Why is Demand for Maintaining Life Support Equipment High in U.S. Medical Equipment Maintenance Market?


According to a report by P&S Intelligence, the U.S. medical equipment maintenance market is predicted to generate a revenue of $21,358.3 million by 2030, exhibiting a 9.2% CAGR during the forecast period (2020–2030).

The rising awareness regarding preventive medical equipment maintenance services among hospitals, clinics, and healthcare professionals is a major driving factor of the market. In order to decrease the probability of the breaking down of medical equipment, these services need to be performed frequently.

The increasing healthcare expenditure in the healthcare industry in the U.S. is also a major driving factor of the market. The country has an advanced healthcare system and more investments are being made in the industry in order to offer people improved healthcare facilities. The COVID-19 pandemic, however, has had a negative impact on the industry, owing to shutdown of offices, disruption in the supply chain, and disruption in the operations of maintenance service providers.

On the basis of end user, the U.S. medical equipment maintenance market is categorized into private-sector organizations and public-sector organizations, between which, the public sector category held the major share of the market in 2019. The number of publicly-owned healthcare facilities is high in the country. As per the American Hospital Association, the total number of hospitals in the U.S. were 6,146 in 2018.

Out of these, 2,937 hospitals were not-for-profit non-government community hospitals and 1,296 were investor-owned community hospitals. In terms of equipment type, the U.S. medical equipment maintenance market is divided into life support equipment, imaging equipment, surgical equipment, electromedical equipment, dental equipment, and endoscopes. Among all these, the life support division is predicted to progress at the fastest pace in the years to come.

The major reason for the growing demand for life support equipment in the U.S. is the rising incidence of acute cardiac and respiratory conditions and increasing traumatic injuries. As per the Society of Critical Care Medicine, over 5 million patients are admitted every year to the intensive care units in the country. Ascribed to this, life support devices need to be maintained regularly in order to provide critical and emergency care at any time.

Players in the U.S. medical equipment maintenance market are relying on mergers and acquisitions for strengthening their position in the domain. Some of the major companies in the market are Koninklijke Philips N.V., Siemens AG, General Electric Company, FUJIFILM Holdings Corporation, Drägerwerk AG Co. KGaA, Hitachi Ltd., Agiliti Health Inc., Agfa-Gevaert N.V., Carestream Health Inc., Canon Inc., Shimadzu Corporation, Crothall Healthcare, Sodexo Group, and TRIMEDX Holdings LLC.


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Pramod Kumar

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