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European Medical Equipment Maintenance Market – Emerging Trends, Future Forecasts, Challenges & Opportunities

by mmvaidya · June 24, 2019

The growth of the European Medical Equipment Maintenance Market is attributed to rising focus on preventive maintenance. Preventive maintenance is gaining prominence as planned inspections and medical device maintenance help avoid adverse incidents and medical-device related accidents.

Regular maintenance services provided by OEMs, ISOs Cheap Brandon McManus Jersey , or in-house service technicians ensure safe, efficient, and long-lasting use of medical devices. The growing focus on implementing preventive maintenance strategies among healthcare organizations is expected to offer growth opportunities for service providers in the coming years.

On the basis of device type, the European medical equipment maintenance market is segmented into imaging equipment, endoscopic devices, surgical instruments Cheap Todd Davis Jersey , and electromedical equipment. In 2017, the imaging equipment segment is expected to account for the largest share of the European medical equipment maintenance market. This segment is also expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to the high replacement cost of imaging equipment and the need for ensuring maximum equipment uptime.

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The European medical equipment maintenance market, by service type is segmented into corrective, preventive, and operational maintenance. In 2017, preventive maintenance is expected to account for the largest share of the market. Technological advancements in medical devices and the consequent need for their preventive maintenance are expected to fuel market growth in this segment.

Germany to dominate the market followed by Italy

By region Cheap Domata Peko Jersey , the European medical equipment maintenance market is segmented into Germany, Italy, UK, France, Spain, and RoE. In 2017 Cheap Ronald Leary Jersey , Germany accounted for the largest share of the market; this regional segment is also expected to grow at highest CAGR during the forecast period, followed by Italy. The high growth of the German market is attributed to the factors such as the significant presence of OEMs, growing medical technology market, well-established healthcare infrastructure and large installation base of medical equipment. Italy is the second largest growing market, factors such as focus on value-based healthcare system, and strategic expansion of market players Cheap Colby Wadman Jersey , are expected to fuel the market growth in this country.

Multi-year maintenance contract to dominate the market in 2017

Based on the type of contract, the European medical equipment market is segmented into multi-year maintenance contracts, and annual maintenance contracts. Among these, multi-year maintenance segment is expected to account for the largest share of the European medical equipment maintenance market. Hospitals with large budgets prefer long-term contracts to match the lifecycle of medical equipment and to avoid renegotiating of service contracts. Moreover, service providers are likely to provide some discount on the final amount for multiple-year contracts thus; multi-year contracts can offer potential cost benefits to providers.

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On the basis of end user, private-sector organizations are to grow at the highest CAGR within the forecast period

By end user Cheap Jared Veldheer Jersey , the European medical equipment maintenance market is segmented into public sector organizations and private-sector organizations. In 2017, private-sector organizations are expected to register the highest CAGR during the forecast period. The increasing number of public- private partnerships is expected to boost the demand for medical equipment maintenance services in Europe.

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