Developing Medical Devices Industry Driving Medical Equipment Maintenance Market
In 2018, the global medical equipment maintenance market was valued at $16.1 billion, and it is expected to witness a CAGR of 8.7% during the forecast period (2019–2024). The presence of a stringent regulatory environment, rising awareness about preventive medical equipment maintenance, and advancements in the medical device industry are responsible for the growth of the market. Maintenance services, such as predictive, corrective, operational, and preventive maintenance of medical equipment, are offered for ensuring the safety and efficiency of the devices and minimizing failures. In terms of equipment type, the medical equipment maintenance market is divided into electrochemical, dental, imaging, surgical, and life support. The imaging division is predicted to grow at the highest CAGR of 9.2% during the forecast period. This is due to the extensive use of imaging equipment in disease diagnosis and treatment, because of which it requires regular maintenance. Imagine equipment ...