Managed Equipment Service Market to Grow by More than 12% CAGR
The managed equipment service market is projected to grow at an expected CAGR of 12.3% during the forecast period 2021-2031. AI (Artificial Intelligence), Big Data and other technologies will continue to expand the effectiveness and importance of medical technology.
A Managed Equipment Service (MES) is a healthcare customer solution to manage medical equipments in a hospital including provision, ownership, installation, purchase, commissioning, user training, maintenance, asset management and replacement. This service ensures scalability, sustainability, and a high-quality clinical output. Due to surging demand of medical devices and pharmaceuticals, the market of MES is expected to grow at a significant rate during the forecast period.
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What are the Key Trends for Managed Equipment Service?
Hospitals and healthcare organizations are adopting MES services to uphold performance and service standards and to train staff of hospital to maintain and use the equipment. They are continuously doing multi-year contracts with MES companies to place an IT system, which can monitor the use of equipment. Over time, it results in better planning for equipment purchases. Such trends are triggering the growth of managed equipment service, globally.
There is an increase in the development of affordable medical equipments from innovative companies from emerging markets such as China and India that are competing both on quality and price.
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Europe Demand Outlook for Managed Equipment Service
Europe is expected to witness a high growth as the region is witnessing high demand of managed equipment services for emerging market health. There is an increase in governmental regulations and stringent quality control guidelines, which will fuel the growth of MES market in Europe.
The healthcare industry in the region is focusing on implementing the MES solution to ensure scalability, sustainability, and a high-quality clinical output. Due to such factors, the market of MES will see many opportunities for growth in this region.
Who are the Key Managed Equipment Service Vendors?
Some of the leading vendors of managed equipment service include
• Siemens Healthcare GmbH
• GE Healthcare
• Toshiba Medical Systems Europe B.V.
• Koninklijke Philips NV
• Stryker Corporation
• Cardiac Services Inc.
• Olympus Corporation
• Healthcare Technologies International
• Asteral Ltd.
• ClearMedi Healthcare Pvt. Ltd.
• Serco Group
are some of the key players in the market. These companies are increasing their market share through strengthening customer relationships, innovation, smart hiring practices, and acquiring competitors.
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