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Posted by Grras Solutions on September 20, 2021 at 9:47am 0 Comments

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European Medical Equipment Maintenance Market - Emerging Innovations

Research Methodology Followed:

The study estimates the European medical equipment maintenance market size for 2017 and projects its demand till 2022. In the primary research process, various sources from both demand side and supply side were interviewed to obtain qualitative and quantitative information of the report. Primary Sources from the demand side include various industry CEOs, vice presidents, marketing directors, technology and innovation directors, and related key executives from the various original equipment manufacturers (OEMs) and independent service organizations (ISOs) in the medical equipment maintenance and services market.

Primary sources from the demand include hospital purchase managers, radiologists, and physicians from reputed hospitals. For market estimation process both top-down and bottom-up approaches were used to estimate and validate the market size of the European medical equipment maintenance market as well as to estimate the market size of various other dependent submarkets. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

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Expected Growth in Revenue:

The European medical equipment maintenance market is expected to reach USD 8.93 Billion by 2022 from USD 6.29 in 2016, at a CAGR of 6.1% during the forecast period.

Growth Boosting Factors:

A number of factors, such as rising focus on preventive medical equipment maintenance, adoption of innovative funding mechanism, growth in associated equipment markets and growing purchase of refurbished medical equipment are expected to drive the growth of the market. On the other hand, high initial cost and significant maintenance expenditure are expected to restrain the growth of this market in the coming years.

Target Audience for this Report:

# Medical equipment manufacturers and suppliers

# Independent services organizations (ISOs)

# Healthcare institutions (hospitals and outpatient clinics)

# Academic institutes and universities

# Distributors and suppliers of electromedical equipment and services

# Research and consulting firms

On the basis of contract type, the European medical equipment maintenance market is categorized into annual and multi-year maintenance contracts. In 2017, the multi-year maintenance contracts segment is expected to account the largest share of the 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.

End Users:

By end user, the European medical equipment maintenance market is segmented into public-sector organizations and private-sector organizations. In 2017, the public-sector organizations’ segment is expected to account for the largest share European medical equipment maintenance market. The dominance of public healthcare in most of the European economies, as well as the increase in value-based procurement of medical equipment are the major factors driving the growth of this end-user segment.

Geographical Domination Over the Global Industry:

The market is dominated by Germany, followed by Italy. Germany dominated the market in 2017 and is also poised to grow at highest CAGR during the forecast period. Factors such as large installation base of medical equipment, significant presence of OEMs, well-established healthcare infrastructure, and growing medical technology market are some of the key factors driving the growth of market in this region

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Key Players:

The European medical equipment maintenance market is highly competitive with the presence of both OEMs and ISOs. GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthineers (Germany), Toshiba Medical Systems Europe (Germany), and Drägerwerk AG & Co. KGaA (Germany) are some of the leading OEMs; whereas, TBS Group S.p.A. (Italy), Pantheon Group (Italy), Technologie Sanitarie S.p.A. (Italy), Avensys UK Ltd. (U.K.), and Grupo Empresarial Electromédico (Spain) are some of the leading ISOs operating in the European medical equipment maintenance market. Despite the positive outlook for the market growth in the Europe, budgetary constraints pose a significant challenge for the market growth in coming years.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.


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Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

[email protected]

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