The U.S. medical equipment maintenance market will power at a rate of 9.2% in the years to come, to reach USD 21,358.3 million by 2030, as stated by a market research institution, P&S Intelligence.
This growth will be driven by the progressions in the medical device industry, increasing consciousness on preventive medical equipment upkeep, and a strict regulatory environment.
Preventive maintenance dominated the industry. This will also have the highest growth rate in the years to come. This can be credited to the growing acceptance of AMC policies by hospitals and other users in the nation, because of the numerous reimbursements related to them.
Private-sector organizations will have the larger share in 2030. This has a lot to do with the budding private-sector healthcare sector and increasing healthcare spending.
Among all the states, Texas dominated the industry in the past, and it is expected to grow the fastest in the years to come.
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This is mainly due to the presence of a high number of hospitals in the state, coupled with the growing healthcare expenditure. State agencies, such as the HHSC, DADS, and Texas DSHS, had ~83% of all healthcare expenditure in the state on an annual basis.
The users in the medical equipment maintenance market of the nation are becoming more persuaded toward entering into multi-vendor contracts, for reducing the intricacies and further expenses related to separate services delivered under agreements with the builders of medical equipment.
In the country, numerous tech advanced medical devices and associated products are put to use by healthcare specialists and governments to offer best in-class amenities to patients.
As these high-tech medical devices necessitate steady maintenance, software updates, and other kinds of services, their snowballing acceptance will drive the market in the years to come.
The U.S. has a strict regulatory framework, which makes the maintenance of medical equipment a compulsory requirement for users.
According to the regulations, hospitals must follow OEMs suggest preventive maintenance procedures and programs, unless a waiver was executed and accepted by the health department.
With these kinds of regulations in place, the acceptance of medical equipment upkeep services by hospitals and other healthcare facilities will increase, powering the market in the near future.
This market is highly diversified, because of the occurrence of more than a few key players. Recently, major players have taken a number of strategic measures, for example partnerships, mergers and accusations , and facility developments, to gain a competitive edge in the market.
It is because of the growing consciousness on preventive medical equipment upkeep, the demand for medical equipment maintenance, will increase in the years to come in the U.S.