Showing posts with label Medical Equipment Maintenance Market. Show all posts
Showing posts with label Medical Equipment Maintenance Market. Show all posts

What Role Government Authorities Play in U.S. Medical Equipment Maintenance Market Growth?

With every passing day, the dependence of humans on technology and machines is increasing. In healthcare for example, till at least the last decade of the 19th century, most diagnoses were made by doctors using nothing but their medical knowledge and skill, which wasn’t always accurate. Now, imaging systems, vital sign monitors, pathology machines, such as blood or urine analyzers, and several other electrical systems are a common sight at healthcare settings. Their importance in diagnosis and surgery makes then run throughout the day, seven days a week, which leads to wear and tear.


Preventive, operational, and corrective are the three types of repair services provided for medical devices and systems. Among these, healthcare entities in the country majorly go for preventive services, as these are provided via annual maintenance contracts (AMC), which are quite popular among customers here. AMCs generally offer numerous service cycles for a fixed payment every year, which comes out to be cost-effective for healthcare providers. Additionally, preventive maintenance is essential to keep the systems in prime operating conditions, so that unexpected breakdowns can be avoided.

Apart from the need to keep their systems in optimum condition and prevent breakdowns and operational calamities, another factor which pushes medical firms to regularly service their equipment is the strict government regulations imposed on the healthcare sector. With medical devices being used on lots of sick people every day, the chances of hospital-acquired infections (HAI) increase. As per the Centers for Disease Control and Prevention (CDC), one in every 31 patients gets an HAI in the country every day. As maintenance services also include a thorough cleaning of the equipment, health centers are mandated to avail of those.

The companies in the U.S. medical equipment maintenance market provide these solutions for imaging, electromedical, life-support, surgical, and dental equipment, and endoscopes. Imaging equipment is the most regularly serviced of all, as it is more expensive than others and premature replacement due to avoidable factors would lead to unnecessary expenditure for medical centers. This is also attributed to the increasing procurement of X-ray, ultrasound, magnetic resonance imaging (MRI), computed tomography (CT), nuclear imaging, and other such diagnostically and surgically important systems in the country.

Hence, with a rise in the installation of medical equipment in the U.S., the demand for their maintenance and repairs would also increase.


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What are Key Factors Driving the Growth of Medical Equipment Maintenance Market?

 The market growth is propelled by the improvements in medical devices, rise in the awareness regarding preventive maintenance, and stringent regulatory ecosystem. At present, end users are entering into multi-vendor contracts to reduce the complexities and additional expenses related to different services offered under individual agreements with the producers of medical equipment.

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One of the key growth drivers for the medical equipment maintenance market is the advancements in the medical device industry. Manufacturers of medical equipment are developing an array of high-quality products by using innovative technologies, on account of the heavy investments in research and development (R&D) activities. Medical devices have a certain life expectancy and need maintenance or replacement after a certain time. Thus, the expansion of the medical device industry will boost the market growth during the forecast period.

Another factor supporting the medical equipment maintenance market growth is the rising awareness regarding preventive medical equipment maintenance. Healthcare facilities are emphasizing cleanliness due to the guidelines laid down by international organizations to prevent infections and improve the cleanliness regimen. For example, as per the hospital hygiene and infection control guidelines of the World Health Organization (WHO), hospitals must focus on equipment management. Due to this, healthcare facilities are adopting numerous types of maintenance services for various medical devices.

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Moreover, the Asia-Pacific medical equipment maintenance market is projected to exhibit the fastest growth during the forecast period. This market is stimulated by the rising number of diagnostic tests in the region and increasing incidence of chronic ailments, which need medical devices for early diagnosis. Moreover, the rapid rise in the number of hospitals in the region, especially in China, will drive the market growth in the future. The number of hospitals in China increased from 27,600 in 2015 to nearly 33,000 in 2019.

Thus, the largescale construction of hospitals, rapid installation of advanced medical equipment, and increasing awareness regarding preventive medical equipment maintenance will fuel the market growth in the coming years.


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