HTM Market Projected to Reach $146 Billion by 2035 as AI and Predictive Maintenance Expand
Growth reflects increasing reliance on connected medical devices, lifecycle management, and data-driven service models.
Growth reflects increasing reliance on connected medical devices, lifecycle management, and data-driven service models.
A surge of malignant gastrointestinal, respiratory, and colorectal diseases are some of the factors propelling endoscope market growth.
According to a report from P&S Intelligence, the abundance of new and repeatedly used complex medical machinery in the U.S. will contribute to the growth of the country's medical equipment maintenance market, from $8.26 billion in 2019 to $21.36 billion in 2030.
Growth reflects increasing reliance on connected medical devices, lifecycle management, and data-driven service models.
The medical equipment maintenance market is hotter than ever—slated to grow at a compound annual growth rate of 11% from 2020 to 2027, reaching $70.1 billion. The major factor driving this increase? A rising focus on preventive maintenance.
Read MoreAt the end of 2018, a Moody’s report predicted that 2019 would be a standout year for the medical device industry. The prediction proved to be correct.
Read MoreAccording to a new study, the global medical device market is expected to reach $409.5 billion by 2023, increasing at a CAGR of 4.5%. Key factors driving this growth include innovations in technology, as well as the rising prevalence of cardiovascular diseases and other chronic ailments.
Read MoreMajor factors expected to drive the projected market growth include, among other factors, a rising level of expertise required for the maintenance of preventive medical instrumentation, as well as stronger demand for refurbished medical equipment as healthcare organizations continue to seek ways to cut costs.
Read MoreResearch and Markets has announced the availability of its latest report, which names the key players and drivers in the endoscopy devices market. According to the report, the global endoscopy devices market is expected to continue growing at a compound annual growth rate of 5.53% between 2014 and 2019.
Read More