Regular maintenance of medical equipment is vital for healthcare institutions as it safeguards their significant investment. Institutions can prolong the lifespan of the equipment, optimizing the return on investment by ensuring proper maintenance. This preventative approach minimizes the likelihood of premature failures and breakdowns, reducing the need for costly emergency replacements. Medical equipment maintenance reduces long-term operational expenses and improves healthcare service efficiency and reliability.
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Data Bridge Market Research analyses the Middle East and Africa Medical Equipment Maintenance 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, which was USD 930.96 million in 2021. The Middle East and Africa medical equipment maintenance market is propelled by a surge in healthcare expenditure attributed to population growth, urbanization, and the escalating burden of non-communicable diseases. This heightened investment fosters a growing demand for top-tier medical equipment maintenance services, ensuring optimal functionality and longevity of healthcare equipment in the region.
Key Findings of the Study
Increasing technological advancements in medical devices is expected to drive the market's growth rate
The surge in technological advancements in medical devices across the Middle East and Africa (MEA) region has propelled the demand for specialized maintenance services. The increasing adoption of advanced healthcare technologies has introduced greater complexity to medical equipment. As these devices become more sophisticated, healthcare providers are emphasizing the need for reliable maintenance solutions. Ensuring the optimal functioning of these advanced medical devices is essential, prompting a growing reliance on specialized maintenance services to keep equipment up-to-date and in optimal working condition. This trend is a key driver fueling the growth of the MEA medical equipment maintenance market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022-2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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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),
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Countries Covered
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U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany), General Electric Company (GE Healthcare) (U.S.), FUJIFILM Holdings Corporation (Japan), CANON MEDICAL SYSTEMS CORPORATION (Japan), Drägerwerk AG and Co. KGaA (Germany), Shimadzu Corporation (Japan), Hitachi, Ltd. (Japan), Agfa-Gevaert Group (Belgium), Olympus Corporation (Japan), Medtronic (Ireland), Carestream Health (U.S.), KARL STORZ SE and Co. KG (Germany), Richard Wolf GmbH (Germany), Cook (U.S.), SAMSUNGHEALTHCARE.COM (Samsung Medison) (South Korea), Terumo Corporation (Japan)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The Middle East and Africa medical equipment maintenance market is segmented on the basis of device type, service type, service providers, level of maintenance, and end user.
- On the basis of device type, the Middle East and Africa medical equipment maintenance market is segmented into imaging equipment, endoscopic devices, surgical instruments, electro medical equipment, and other medical equipment
- On the basis of service type, the Middle East and Africa medical equipment maintenance market has been segmented into performance/operational, preventive, and corrective
- On the basis of service providers, the Middle East and Africa medical equipment maintenance market has been segmented into external service providers, and in-house service providers
- On the basis of level of maintenance, the Middle East and Africa medical equipment maintenance market has been segmented into level 1 user (or first-line), level 2 technician, and level 3 specialized
- On the basis of end user, the Middle East and Africa medical equipment maintenance market has been segmented into hospitals, clinics, laboratory, and other health care centers
Major Players
Data Bridge Market Research recognizes the following companies as the major Middle East and Africa medical equipment maintenance market players in Middle East and Africa medical equipment maintenance market are Koninklijke Philips N.V. (Netherlands), Siemens Healthcare GmbH (Germany), General Electric Company (GE Healthcare) (U.S.), FUJIFILM Holdings Corporation (Japan), CANON MEDICAL SYSTEMS CORPORATION (Japan), Drägerwerk AG and Co. KGaA (Germany)
Market Developments
- In July 2022, B. Braun launched its Technical Service Center, a significant initiative aimed at bolstering the provision of medical equipment repair and maintenance services. This endeavor was specifically designed to contribute to the enhancement of the Thailand public health system. By focusing on quality-driven repair and maintenance solutions, B. Braun demonstrated its commitment to supporting the healthcare infrastructure in Thailand
- In May 2022, Medical Manufacturing Technologies (MMT) marked a strategic expansion in its catheter manufacturing solutions through the acquisition of Medical Production Technology Europe (MPT). This acquisition fortified MMT's capabilities in equipment and process development, particularly in areas such as balloon forming, folding and pleating, thermal bonding, and stent crimping solutions. The move positioned MMT as a more comprehensive provider in the medical manufacturing sector
- In September 2021, Shimadzu Corporation launched the Microfocus X-Ray Inspection Systems, namely Xslicer SMX-1010/1020, as part of its strategic move to reinforce its radiology portfolio. The focus extended beyond product launch to encompass services, with an emphasis on maintenance and repair offerings. This dual approach enriched the company's market presence and positioned it as a provider of comprehensive solutions in the field of X-ray inspection systems
- In April 2021, Carestream Health collaborated with Ziehm Imaging. The collaboration's primary objective was the joint development of an innovative imaging product portfolio and the provision of associated services. This innovative product and service offering was envisioned as a strategic move to expand the market presence of both companies, particularly in the Middle East and Africa. The partnership highlighted a commitment to delivering cutting-edge solutions in medical imaging to the MEA region
Regional Analysis
Geographically, the countries covered in the Middle East and Africa medical equipment maintenance market report are U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
Israel is the dominant country in Middle East and Africa medical equipment maintenance market during the forecast period 2022-2029
Israel dominates in the market due to a dynamic interplay of factors. The country's commitment to rapid healthcare infrastructure growth and proactive government initiatives has fueled a transformative evolution. Israel's emphasis on innovation, supported by robust research and development, has led to the adoption of cutting-edge medical technologies. This surge in technological sophistication necessitates specialized maintenance services to ensure optimal performance. Public-private partnerships and a focus on maintaining high healthcare standards further contribute to Israel's leadership. The nation's influence extends beyond its borders, setting a regional benchmark for healthcare excellence and fostering collaboration.
Saudi Arabia is estimated to be the fastest growing country in Middle East and Africa medical equipment maintenance market the forecast period 2022-2029
Saudi Arabia is expected to experience significant growth in the Middle East and Africa healthcare sector due to a multifaceted approach that combines heightened health awareness, increasing utilization of medical equipment, and strategic government initiatives. The population's growing consciousness of health issues has driven a surge in demand for healthcare services and advanced medical technologies. Collaborations between the public and private sectors, coupled with investments in healthcare infrastructure, have positioned Saudi Arabia as a hub for cutting-edge medical solutions. The country's commitment to medical tourism further amplifies the need for efficient maintenance services to sustain the reliability of medical equipment.
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