US $21.35 bn medical equipment maintenance market

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.

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.

The major reason for the growing demand for life support equipment in the U.S. is the rising incidence of acute cardiac and respiratory conditions and increasing traumatic injuries. As per the Society of Critical Care Medicine, over 5 million patients are admitted every year to the intensive care units in the country. Ascribed to this, life support devices need to be maintained regularly in order to provide critical and emergency care at any time.

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, Dragerwerk 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. ResearchAndMarkets