+1 832 716 2363
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Friday, August 12, 2022
AsiaNewsWire
No Result
View All Result
Submit a Press Release
  • HOME
  • NEWSROOM
    • News by Country
      • Australia
      • Bangladesh
      • China
      • Hong Kong
      • India
      • Indonesia
      • Japan
      • Macau(China)
      • Malaysia
      • Myanmar
      • Nepal
      • New Zealand
      • Pakistan
      • Philippines
      • Singapore
      • South Korea
      • Sri Lanka
      • Taiwan
      • Thailand
      • Vietnam
    • News by Category
      • Agriculture
      • Arts & Entertainment
      • Aviation & transport
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & Construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
  • PR SERVICES
    • Press Release Distribution
    • Press Release Writing
    • Consulting
    • Media Planning
  • PRICING
  • ABOUT US
  • CONTACT US
  • PRESS RELEASES

    Real-world Data Market Worth $2 billion by 2029

    5G Chipset Market to be worth $23.5 billion by 2027 -Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®

    Internet of Things (IoT) in Retail Market Worth $42.6 Billion by 2029

    Pea Protein Isolate Market Worth $542.9 Million by 2029

    Pea Protein Isolate Market Worth $542.9 Million by 2029

  • Login
  • Sign Up
  • HOME
  • NEWSROOM
    • News by Country
      • Australia
      • Bangladesh
      • China
      • Hong Kong
      • India
      • Indonesia
      • Japan
      • Macau(China)
      • Malaysia
      • Myanmar
      • Nepal
      • New Zealand
      • Pakistan
      • Philippines
      • Singapore
      • South Korea
      • Sri Lanka
      • Taiwan
      • Thailand
      • Vietnam
    • News by Category
      • Agriculture
      • Arts & Entertainment
      • Aviation & transport
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & Construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
  • PR SERVICES
    • Press Release Distribution
    • Press Release Writing
    • Consulting
    • Media Planning
  • PRICING
  • ABOUT US
  • CONTACT US
  • PRESS RELEASES

    Real-world Data Market Worth $2 billion by 2029

    5G Chipset Market to be worth $23.5 billion by 2027 -Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®

    Internet of Things (IoT) in Retail Market Worth $42.6 Billion by 2029

    Pea Protein Isolate Market Worth $542.9 Million by 2029

    Pea Protein Isolate Market Worth $542.9 Million by 2029

No Result
View All Result
AsiaNewsWire
SUBMIT PR
Home Press Releases

Global News: Medical Equipment Maintenance Market worth $74.2 billion by 2026

asianewswire.net by asianewswire.net
March 25, 2022
in Press Releases
Global News: Medical Equipment Maintenance Market worth $74.2 billion by 2026
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, March 25, 2022 ) According to the new market research report, “Medical Equipment Maintenance Market by Product (Imaging (MRI, CT, PET-CT, ultrasound, X-ray), Endoscopes, Lasers, Ventilators, Dialysis, Monitors), Provider (OEM, ISO, In-house), Service (Preventive, Operational), User (Hospital, ASCs) – Forecast to 2026″, is projected to reach USD 74.2 billion by 2026 from USD 45.2 billion in 2021, at a CAGR of 10.4% during the forecast period.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=69695102

Global Industry Growth Boosting Factors:

The growth of this market is mainly driven by the growing number of medical vendors across globe, increasing adoption of patient-specific medical devices. Moreover, Growth in this market is primarily driven by the rising focus on preventive medical equipment maintenance, growth in associated equipment markets, adoption of innovative funding mechanisms, and the increasing purchase of refurbished medical equipment. However, the high initial costs and significant maintenance expenditure may hinder the growth of this market during the forecast period.

Overview:

This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, fundamental market dynamics, and key player strategies.

Driver: Rising focus on preventive medical equipment maintenance

The focus on the preventive maintenance of medical equipment has grown in recent years, as healthcare institutions seek to enhance patient safety and care quality. This involves a carefully designed program where maintenance tasks are performed in a scheduled manner to avoid larger and costly repairs down the line. It also helps in reducing equipment downtime, which enhances day-to-day operations and improves device reliability.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=69695102

Restraint: High initial cost and significant maintenance expenditure

Maintenance programs for medical devices enable healthcare providers to track and monitor their condition, and thereby ensure efficient utilization and maximum uptime. This is also essential, given the current focus on preventive maintenance and cost pressures, to control total expenditure against a background of austerity measures. Such programs include the deployment of asset management solutions, which use advanced technologies.

However, the deployment of these solutions incurs high initial installation costs and significant maintenance expenditure, while the installation of advanced medical equipment incurs a service contract cost (~12% of the cost of medical equipment) to be paid per year. The service cost thus paid during the lifespan of the equipment is usually more than the cost of the equipment. The high cost associated with the purchase and maintenance of advanced medical equipment is restraining end users from adopting them.

Opportunity: Emergence of ISOs

The medical equipment maintenance and services sector was initially dominated by OEMs. However, OEMs typically charge more than third-party vendors, and often take longer for maintenance, resulting in higher associated costs as well as downtime. This situation, especially given the backdrop of continuing austerity measures and the need for cost-curtailment in healthcare systems, has led to the emergence of ISOs dedicated to solely providing maintenance services.

With a strong team of experts, these organizations can cater to customers in situations where OEMs fail to offer satisfactory and time-efficient solutions. Moreover, ISOs offer services for multiple brands of medical devices, providing end users with a central, independent management platform for uniform service delivery across all asset groups, while reducing maintenance costs.

