06242017Headline:

Lucrative Growth Opportunities in the Medical Equipment Maintenance Market in the Upcoming Years

The medical equipment maintenance market (remote monitoring & maintenance) is witnessing significant growth across the globe owing to the rising need to cut healthcare costs, reduce estimated time to repair (ETTR) of equipment, innovations in IT to minimize maintenance costs, and growing need to collect equipment data and integrate healthcare systems. However, data reliability issues associated with remote monitoring systems is a major factor limiting the growth of this market.

The report segments the medical equipment maintenance market (remote monitoring & maintenance) based on modality, vendor type, and region. On the basis of modality, in 2015, the advanced modality segment dominates the medical equipment maintenance market (remote monitoring & maintenance). On the basis of vendor type, the multi-vendor OEMs segment is estimated to grow at the highest CAGR during the forecast period. Growth in this segment is attributed to the fact that major companies in the market are offering full-fledged medical equipment maintenance (remote monitoring and maintenance) services.

Based on modality, the medical equipment maintenance market (remote monitoring & maintenance) is segmented into advanced modality and primary modality. On the basis of vendor type, it is segmented into company specific services and independent service organizations (ISOs). By end-users, it is categorized as hospitals & clinics, diagnostic centers and other end-users.

Currently, North America dominates the medical equipment maintenance market (remote monitoring & maintenance) and Europe represents the second-largest regional segment. The medical equipment maintenance market (remote monitoring & maintenance) in the Asian region holds lucrative growth opportunities. Factors such as increasing public and private funding for the development of healthcare facilities, increasing awareness about diagnosing diseases at an early stage, rising patient population, and growing number of technologically advanced diagnostic imaging systems are likely to propel the growth of this market.

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