ACCESS Newswire
12 Jan 2021, 20:13 GMT+10
Medical equipment maintenance service providers are leveraging the increasing use of refurbished medical devices in the healthcare sector for aid in revenue generation options.
DUBLIN, IRELAND / ACCESSWIRE / January 12, 2021 / The global medical equipment maintenance market is projected to reach a valuation of approximately US$ 60 Bn by the end of the forecast period from 2020 to 2030.
The wide range of medical devices used in diagnostic and treatment applications for varying ailments supports market growth. According to Fact.MR's market study, the market is likely to be moderately affected during Covid-19 pandemic owing to the unprecedented burden on healthcare infrastructure and the need for functional medical devices.
'Strict operational protocols in medical facilities, and awareness about numerous life-threatening ailments will drive the market. Advances in cutting-edge medical devices, and the increase in purchase of low-cost, refurbished medical equipment support the global medical equipment maintenance market,' says the Fact.MR analyst.
Medical Equipment Maintenance Market- Key Takeaways
Medical Equipment Maintenance Market- Driving Factors
Medical Equipment Maintenance Market- Key Restraints
COVID-19 Impact on Medical Equipment Maintenance Market
The medical equipment maintenance market has moderately impacted by the coronavirus pandemic. The need for critical medical equipment for life-threatening ailments will support the demand for maintenance services in the short term.
On the other hand, lockdown restrictions and regulations on elective medical procedures will hurt demand for select non-emergency equipment in fields such ophthalmology, and cosmetic surgery among others. Demand is likely to continue growing strongly in the post pandemic period, supported by a backlog of diagnostic and treatment cases.
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Competitive Landscape
Terumo Corporation, Agenor Mantenimientos, Abbott, Agfa-Gevaert NV, Johnson & Johnson, Althea Group, Edward Lifesciences, B.Braun Melsungen Ag, Medtronic, BCAS Biomedical Services Ltd, and Boston Scientific are some of the more prominent medical equipment maintenance manufacturers in the global market.
Medical equipment maintenance market players have been largely focused on the expansion of the product and services portfolio with the aid of strategic collaborations, acquisitions, and mergers in addition to research and development efforts.
For instance, Sodexo in December 2020, collaborated with the Association of Healthcare Providers (AHPI) to unveil the Sodexo Healthcare Technology Management, a biomedical equipment mobile app to provide maintenance and lifecycle management services.
In June 2020, Accruent announced a partnership with Attainia to integrate data insights on medical equipment maintenance for Attania's capital equipment planning software platform. In October 2020, PartsSource.com initiated medical equipment repair on-site services through its ecommerce platform.
About the Report
This study offers readers a comprehensive market forecast of the medical equipment maintenance market. Global, regional and country-level analysis of the top industry trends impacting the medical equipment maintenance market is covered in this Fact.MR study. The report offers insights on the medical equipment maintenance market on the basis of device (Imaging equipment, endoscopic devices, surgical instruments, electro-medical equipment, and others), across five regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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About Fact.MR
Fact.MR is a leading provider of market intelligence and consulting services, serving clients in over 150 countries.Fact.MR is headquartered in Dublin, and has offices in Dubai. Fact.MR's latestmarket research reports industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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SOURCE: Fact.MR
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