Major Growth Boosting Factors:

The growth of European Medical Equipment Maintenance Market is mainly driven by the growing number of medical vendors across European region, 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.

Projected Revenue Growth:

The European Medical Equipment Maintenance market is projected to reach USD 19.0 billion by 2026 from USD 12.2 billion in 2021, at a CAGR of 9.3% during the forecast period.

Recent Developments:

# In March 2021, FUJIFILM Corporation (Japan) acquired the Diagnostic Imaging-related Business of Hitachi, Ltd. (Japan) to support R&D, manufacturing, marketing, and maintenance services for diagnostic imaging systems (CT, MRI, X-ray, ultrasound systems, and others), electronic medical records, and other medical-related products and services.

# In February 2021, Siemens Healthineers (Germany) entered into an eight-year technological partnership with Kantonsspital Baden (KSB, Switzerland)for procurement and maintenance of medical imaging systems, technology management, and the expansion of telemedicine solutions.

# In December 2019 GE Healthcare (US) GE Healthcare signed a six-year service contract for imaging technologies across Affidea’s network in the Netherlands.

Download PDF Brochure@
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=243039217

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 European healthcare systems, has led to the emergence of ISOs dedicated to solely providing maintenance services.

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

The European 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.

By End User, the hospitals segment accounted for the largest share of the European medical equipment maintenance market in 2020

Based on End User, the European medical equipment maintenance market has been segmented into the hospitals, diagnostic imaging centers, dialysis centers, ambulatory surgical centers, dental clinics & specialty clinics, and other end users. Among these, the hospitals segment accounted for the largest share of the market in 2020. . The rising patient influx is encouraging hospitals to form alliances and partnerships with medical device maintenance service vendors for the establishment of state-of-the-art in-house maintenance facilities or outsourcing maintenance services.

Germany is expected to command the largest share of the European medical equipment maintenance market in 2020

The report covers the European medical equipment maintenance market across major countries, namely, Germany, UK, France, Italy, Spain, Poland, Austria and Switzerland, Scandinavian Countries, Benelux Countries, Baltic Countries and Rest of Europe. Germany commanded the largest share of the European medical equipment maintenance market in 2020. Market growth is mainly attributed to the strong base of independent service provider and in house maintenance , and the growing installation base for medical devices in healthcare facilities.

Key Market Players:

The major players in the European medical equipment maintenance market are GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), and FUJIFILM Holdings Corporation (Japan), Canon, Inc. (Toshiba Medical System Corporation, Japan), Agfa-Gevaert Group (Belgium), Carestream Health, Inc. (US), Drägerwerk AG & Co. KGaA (Germany), Hitachi Medical Corporation (Japan), Althea Group (Italy), Olympus Corporation (Japan), B. Braun Melsungen AG (Germany), KARL STORZ GmbH & Co. KG (Germany), and Aramark Services, Inc. (US) among others.

Request Sample Pages@
https://www.marketsandmarkets.com/requestsampleNew.asp?id=243039217