Middle East & Africa Medical Equipment Maintenance Market, By Device Type (Imaging Equipment, Endoscopic Devices, Surgical Instruments, Electromedical Equipment, Other Medical Equipment), Service Type (Performance/Operational, Preventive, Corrective), Service Providers (External Service Providers, In-House Service Providers), Level Of Maintenance (Level 1 User (Or First-Line), Level 2 Technician, Level 3 Specialized), End User (Hospitals, Clinics, Laboratory, Other Health Care Centers), Country (Israel, Saudi Arabia, U.A.E., South Africa, Egypt, Qatar, Kuwait, Oman, Bahrain, and Rest of Middle East & Africa), Industry Trends and Forecast to 2029
Market Analysis and Insights: Middle East and Africa Medical Equipment Maintenance Market
Middle East & Africa medical equipment maintenance market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 7.9% in the forecast period of 2022 to 2029 and expected to reach USD 1,710.43 million by 2029. Technological advancement in delivering effective healthcare services can boost the market of maintenance market.
Medical equipment maintenance involves activities which relates to providing adequate level of service in order to maintain the medical equipment. The main objective in doing so is to reduce the down time of medical devices in the facility, this can lead to optimum productivity, saves cost and provide better healthcare services to its consumers. There are two types of medical equipment maintenance techniques which are quite popular and it is categorized as preventive maintenance and corrective maintenance. Preventive maintenance is a method of service in which it proactively initiate tasks of maintenance plans to prevent equipment failures from occurring, it’s also predicts the failure of equipment there by it is also called predictive maintenance. The main objective of preventive maintenance is to minimize the consequence of failure or determining the risk of the failure. It is an established procedure or routine of periodically inspecting equipment, noticing small issues and fixing them before become a major problems. On the other hand, Corrective maintenance is done after the failure has occurred. This done on an immediate bases in order to reduce the downtime of the equipment.
Rising prevalence of chronic diseases across the region is the major driving factor in the market. Lack of infrastructure in healthcare services can prove to be a challenge however emergence of time-efficient solutions & various standards can prove to be an opportunity. The restraint is higher cost associated with the maintenance of the medical equipment. Also challenges faced due to the impact of Covid-19 on the supply chain of the raw materials are the restraining factors.
This Medical equipment maintenance market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Middle East & Africa Medical Equipment Maintenance Market Scope and Market Size
Middle East & Africa medical equipment maintenance market is segmented on the basis of device type, service type, service providers, level of maintenance, end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of device type, the Middle East & Africa medical equipment maintenance market is segmented into imaging equipment, endoscopic devices, surgical instruments, electro medical equipment, other medical equipment. In 2022, imaging equipment held larger share in medical equipment maintenance market owing to factors growing inclination of hospitals and heath firms towards the automation and digitization of radiology and increasing adoption of minimally invasive procedures including diagnostic imaging systems in hospitals and clinics to improve the quality of patient care with minimal invasive marks.
- On the basis of service type, the Middle East & Africa medical equipment maintenance market has been segmented into performance/operational, preventive, corrective. In 2022, preventive segment held larger share in the medical equipment maintenance market due to factors such as growing demands for improving customer experience for medical equipment services, boosting the operation, economic performance of customer service and improved internalization, outsourcing or re-internalization policy of customer service can fuel the growth of maintenance services. The main objective of these service is to improve quality of service, speed at which the service is offered, dependability, flexibility and cost offered by services.
- On the basis of service providers, the Middle East & Africa medical equipment maintenance market has been segmented into external service providers, in-house service providers. In 2022, in-house service providers segment held larger share in the medical equipment maintenance market due to factors such as the increasing cases of chronic disorders is boosting the demand for medical equipment’s. Due to this rising demands for the lifesaving medical equipment’s and medical engineering products, there is a difficulty faced by the organizations to keep in pace with the demand. Services providers plays an important role in keeping the organization functional. As these services providers can ensure uniformity, accuracy, consistency, and accountability of the medical equipment’s.
- On the basis of level of maintenance, the Middle East & Africa medical equipment maintenance market has been segmented into level 1 user (or first-line), level 2 technician, level 3 specialized. In 2022, level 3 specialized segment held larger share in the medical equipment maintenance market due to factors such as the rise of pandemic across globe, it has significantly boosted the patients opting for medical treatment, in order to provide services to these patients the medical equipment’s are running over time. This leads to failure of equipment’s, depending on the nature of failure maintenance services can be offered.
- On the basis of end user, the Middle East & Africa medical equipment maintenance market has been segmented into hospitals, clinics, laboratory, other health care centers. In 2022, Hospitals segment held larger share in the medical equipment maintenance market due to factors such as the growing demands for medical equipment’s such as orthopedic implants and prosthetics, cardiovascular devices, neurovascular devices, general equipment & supplies, patient monitoring equipment, ophthalmic devices in hospitals, which needs to be regularly maintained in order to maintain its efficiency and productivity in order to maintain the service offered to its seekers.
Middle East & Africa Medical Equipment Maintenance Market Country Level Analysis
Middle East & Africa medical equipment maintenance market is analysed and market size information is provided by device type, service type, service providers, level of maintenance, end user.
The countries covered in Middle East & Africa medical equipment maintenance market report are Israel, Saudi Arabia, U.A.E., South Africa, Egypt, Qatar, Kuwait, Oman, Bahrain, and Rest of Middle East & Africa.
Israel is dominating country in this region due to rapidly growing healthcare infrastructure and government initiatives. Saudi Arabia stands second in this region due to increasing health awareness and medical equipment usage. U.A.E. is third dominating country due to growing technological trend in healthcare sector.
Israel is dominating country in this region due to rapidly growing healthcare infrastructure and government initiatives. Also there is increasing automation and digitization of radiology and adoption of minimally invasive procedures including diagnostic imaging systems in hospitals to improve the quality of patient care with minimal invasive marks. This demand for medical equipment’s can boost the market of maintenance market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Middle East & Africa brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Middle East & Africa Medical Equipment Maintenance.
Medical equipment maintenance market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development medical equipment maintenance and changes in regulatory scenarios with their support for the medical equipment maintenance market. The data is available for historic period 2011 to 2020.
Competitive Landscape and Middle East & Africa Medical Equipment Maintenance Market Share Analysis
Middle East & Africa medical equipment maintenance market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Middle East & Africa presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Middle East & Africa medical equipment maintenance market.
The major players covered in the report Koninklijke Philips N.V., Siemens Healthcare GmbH, General Electric Company, FUJIFILM Holdings Corporation, CANON MEDICAL SYSTEMS CORPORATION, Drägerwerk AG & Co. KGaA, Shimadzu Corporation, Hitachi, Ltd., Agfa-Gevaert Group, Olympus Corporation, Medtronic, Carestream Health, KARL STORZ SE & Co. KG, Richard Wolf GmbH, Cook, SAMSUNGHEALTHCARE.COM & Terumo Corporation among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately. Many product developments are also initiated by the companies worldwide which are also accelerating the growth of medical equipment maintenance market.
For instance,
- In September 2021, Shimadzu Corporation had launched Microfocus X-Ray Inspection Systems Xslicer SMX-1010/1020 along with its services. This product was launched to strengthen the company’s radiology portfolio. Moreover, company also focused on its services segment such as maintenance and repair sevices. This had helped the company to expand its market.
- In April 2021, Carestream Health entered into partnership with Ziehm Imaging. The key feature of this partnership was to develop innovative imaging product portfolio and offer its services. This innovative product and services offered by these companies will help the company to expand its Middle East & Africa presence by offering such innovative products.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for medical equipment maintenance market through expanded range of size.
SKU-