By the year 2023, the United States medical equipment maintenance sector is expected to be worth about $9.5 billion.
Fremont, CA: Significant growth is expected for the U.S medical devices manufacturing industry in the imminent years. The prime driver for such growth would be increasing healthcare expenditure as a percentage of GDP.
Also, the sector is being impacted by growing awareness on preventive healthcare. The industry has also witnessed stringent regulations coming in the last year. The newfound goals of the industry with respect to medical devices manufacturing and maintenance include ensuring operational efficiency, enabling minimum failure rates, and increasing the life expectancy of these devices.
Imaging, life-support, dental, electromedical, and surgical equipment are in huge demand. Significant growth has been seen in terms of imaging equipment. Imaging devices continued its domination throughout the last year in terms of the revenue generated for the medical devices maintenance sector. The growth is expected to continue in the time frame from 2019 to 2024 at a CAGR of 10.1 %.
Advanced imaging modalities continue to be in huge demand in the United States as many of the nation’s healthcare settings continue to invest and integrate such imaging modalities, including magnetic resonance imaging and CT.
The need to ensure medical devices are receiving regular maintenance has become more apparent than ever. Also, several international enterprises are focusing heavily on ensuring hygiene in healthcare centers to arrest the spread of hospital-bound infections. As a result of this, preventive maintenance has acquired unparalleled importance.
By the year 2024, the preventive maintenance market is expected to generate $7.7 billion. The expected CAGR growth is about 10.1 % for the current preventive maintenance sector.
The U.S is a significant contributor to the growth in worldwide medical devices sector. Thriving on the presence of significant market players, increased technological progress, and rapid incorporation of novel technologies besides initiatives by government for better healthcare technologies, the nation is confident of maintaining this pace beyond 2019 and into the future.