According to a new Research and Markets study, the U.S. medical equipment maintenance market is slated to reach $9.5 billion by 2023, with growth primarily attributed to the large pool of installed medical devices in hospitals and diagnostic centers, as well as the strong presence of OEMs and HTM professionals in the United States.
On the basis of equipment type, the U.S. medical equipment maintenance market has been categorized into imaging, electromedical, life support, surgical, dental equipment, and endoscopes. Among these, imaging equipment is expected to be the fastest-growing category, advancing at a compound annual growth rate of 11.2% during the forecast period. The high cost of imaging equipment and the increasing adoption of imaging modalities, such as x-ray and CT, are the key factors contributing to the growth of this sector.
Regarding modality type, the imaging equipment maintenance market has been further segmented into advanced and primary imaging modalities. Research and Markets officials say advanced imaging modalities are in particularly high demand since most U.S. healthcare facilities incorporate these imaging modalities, such as CT and MRI, rather than primary imaging modalities. Furthermore, the increasing adoption of equipment with advanced imaging modalities creates high demand for their maintenance.
Moreover, based on service type, the U.S. medical equipment maintenance market has been classified into preventive, corrective, and operational services. Of these, the preventive category is predicted to lead the U.S. market, both in terms of size and growth, during the forecast period. This growth can be attributed to the increasing adoption of the annual maintenance cost policies by hospitals and other end users in the country, due to various benefits associated with these policies.
Finally, on the basis of end user, the market has been categorized into public-sector and private-sector organizations. The private-sector category is expected to be the faster-growing category in the U.S. medical equipment maintenance market, registering a CAGR of more than 10% during the forecast period.