North America Medical Equipment Maintenance Market to 2027 - Regional Analysis and Forecasts By Device Type (Electromedical Equipment, Endoscopic Devices, Surgical Instruments, and Other Medical Equipment); Service Type (Preventive Maintenance, Corrective Maintenance and Operational Maintenance); Service Provider (Original Equipment Manufacturers, Independent Service Organizations, and In-House Maintenance) and Country

Abstract
North America Medical Equipment Maintenance Market to 2027 - Regional Analysis and Forecasts by Device Type, Service Type, and Service Provider

North America, the medical equipment maintenance market, is anticipated to reach US$ 14,387.30 Mn in 2027 from US$ 6,542.44 Mn in 2018. The market is projected to grow with a CAGR of 9.3% from 2019-2027.

The medical equipment maintenance market is growing primarily due to the prevalence of chronic diseases, growing medical equipment, and increasing purchase of refurbished medical systems are expected to boost the market over the years. Restraining factors, such as stringent regulatory policies, are likely to damage the growth of the market in the coming years. On the other hand, the growing public, private partnership in the healthcare industry is expected to have a positive impact on the growth of the North America medical equipment maintenance market in the coming years.

Medical equipment requires calibration, maintenance, repair, user training, and decommissioning; clinical engineers manage these activities. Medical equipment management programs (MEMPs) are conducted by most hospitals to fix, inspect, and maintain their medical devices. Preventive and corrective maintenance is concerned with frequency scheduled activities as well as repairs after the equipment is out of service.

Chronic diseases such as obesity, stroke, diabetes, and heart disease, are amongst the foremost causes of death and account for most of the nation’s health care costs. According to the data of the Centers for Disease Control and Prevention (CDC), in 2019, about 6 in 10 people in the US suffer from at least one chronic disease, and 4 in 10 people have two or more chronic conditions. Also, cancer is one of the significant causes of death in the North American region. Additionally, the American Cancer Society (ACS) estimated that in 2018, there was a diagnosis of approximately 1,735,350 new cancer cases. According to the Kidney Foundation of Canada, it is estimated that 70% - 80% of the cases are diagnosed with calcium oxalate stones in 2018. The prevalence of nephrolithiasis was approximately 10% in men and 7% in women in 2015 in the US. Hence, the increase in the prevalence of chronic diseases is expected to drive the market during the forecast period.

In 2018, the electromedical equipment segment held the most significant market share of the medical equipment maintenance market by device type. The segment is also anticipated to hold a substantial share in the market in 2027. However, the endoscopic devices segment is expected to grow at the fastest rate during the coming year owing to an increase in the number of disorders needing the procedure of endoscopy and the various launches and product enhancements in endoscopes.

In 2018, the preventive maintenance segment held a most significant market share of the medical equipment maintenance market, by service type. This segment is also anticipated to hold a considerable portion of the market in 2027 owing to the advantage of preventive maintenance as it saves money in emergency improvements or total replacement of a device. The segment is also anticipated to witness growth at a significant rate during the forecast period, 2018 to 2027.

The independent service organizations segment is anticipated to grow at a CAGR during the forecast period, owing to factors such as they maintain, refurbish, or repair a complete device after distribution; also, they operate independently to meet the original intended use.

Some of the significant primary and secondary sources for medical equipment maintenance included in the report are World Health Organization (WHO), Food and Drug Administration (FDA), International Trade Administration (ITA), and others.

