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U.S. Medical Equipment Maintenance Market Research Report: By Equipment Type, Service Type, Service Provider, End-User - Industry Size, Share, Trends and Growth Forecast to 2024

  • ID: 4844603
  • Report
  • Region: United States
  • 118 pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • Agfa-Gevaert N.V.
  • Carestream Health Inc.
  • Drägerwerk AG & Co. KGaA
  • Hitachi Ltd.
  • NovaMed Corporation
  • Siemens AG
  • MORE
The U.S. medical equipment maintenance market is being driven by the growing awareness on preventive maintenance, stringent regulations, and growth of the medical device industry. In 2018, the provision of such services generated $7.7 billion, which is predicted to increase to $12.6 billion by 2024 at a 9.0% CAGR during the forecast period (2019-2024). Medical equipment maintenance services are availed by owners of such devices for ensuring their operational efficiency, keeping failure rates to a minimum, and increasing their life.

Electromedical equipment, imaging equipment, endoscopes, life support equipment, dental equipment, and surgical equipment are the various divisions when the market is segmented by equipment type. In 2018, maintenance services for imaging equipment alone generated 49.9% of the total U.S. medical equipment maintenance market revenue. The fact that such devices are more expensive than others used in healthcare settings and are being increasingly deployed for disease diagnosis and treatment was responsible for their dominating position. Such equipment would grow at the highest CAGR (10.1%) during the forecast period.

On the basis of service type, the market is divided into corrective, preventive, and operational maintenance. Out of these, preventive services led the U.S. medical equipment maintenance market during the historical period (2014-2018). During the forecast period, this division would grow the fastest at a 10.1% CAGR and generate $7.7 billion in 2024 due to the increasing popularity of such services. The use of devices such as imaging systems, scalpels, dressing forceps, dissecting scissors, feeding tubes, and catheters is not limited to one application or subspecialty.

Regular maintenance of these devices not only helps increase their service life, but also prevents the spread of infections among patients. Additionally, many international organizations are emphasizing strongly on healthcare center cleanliness to contain the spread of hospital-acquired infections. Owing to this, an increasing number of medical device users are going for preventive maintenance. For instance, a preventive maintenance program was launched by Montana State Hospital in 2017 to increase the life of its equipment.

Market Segmentation by Equipment Type

Imaging Equipment
Advanced Imaging Modalities
By Type
Computed Tomography (CT)
Magnetic Resonance Imaging (MRI)
Others
By Service Type
Preventive
Corrective
Operational
Primary Imaging Modalities
By Type
Digital X-Ray
Ultrasound
Others
By Service Type
Corrective
Preventive
Operational
Electromedical Equipment
Life Support Equipment
Endoscopes
Surgical Equipment
Dental Equipment

Market Segmentation by Service Type

Preventive
Corrective
Operational

Market Segmentation by Service Provider

Original Equipment Manufacturers (OEMs)
Multi-Vendor OEMs
Single-Vendor OEMs
Independent Service Organizations (ISOs)
In-House Maintenance

Market Segmentation by End User

Public-Sector Organizations
Private-Sector Organizations
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Agfa-Gevaert N.V.
  • Carestream Health Inc.
  • Drägerwerk AG & Co. KGaA
  • Hitachi Ltd.
  • NovaMed Corporation
  • Siemens AG
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Equipment Type
1.3.2 Market Segmentation by Service Type
1.3.3 Market Segmentation by Service Provider
1.3.4 Market Segmentation by End User
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By industry participant
2.2.1.2 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Industry Insights
4.1 Regulatory Overview
4.2 Macroeconomic Insights
4.3 PESTLE Analysis

Chapter 5. Introduction
5.1 Definition of Market Segments
5.1.1 By Equipment Type
5.1.1.1 Imaging equipment
5.1.1.1.1 Advanced imaging modalities
5.1.1.1.1.1 CT
5.1.1.1.1.2 MRI
5.1.1.1.1.3 Others
5.1.1.1.2 Primary imaging modalities
5.1.1.1.2.1 Digital X-Ray
5.1.1.1.2.2 Ultrasound
5.1.1.1.2.3 Others
5.1.1.2 Electromedical equipment
5.1.1.3 Life support equipment
5.1.1.4 Endoscopes
5.1.1.5 Surgical equipment
5.1.1.6 Dental equipment
5.1.2 By Service Type
5.1.2.1 Preventive
5.1.2.2 Corrective
5.1.2.3 Operational
5.1.3 By Service Provider
5.1.3.1 Original equipment manufacturers (OEMs)
5.1.3.1.1 Multi-vendor OEMs
5.1.3.1.2 Single-vendor OEMs
5.1.3.2 Independent service organizations (ISOs)
5.1.3.3 In-house maintenance
5.1.4 By End User
5.1.4.1 Public-sector organizations
5.1.4.2 Private-sector organizations
5.2 Market Dynamics
5.2.1 Trends
5.2.1.1 Increasing number of multi-vendor contracts by end users
5.2.1.2 Rising adoption of equipment maintenance insurance
5.2.2 Drivers
5.2.2.1 Advancement in the medical devices industry
5.2.2.2 Rising awareness for preventive medical equipment maintenance
5.2.2.3 Presence of stringent regulatory environment
5.2.2.4 Impact analysis of drivers on market forecast
5.2.3 Restraints
5.2.3.1 High cost of medical devices
5.2.3.2 Impact analysis of restraints on market forecast
5.2.4 Opportunities
5.2.4.1 New services offered by the players in the medical equipment maintenance market
5.3 Porter's Five Forces Analysis

