Medical Equipment Maintenance Market (Remote monitoring & maintenance) - Global Forecast to 2020

The global medical equipment maintenance market (remote monitoring & maintenance) is expected to reach USD 2,242.0 million by 2020 from USD 1,034.2 million in 2015, at a CAGR of 16.7% during the forecast period. This market is experiencing remarkable growth due 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, the advance modality segment dominates the medical equipment maintenance market (remote monitoring & maintenance), with a share of 59.5% in 2015. On the basis of vendor type, the multi-vendor OEMs segment is estimated to grow at the highest CAGR of 17.1% 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.
Apart from the comprehensive geographical analysis, offered service analysis, and market sizing; the report also provides a competitive landscape that covers the growth strategies adopted by industry players in the last three years. In addition, the company profiles comprise basic views on the key players and their product portfolios, developments, and strategies adopted. The above-mentioned market research data, current market sizes, and forecast of future trends will help key players and new entrants make informed decisions regarding service offerings, geographical focus, and change in strategic approach, R&D investments for innovations in products and technologies, and levels of output in order to remain successful.
Reasons to Buy the Report:
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms, garner greater market shares. Firms purchasing the report can use any one or a combination of the below mentioned five strategies (market penetration, service development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.
The report provides insights on the following pointers:
‧ Market Penetration: Comprehensive information on the product & service portfolios of the top players in the medical equipment maintenance (remote monitoring and maintenance) market. The report analyzes this market by modality, vendor type, and region
‧ Product & Service Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new service offerings in the medical equipment maintenance (remote monitoring and maintenance) market
‧ Competitive Assessment: In-depth assessment of market strategies, geographical and business segments, and product & service portfolios of the leading players in the medical equipment maintenance (remote monitoring and maintenance) market
‧ Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the market for various medical equipment maintenance (remote monitoring and maintenance) services across regions
‧ Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the medical equipment maintenance (remote monitoring and maintenance) market

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATIONS 17
1.6 MARKET STAKEHOLDERS 18
2 RESEARCH METHODOLOGY 19
2.1 MARKET SIZE ESTIMATION 20
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 22
2.3 KEY DATA FROM SECONDARY SOURCES 24
2.4 KEY DATA FROM PRIMARY SOURCES 24
2.5 ASSUMPTIONS FOR THE STUDY 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 29
4.1 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE) OVERVIEW 29
4.2 GEOGRAPHICAL SNAPSHOT OF THE MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE) 31
5 MARKET OVERVIEW 32
5.1 INTRODUCTION 33
5.2 MARKET SEGMENTATION 33
5.2.1 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE), BY MODALITY 33
5.2.2 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE), BY VENDOR TYPE 34
5.2.3 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE), BY END USER 34
5.2.4 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE), BY REGION 34
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5.3 MARKET DYNAMICS 35
5.3.1 MARKET DRIVERS 36
5.3.1.1 Rising need to cut healthcare costs 36
5.3.1.2 Reductions in equipment ETTR 36
5.3.1.3 Innovations in IT to minimize maintenance costs 36
5.3.1.4 Growing need to collect equipment data and integrate healthcare systems 36
5.3.2 MARKET RESTRAINTS 37
5.3.2.1 Data reliability issues associated with remote monitoring systems 37
5.3.3 OPPORTUNITIES 38
5.3.3.1 Untapped market potential of emerging economies 38
5.3.3.2 Increasing penetration of high-speed networking technologies 38
5.3.4 TRENDS 39
5.3.4.1 Emergence of Independent Service Organizations (ISOs) 39
6 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE), REGULATORY IMPLICATIONS 40
6.1 INTRODUCTION 40
6.1.1 ISO STANDARDS - ISO 27799:2008 & ISO/TR 27809:2007 40
6.1.2 HEALTH INSURANCE PORTABILITY AND ACCOUNTABILITY ACT (HIPAA) 40
6.1.2.1 HIPAA Privacy Rule 40
6.1.2.2 HIPAA Security Rule 41
6.1.3 HEALTH INFORMATION TECHNOLOGY FOR ECONOMIC AND CLINICAL HEALTH ACT (HITECH) 41
6.1.4 CEN ISO/IEEE 11073 41
6.1.5 CEN/CENELEC 41
6.1.6 ETSI 41
7 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE), BY MODALITY 42
7.1 INTRODUCTION 43
7.1.1 ADVANCED MODALITY 46
7.1.2 PRIMARY MODALITY 47
8 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE), BY VENDOR TYPE 49
8.1 INTRODUCTION 50
8.2 COMPANY-SPECIFIC SERVICES 52
8.2.1 MULTI-VENDOR OEM 55
8.2.2 SINGLE-VENDOR OEM 56
8.3 INDEPENDENT SERVICE ORGANIZATIONS (ISO) 58
9 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE), BY END USER 60
9.1 INTRODUCTION 61
9.2 HOSPITALS & CLINICS 63
9.3 DIAGNOSTIC CENTERS 66
9.4 OTHER END USERS 68
10 MEDICAL EQUIPMENT MAINTENANCE MARKET (REMOTE MONITORING & MAINTENANCE), BY REGION 70
10.1 INTRODUCTION 71
10.2 NORTH AMERICA 72
10.2.1 U.S. 76
10.2.2 CANADA 77
10.3 EUROPE 79
10.3.1 GERMANY 82
10.3.2 U.K. 84
10.3.3 FRANCE 86
10.3.4 ITALY 88
10.3.5 SPAIN 89
10.3.6 REST OF EUROPE 91
10.4 ASIA 93
10.5 REST OF THE WORLD 96
11 COMPETITIVE LANDSCAPE 100
11.1 OVERVIEW 100
11.2 MARKET SHARE ANALYSIS 101
11.3 COMPETITIVE SITUATIONS & TRENDS 102
11.3.1 ACQUISITIONS & MERGERS 103
11.3.2 EXPANSIONS 104
11.3.3 AGREEMENTS& COLLABORATIONS 105
11.3.4 OTHER STRATEGIES 106
12 COMPANY PROFILES 107
12.1 INTRODUCTION 107
12.2 GE HEALTHCARE 108
12.3 SIEMENS HEALTHCARE GMBH (SIEMENS AG) 110
12.4 KONINKLIJKE PHILIPS N.V. 112
12.5 TOSHIBA MEDICAL SYSTEMS CORPORATION (TOSHIBA CORPORATION) 115
12.6 FUJIFILM HOLDINGS CORPORATION 118
12.7 HITACHI MEDICAL SYSTEMS AMERICA, INC. 120
12.8 ARAMARK 122
12.9 CARESTREAM HEALTH, INC. 124
12.10 DRAGERWERK AG & CO. KGAA 126
12.11 ESAOTE SPA 128
*Details On Financials, Products & Services, Key Strategy, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies.
13 APPENDIX 129
13.1 INSIGHTS FROM INDUSTRY EXPERTS 129
13.2 DISCUSSION GUIDE 130
13.3 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 133
13.4 AVAILABLE CUSTOMIZATIONS 134
13.5 RELATED REPORTS 134