Europe Medical Equipment Maintenance Market is expected to reach US$ 9,953.13 Million by 2027 with CAGR of 8.7%.

Publisher: The Insight Partners

The Europe Medical Equipment Maintenance market is growing along with the healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

Europe medical equipment maintenance market is anticipated to reach US$ 9,953.13 Mn in 2027 from US$ 4,740.94 Mn in 2019. The medical equipment maintenance market is expected to rise with a CAGR of 8.7% from 2020-2027.

The purpose of healthcare technology management professionals is to ensure that the equipment and systems used to care for patients are operational, safe, and properly configured to meet the healthcare mission.

The healthcare industry is undergoing rapid transformations since a few years now. Various technological improvements have been witnessed in the segments including diagnosis and treatment options for chronic diseases. The increase in incidences of chronic illnesses and the increasing ageing population are the primary factors fuelling the growth of healthcare segment.

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Refurbishment is the systematic process of delivering used equipment to the same condition as when new or even better. In the medical device or equipment, refurbishing means extending its lifetime of the machine, generally from 5 or 7 to 10 or 14 years or above. Hence it fits as a form or reuse and waste prevention. Hospitals are the primary end-users of capital medical equipment, and has become increasingly cost-conscious because of the economic downturn and increasing cost burden on healthcare systems. The healthcare sector is increasingly facing heavy cost pressures. These cost-saving pressures affect the demand for medical devices as well as the characteristics of these devices. According to COCIR, around 95% of medical companies in Europe are small and medium-sized enterprises (SMEs), employing less than 250 people. In 2015, the refurbished diagnostic imaging equipment accounted for 75.5% of the global demand for refurbished medical devices. Based on the above factors, the market for refurbished medical devices will propel the medical equipment maintenance market.

These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for medical equipment maintenance assays in the market.

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EUROPE MEDICAL EQUIPMENT MAINTENANCE – MARKET SEGMENTATION

By Device Type

• Electromedical Equipment
• Endoscopic Devices
• Surgical Instruments
• Other Medical Equipment

By Service Type

• Preventive Maintenance
• Corrective Maintenance
• Operational Maintenance

By Service Provider

• Original Equipment Manufactures
• Independent Service organization
• In-House Maintenance

By Geography

• Europe
• Germany
• France
• UK
• Italy
• Spain

Company Profiles

• Boston Scientific Corporation
• Stryker
• Medtronic
• Edward Lifesciences Corporation
• Johnson & Johnson Services, Inc.
• Abbott
• Terumo Corporation
• B. Braun Melsungen AG
• Aramark
• Althea Group

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