SAN FRANCISCO, Oct. 21, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Medical Equipment Maintenance - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 7203
Companies: 42 - Players covered include Agenor Mantenimientos; Agfa-Gevaert NV; Althea Group; B. Braun Melsungen AG; BCAS Biomedical Services Ltd. (BCAS Biomed); Canon Medical Systems Corporation; Dragerwerk AG & Co. KGaA; GE Healthcare; Grupo Empresarial Electromedico; Hitachi Medical Corporation; Koninklijke Philips NV; Medtronic PLC; Olympus Corporation; Siemens Healthineers; Tbs Group S.P.A; Technologie Sanitarie S.P.A. and Others.
Coverage: All major geographies and key segments
Segments: Device (Imaging Equipment, Endoscopic Devices, Surgical Instruments, Electromedical Equipment, Other Devices)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Medical Equipment Maintenance Market to Reach $53.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Medical Equipment Maintenance estimated at US$31.4 Billion in the year 2020, is projected to reach a revised size of US$53.4 Billion by 2026, growing at a CAGR of 9% over the analysis period. Imaging Equipment, one of the segments analyzed in the report, is projected to record a 9.8% CAGR and reach US$32.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Endoscopic Devices segment is readjusted to a revised 9.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.4 Billion in 2021, While China is Forecast to Reach $9.3 Billion by 2026
The Medical Equipment Maintenance market in the U.S. is estimated at US$10.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.3 Billion by the year 2026 trailing a CAGR of 8.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.5% and 7.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.
Surgical Instruments Segment to Reach US$7.1 Billion by the year 2026
In the global Surgical Instruments segment, USA, Canada, Japan, China and Europe will drive the 8.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.6 Billion in the year 2020 will reach a projected size of US$6.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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About Global Industry Analysts, Inc. & StrategyRtm
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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