Challenge: Survival of players in a highly fragmented and competitive market

The medical equipment maintenance market is highly fragmented and competitive and comprises a broad range of players, including multinational companies and small local players. The high capital required in retaining biomedical engineers, logistics of medical devices, and regulatory approval make it difficult for several companies (especially start-ups and small organizations) to sustain their presence in the industry.

As a result, companies are focusing on the development of better and improved technologies to gain a competitive edge. A few companies have also emphasized acquisitions and partnerships to maintain and improve their market sustainability, expertise, and technological capabilities. This provides a highly competitive and dynamic environment, which makes it difficult for smaller companies to survive.

Speak to Analyst for More Detailed Information@ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=69695102



Source link

Previous Post

Synthetic Tartaric Acid Market Is Expected To Register Highest CAGR Of 4.8% During The Forecast Period 2019–2027

Next Post

Duplex Stainless Steel Market Size Estimated to Reach $4.8 Billion by 2027

Related Posts

Press Releases

Real-world Data Market Worth $2 billion by 2029

August 6, 2022
Press Releases

5G Chipset Market to be worth $23.5 billion by 2027 -Exclusive Report Covering Pre and Post COVID-19 Market Analysis by Meticulous Research®

August 6, 2022
Press Releases

Internet of Things (IoT) in Retail Market Worth $42.6 Billion by 2029

August 6, 2022
Pea Protein Isolate Market Worth $542.9 Million by 2029
Press Releases

Pea Protein Isolate Market Worth $542.9 Million by 2029

August 6, 2022
SCADA Market Worth $57.2 billion by 2028, Growing at a CAGR of 14.7% from 2021 – Exclusive Report by Meticulous Research®
Press Releases

SCADA Market Worth $57.2 billion by 2028, Growing at a CAGR of 14.7% from 2021 – Exclusive Report by Meticulous Research®

August 6, 2022
Robotic Process Automation Market Worth $47.19 Billion by 2029 – Exclusive Report by Meticulous Research®
Press Releases

Robotic Process Automation Market Worth $47.19 Billion by 2029 – Exclusive Report by Meticulous Research®

August 6, 2022
Load More

Popular News

  • India Media Lists

    India Media List for Press Release Distribution to English Publications, Radio and Television Stations

    0 shares
    Share 0 Tweet 0
  • Vietnam Media List for Press Release Distribution to Vietnamese Target Audience

    0 shares
    Share 0 Tweet 0
  • AsiaNewswire.net™ Relaunches Press Release Distribution to media in the Asia Pacific and Southeast Regions

    0 shares
    Share 0 Tweet 0
  • Singapore Media List for Press Release Distribution to Online, Print and Broadcast Outlets

    0 shares
    Share 0 Tweet 0
  • South Korea Media List for Press Release Distribution in Korean, English or in both languages

    0 shares
    Share 0 Tweet 0

By Categories

  • Agriculture
  • Australia
  • Business & Finance
  • Campaign
  • China
  • Education
  • English
  • Featured News
  • Forex & Commodities
  • India
  • Japan
  • Media
  • Media List
  • National
  • Politics
  • Press Releases
  • Singapore
  • Social Media
  • South Korea
  • Stock Markets
  • Taiwan
  • Telecom & Tech
  • Travel
  • Uncategorized
  • Vietnam

About

Asia Newswire™ provides press release distribution services for businesses,  organizations and other entities with need to send news to media outlets in Asia  Pacific, South and South East Asian countries. Other services include writing and  editing press releases, consulting and media planning.

Categories

News by Country
News by Category
Press Releases

Recent Post

Recent Posts
  • Public Safety and Security Market Global Predictions: USD 707.2 billion by 2027
  • Robotic Process Automation Market Worth $47.19 Billion by 2029 – Exclusive Report by Meticulous Research®
  • SCADA Market Worth $57.2 billion by 2028, Growing at a CAGR of 14.7% from 2021 – Exclusive Report by Meticulous Research®
  • Pea Protein Isolate Market Worth $542.9 Million by 2029

Subscribe Our Newsletter

    Share Us

    Share on facebook
    Share on twitter
    Share on linkedin
    Share on pinterest

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia

    AsiaNewswire.net™ is part of GroupWeb Media Network. © 2022 GroupWeb Media LLC

    No Result
    View All Result
    • Home
    • Newsroom
      • News by Category
        • Agriculture
        • Arts & Entertainment
        • Aviation & transport
        • Business & Finance
        • Conferences & Seminars
        • Cryptocurrency
        • Economy
        • Education
        • Forex & Commodities
        • Manufacturing & Industry
        • Media
        • Oil & Energy
        • Pharma & Health
        • Politics
        • Real Estate & Construction
        • Sports
        • Stock Markets
        • Telecom & Tech
        • Travel & Tourism
      • News by Country
        • Australia
        • Bangladesh
        • China
        • Hong Kong
        • India
        • Indonesia
        • Japan
        • Macau(China)
        • Malaysia
        • Myanmar
        • Nepal
        • New Zealand
        • Pakistan
        • Philippines
        • Singapore
        • South Korea
        • Sri Lanka
        • Taiwan
        • Thailand
        • Vietnam
    • PR Services
      • Press Release Distribution
      • Press Release Writing
      • Consulting
      • Media Planning
    • About Us
    • Contact Us
    • Pricing
    • Press Releases
    • Login
    • Sign Up

    Share on facebook
    Share on twitter
    Share on linkedin
    Share on pinterest
    AsiaNewswire.net™ is part of GroupWeb Media Network. © 2022 GroupWeb Media LLC