The article cited AMA's "Global Medical Equipment Maintenance Market Study" explored CAGR of 10.6%. According to the report, High Adoption of the Multi-Vendor Contracts
is one of the primary growth factors for the market. High growth in the equipment market across the globe, majorly in the Asia Pacific regions. Enhancement of the healthcare industry, along with the rising concern towards preventive medical equipment markets. Simultaneously, there are increasing trends for the purchase of refurbished medical systems. is also expected to contribute significantly to the Medical Equipment Maintenance market. Overall, Hospitals & Clinics
applications of Medical Equipment Maintenance, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Service Providers, such as OEM (Multi-Vendors), is boosting the Medical Equipment Maintenance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End Users, such as Public-Sector Organizations, is boosting the Medical Equipment Maintenance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Device, such as Imaging (MRI, CT, X-ray, Ultrasound), is boosting the Medical Equipment Maintenance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Medical Equipment Maintenance market identified that the demand is rising in many different parts of the world as "Increasing Innovations in Service Offerings and Rapid Adoption of the IoT
". Furthermore, some recent industry insights like "In Sep 2019, EquipX announced the collaboration with Siemens Healthineers to manage the clinical equipment by maintaining the real operating costs, business profitability, and others. Through this step, the company is aiming to enhance its market position and earn more benefits." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Medical Equipment Maintenance market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Medical Equipment Maintenance market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Medical Equipment Maintenance market size is calculated using market estimation process, the Medical Equipment Maintenance market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Medical Equipment Maintenance market size has been validated using both top-down and bottom-up approaches.