Saturday, April 13, 2024

U.S. Medical Equipment Maintenance Market Will Reach USD 21,358.3 Million By 2030

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The U.S. medical equipment maintenance market is witnessing growth and is projected to reach USD 21,358.3 million by 2030. This development of the industry can be credited to the improvements in the medical device market, increasing alertness on preventive medical equipment maintenance, and the existence of a strict governing environment in the nation.

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On the basis of equipment type, the U.S. medical equipment maintenance industry has been divided into electromedical equipment, imaging equipment, surgical equipment, life support equipment, endoscopes, and dental equipment. Between these, the imaging equipment category had the largest share in the industry in recent years.

The advanced cost of imaging equipment compared to others and the growing acceptance of imaging modalities, like ultrasound, X-ray, and computed tomography, for clinical applications are the major reasons contributing to the largest share of this category in the U.S. industry.

In recent years, the preventive maintenance category had the largest share in the U.S. medical equipment maintenance industry, based on service type. The category is also projected to experience the highest CAGR during the projection period.

This growth of the market can be credited to the growing acceptance of annual maintenance contract guidelines by hospitals and other end users in the nation, because of the numerous aids linked with them.

Of all the states, Texas led the U.S. medical equipment maintenance industry in recent years, and it is projected to experience the highest CAGR during the projection period. This is primarily because of the existence of a significantly high count of hospitals in the state, armed with the rising healthcare spending.

State agencies, like the Texas Department of Aging and Disability Services, Texas Health and Human Services Commission, and Texas Department of State Health Services, account for more than 83% of all healthcare expenditures in the state annually.

For the reduction of complexity and extra costs relating to specific services under agreements with manufacturers of medical equipment, end customers on the maintenance market for healthcare facilities in this country are increasing their willingness to enter into multiple vendor contracts.

For example, the RightFit portfolio of service agreements for patient monitoring and ultrasound machines is offered by Koninklijke Philips N.V. In the framework of this service agreement, a customer can choose to receive Remote Service Support in order to proactively monitor Phillips and nonPhilips imaging systems.

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In the U.S., a count of technically progressive medical devices and linked items are utilized by healthcare specialists and establishments to offer world-class amenities to patients. As per the Information Technology News in January 2020, healthcare specialists are looking forward to technical improvements, like hyper-automation, which comprises ML and artificial intelligence (AI); and automatic relocation machinery.

SOURCE: P&S Intelligence


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