The U.S. medical equipment maintenance market is predicted to generate a revenue of $21.3 billion by 2030, exhibiting a 9.2% CAGR during the forecast period (2020-2030), according to Research and Markets’ new report, “U.S. Medical Equipment Maintenance Market Research Report: By Equipment Type, Service Type, Service Provider, End User – Industry Analysis and Growth Forecast to 2030.”
The rising awareness regarding preventive medical equipment maintenance services among hospitals, clinics, and healthcare professionals is a major driving factor of the market. According to the report, this is seen in an increasing number of multi-vendor contracts and the rising adoption of equipment insurance.
In terms of equipment type, the U.S. medical equipment maintenance market is divided into life support equipment, imaging equipment, surgical equipment, electromedical equipment, dental equipment, and endoscopes. Report data shows the life support segment is predicted to progress at the fastest pace in the years to come.
The major reason for the growing demand for life support equipment in the U.S. is the rising incidence of acute cardiac and respiratory conditions and increasing traumatic injuries. As per the Society of Critical Care Medicine, over 5 million patients are admitted every year to United States intensive care units. And if course to in order to provide critical and emergency care, life support devices need to be regularly maintained.
The report notes that major players in the U.S. medical equipment maintenance market are relying on mergers and acquisitions to strengthen their positions in this domain.
For more information about this report, visit Research and Markets.