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Europe Medical Equipment Maintenance Market to 2027 - Regional Analysis and Forecasts By Device Type; Service Type; Service Provider and Country

  • ID: 4987832
  • Report
  • January 2020
  • Region: Europe
  • 131 Pages
  • The Insight Partners
UP TO OFF until Jun 30th 2022

FEATURED COMPANIES

  • Abbott
  • Althea Group
  • Aramark
  • B. Braun Melsungen AG
  • Medtronic
  • Stryker
The Europe medical equipment maintenance market is anticipated to reach US$ 9,953.13 Mn in 2027 from US$ 4,740.94 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027.

The medical equipment maintenance market is growing primarily due to the prevalence of chronic diseases, growing medical equipment, and increasing purchase of refurbished medical systems are expected to boost the market over the years. Restraining factors, such as stringent regulatory policies, are likely to damage the growth of the market in the coming years. On the other hand, the growing public, private partnership in the healthcare industry is expected to have a positive impact on the growth of the European medical equipment maintenance market in the coming years.

Medical equipment requires calibration, maintenance, repair, user training, and decommissioning; clinical engineers manage these activities. Medical equipment management programs (MEMPs) are conducted by most hospitals to fix, inspect, and maintain their medical devices. Preventive and corrective maintenance is concerned with frequency scheduled activities as well as repairs after the equipment is out of service.

Chronic diseases such as obesity, stroke, diabetes, and heart disease, are amongst the foremost causes of death and account for most of the nation’s health care costs. France is among those 47 countries who are members of the International Diabetes Federation of Europe regions, and the country has approximately 3.2 million in 2017 who were living with diabetes. The number of people is expected to grow at around 66.7 million by 2045. The country has been prosperous in preserving patients from the financial consequences created due to diabetes through its SHI coverage. Obesity is a common problem in the United Kingdom and is expected to affect around 1 in every four adults and about 1 in every five children aged 10 to 11. In 2016 according to the Organisation for Economic Co-operation and Development, around 27% of adults in the United Kingdom were obese, accounting for the highest proportion in Western Europe. Hence, the increase in the prevalence of chronic diseases is expected to drive the market during the forecast period.

In 2018, the electromedical equipment segment held the most significant market share of the medical equipment maintenance market by device type. The segment is also anticipated to hold a substantial share in the market in 2027. However, the endoscopic devices segment is expected to grow at the fastest rate during the coming year owing to an increase in the number of disorders needing the procedure of endoscopy and the various launches and product enhancements in endoscopes.

In 2018, the preventive maintenance segment held a most significant market share of the medical equipment maintenance market, by service type. This segment is also anticipated to hold a considerable portion of the market in 2027 owing to the advantage of preventive maintenance as it saves money in emergency improvements or total replacement of a device. The segment is also anticipated to witness growth at a significant rate during the forecast period, 2018 to 2027.

The independent service organizations segment is anticipated to grow at a CAGR during the forecast period, owing to factors such as they maintain, refurbish, or repair a complete device after distribution; also, they operate independently to meet the original intended use.

Some of the significant primary and secondary sources for medical equipment maintenance included in the report are World Health Organization (WHO), Cancer Research UK, International Diabetes Federation, International Trade Administration (ITA), and others.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe medical equipment maintenance market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the Europe medical equipment maintenance market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott
  • Althea Group
  • Aramark
  • B. Braun Melsungen AG
  • Medtronic
  • Stryker

