forecast period.
Device Type Diagnostic Imaging Equipment Segment to Hold Major Market Share by 2026
Based on device type, the European medical equipment maintenance market is segmented into diagnostic imaging equipment, patient monitoring and survival devices, endoscopic devices, surgical equipment, ophthalmology equipment, medical lasers, medical equipment electrosurgical, radiotherapy machines, dental equipment, laboratory equipment and durable medical equipment. Among device types, the diagnostic imaging equipment segment held a significant share of the market in 2020.
This segment includes services such as preventive maintenance, operational maintenance, corrective maintenance, software services and expert services for training programs for teams of biomedical technicians in healthcare establishments. The increasing demand for maintenance services for diagnostic imaging equipment is attributed to their substantial replacement cost and the need to ensure maximum equipment availability is a key factor driving the growth of this segment during the forecast period. .
On the basis of applications, the preventive maintenance segment is expected to account for the largest share of the European medical equipment maintenance market in 2020
On the basis of service type, the medical equipment maintenance market is segmented into corrective, preventive and operational maintenance. Among these, the preventive maintenance segment dominated the market in 2020. Technological advancements in medical devices and the consequent need for their preventive maintenance are expected to drive the growth of this market segment.
Multi-vendor OEM segment is expected to register the highest growth rate during the forecast period
Based on technology, the European medical equipment maintenance market has been segmented into multi-vendor OEM, single-vendor OEM, ISO, and in-house maintenance. The significant growth of the market and a large share of the multi-vendor OEM segment can mainly be attributed to the fact that a large number of healthcare providers opt for the maintenance services offered by OEMs due to their quality of service. , their large geographical presence, their solid technical expertise and their easy access to spare parts. parts (resulting in reduced downtime). Additionally, multi-vendor service contracts eliminate the complexity of dealing with multiple OEMs and outside vendors.
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Germany expected to dominate the European medical equipment maintenance market in 2020
The growth of the German medical equipment maintenance market is mainly due to the increasing prevalence of COVID-19 cases and the need for early diagnosis. According to the OECD, Germany has use rates of diagnostic imaging systems 50% higher than the average for EU countries. As the number of scans continues to increase, there will be a subsequent demand for maintenance services to ensure optimal device uptime. An increasing number of providers offering multi-vendor maintenance services and an increasing number of ISO approvals among service providers are the main growth factors of the European market.
GE Healthcare (United States), Siemens Healthineers (Germany), Koninklijke Philips NV (Netherlands), Medtronic plc (Ireland) and FUJIFILM Holdings Corporation (Japan), Canon, Inc. (Toshiba Medical System Corporation, Japan), Agfa-Gevaert Group (Belgium), Carestream Health, Inc. (USA), DrÃ¤gerwerk AG & Co. KGaA (Germany), Hitachi Medical Corporation (Japan), Althea Group (Italy), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), KARL STORZ GmbH & Co. KG (Germany) and Aramark Services, Inc. (US), among others, are among the major players operating in the European medical equipment maintenance market.
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