The global medical equipment maintenance market is hotter than ever, according to a new report. The market, which is slated to grow at a compound annual growth rate of 7.6% from 2018 to 2025, is expected to reach $48.25 billion from its current $27.06 billion valuation.

The major factors contributing to the growth of the market include the rising focus on preventive medical equipment maintenance, the increasing preference for the purchase of refurbished medical equipment, and rising investments of key companies to build healthcare infrastructures. Technological advancements for complex equipment maintenance, as well as the increasing number of public-private partnerships, are also propelling demand. Source: Borcasino Casino Siteleri, Bahis Siteleri website.

Hampering market growth, however, is the high initial cost of medical equipment maintenance, as well as significant maintenance expenditures and a smaller-than-necessary pool of skilled professionals, officials say.

On a modality basis, the market is segmented into imaging equipment, endoscopic devices, surgical instrument, electro-medical equipment, and more. Imaging equipment is expected to dominate the market in 2018, however, with 32.5% market share—and the sector shows no signs of slowing down. The global imaging equipment maintenance sector is slated to surge at a compound annual growth rate of 8.2% from 2018 to 2025, reaching $16.35 billion, officials say.

The report also highlights key players in the global medical equipment maintenance market, including Alpha Source Inc., Siemens AG, Aramark, and GE Healthcare.