U.S. Medical Equipment Maintenance Market Drivers, Restraints, and Challenges Shaping the Disposable Medical Device Sensors Market Dynamics

By -

The major factors behind the growth of the U.S. medical equipment maintenance market are the increasing healthcare expenditure as a percentage of gross domestic product (GDP), large number of medical devices installed in diagnostic centers and hospitals, and presence of a large number of maintenance service providers and original equipment manufacturers (OEM). The market was valued at $5.4 billion in 2017, and it is expected to generate a revenue of $9.5 billion by 2023, progressing at a CAGR of 10.0% during the forecast period (2018–2023), according to P&S Intelligence.
In the U.S. medical equipment maintenance market, there are three types of services available, i.e. preventive, corrective, and operational. Out of these, preventive services are predicted to advance with a CAGR of 13.7% during the forecast period, attaining a size of $2.3 billion by 2023. This is ascribed to the surging popularity of annual maintenance cost programs among hospitals and other end users. Further, based on service provider, the market is categorized into independent service organizations (ISOs), OEMs, and in-house maintenance.
Request to Get the Sample Pages at:
Out of these, the OEM category held the largest share of 72.4% in the market. As compared to other categories the services offered by OEMs are reliable, better, and swift. OEMs are the companies that manufacture parts or complete medical equipment, which are further marketed by other industrialists. They are more likely to meet the product specifications and original standards implemented for product manufacturing and servicing. This category is further bifurcated into single and multi-vendor. Of these, during the forecast period, the multi-vendor category is anticipated to experience the higher CAGR.

The healthcare sector in the U.S. is highly developed and advanced as compared to the other countries. Various technologically-advanced products are used in healthcare settings to offer better facilities to patients. Also, the U.S. medical devices sector is highly diversified and manufactures a variety of products to diagnose and treat diseases. High-quality medical products are being produced with the use of advanced technology, resulting from huge investments in research and development (R&D). Thus, due to the expanding medical equipment industry, various end users in the country are using these devices; the end users also require maintenance services.

Hence, with the improvements in medical devices, the U.S. medical equipment maintenance market is also growing.
Read More….

Comments

Post a Comment

Popular posts from this blog

Hospital Bed Market by Type, Treatment, Geography – Market Size, Growth and Demand

By -
Image
Global hospital bed market is forecasted to attain a size of $4.6 billion by 2023, according to P&S Market Research.The market is mainly driven by the increasing prevalence of chronic diseases, growing healthcare expenditure, surging aging population, and development of advanced hospital bed solutions. Based on the type of bed, the hospital bed market has been categorized into general, birthing, pediatric, pressure relief, and others. Of all types, the fastest growth during the forecast period in the global market is expected from general beds, with 5.8% CAGR, due to their low cost as compared to other beds. Based on treatment, the market has been categorized into acute care, critical care, and long-term care beds. During the forecast period, the hospital bed market for critical care is expected to grow the fastest among all types, with a CAGR of 6.0%. This growth is attributed to the fact that critical-care beds allow lateral tilting of patients, which helps in blood circula...
Read more

How the Patient Handling Equipment Market Has Witnessed Substantial Growth in Coming Years?

By -
Image
A report by the United Nations Department of Economic and Social Affairs said that the global population of people in the 60 and above age group is rising rapidly. By the end of 2050, the global share of this age group is expected to grow to 21.1% from 11.7% in 2013. Additionally, the number of people in this age group is predicted to be around 324 million in India, 437 million in China, 58 million in Brazil, and 107 million in the U.S. by 2050. One of the major contributors of the growing elderly population is the increasing life expectancy rate.  Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/patient-handling-equipment-market/report-sample Taking care of the bed-ridden patients or patients with restricted mobility can be taxing for caregivers. They have to perform many tasks, such as lifting, transferring them from one place to another, repositioning, bathing, and dressing a patient. Manual lifting of patients is one of the major risk factors...
Read more

Facial Skin Ablative Treatment Market To Reach $8,394.3 Million by 2030

By -
Image
 Drivers such as the booming geriatric population, surging number of aesthetic procedures, growing awareness regarding advanced aesthetic treatments, and increasing technological advancements will facilitate the facial skin ablative treatment market growth at a CAGR of 7.8% during the forecast period (2020–2030). The market was valued at $4,134.6 million in 2019, and it is expected to reach $8,394.3 million by 2030 . With the increasing focus on improved appearances, the demand for energy-based aesthetic treatments will amplify in the coming years. The increasing awareness regarding aesthetic procedures, on account of the rising number of exhibitions, seminars, and conferences aimed at generating awareness among the general public and healthcare professionals about the developments in aesthetic and cosmetic treatments will act as a catalyst for the market growth. For example, EuroMediCom (Informa Group) organized the Aesthetic & Anti-Aging Medicine World Congress (AMWC) in Apri...
Read more