Content
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Medical Equipment Maintenance Market - By Device Type
1.3.2 North America Medical Equipment Maintenance Market - By Service Type
1.3.3 North America Medical Equipment Maintenance Market - By Service Provider
1.3.4 North America Medical Equipment Maintenance Market - By Country
2. North America Medical Equipment Maintenance Market- Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Medical Equipment Maintenance Market - Market Landscape
4.1 overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
5. North America Medical Equipment Maintenance Market - Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Prevalence of Chronic Diseases
5.1.2 Increasing Purchase of Refurbished Medical Systems
5.1.3 Growing Medical Equipment Market
5.2 Key Market Restraint
5.2.1 Stringent Regulatory Policies
5.3 Key Market Opportunities
5.3.1 Growing Public Private Partnership in Healthcare Industry
5.4 Future Trends
5.4.1 Super Specialty and Multi-Specialty Hospitals are Expanding in North America
5.5 Impact Analysis
6. Medical Equipment Maintenance Market - North America Analysis
6.1 North America Medical Equipment Maintenance Market Revenue Forecasts and Analysis
6.2 Positioning Of Key Players
7. North America Medical Equipment Maintenance Market Analysis And Forecasts To 2027 - Device Type
7.1 Overview
7.2 North America Medical Equipment Maintenance Market Share by Device Type 2018 & 2027 (%)
7.2.1 North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
7.3 Electromedical Equipment
7.3.1 Overview
7.3.2 North America Electromedical Equipment Market Revenue and Forecast to 2027 (US$ Mn)
7.4 Endoscopic Devices
7.4.1 Overview
7.4.2 North America Endoscopic Devices Market Revenue and Forecast to 2027 (US$ Mn)
7.5 Surgical Instruments
7.5.1 Overview
7.5.2 North America Surgical Instruments Market Revenue and Forecast to 2027 (US$ Mn)
7.6 Other Medical Equipment
7.6.1 Overview
7.6.2 North America Other Medical Equipment Market Revenue and Forecast to 2027 (US$ Mn)
8. North America Medical Equipment Maintenance Market Analysis And Forecasts To 2027 - Service Type
8.1 Overview
8.2 North America Medical Equipment Maintenance Market Share by Service Type 2018 & 2027 (%)
8.2.1 North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
8.3 Preventive Maintenance
8.3.1 Overview
8.3.2 North America Preventive Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
8.4 Corrective Maintenance
8.4.1 Overview
8.4.2 North America Corrective Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
8.5 Operational Maintenance
8.5.1 Overview
8.5.2 North America Operational Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
9. Medical Equipment Maintenance Market Analysis And Forecasts To 2027 - Service Provider
9.1 Overview
9.2 North America Medical Equipment Maintenance Market Share by Service Provider 2018 & 2027 (%)
9.2.1 North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
9.3 Original Equipment Manufacturers
9.3.1 Overview
9.3.2 North America Original Equipment Manufacturers Market Revenue and Forecast to 2027 (US$ Mn)
9.4 Independent Service Organizations
9.4.1 Overview
9.4.2 North America Independent Service Organizations Market Revenue and Forecast to 2027 (US$ Mn)
9.5 In-House Maintenance
9.5.1 Overview
9.5.2 North America In-House Maintenance Market Revenue and Forecast to 2027 (US$ Mn)
10. Medical Equipment Maintenance Market Revenue and Forecasts to 2027 - Country Analysis
10.1 North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027
10.1.1 Overview
10.2 North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.2.1 North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.2.2 North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.2.3 North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.3 North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Country (%)
10.4 US Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.1 US Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.1.1 US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.4.1.2 US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.4.1.3 US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.5 Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.1 Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.5.1.1 Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.5.1.2 Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.5.1.3 Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
10.6 Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.6.1 Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
10.6.1.1 Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
10.6.1.2 Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
10.6.1.3 Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
11. North America Medical Equipment Maintenance Market -Industry Landscape
11.1 Overview
11.2 Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019
11.3 Organic Developments
11.3.1 Overview
11.3.2 Organic Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019
11.4 Inorganic Developments
11.4.1 Overview
11.4.2 Inorganic Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019
12. North America Medical Equipment Maintenance Market-Key Company Profiles
12.1 Boston Scientific Corporation
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 Service Portfolio
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Medtronic
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 Service Portfolio
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Stryker
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 Service Portfolio
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Edwards Lifesciences Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 Service Portfolio
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Johnson & Johnson Services, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 Service Portfolio
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Abbott
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 Service Portfolio
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Terumo Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 Service Portfolio
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 B. Braun Melsungen AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 Service Portfolio
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Aramark
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 Service Portfolio
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Althea Group
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 Service Portfolio
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
13.3 Methodology
13.3.1 Coverage
13.3.2 Secondary Research
13.3.3 Primary Research

LIST OF TABLES
Table 1. North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 2. North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 3. North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 4. North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 5. North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 6. North America Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 7. US: R&D investments by Medical Device Companies, (2018)
Table 8. US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 9. US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 10. US Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 11. Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 12. Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 13. Canada Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 14. Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Device Type (US$ Mn)
Table 15. Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Type (US$ Mn)
Table 16. Mexico Medical Equipment Maintenance Market Revenue and Forecasts to 2027, By Service Provider (US$ Mn)
Table 17. Recent Organic Growth Strategies in the Medical Equipment Maintenance Market
Table 18. Recent Inorganic Growth Strategies in the Medical Equipment Maintenance Market
Table 19. Glossary of Terms, Medical Equipment Maintenance Market

LIST OF FIGURES
Figure 1. Medical Equipment Maintenance Market Segmentation
Figure 2. North America Medical Equipment Maintenance Market Overview
Figure 3. Electromedical Equipment Segment Held Largest Share Of The Device Type Segment In Medical Equipment Maintenance Market
Figure 4. US Is Expected To Show Remarkable Growth During The Forecast Period
Figure 5. North America Medical Equipment Maintenance Market- Leading Country Markets (US$ Mn)
Figure 6. North America Medical Equipment Maintenance Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Medical Equipment Maintenance Market Impact Analysis Of Driver And Restraints
Figure 9. North America Medical Equipment Maintenance Market - Revenue Forecasts and Analysis - 2018- 2027
Figure 10. Market Positioning Of Key Player In North America Medical Equipment Maintenance Market
Figure 11. North America Medical Equipment Maintenance Market Share By Device Type 2018 & 2027 (%)
Figure 12. North America Electromedical Equipment Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Endoscopic Devices Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. North America Surgical Instruments Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Other Medical Equipment Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Medical Equipment Maintenance Market Share by Service Type 2018 & 2027 (%)
Figure 17. North America Preventive Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Corrective Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. North America Operational Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Medical Equipment Maintenance Market Share by Service Provider 2018 & 2027 (%)
Figure 21. North America Original Equipment Manufacturers Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. North America Independent Service Organizations Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. North America In-House Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. North America Medical Equipment Maintenance Market Revenue Overview, by Country (2018) (US$ Mn)
Figure 25. North America Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. North America Medical equipment maintenance Market Revenue and Forecasts to 2027, By Country (%)
Figure 27. US Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Canada Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Mexico Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 30. Growth Strategies in the Medical Equipment Maintenance Market, 2016-2019