Chapter 6. U.S. Market Size and Forecast
6.1 By Equipment Type
6.1.1 Imaging Equipment Maintenance Market, by Type
6.1.1.1 Imaging equipment maintenance market for advanced modalities, by type
6.1.1.2 Imaging equipment maintenance market for primary modalities, by type
6.2 By Service Type
6.3 By Service Provider
6.3.1 Medical Equipment Maintenance Market for OEMs, by Type
6.4 By End User

Chapter 7. Competitive Landscape
7.1 Strategic Developments of the Key Players
7.1.1 Mergers and Acquisitions
7.1.2 Other Developments
7.2 Competitive Analysis of Key Players

Chapter 8. Company Profiles
8.1 Key Players
8.1.1 General Electric Company
8.1.1.1 Business overview
8.1.1.2 Product and service offerings
8.1.1.3 Key financial summary
8.1.2 Siemens AG
8.1.2.1 Business overview
8.1.2.2 Product and service offerings
8.1.2.3 Key financial summary
8.1.3 Koninklijke Philips N.V.
8.1.3.1 Business overview
8.1.3.2 Product and service offerings
8.1.3.3 Key financial summary
8.1.4 Drägerwerk AG & Co. KGaA
8.1.4.1 Business overview
8.1.4.2 Product and service offerings
8.1.4.3 Key financial summary
8.1.5 FUJIFILM Holdings Corporation
8.1.5.1 Business overview
8.1.5.2 Product and service offerings
8.1.5.3 Key financial summary
8.1.6 Hitachi Ltd.
8.1.6.1 Business overview
8.1.6.2 Product and service offerings
8.1.6.3 Key financial summary
8.1.7 Agfa-Gevaert N.V.
8.1.7.1 Business overview
8.1.7.2 Product and service offerings
8.1.7.3 Key financial summary
8.1.8 Agiliti Health Inc.
8.1.8.1 Business overview
8.1.8.2 Product and service offerings
8.1.8.3 Key financial summary
8.1.9 Canon Medical Systems Corporation
8.1.9.1 Business overview
8.1.9.2 Product and service offerings
8.1.9.3 Key financial summary
8.1.10 Carestream Health Inc.
8.1.10.1 Business overview
8.1.10.2 Product and service offerings
8.1.11 Shimadzu Corporation
8.1.11.1 Business overview
8.1.11.2 Product and service offerings
8.1.12 Sodexo Group
8.1.12.1 Business overview
8.1.12.2 Product and service offerings
8.1.12.3 Key financial summary
8.1.13 Crothall Healthcare
8.1.13.1 Business overview
8.1.13.2 Product and service offerings
8.1.14 TRIMEDX Holdings LLC
8.1.14.1 Business overview
8.1.14.2 Product and service offerings
8.2 Other Players
8.2.1 Signature Medical Services Inc.
8.2.2 NovaMed Corporation
8.2.3 Diagnostic Equipment Service Corporation (DESCO)

Chapter 9. Appendix
9.1 Abbreviations
9.2 Sources and References
9.3 Related Reports

