Overview

First aid: New technology and rising access to health insurance will boost industry demand

IBISWorld’s Medical Equipment Repair & Maintenance Services Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Demand for industry services is supported by the sale of medical devices
  • Over the past five years, the presence of advanced computers in medical devices has risen
  • The growing popularity of smart devices will likely require more skilled employees

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    Industry Analysis & Industry Trends

    Over the past five years the Medical Equipment Repair and Maintenance Services industry has benefited from increased investment in healthcare and cost-cutting efforts among healthcare providers. Industry performance is impacted by private investment in healthcare and demand for medical device manufacturing. Over the next five years, industry revenue is expected to continue rising, albeit at a slower rate. The number of people with private health insurance is projected to grow slowly over the next five years, illustrating slower growth in the healthcare sector. Slower growth in the healthcare sector will result in minimal increases in demand for industry services...

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    Industry Report - Industry Key Buyers Chapter

    The market share in the Medical Equipment Repair and Maintenance Services industry is low to moderate; however, acquisition activity over the five years to 2017 has increased concentration. Due to the focus of the industry on electromedical equipment, this tends to favor the repair and maintenance businesses of large original equipment manufacturers. Nonetheless, there is a wide range of manufacturers that each provide services for their specific product lines. Additionally, industry revenue is diluted by the presence of a large number of regional and local independent repair service organizations. Market fragmentation is supported to an extent by the time sensitive nature of repair activities. Not..

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    Additional Insights for the Medical Equipment Repair & Maintenance Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Equipment Repair & Maintenance Services Industry are

  • Access to highly skilled workforce
  • Having a good technical knowledge of the product
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Number of people with private health insurance and Demand from medical device manufacturing in the Medical Equipment Repair & Maintenance Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Medical Equipment Repair & Maintenance Services Industry?

    Operators in this industry repair and maintain precision electrical medical equipment and devices. Repairs performed at the expense of a manufacturer (recalls, warranties, etc.) are not included in this industry.

    Industry Products
    Manufacturer repair and maintenance
    Independent repair service organizations
    Industry Activities
    Repairing medical devices
    Routine maintenance of medical equipment

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of people with private health insurance
  • Demand from medical device manufacturing
  • Price of plastic materials and resin
  • Aggregate private investment
  • Private investment in computers and software

  • Current Performance
  • Device manufacturing
  • Device prices
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Stable sector
  • Smart devices
  • Skilled employees
  • Table: Medical Equipment Repair & Maintenance Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Equipment Repair & Maintenance Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Specialist Doctors
  • Diagnostic & Medical Laboratories
  • Hospitals
  • Nursing Care Facilities

  • Key Selling Industries
  • Circuit Board & Electronic Component Manufacturing
  • Medical Device Manufacturing
  • Semiconductor & Circuit Manufacturing
  • Transportation and Warehousing
  • Wire & Cable Manufacturing

  • Products & Services
  • Manufacturer repair and maintenance
  • Independent repair service organizations
  • Chart: Medical Equipment Repair & Maintenance Services Industry Products and Services Segmentation

  • Demand Determinants
  • Healthcare factors
  • Specific factors

  • Major Markets
  • Hospitals
  • Dentists, optometrists, podiatrists and specialists
  • Other
  • Nursing care facilities
  • Primary care doctors
  • Biotechnology and laboratories
  • Emergency and outpatient centers
  • Chart: Major Market Segmentation for the Medical Equipment Repair & Maintenance Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Medical Equipment Repair & Maintenance Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Equipment Repair & Maintenance Services Industry

  • Industry Globalization
    Major Companies
    General Electric CompanyAbbott LaboratoriesSiemens AG
  • Table: General Electric Company - financial performance
  • Table: Abbott Laboratories - financial performance
  • Table: Siemens AG - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Equipment Repair & Maintenance Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Medical Equipment Repair & Maintenance Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Cost-Of-Service
  • The cost of service and maintenance as a percentage of original purchase cost
  • Maintenance Service Agreement
  • Contract sold by repair companies to equipment owners to cover repair activities over a predetermined period
  • Original Equipment Manufacturer (Oem)
  • The manufacturers that produce final equipment, which is repaired by industry companies
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical Equipment Repair & Maintenance Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Equipment Repair & Maintenance Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Equipment Repair & Maintenance Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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