According to a report by P&S Intelligence, the U.S. medical equipment maintenance market is predicted to generate a revenue of $21,358.3 million by 2030, exhibiting a 9.2% CAGR during the forecast period (2020–2030). The rising awareness regarding preventive medical equipment maintenance services among hospitals, clinics, and healthcare professionals is a major driving factor of the market. In order to decrease the probability of the breaking down of medical equipment, these services need to be performed frequently.
The increasing healthcare expenditure in the healthcare industry in the U.S. is also a major driving factor of the market. The country has an advanced healthcare system and more investments are being made in the industry in order to offer people improved healthcare facilities. The COVID-19 pandemic, however, has had a negative impact on the industry, owing to shutdown of offices, disruption in the supply chain, and disruption in the operations of maintenance service providers.
Out of these, 2,937 hospitals were not-for-profit non-government community hospitals and 1,296 were investor-owned community hospitals. In terms of equipment type, the U.S. medical equipment maintenance market is divided into life support equipment, imaging equipment, surgical equipment, electromedical equipment, dental equipment, and endoscopes. Among all these, the life support division is predicted to progress at the fastest pace in the years to come.
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Players in the U.S. medical equipment maintenance market are relying on mergers and acquisitions for strengthening their position in the domain. Some of the major companies in the market are Koninklijke Philips N.V., Siemens AG, General Electric Company, FUJIFILM Holdings Corporation, Drägerwerk AG & Co. KGaA, Hitachi Ltd., Agiliti Health Inc., Agfa-Gevaert N.V., Carestream Health Inc., Canon Inc., Shimadzu Corporation, Crothall Healthcare, Sodexo Group, and TRIMEDX Holdings LLC.
This study covers
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the market and their service offerings