Medical Equipment Maintenance: Role of Leading Companies in Future Growth

Introduction:

Medical equipment maintenance is the practice of maintaining medical equipment in a safe and operational condition. This includes cleaning, inspecting, calibrating, and repairing medical equipment to ensure it meets manufacturer specifications and industry standards.

It also involves preventive maintenance and troubleshooting to detect and correct any potential problems before they become serious. Medical equipment maintenance is a vital part of patient safety and it is essential for hospitals and other healthcare facilities to maintain their medical equipment.

Leading Companies Operating in This Industry:

GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Medtronic plc (Ireland), and FUJIFILM Holdings Corporation (Japan), among others; are dominating the global medical equipment maintenance industry.

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GE Healthcare (US) held the leading position in the medical equipment maintenance market in 2020. The company’s service portfolio includes a wide range of medical equipment services through which it caters to the demand of various end users, including hospitals, ambulatory surgical centers, dialysis centers, and dental clinics.

# In December 2019 GE Healthcare (US) signed a six-year service contract for imaging technologies across Affidea’s network in the Netherlands.

Siemens Healthineers (Germany) held the second position in the medical equipment maintenance market in 2020 due to its significant presence in the medical imaging, laboratory diagnostics, medical information technology, and hearing aid sectors. The company focuses on putting maximum efforts into its selected growth fields and prioritizes businesses for resource allocation. Siemens Healthineers also focuses on strengthening its business through partnerships and agreements.

# In February 2021, Siemens Healthineers (Germany) entered into an eight-year technological partnership with Kantonsspital Baden (KSB, Switzerland)for procurement and maintenance of medical imaging systems, technology management, and the expansion of telemedicine solutions.

Different Growth Strategies Adopted by Key Players:

The competitive landscape includes the analysis of the key growth strategies adopted by major players between 2021 to 2026 to expand their global presence and increase their market shares in the medical equipment maintenance market.

The key growth strategies adopted by the top players in the market include agreements, expansions, and acquisitions. Acquisitions were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market.

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Recent Developments:

1. Automation: Automation of medical equipment maintenance is becoming increasingly popular in order to reduce human labour and increase efficiency. Automated systems can monitor equipment performance, provide automated diagnostics and order maintenance supplies.

2. Cloud Computing: Cloud computing is being used to manage medical equipment maintenance more efficiently. This allows medical equipment technicians to access and manage data remotely, without the need for onsite visits.

3. Predictive Maintenance: Predictive maintenance uses machine learning and analytics to predict when medical equipment maintenance is needed. This allows medical equipment technicians to proactively identify and address maintenance needs before they become major problems.

4. Remote Monitoring: Remote monitoring technology allows medical equipment technicians to monitor and diagnose equipment from remote locations. This helps reduce the need for onsite visits and allows technicians to be more efficient.

5. Wearable Technology: Wearable technology is being used to monitor medical equipment performance in real-time. This allows technicians to detect and address issues quickly and efficiently.

Read the Detailed Report on “Emerging Trends & Global Future Forecasts in Global Medical Equipment Maintenance Industry”, Here..!