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Medical Equipment Maintenance Market - By Device Type
1.3.2 Europe Medical Equipment Maintenance Market - By Service Type
1.3.3 Europe Medical Equipment Maintenance Market - By Service Provider
1.3.4 Europe Medical Equipment Maintenance Market - By Country
2. Europe Medical Equipment Maintenance Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Medical Equipment Maintenance Market - Market Landscape
4.1 overview
4.2 PEST Analysis
4.2.1 Europe- PEST Analysis
5. Europe Medical Equipment Maintenance Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Prevalence of Chronic Diseases
5.1.2 Increasing Purchase of Refurbished Medical Systems
5.1.3 Growing Medical Equipment Market
5.2 Key Market Restraint
5.2.1 Stringent Regulatory Policies
5.3 Key Market Opportunities
5.3.1 Growing Public Private Partnership in Healthcare Industry
5.4 Future Trends
5.4.1 Super Specialty and Multi-Specialty Hospitals are Expanding in Europe
5.5 Impact Analysis
6. Medical Equipment Maintenance Market - Europe Analysis
6.1 Europe Medical Equipment Maintenance Market Revenue Forecasts and Analysis
6.2 Positioning Of Key Players
7. Europe Medical Equipment Maintenance Market Analysis And Forecasts To 2027 - Device Type
7.1 Overview
7.2 Europe Medical Equipment Maintenance Market Share by Device Type 2018 & 2027 (%)
7.2.1 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
7.3 Electromedical Equipment
7.3.1 Overview
7.3.2 Europe Electromedical Equipment Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Endoscopic Devices
7.4.1 Overview
7.4.2 Europe Endoscopic Devices Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Surgical Instruments
7.5.1 Overview
7.5.2 Europe Surgical Instruments Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Other Medical Equipment
7.6.1 Overview
7.6.2 Europe Other Medical Equipment Market Revenue and Forecast to 2027 (US$ Mn)
8. Europe Medical Equipment Maintenance Market Analysis And Forecasts To 2027 - Service Type
8.1 Overview
8.2 Europe Medical Equipment Maintenance Market Share by Service Type 2018 & 2027 (%)
8.2.1 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
8.3 Preventive Maintenance
8.3.1 Overview
8.3.2 Europe Preventive Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Corrective Maintenance
8.4.1 Overview
8.4.2 Europe Corrective Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
8.5 Operational Maintenance
8.5.1 Overview
8.5.2 Europe Operational Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
9. Medical Equipment Maintenance Market Analysis And Forecasts To 2027 - Service Provider
9.1 Overview
9.2 Europe Medical Equipment Maintenance Market Share by Service Provider 2018 & 2027 (%)
9.2.1 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
9.3 Original Equipment Manufacturers
9.3.1 Overview
9.3.2 Europe Original Equipment Manufacturers Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Independent Service Organizations
9.4.1 Overview
9.4.2 Europe Independent Service Organizations Market Revenue and Forecast to 2027 (US$ Mn)
9.5 In-House Maintenance
9.5.1 Overview
9.5.2 Europe In-House Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
10. Medical Equipment Maintenance Market Revenue and Forecasts to 2027 - Country Analysis
10.1 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027
10.1.1 Overview
10.2 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.3 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.4 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.5 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.6 Europe Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Country (%)
10.7 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.7.1 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.7.2 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.7.3 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.7.4 UK Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.8 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.8.1 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.8.2 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.8.3 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.8.4 Germany Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.9 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.9.1 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.9.2 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.9.3 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.9.4 France Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.10 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.10.1 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.10.2 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.10.3 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.10.4 Italy Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.11 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.11.1 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.11.2 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.11.3 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.11.4 Spain Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
11. Europe Medical Equipment Maintenance Market -Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019
11.3 Organic Developments
11.3.1 Overview
11.3.2 Organic Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019
11.4 Inorganic Developments
11.4.1 Overview
11.4.2 Inorganic Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019
12. Europe Medical Equipment Maintenance Market-Key Company Profiles
12.1 Boston Scientific Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 Service Portfolio
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Medtronic
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 Service Portfolio
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Stryker
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 Service Portfolio
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Edwards Lifesciences Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 Service Portfolio
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Johnson & Johnson Services, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 Service Portfolio
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Abbott
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 Service Portfolio
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Terumo Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 Service Portfolio
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 B. Braun Melsungen AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 Service Portfolio
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Aramark
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 Service Portfolio
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Althea Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 Service Portfolio
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Boston Scientific Corporation
  • Stryker
  • Medtronic
  • Edward Lifesciences Corporation
  • Johnson & Johnson Services, Inc.
  • Abbott
  • Terumo Corporation
  • B. Braun Melsungen AG
  • Aramark
  • Althea Group
Note: Product cover images may vary from those shown