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 3 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY EQUIPMENT TYPE, $M (2014-2018)
TABLE 5 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY EQUIPMENT TYPE, $M (2019-2024)
TABLE 6 U.S. IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, $M (2014-2018)
TABLE 7 U.S. IMAGING EQUIPMENT MAINTENANCE MARKET, BY TYPE, $M (2019-2024)
TABLE 8 U.S. IMAGING EQUIPMENT MAINTENANCE MARKET FOR ADVANCED MODALITIES, BY TYPE, $M (2014-2018)
TABLE 9 U.S. IMAGING EQUIPMENT MAINTENANCE MARKET FOR ADVANCED MODALITIES, BY TYPE, $M (2019-2024)
TABLE 10 U.S. IMAGING EQUIPMENT MAINTENANCE MARKET FOR PRIMARY MODALITIES, BY TYPE, $M (2014-2018)
TABLE 11 U.S. IMAGING EQUIPMENT MAINTENANCE MARKET FOR PRIMARY MODALITIES, BY TYPE, $M (2019-2024)
TABLE 12 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE TYPE, $M (2014-2018)
TABLE 13 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE TYPE, $M (2019-2024)
TABLE 14 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER, $M (2014-2018)
TABLE 15 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER, $M (2019-2024)
TABLE 16 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET FOR OEMS, BY TYPE, $M (2014-2018)
TABLE 17 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET FOR OEMS, BY TYPE, $M (2019-2024)
TABLE 18 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END USER, $M (2014-2018)
TABLE 19 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END USER, $M (2019-2024)
TABLE 20 GENERAL ELECTRIC COMPANY - AT A GLANCE
TABLE 21 GENERAL ELECTRIC COMPANY - KEY FINANCIAL SUMMARY
TABLE 22 SIEMENS AG - AT A GLANCE
TABLE 23 SIEMENS AG - KEY FINANCIAL SUMMARY
TABLE 24 KONINKLIJKE PHILIPS N.V. - AT A GLANCE
TABLE 25 KONINKLIJKE PHILIPS N.V. - KEY FINANCIAL SUMMARY
TABLE 26 DRÄGERWERK AG & CO. KGAA - AT A GLANCE
TABLE 27 DRÄGERWERK AG & CO. KGAA - KEY FINANCIAL SUMMARY
TABLE 28 FUJIFILM HOLDINGS CORPORATION - AT A GLANCE
TABLE 29 FUJIFILM HOLDINGS CORPORATION - KEY FINANCIAL SUMMARY
TABLE 30 HITACHI LTD. - AT A GLANCE
TABLE 31 HITACHI LTD. - KEY FINANCIAL SUMMARY
TABLE 32 AGFA-GEVAERT N.V. - AT A GLANCE
TABLE 33 AGFA-GEVAERT N.V. - KEY FINANCIAL SUMMARY
TABLE 36 CANON MEDICAL SYSTEMS CORPORATION - AT A GLANCE
TABLE 38 CARESTREAM HEALTH INC. - AT A GLANCE
TABLE 39 SHIMADZU CORPORATION - AT A GLANCE
TABLE 41 SODEXO GROUP - AT A GLANCE
TABLE 42 SODEXO GROUP - KEY FINANCIAL SUMMARY
TABLE 43 CROTHALL HEALTHCARE - AT A GLANCE
TABLE 44 TRIMEDX HOLDINGS LLC - AT A GLANCE
TABLE 45 SIGNATURE MEDICAL SERVICES INC. - AT A GLANCE
TABLE 46 NOVAMED CORPORATION - AT A GLANCE
TABLE 47 DIAGNOSTIC EQUIPMENT SERVICE CORPORATION - AT A GLANCE

List of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 SPLIT OF PRIMARY AND SECONDARY RESEARCH
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 6 DATA TRIANGULATION APPROACH
FIG 7 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET SUMMARY
FIG 8 PESTLE ANALYSIS
FIG 9 BARGAINING POWER OF BUYERS
FIG 10 BARGAINING POWER OF SUPPLIERS
FIG 11 INTENSITY OF RIVALRY
FIG 12 THREAT OF NEW ENTRANTS
FIG 13 THREAT OF SUBSTITUTES
FIG 14 SNAPSHOT OF MEDICAL EQUIPMENT MAINTENANCE IN THE U.S. (2018)
FIG 15 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY EQUIPMENT TYPE, $M (2014-2024)
FIG 16 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE TYPE, $M (2014-2024)
FIG 17 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY SERVICE PROVIDER, $M (2014-2024)
FIG 18 U.S. MEDICAL EQUIPMENT MAINTENANCE MARKET, BY END USER, $M (2014-2024)
FIG 19 GENERAL ELECTRIC COMPANY - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 20 SIEMENS AG - REVENUE SPLIT BY SEGMENT, DIVISION, AND GEOGRAPHY (2018)
FIG 21 KONINKLIJKE PHILIPS N.V. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 22 DRÄGERWER AG & CO. KGAA REVENUE SPLIT BY GEOGRAPHY (2018)
FIG 23 FUJIFILM HOLDINGS CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 24 HITACHI LTD. - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 25 AGFA-GEVAERT N.V. - REVENUE SPLIT BY BUSINESS UNIT AND GEOGRAPHY (2017)
FIG 27 CANON MEDICAL SYSTEMS CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 28 SHIMADZU CORPORATION - REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2017)
FIG 29 Sodexo Group - Revenue split by segment and region (2018)
Note: Product cover images may vary from those shown
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  • General Electric Company
  • Siemens AG
  • Koninklijke Philips N.V.
  • Drägerwerk AG & Co. KGaA
  • Fujifilm Holdings Corporation
  • Hitachi Ltd.
  • Agfa-Gevaert N.V.
  • Agiliti Health Inc.
  • Canon Medical Systems Corporation
  • Carestream Health Inc.
  • Shimadzu Corporation
  • Sodexo Group
  • Crothall Healthcare
  • TRIMEDX Holdings LLC
  • Signature Medical Services Inc.
  • NovaMed Corporation
  • Diagnostic Equipment Service Corporation (DESCO)
Note: Product cover images may vary from those shown
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